Facebook's COO Sheryl Sandberg and Twitter's CEO Jack Dorsey are set to leave Disney's board in March due to a conflict of interest. As Facebook and Twitter increasingly pursue video streaming capabilities, the companies are on a collision course with Disney's own video streaming technology. Bitcoin hits a six-week low on concerns that Chinese regulators would crack down on the cryptocurrency. Chinese officials say they would block domestic access to trading platforms and mobile apps.

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Apple posts stronger-than-expected Q2 results
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
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