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ByteDance, the Chinese parent company of TikTok, would rather shut down the app in the US than sell it. The algorithms TikTok relies on are essential to ByteDance's overall operations, making a sale of the app with algorithms highly unlikely. TikTok operates at a loss, accounting for a small portion of ByteDance's total revenues and daily active users. The parent company would prefer to shut down the app in the US in a worst-case scenario rather than sell it to a potential American buyer.
⏲ 0:46 👁 295K
Behind The Vault
⏲ 6 minutes 57 seconds 👁 15.2K
Canadian Optimizer
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Southwest Drops Service to 4 Airports , Amid Boeing Problems.<br/>On April 24, Boeing announced that it will keep production levels lower so that it can focus on the quality and safety of its planes.<br/>The announcement comes after the company has experienced backlash over safety issues, .<br/>such as the incident on Jan. 5 in which a door plug flew off of an Alaska Airlines plane. .<br/>On April 25, Southwest Airlines said that <br/>Boeing delivery delays have caused the company <br/>to stop serving four airports, CNN reports. .<br/>The recent news from Boeing <br/>regarding further aircraft delivery <br/>delays presents significant <br/>challenges for both 2024 and 2025, Southwest CEO Bob Jordan, via statement.<br/>We are reacting and replanning <br/>quickly to mitigate the operational <br/>and financial impacts. , Southwest CEO Bob Jordan, via statement.<br/>Consequently, we have made the <br/>difficult decision to close our <br/>operations [at the four airports], Southwest CEO Bob Jordan, via statement.<br/>The four airports that will be affected are <br/>Bellingham International Airport, <br/>Cozumel International Airport.<br/>Syracuse Hancock International Airport and George Bush Intercontinental Airport.<br/>Southwest also revealed that it <br/>lost $218 million in Q1 2024.<br/>However, revenue was at $6.3 billion, <br/>an 11% increase from last year.<br/>The revenue increase came from an <br/>uptick in passenger traffic, CNN reports.<br/>Southwest shares dipped 7% in <br/>premarket trading on April 25
⏲ 1:31 👁 850K
Bassem - Canadian Finance Pro
⏲ 9 minutes 12 seconds 👁 10.5K
Affinity Life
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IBM's stock price dropped 9% after hours as its first-quarter sales growth of 1% to $14.5 billion disappointed investors. IBM's consulting division, it's second-largest, reported flat revenues of $5.2 billion, reflecting a \
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BNN Bloomberg
⏲ 7 minutes 22 seconds 👁 10.3K
Your Canadian Retirement Specialist
⏲ 6 minutes 9 seconds 👁 3K
Google's parent company, Alphabet, reported first-quarter earnings that beat analyst estimates for revenue and earnings per share. Google's revenue was over $80 billion versus estimates of about $78 billion. EPS was $1.89 versus estimates of $1.51. YouTube and Cloud revenues also beat estimates, with YouTube at over $8 billion and Cloud at over $9 billion. Google announced a $70 billion stock buyback program. Google stock jumped over 13% in after-hours trading on the strong results.
⏲ 0:35 👁 250K
Make That Change
⏲ 15 minutes 25 seconds 👁 71.1K
Canadian in a T-Shirt
⏲ 13 minutes 9 seconds 👁 114K
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