Short-form streaming service Quibi is closing down just over six months after launch. The service had promised to revolutionise how viewers consumed entertainment and was geared towards smartphones.
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A new video streaming service designed only for mobile phones will launch later this year, with shorter programmes and full-screen framing whichever way a user holds their phone.
Uber Technologies will appoint Expedia’s Dara Khosrowshahi to run the global ride-hailing leviathan, two people familiar with the matter have said. He’ll succeed co-founder Travis Kalanick, who led the firm to US$20bn in annual bookings
Uber Technologies hopes to name a new leader by early September to replace its ousted CEO and steer the ride-hailing business out of a turbulent period. The San Francisco company has a shortlist of fewer
Travis Kalanick made Uber a global force by breaking all the rules. The next chief executive will have to be a diplomat, power-sharer and defender of the internal controls long neglected at the world’s most valuable start-up. It’s
As Internet access spread across the globe, a handful of giant American corporations ended up dominating industries. Google in search, Amazon in online shopping and Facebook in social networking. The one market that has proved consistently immune to these titans is China. Now, one of China’s homegrown Internet giants
It’s not yet known how Hewlett-Packard’s plan to shed 27 000 jobs in the next two and a half years will affect the company’s SA subsidiary. The IT giant said on Wednesday that it plans to shed the jobs, or about 8% of its worldwide workforce of nearly 350 000 people, by the end of its 2014 financial year
Hewlett-Packard is unlikely to sell its PC business and will probably choose to spin it off into a separate company still owned by HP, says Frank van Rees, the company’s SA MD. HP shocked the markets a month ago when it said it was considering spinning off or even