Regulators Force Another Microsoft Split
Summary
Microsoft is separating Teams, its popular video and chat app, from its Office software suite in markets around the world, broadening a split that began in the European Union last fall. Microsoft first added the video and document collaboration program to its business software suite in 2017, and saw Teams’s popularity soar after the coronavirus pandemic unleashed a boom in hybrid and remote working. Separately, shares in Trump Media & Technology Group plunged 21 percent on Monday, after the parent company of the Truth Social online platform disclosed just $4 million in revenue for last year. The entertainment giant’s slate of board nominees has secured the backing of big shareholders, including BlackRock and T. Rowe Price, ahead of the company’s annual meeting on Wednesday. As sports leagues have loosened their rules to allow for institutional investors, firms like Blue Owl and Dynasty Equity say they are committed to long-term investments that aren’t tied to economic volatility.
Classifications
AskAI Classifications
LabelsLinked Companies
