After all the controversy Facebook has generated in recent months, it seemed almost inevitable that at some point the social media giant would get what it had coming. A reckoning.
Author: Agency Staff
Amazon.com reported better-than-expected earnings in the second quarter and forecast more of the same in the current period, igniting investor optimism.
Naspers is considering the listing of certain parts of its sprawling global media and technology business outside South Africa as the continent’s largest company by market value seeks to reduce its size.
Spotify Technology gained more subscribers than expected, but it wasn’t enough for investors who are worried about competition from Apple and Amazon.com.
Nokia shares plunged after the company said customers aren’t quite ready to increase spending on faster networks and are demanding price cuts.
Facebook has racked up plenty of milestones in its pioneering journey. Now the social media giant is poised to add one it would doubtless rather avoid: the biggest stock market wipe-out in American history.
Facebook on Wednesday reported second quarter sales and user growth that fell short of analysts’ projections. And the company told Wall Street the numbers won’t get any better this year.
Facebook was pummelled by public criticism over privacy issues during the second quarter. Don’t expect to see much evidence of that turmoil in Facebook’s earnings report on Wednesday.
Standard Bank Group has allocated R10-billion to fund energy projects in South Africa as the continent’s largest lender by assets grows more confident in its home market and invests in riskier ventures.
Tencent has become one of the most aggressive promoters of pro-gaming. And it’s hard to overstate the mania that’s gripped China in particular.