Amazon.com has reminded investors that luring shoppers away from stores and dominating the cloud computing industry isn’t cheap. The company on Thursday forecast a potential quarterly loss for the first time in
Author: Agency Staff
Scandal-hit state power utility Eskom placed chief financial officer Anoj Singh on special leave on Thursday after he was linked to a series of questionable deals with members of the Gupta family who are
A surge in Amazon.com shares on Thursday in advance of the online retailer’s earnings report has propelled founder Jeff Bezos past Bill Gates as the world’s richest person. Shares of the online retailer
Twitter failed to attract more monthly viewers in the second quarter, spooking investors looking for evidence that the company is on a sustainable long-term growth path. The shares tumbled more than 9% in early trading
MTN Group, Africa’s biggest mobile-network operator by sales, fell the most in more than a year after a return to first-half profit after a $1bn regulatory fine fell short of analyst expectations. Headline earnings per share
Facebook investors are salivating over the revenue potential for the company’s chat businesses, Messenger and WhatsApp, after CEO Mark Zuckerberg said he’d like to move “a little faster” to make money from
Uber Technologies hopes to name a new leader by early September to replace its ousted CEO and steer the ride-hailing business out of a turbulent period. The San Francisco company has a shortlist of fewer
It’s rare for Facebook CEO Mark Zuckerberg to interact publicly with other moguls online. When he does, it’s usually friendly and choreographed, like the time he asked Microsoft founder Bill Gates for help
Adobe Systems’ Flash – which had long faced criticism for its cumbersome user experience and vulnerability to hacking – is finally set to fade into history. At the end of 2020, the company will stop updating and
Alphabet shares fell after second quarter results resurfaced a worrying trend: the company’s costs are rising as it spends more to expand Google’s newer, fastest-growing advertising businesses. The company reported