Netflix posted the strongest financial results in company history Tuesday, adding a record 15.8 million paid subscribers — almost double the figure forecast by Wall Street analysts.
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Huawei Technologies’ rapid growth slowed to a crawl in the first quarter after Covid-19 depressed demand for smartphones and networking gear around the globe.
SAP co-CEO Jennifer Morgan, appointed in October to the top executive post alongside Christian Klein, will abruptly leave the German software company at the end of April.
Alibaba Group will invest $28-billion on cloud infrastructure such as data centres over the next three years, a major effort to extend one of its fastest growing businesses to more countries.
Google and Facebook will be forced to pay media companies in Australia for publishing their news under what the government says is a world-first mandatory code of conduct.
Boris Johnson’s plan to let Huawei help build the UK’s 5G mobile networks is under threat from mounting opposition to the Chinese company in his ruling Conservative Party.
Uber Technologies withdrew its financial guidance for 2020 and said it will write down about US$2-billion in investments after the coronavirus pandemic upended the ride-hailing business.
Facebook and its partners said their libra cryptocurrency project will now support multiple versions of the digital coins, the majority of which will be backed by individual fiat currencies.
Google parent Alphabet is slowing hiring for the remainder of the year, the most drastic action by the Internet search giant since the Covid-19 pandemic began battering its advertising business.
GoPro said it will cut more than 200 jobs, shift the company’s sales operation to market its digital adventure cameras directly to consumers and withdraw its 2020 financial guidance.