US technology giants are increasingly dominating the stock market in the midst of the coronavirus pandemic, even as they draw accusations of unfair business practices. Some investors fear the pump is primed for a tech-fuelled sell-off.
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Walmart said it was joining Microsoft in a bid for social media company TikTok’s US assets, revealing its plans hours after CEO Kevin Mayer said he would step down.
For at least two years, I’ve been calling out Xiaomi for pretending be an Internet player when it really just makes smartphones. It took a global pandemic for the Chinese company to finally realise its vision, sort of.
TikTok CEO Kevin Mayer has left the company, less than three months after he joined the hit short-video app, and US GM Vanessa Pappas will replace him on an interim basis.
Telkom Kenya has called on the industry regulator to ensure a level playing field, weeks after the company abandoned plans to combine operations with Airtel Africa’s domestic unit.
Players of the popular game Fortnite on iPhones will not get updates after Epic Games on Wednesday decried Apple’s App Store “monopoly” and said it will not remove a direct payment feature it recently enabled.
Facebook has said its apps will no longer collect unique device data from people using Apple’s upcoming iOS 14 operating system, a change that will drastically hinder the social network’s targeted advertising business.
Tesla CEO Elon Musk has suggested the electric car maker may be able to mass produce longer-life batteries with 50% more energy density in three to four years.
Apple was spared from having to immediately reinstate Epic Games’ Fortnite on its App Store, an early court victory for the iPhone maker in an intensifying battle over the tolls charged to app makers.
Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the US-China trade war intensifies.