Barring a precipitous drop in Apple’s share price, CEO TIm Cook will receive 560 000 shares on Monday, worth a combined $278.6-million, or R4.7-billion.
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Microsoft is backing Epic Games in its fight with Apple. The company has been upset with Apple’s rules preventing it from releasing a cloud-gaming service that works with iPads and iPhones.
Tencent Holdings jumped the most in two weeks after White House officials are said to have reassured American businesses that a ban on its WeChat app won’t be as broad as feared.
The enormous rally in tech stocks has further to run, according to analysts at investment bank JP Morgan, who recommend staying invested across the sector for its growth potential.
Apple on Friday alleged that Epic Games’ chief executive had asked it for a “side letter” to create its own game store within the iPhone maker’s App Store.
Major news publishers are seeking more favourable terms from Apple on commissions the iPhone maker collects from them on payments made through its app store.
Airbnb has announced a global ban on parties and events listed on its platform in a bid to comply with Covid-19 health protocols.
China will take “all necessary measures” to protect its firms’ legitimate interests, the commerce ministry said, in response to the US move this week to further tighten restrictions on Huawei.
Short-term home rental company Airbnb has filed confidentially for an initial public offering with US regulators, setting the stage for one of 2020’s marquee stock market debuts.
Oracle’s bid for the US operations of TikTok received the backing of US President Donald Trump, bolstering the software maker’s attempt to derail takeover talks led by rival Microsoft.