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.
Author: Agency Staff
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.
Google is still raking in marketing dollars from advertisers, propelling the online search giant to another strong quarter in the face of costly regulatory trouble in Europe.
Bitcoin’s rebound continued on Tuesday as the largest cryptocurrency climbed past the $8 000 level for the first time in two months.
Bitcoin pushed above $7 500 on Monday as the largest cryptocurrency resumed an advance that has carried it to the highest in two months.
Irregular spending at Eskom has swelled to R19.6-billion as South Africa’s state-owned power utility comes under pressure to restore its credibility and improve its finances.
The risks of innovations such as artificial intelligence and 3D printing wielded by nimble competitors from Silicon Valley or China are shaking up Germany’s engineering-led economy.