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Tech & Innovation·August 14, 2026·1 min read

Microsoft told Google it was overreacting in 2010. It has spent five years quietly leaving China

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When China is 1.5% of revenue, quiet retrenchment becomes a risk management exercise, not a strategic crisis. Multinationals should treat this as a reminder to model geopolitical exposure by revenue share and regulatory friction, not just TAM slides.

Tech & Innovation

In Q2, "other income", mostly from investment gains, at Amazon and Alphabet totaled ~$121B after taxes and made up 66% and 71%, respectively, of profits

When ~66–71% of quarterly profit comes from investment gains—much of it tied to AI bets—you can’t read Big Tech earnings as a clean signal of operating health. Operators should separate core-margin trends from mark-to-market noise before benchmarking, and assume AI-adjacent equity swings will keep distorting comps.