FT News Briefing Twitter warns of slowing growth, investors tell Amazon to stop meddling in union vote, US-China investment flows
Feb 10, 2021
Twitter struggles with slowing user growth despite previous surges, raising concerns about its future. Investors are pressuring Amazon to cease interference in unionization efforts in Alabama, highlighting the ongoing debate over workers' rights. Meanwhile, Huawei fights a legal ruling branding it a security threat. In a surprising twist, U.S.-China investment flows remain robust, reflecting complex relations, even amidst political tensions. The landscape of international trade and corporate governance remains as intriguing as ever.
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Twitter's Growth Slows
- Twitter's Q4 revenue jumped 28% YoY to $1.3B, and net income rose to $220M.
- However, monetizable user growth slowed for two straight quarters, partly due to policy changes.
Amazon Unionization Effort
- Amazon faces a unionization vote in Alabama, its first in the US.
- Investors urge Amazon to stay neutral, citing worker rights and potential reputational damage.
Huawei Challenges US Ruling
- Huawei is challenging an FCC ruling labeling it a security threat.
- The ruling prevents US companies from using government funds to purchase Huawei products.