Twitter warns of slowing growth, investors tell Amazon to stop meddling in union vote, US-China investment flows
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 10 February 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Twitter’s user growth fell short of expectations for the second quarter in a row, more than 70 investors call on Amazon to stop interfering with a unionisation effort, and Huawei asks a US court to overturn the Federal Communication Commission ruling that labels the telecoms company a security threat. Plus, the FT’s global China editor, James Kynge, explains how US-China investment continues despite political tension.
Twitter warns of slowing user growth as pandemic surge fades
https://www.ft.com/content/ff84e6c2-a937-4b88-bd8c-df8bcaa1ee7e
Huawei challenges its designation as a threat to US security
https://www.ft.com/content/b7c2294d-9207-4fae-8fed-d63a80c99618
Amazon must not interfere with US union effort, say investors
https://www.ft.com/content/c7f24fbb-bb4e-489e-8a30-37708700e816
US-China investment flows belie geopolitical tensions
https://www.ft.com/content/b3dcc262-a153-4624-bc1d-156179d6e914
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Wednesday, February 10th. |
| 0:04.0 | This is your FT News Briefing. |
| 0:08.4 | Twitter's pandemic boost is wearing off. Investors tell Amazon to back off a landmark |
| 0:14.0 | unionization effort in Alabama. And China's Huawei tells the court the company is not a security |
| 0:19.3 | threat to the US. Plus, Donald Trump tried to untangle America's economy from China's. |
| 0:24.9 | That didn't stop US investors from pouring money into Chinese companies. |
| 0:29.1 | We'll take a closer look. I'm Mark Filipino and here's the news you need to start your day. |
| 0:40.8 | Take a quick glance at Twitter's income statement and you think that the social media |
| 0:44.7 | company had a pretty good fourth quarter. Revenue jumped 28% year on year to $1.3 billion. |
| 0:50.8 | Twitter's net income rose to more than $220 million. But monetizable user growth or the eyeballs |
| 0:58.1 | that see ads on Twitter slowed for a second street quarter. The company blamed policy |
| 1:03.4 | enforcement changes it introduced before the US election. They were aimed at stopping the |
| 1:07.2 | spread of fake news. Twitter also said it would be hard to keep up with last year's growth. |
| 1:12.5 | The pandemic caused a lot of us to spend more time online and on social media. |
| 1:17.3 | The company projected low double digit growth throughout the rest of 2021. |
| 1:21.5 | Nearly 6,000 Amazon workers at a facility just outside Birmingham, Alabama began a male |
| 1:32.1 | in vote this week to unionize their facility. It's the first effort by Amazon workers in the US. |
| 1:38.5 | Amazon has been fighting hard against this with anti-union posters, an anti-union website, |
| 1:43.7 | and mandatory meetings during work hours. But a group of more than 70 Amazon investors |
| 1:49.0 | wrote a letter asking the company to stop interfering with the vote and to remain neutral. |
| 1:54.1 | The FT's Dave Lee has been covering this and joined me to talk more. The first I asked Dave |
| 1:58.8 | to remind me how this effort got started. So some of the motivations for the union go back to some |
... |
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