Stock sell-off
Softbank, the world-renowned Japanese investment bank, published its financial report for the quarter ended 30 June on Tuesday. In addition to lower profits, Softbank's report showed a sell-off in shares in Microsoft, Facebook, Alphab...
Facebook and Kustomer
The European Commission (EC) on Monday began examining the impact on the European market of Facebook's acquisition of Kustomer, headquartered in New York, which specialises in creating to...
E-sales slowdown
Amazon's second-quarter earnings came in below analysts' estimates; the company's third-quarter forecast also disappointed Wall Street. E-sales growth slowed, not even the Prime Day sell-off helped.
The world's largest e-retailer A...
State of the stock market on Thursday
Facebook (NASDAQ:FB) shares fell 3.1% on the New York Stock Exchange premarket on Thursday after the social media giant warned of a significant slowdown in revenue growth in the current third quarter and next.
...
Facebook's earnings
Facebook reported record revenue growth in the second quarter. However, Facebook shares fell after the company's chief financial officer warned that it expected a "significan...
Facebook updates for the Olympics
Facebook has unveiled Tokyo Olympics-inspired changes to its social networking sites, the company said in a statement on its website on Friday. It said in a statement published on the company's website on Friday.
A...
Sustainable infrastructure investments
Generate Capital, a green infrastructure investment company, announced on Monday that it has raised $2 billion in new funding.
The new funding brings the company's balance sheet close to $10bn after a $1bn rou...
Mark Zuckerberg's stake
Facebook founder Mark Zuckerberg has been selling shares in the company he owns almost every working day since November 2020, bringing his stake down to 14%. This was reported by Forbes magazine on Tuesday...
AI and AR features
Facebook has announced that it is expanding the Shops feature in WhatsApp and Facebook Marketplace, which could improve their monetisation and turn the company's apps into online shopping platfor...
Corporate tax
The G7 countries on Friday formally approved a global minimum corporate tax rate of 15 per cent. This means that multinational companies like Google, Facebook, Apple and others must pay this minimum tax in ...
G7 agreement
The G7 countries this weekend signed an agreement on a minimum global tax of 15% for large companies. It is expected to affect companies such as Google and Facebook, and make it harder to evade higher taxes through offshore co...
NYSE premarket
Tesla (NASDAQ:TSLA) shares fell 0.5% on the New York Stock Exchange premarket after CEO Elon Musk announced on Twitter (NYSE:TWTR) that the electric car maker has halted production of the Model S Plaid Plus, which was expected to be T...
A paid version of Twitter Blue
Twitter on Thursday said it had launched its paid version of Twitter Blue, which gives the ability to edit or delete a tweet within 30 seconds of it being posted and other features for ease of use.
Twitter&n...
New features for communication
Facebook on Wednesday held an "F8 Refresh" conference for software developers at which it unveiled new features for sharing business messages on Instagram and WhatsApp. Facebook aims to ma...
Online streaming
Facebook intends to improve the monetization of its Facebook Live product for live online streaming by including the ability to sell viewings of sporting events. Facebook plans to start by partneri...
Trading results
US stock market rallied on Friday but ended the week in the red.
The Dow Jones Industrial Average index rose 360.68 points (1.06%) to 34382.13 points.
The Standard Poor's ...
Neighborhoods app
Social network Facebook has launched Neighborhoods, an app designed to bring neighbours together, in test mode in the United States. The information was posted on the official website of the online community on Wednesday.
Accordin...
Stock slump
Twitter reported a 28% increase in revenues in the first quarter of 2021 and profits were above analysts' expectations. However, Twitter's lower user growth and outlook for the second qua...
Leaving the project
Max Hodak, president of neural interface developer Neuralink, has announced his departure from the project he co-founded with Elon Musk. He posted about it on his Twitter page and added that he hasn't worked at the company for se...
Facebook doubled its profits
Facebook shares rose 6 per cent after the company released its financial report for the first quarter of 2021, far exceeding Wall Street expectations.
Fac...
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