Snap “is quickly running out of money” and may need to raise capital by the middle of next year, according to a scathing new research report from MoffettNathanson.
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Nigeria’s central bank governor will meet with MTN Group and four banks to negotiate a dispute over $8.1-billion the bank says was transferred illegally out of the country, sources said.
Not only has the Chinese Internet giant lost more market value than any other company worldwide this year, its 38% drop from a closing high in January is now the deepest since Tencent’s 2004 listing in Hong Kong.
In this episode of the podcast, Duncan McLeod interviews Shaun Dippnall, co-founder of the Explore Data Science Academy, on the launch of Explore 10X, a programme to develop new fintech businesses in South Africa.
A North Korean hacking group has tried to steal at least $1.1-billion in a series of attacks on global banks over the past four years, according to cybersecurity firm FireEye.
Netflix is buying its first production studio, the New Mexico facility used to make The Avengers and Sicario, to accommodate its growing output of original movies and television shows.
The end of MTN’s free Twitter promotion may have led to a huge reduction in the volume of tweets by the users of that service, but it doesn’t seem to have had a significant effect on the volume of activity on the social network in South Africa.
More than a decade into the era of prevalent social networks and smartphones, people still have no way to make informed choices about how to safely conduct their lives online.
Google found a “software glitch” in its Google+ social network in March that could have exposed the personal data of as many as half a million users, but decided not to tell the public until Monday.
South Africa will strive to allow competition into its banking system in a way that won’t threaten the stability of the industry as more and more entrants seek to rival the nation’s biggest lenders.