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.
Browsing: World
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
Apple has cancelled the in-person aspects of its annual developer conference in response to the Covid-19 outbreak. The conference had been due to take place in San Jose, California, in June.
SpaceX aborted a planned launch of a Falcon 9 rocket on Sunday after an abort command occurred at the point where the engines were to ignite.
Microsoft has cancelled the in-person aspect of its annual developer conference in the wake of the coronavirus outbreak. The technology giant has said it will instead hold a “digital event”.
The stock market’s latest plunge pulled global equities into a bear market with traders taking fright at the potential economic damage of the coronavirus.