Snapchat’s parent company Snap has filed for its initial public offering on the New York Stock Exchange. Hoping to raise US$3bn, the IPO would value Snap at between $20bn and $25bn, putting it at almost twice the expected valuation
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More than 120 companies, from Apple to Zynga, filed an impassioned legal brief condemning US President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late
Few tech workers come from the seven countries affected by US President Donald Trump’s entry ban. But the 97 US companies, most of them from the tech sector, that lent their support to the State of Washington’s lawsuit aiming to block
Alphabet has warned investors about a slew of new competitors, highlighting the company’s broad expansion beyond its original Google search business. It named rivals including Apple, Netflix and Hulu, while highlighting risks from
It’s TalkCentral time. In this week’s news-packed episode, Duncan McLeod and Regardt van der Berg ask: which will be the first big tech company to reach a market capitalisation of a trillion dollars? Also this week, Apple, Facebook, Microsoft and Alphabet announce
Facebook’s fourth quarter revenue climbed more than forecast, driven by advertisers’ continued push to reach consumers on mobile phones. The world’s largest social media company said sales jumped 51% to US$8,8bn, topping
The newly named chief of Japanese retailer Rakuten’s messaging app Viber plans to quickly introduce new products to better compete with Facebook’s WhatsApp and Messenger as the market faces increasing regulation in the
The virtual reality headset maker that Facebook bought in 2014 for US$2bn used stolen computer code, a jury said in awarding $500m to ZeniMax Media. The case was over the Oculus Rift, the device that has put the social media
From Amazon.com’s origins as a virtual bookstore, it became an online mall for every product imaginable. Then the company stealthily built a computing utility business that now generates the majority of its profit, and
A German consumer group has sued Facebook’s WhatsApp in a Berlin court over clauses that allow the messaging service to collect and transfer user data between the platforms. The suit is challenging the privacy terms WhatsApp