The company’s shares fell another 12% on Wednesday, dropping well below their $135 IPO price.
Top News
Discovery is measuring the gains from agentic coding tools while fencing in what they can do.
Koray Kavukcuoglu inherits day-to-day control, with Cloud leaders expecting a more product-led Google Gemini.
New Reunert CEO Anthonie de Beer is holding onto the cable business through the cycle and leaning on technology.
More News
OpenAI has sharply raised its projected cash burn through 2029 as it ramps up spending.
Robotic surgery technology has been used to remove a donor kidney at Tygerberg Hospital in Cape Town.
MTN Group has signalled a big change in strategy to drive revenue and profit growth in the years ahead.
MTN Group CEO Ralph Mupita has denied a report the company is in any form of talks to buy Telkom.
Eskom does not expect any load shedding this summer, according to energy minister Kgosientsho Ramokgopa.
The Free Market Foundation has warned against stifling growth in technology in South Africa by mirroring EU regulations.
World News
X could lose as much as $75-million in advertising revenue by the end of the year, the New York Times reported.
Battery prices are resuming a long-term trend of decline, following an unprecedented increase last year.
Paris mayor Anne Hidalgo announced she was quitting X, calling it a “gigantic global sewer” that was “destroying our democracies”.
China’s Huawei said it will move core technologies and resources in its smart car unit to a new joint company.
If you’re concerned about the pervasive role in daily life of technology companies such as Google, then its planned $2.1-billion acquisition of Fitbit is a worry.
It would be interesting to speculate how many people who, after reading the Prosus and Naspers results for the year to March, are thinking the same thing: would Warren Buffett invest in either company?
