Amazon.com shares rose as much as 1.9%, pushing the company briefly beyond a market value of US$1-trillion, a milestone Apple reached just last month.
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Amazon.com headed for its biggest gain in four months, pulling within US$26-billion of becoming America’s second trillion-dollar company, after Morgan Stanley said sales growth remains strong.
A red 1962 Ferrari 250 GTO owned by a former Microsoft employee sold for $48.4-million (about R690-million) on Saturday in California, the most ever paid for a classic car at auction.
Once upon a time, Facebook allowed academic researchers access to its data. We know how that story ends: with the Cambridge Analytica scandal.
Microsoft has warned that cyber-attackers linked to the Russian military are once again targeting American political groups, in a potential attempt to manipulate and disrupt the US midterm elections in November.
Workplace chat software maker Slack Technologies has continued its fervent pace of fundraising with a US$427-million round of investment.
Google wants to get back into China, and is laying the groundwork for a key part of the initiative: bringing its cloud business to the world’s second largest economy.
Apple may not have surpassed US$1-trillion in market value in the wake of this week’s solid results, but it remains the world’s biggest company – for now.
Facebook has racked up plenty of milestones in its pioneering journey. Now the social media giant is poised to add one it would doubtless rather avoid: the biggest stock market wipe-out in American history.
Microsoft’s earnings report and forecast cheered investors, providing further evidence the company can increase cloud sales and squeeze more profit from the area while cutting into Amazon.com’s massive industry lead.