Let’s say this upfront: buying shares in Snapchat’s initial public offering next week is an act of lunacy. It’s nuts to buy stock of a company with just a two-year track record of generating revenue, a loss of $1,27 for each
Browsing: World
Fitbit’s fourth-quarter revenue fell 19%, hurt by fading consumer demand for its once-popular wearable fitness trackers. Revenue in the quarter – which includes the holiday shopping season – dropped to $573,8m, the
While being questioned for allegedly bribing South Korea’s president, Samsung Group’s Jay Y Lee is locked up at a prison notorious for housing convicted billionaires, a serial killer and the hangman’s noose. That doesn’t mean he’s
At a meeting open to all Uber Technologies employees on Tuesday, Travis Kalanick apologised for cultural failings at his company after a former employee alleged she was harassed and discriminated against while working there. Alongside board member
International money transfer service TransferWise has announced an integration with Facebook’s Messenger that will let people set up foreign exchange transactions over the chat service. London-based TransferWise launched the technology
Internet entrepreneur Kim Dotcom claimed a “major victory” in his long-running battle to avoid extradition to the US even as another New Zealand court ruled he is eligible for removal from the South Pacific nation. The high court said on Monday that Dotcom
Elon Musk’s SpaceX successfully launched its second rocket in as many months on Sunday, bringing it a 10th of the way to its goal of deploying 20 to 24 rockets this year. The Falcon 9 rocket that launched SpaceX’s Dragon spacecraft
Samsung Group’s Jay Y Lee was formally arrested on allegations of bribery, perjury and embezzlement, an extraordinary step that jeopardises the executive’s ascent to the top role at the world’s biggest smartphone maker. The Seoul central district court
Lenovo’s mobile phone business continues to shrink, while its PC division managed anaemic growth in the face of brutal holiday-season competition. The world’s largest PC maker’s profit plummeted more
India’s space agency put 104 satellites into orbit on Wednesday, the most in history, as it looks to cement its position as the dominant destination for low-cost launches. The workhorse Polar Satellite Launch