US Business

Disney posted its second consecutive quarterly loss, as the effects of the pandemic ravaged core businesses like theme parks and movie distribution that aren’t expected to return to normal in the foreseeable future.

The Commerce Department’s action delays implementation of a regulation, set to take effect Thursday, that would effectively make the video-sharing app inoperable in the U.S.

Twitter said labels and warning messages on tweets it deemed misleading decreased the spread of misinformation on the platform during the election season.

Senior government leaders were furious about the wealthy entrepreneur’s criticisms of regulators in an Oct. 24 speech. The rebuke was the culmination of years of tense relations between China’s most celebrated entrepreneur and a government uneasy about his influence.

A petition filed by ByteDance says the U.S. government’s decision to force a TikTok deal was “arbitrary and capricious” and denied the company due process under the law.

Facebook and Google plan to continue banning political ads on their platforms for the next several weeks to prevent confusion about election results.

Eastman Kodak said five former executives were able to collect millions of dollars by selling stock options they didn’t own, an admission set to add to scrutiny the company faces over the circumstances surrounding a halted U.S. loan.

The Chinese technology company, under a cloud of regulatory pressure, raked in $75.1 billion in sales during China’s biggest annual online sales bonanza.

During the course of the U.S. presidential campaign, Facebook and Twitter applied fact-checking labels to posts from the president, deleted entire online communities and hobbled some functions of their own platforms to slow the spread of what they deemed false or dangerous content.

The pandemic continued to weigh on the ride-hailing company, though its active riders and revenue improved from the preceding quarter as lockdowns eased in some key cities.