Facebook CEO Mark Zuckerberg has made his first big share sale to fund his family’s philanthropic initiative. The sale of more than 760 000 shares of Facebook stock, valued at about US$95m, was made by Chan Zuckerberg
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If you can’t beat them, buy them. European banks are acquiring mobile-savvy financial technology (fintech) start-ups rather than building their own. Given the long history of start-ups that have sold themselves for eye-watering
Lenovo expects its loss-making smartphone business to turn a corner next financial year as it shifts toward higher-end devices and ramps up marketing in the US and China. The world’s largest PC maker
Ford Motor Co, which put the world on wheels a century ago, is now taking the driver out of the driver’s seat. The company said it plans to have a fully autonomous vehicle – no steering wheel and no accelerator or brake
Cisco Systems, the largest maker of networking equipment, will cut as many as 14 000 employees worldwide, or 20% of its workforce, CRN reported, citing people close to the company. San Jose, California-based Cisco
Xiaomi, the once-hot Chinese smartphone maker, saw shipments tumble 38% in China in the second quarter as Huawei took over the top spot in the world’s largest market, according to research from
Google nailed e-mail with the 2004 introduction of Gmail. But as traditional e-mail falls out of favour with a growing sliver of the population, Google has struggled to make its messaging tools relevant or introduce
Facebook collects less than the 5% of the US$500bn spent on advertising each year. To achieve the deepest, darkest dreams of Mark Zuckerberg, the company must become the first one that dominates both the kind
The television industry will make a record number of shows in 2017, as streaming services Netflix, Amazon and Hulu propel a swell in production that’s creating an oversupply, veteran Fox executive John Landgraf said
Imagine you woke up to discover a massive cyberattack on your country. All government data has been destroyed, taking out healthcare records, birth certificates, social care