In just a few hours, Zoom Video Communications CEO Eric Yuan got $4.2-billion richer after shares of his virtual-meeting company surged as much as 26% to $410 in late US trading.
Author: Agency Staff
Facebook on Tuesday told users it can take down or block any content that could increase regulatory or legal risks for the social media giant around the world – even if the content itself isn’t illegal.
Nigeria’s central bank said it will grant more licences for payment service banks but set a minimum capital base that could deter telecommunications firms and some other potential new entrants.
South Korean prosecutors have indicted Samsung Group leader Jay Y Lee on charges including manipulating stock prices and breach of trust in order to cement control of the group.
Companies routinely set targets for reducing their greenhouse gas emissions. But a new kind of environmental target is emerging that has been likened to paying reparations to victims of past injustice.
Apple has asked suppliers to build at least 75 million 5G iPhones for later this year, roughly in line with last year’s launch, in a sign that demand for the company’s most important product is holding up.
Facebook on Tuesday said it would stop Australians sharing news content on its platforms if a proposal to make it pay local media outlets for their content becomes law.
Samsung Electronics’ latest foldable smartphone is also its largest, offering users a tablet-size screen 12% bigger than its first Galaxy Fold. But be prepared to pay big money to own one.
Imagine a bidder wanting to buy KFC, but being told the deal might not include the Colonel’s seven secret herbs and spices. That’s effectively what Beijing has told the list of US companies keen to purchase TikTok.
The high-flying shares of Apple and Tesla rose further on Monday, as investors jumped at the opportunity to own shares at more affordable prices after the companies split their stock.