Uber Technologies CEO Travis Kalanick is stepping down from US President Donald Trump’s business advisory council after criticism from customers and drivers. Kalanick’s participation on the council, along with more than a dozen other US
Author: Agency Staff
Facebook’s fourth quarter revenue climbed more than forecast, driven by advertisers’ continued push to reach consumers on mobile phones. The world’s largest social media company said sales jumped 51% to US$8,8bn, topping
The newly named chief of Japanese retailer Rakuten’s messaging app Viber plans to quickly introduce new products to better compete with Facebook’s WhatsApp and Messenger as the market faces increasing regulation in the
The virtual reality headset maker that Facebook bought in 2014 for US$2bn used stolen computer code, a jury said in awarding $500m to ZeniMax Media. The case was over the Oculus Rift, the device that has put the social media
New allegations by President Jacob Zuma’s supporters that South Africa’s biggest banks are frustrating efforts to address racial inequality signal an escalation of a battle for control of the nation’s financial system, including the treasury. Protestors from the
Government is considering a one-year extension to a contract with Net1 UEPS Technologies to make welfare payments to 17,2m people even after legal battles with the company, according to a government official with knowledge of
Apple attracted a swathe of new iPhone customers over the holiday period, auguring well for a more significant upgrade to its flagship product this year — and the services revenue that these devices are increasingly generating. Existing iPhone users upgraded
Apple reported quarterly revenue that topped analyst projections, fuelled by demand for the company’s latest and priciest iPhones. Apple said sales rose 3,3% to US$78,4bn, with earnings of $3,36/share in the three months to 31
The CEO of Net1 UEPS Technologies said a failure to extend its contract to distribute South African welfare payments beyond the end of March would be a “national disaster”, and offered to sell the business to the government. While the South African Social
From Amazon.com’s origins as a virtual bookstore, it became an online mall for every product imaginable. Then the company stealthily built a computing utility business that now generates the majority of its profit, and