Today’s Slice of Bread for Thursday, May 9, 2024
The EU requests information from X regarding content moderation in the first major probe under new tech rules. What specific aspects of content moderation are under scrutiny by the EU, and what are the potential implications of this investigation for X and other tech companies operating in the region? Additionally, how might the outcome of this probe shape future regulatory efforts and policies aimed at addressing online content moderation and platform accountability within the European Union? 
Shopify shares plummet by 18% following weak guidance. What factors contributed to the downward revision of Shopify’s guidance, and how does it reflect the company’s current challenges or market conditions? Additionally, how is Shopify planning to address the concerns raised by investors and regain market confidence in its growth trajectory?
Uber announced its first-quarter results, surpassing revenue expectations but recording a net loss. What are the key drivers behind Uber’s higher-than-expected revenue figures, and how do they reflect its performance in different market segments? Additionally, what factors contributed to Uber’s net loss in this quarter, and what strategies is the company considering to mitigate losses and improve profitability in the future?
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