Masayoshi Son struck a defiant tone after his SoftBank Group reported an enormous loss from investments in money-losing startups WeWork and Uber Technologies.
Four more directors have quit the board of 4Sight Holdings, though the latest shake-up, which includes the appointment of seven new directors, may finally bring some stability to the troubled company.
Investors are getting constant reminders that it’s not cheap for technology giants to stay on top.
A flurry of large trades in Naspers affiliate Tencent shows Asia’s biggest stock will struggle to avoid its worst week in months.
Jeff Bezos is about to relinquish the title of world’s richest person to Bill Gates, as Amazon.com shares tumbled in late trading on Thursday.
Tencent’s accelerating sell-off could get a lot worse if the stock fails to hold above its key support level.
JSE-listed vehicle telematics company Cartrack has delivered a strong set of financial results for the six months ended 31 August 2019, reaching a million subscribers for the first time.
Naspers affiliate Tencent’s shares are dangerously close to losing a key support level.
Shareholders of 4Sight Holdings have demanded an explanation as to why a special meeting, which took place on 11 October to remove and appoint directors, was “improperly” and “unlawfully” adjourned.
A special general meeting of 4Sight shareholders, at which the removal and election of a range of board directors was to be voted at, was called off prematurely on Friday.