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Who really pays for Google, Facebook

Google and Facebook make a lot of noise about how their main services are free to use. And it’s true, they are. But what they don’t highlight is their role in making almost everything else we consume online more expensive. Consider all the paywalls and paid services that are rolling out across the internet. News, films, music and even theatrical ...

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Hong Kong needs more unicorns for SPAC race

New York is the place where more startups — from EV battery makers to flying cars — have gone public by way of the boom in SPACs, or special purpose acquisition companies. Once listed, SPACs are on the lookout to place their vast sums in promising enterprises (which then don’t have to go through the complex initial public offering process). ...

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Big Oil is unwilling to bet on future of crude

For a century, there’s been a key metric for judging the direction of the oil industry: The number of years it would take for wells to run dry. The reserves-to-production ratio or R/P — calculated as oil reserves, divided by annual production — has remained at eerily consistent levels since John D Rockefeller’s day. At major oil companies and in ...

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