Advertisers Embrace TikTok at Cannes Despite Threat of Bans

TikTok Inc.’s political troubles seemed far away in Cannes, where advertising executives swarmed the short video app’s booth at a week-long industry extravaganza in Southern France.

The company opened a pop-up stage at the glitzy Carlton hotel, its largest presence to date at the Cannes Lions International Festival of Creativity. Under a marquee where visitors listened to a li…

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China’s Didi Crackdown Isn’t All That Different From U.S. Moves Against Big Tech

It was supposed to be one of the hottest IPOs of the year, the listing of the most dominant ride-hailing service in China, Didi Global. More dominant than Uber, Didi commands almost 90% of the Chinese market, and with its attendant services like bicycle rentals and a growing business in autonomous vehicles and artificial intelligence. And then it all went terribly wrong.

Barely two days a…

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Elon Musk Reaches $44 Billion Deal to Buy Twitter

Elon Musk secured an agreement to purchase Twitter for approximately $44 billion on Monday following a night of negotiations with the social media company’s 11 board members.

The deal, one of the biggest-ever leveraged buyouts of a listed company, arrives less than two weeks after Musk put forward his initial bid of roughly $54.20 per share—a 38% premium over Twitter’s c…

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How Leena Nair, Unilever’s Head of HR, Sees the Future of Work in a Post-Pandemic World

(Miss this week’s Leadership Brief? This interview below was delivered to the inbox of Leadership Brief subscribers on Sunday morning, May 23. To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)

In early 2020, when the pandemic hit, companies around the world made a series of complex moves to enable their emplo…

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Jeff Bezos Plans to Give Most of Fortune Away

Jeff Bezos, the founder of Inc. and the fourth-richest person in the world, said he plans to give away the bulk of his fortune during his lifetime.

Bezos will devote the money to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions, he told CNN, the first time the billionaire has committed to such a pledge.


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Twitter Tells Singapore Staff to Clear Office

Workers at Twitter Inc.’s Singapore office were told to empty out their desks and vacate the premises, said people familiar with the situation, as Elon Musk continues to pare expenses around the globe.

Twitter staff were informed via email Wednesday that they had until 5 p.m. to leave the CapitaGreen building and resume their duties remotely from Thursday, one of the people said, as…

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Parent Company of Jessica Simpson Brand, Joe’s Jeans Files Bankruptcy as Retail Sinks

Sequential Brands Group Inc., the parent company of brands including the Jessica Simpson fashion collection and Joe’s Jeans, filed for bankruptcy protection after the apparel industry was upended by changing consumer habits and the coronavirus pandemic.

The owner and licensor of brands such as Gaiam yoga filed its Chapter 11 petition in Wilmington, Delaware with plans to hold an auc…

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A Beer Shortage Is Brewing. Blame a Volcano

Beer and meat lovers might have a difficult time getting their favorite products this fall. That’s because there’s a shortage of carbon dioxide (CO2) in the U.S., leading to complications at a number of breweries and food suppliers across the country.

Food and beverage companies, such as Tyson and Kraft Heinz, have been scrambling to find suppliers of the gas, which is used fo…

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Tesla Pauses Plants After Ending Shaky Quarter With a Production Milestone

Tesla Inc. investors have a lot to parse after the July 4 holiday: a disappointing quarter of deliveries, a record month of production, and now several weeks of downtime at multiple plants.

The electric-car maker will halt most production on its Model Y assembly line in Shanghai for the first two weeks of July, then stop the Model 3 line for a 20-day stretch starting July 18, Bloomberg re…

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