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theorem zlib_decompressSingle_compress (data : ByteArray) (level : UInt8)
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The company’s gross margin has consistently been below the industry average, dropping to 23% in 2024 and then recovering to 24.7% in the first three quarters of 2025—still far below the 28%–32% level of leading players. Raw material costs accounted for as much as 87.5%, and rapid expense growth further squeezed profit margins. Overall, the company’s scale advantage stands out, but its earnings are not sufficiently stable. Growth remains primarily driven by store count, and operating efficiency urgently needs improvement.
Trump is using AI to fight his wars – this is a dangerous turning point
The Internet I grew up with was always pretty casual about authentication: as long as you were willing to take some basic steps to prevent abuse (make an account with a pseudonym, or just refrain from spamming), many sites seemed happy to allow somewhat-anonymous usage. Over the past couple of years this pattern has changed. In part this is because sites like to collect data, and knowing your identity makes you more lucrative as an advertising target. However a more recent driver of this change is the push for legal age verification. Newly minted laws in 25 U.S. states and at least a dozen countries demand that site operators verify the age of their users before displaying “inappropriate” content. While most of these laws were designed to tackle pornography, but (as many civil liberties folks warned) adult and adult-ajacent content is on almost any user-driven site. This means that age-verification checks are now popping up on social media websites, like Facebook, BlueSky, X and Discord and even encyclopedias aren’t safe: for example, Wikipedia is slowly losing its fight against the U.K.’s Online Safety Bill.