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Google did a quick search to see what a $550 million investment in Chinese e-commerce giant JD.com would return. The results? A less than 1% stake in China's second biggest e-commerce player (behind Alibaba). A massive network of warehouses and delivery ops. A chance to work with JD.com to tackle online retail across the globe. But as Google eyes e-commerce (and Amazon)... ...it's also looking to win favor with China. Since China banned Google's search engine in 2010, Google's built offices in the country, opened AI research facilities, and sent Sundar Pichai over to wine and dine lawmakers. But so far, China's remained query intolerant. …
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LOS ANGELES—Today, biotech magnate Dr. Patrick Soon-Shiong will officially acquire the Los Angeles Times and the San Diego Union Tribune from media company Tronc for $500 million. Doctor who? A guy who's somehow managed to rack up every single job title known to humankind: Surgeon, philanthropist, entrepreneur, adjunct professor, billionaire, minority owner of the LA Lakers, issuer of over 230 patents...and now? Newspaper owner, a title he doesn't take lightly at all. Soon-Shiong will have to work some magic on the LA Times, a paper whose staffers were basically in open rebellion last year over several questionable decisions by ownership. And then, of…
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If the AT&T-Time Warner approval didn't shake up media enough—the race for original content should. Oprah Winfrey just signed a multiyear contract with Apple, which plans to take Netflix, HBO, Amazon, and any other content creator head-on. Apple made this clear when it poached two top Sony media execs (the guys behind "Breaking Bad" and "The Crown"). It also committed at least $1 billion towards original content (perspective: Netflix is spending $8 billion this year). Apple already locked in contracts with a few big names like Kevin Durant and Steven Spielberg. But Oprah's deal, which follows Netflix's multiyear contract with the Obamas, raises th…
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Mary Tyler Moore Dies At 80
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Mary Tyler Moore Dies At 80 This makes me feel very sad. My mother used to love her show back when I was a little kid. I remember reruns of her on during my entire youth. the Mary Tyler Moore show intro final season theme song
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Hey crypto investors: it might be safe to bring back Coinbase from the sixth page of your iPhone. The SEC's top crypto guru, William Hinman, declared that ether was not a security...which means it won't be regulated as one (the same goes for Bitcoin, which is considered a commodity). What's ether? It's the digital token that powers the Ethereum blockchain platform. And it got a major boost following the announcement. What he didn't disclose: The regulatory status of Ripple's XRP token. It's the third ranked cryptocurrency by market cap ($22 billion). What was at stake for ether.
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