Investing in Tech

The European Commission suspended staff from using TikTok over security concerns related to the social media apps data collection practices. Ant groups profit fell 83% after China's regulatory crackdown and a drop in valuation for overseas equity investments still contributed a billion yuan or 145 million dollars to its pair in Alibaba. The food delivery provider among money losing selfie stage and internet giants that have shifted strategies to focus on achieving profitability instead of spending on growth.