Amazon.com spent $1.7 billion on video and music content during the first quarter of this year, the first time the technology and retail giant has itemised the growing cost of providing streaming services to consumers.
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Uber Technologies is seeking to raise as much as $9-billion in an initial public offering that could give the ride-hailing giant a market valuation of as much as $84-billion.
Intel, which had been the biggest beneficiary of a years-long, multibillion-dollar spending spree by the cloud computing industry, signalled an end to an expansion that drove record revenue and profit.
Cryptocurrencies tumbled after New York’s attorney general cast fresh doubt on the stability of tether, a virtual currency that plays a central role in trading on crypto exchanges around the world.
Amazon.com confirmed on Thursday what has been a slowly evolving financial picture. It is now a company that is more profitable than it has been in years, but the supercharged growth is gone.
Facebook shares surged in late trading after the largest social media company posted robust quarterly sales growth and signalled it may be close to resolving a US privacy investigation.
Microsoft’s cloud computing business fuelled quarterly sales and profit that topped analysts’ estimates, boosted by several new deals with large corporate clients.
SAP raised its operating profit outlook for the year, bolstered by strong growth in its cloud business, as the German software maker pushes ahead with a major restructuring.
John McAfee, the eccentric antivirus pioneer known for his brushes with the law, said he has spoken to bitcoin creator Satoshi Nakamoto and plans to reveal the person’s identity.
Samsung Electronics intends to invest the equivalent of about R1.7-trillion over the next decade or so to take on Intel and Qualcomm in the business of making advanced chip processors.