Zoom shares jumped for a sixth straight session on Monday, as investors continued to bet that the teleconferencing company would be one of the rare winners from the coronavirus pandemic.
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Apple’s market value fell below $1-trillion as trading opened on Monday, leaving Microsoft as the only US stock above the 13-digit threshold.
Netflix will temporarily reduce the quality of videos on its platform to ease pressure on Internet service providers during the coronavirus outbreak.
Apple kept its business rolling through the coronavirus pandemic this week by launching a new iPad Pro and two new Macs. But that doesn’t mean its supply chain is in the clear.
Tencent’s quarterly earnings missed estimates after China’s economic slowdown eroded its core gaming business and the cost of fending off ByteDance and other rivals rose.
SoftBank Group told shareholders of WeWork that it could withdraw from an agreement to buy $3-billion of stock in the co-working business, casting doubt on a deal that had been set to close in about two weeks.
For years, television executives have fretted there is too much TV. Now, with the coronavirus looming large, they are worried there might not be enough.
Amazon.com will hire 100 000 people – and give US workers a $2/hour raise in an effort to meet crushing demand from customers placing online orders for household essentials.
Naspers affiliate Tencent picked up millions of new gamers during the global coronavirus outbreak. That helped the company gain $25-billion of market value up to 5 March, before a global market rout torpedoed the stock.
Late on Friday, co-founder and original CEO Bill Gates, the man most closely identified with Microsoft, said he will leave the company’s board to devote more time to his charitable foundation