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SoftBank’s Son bounces back after losing $70bn

Bloomberg At the height of the dot-com bubble in late 1999 and early 2000, Masayoshi Son’s net worth was surging by $10 billion a week. For three days, he was the richest person in the world, Son said. But before Son had a chance to tell anyone, SoftBank Group Corp. crashed. The company’s shares plunged 75 percent in two months ...

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Amazon’s grocery grab squeezes supermarkets

Bloomberg ­­­­­­­­­­­­­­­ Just over a month after Amazon.com Inc. ate Whole Foods, the shakeout in the American grocery aisle keeps getting uglier. The latest sign of trouble: Private-equity giant Apollo Global Management recently tossed a $50 million lifeline to Fresh Market, the struggling high-end chain it took private only 17 months ago. It will only get worse from here, analysts ...

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Facebook, Twitter face a UK levy if cyber bullying not tackled

Bloomberg Social-media giants such as Facebook Inc. and Twitter Inc. will have to reveal the scale of cyber bullying in the UK and face being made to pay the cost of dealing with it. Under the latest guidance by the UK government, technology companies will be required to publish an annual report on how complaints are handled, the reported abuse ...

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