Let’s say this upfront: buying shares in Snapchat’s initial public offering next week is an act of lunacy. It’s nuts to buy stock of a company with just a two-year track record of generating revenue, a loss of $1,27 for each
Author: Agency Staff
When astronomers eyeball little stars twinkling through their telescopes, they now know for certain that circling around some of them are worlds not unlike our own. On Wednesday, an international research team using
Fitbit’s fourth-quarter revenue fell 19%, hurt by fading consumer demand for its once-popular wearable fitness trackers. Revenue in the quarter – which includes the holiday shopping season – dropped to $573,8m, the
While being questioned for allegedly bribing South Korea’s president, Samsung Group’s Jay Y Lee is locked up at a prison notorious for housing convicted billionaires, a serial killer and the hangman’s noose. That doesn’t mean he’s
Finance minister Pravin Gordhan held his ground in a feud with President Jacob Zuma over control of the nation’s finances as he stuck to deficit targets and warned his detractors not to “mess” with the national treasury. In the budget presented
South Africa’s wealthiest individuals will bear the brunt of higher taxes introduced by finance minister Pravin Gordhan to plug a revenue shortfall as economic growth falters. The top marginal income-tax rate for about
At a meeting open to all Uber Technologies employees on Tuesday, Travis Kalanick apologised for cultural failings at his company after a former employee alleged she was harassed and discriminated against while working there. Alongside board member
International money transfer service TransferWise has announced an integration with Facebook’s Messenger that will let people set up foreign exchange transactions over the chat service. London-based TransferWise launched the technology
Now there’s another Facebook app making features that mimic Snapchat. WhatsApp, the chat application owned by Facebook and used monthly by 1,2bn people, is adding a built-in camera to let people take photos or videos, and send them
Finance minister Pravin Gordhan said he is “not indispensable” as he prepares to present the annual budget following almost a year of speculation that he might lose his job. “We are just humble civil servants,” Gordhan said in an interview