Showing posts with category "internet"

Musk sells $6.9 billion of Tesla to avoid Twitter fire sale

Elon Musk offloaded $6.9 billion of stock in Tesla Inc, the billionaire’s biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car maker’s shares in the event he ...

UCT Online High School to launch matric programme for adults

The University of Cape Town’s online high school says it will offer an additional curriculum in the form of the Cambridge Assessment International Education – priced at R3,300 per month.

Airbnb slumps after bookings miss analyst estimates

Airbnb Inc shares slid after the company missed estimates on bookings, highlighting investors’ and analysts’ high expectations for companies in the travel sector after a long Covid slump.

Uber Eats creates new revenue stream for its drivers in South Africa

Uber Eats says it has partnered with delivery bike media owner MotionAds, to provide delivery drivers an opportunity to earn additional revenue through top box advertising in South Africa.

Apple, Alphabet earnings fuel megacap stock recovery

Earnings reports from the biggest technology companies show that the group is navigating the tough economic environment better than smaller rivals, fueling a rebound in stock prices and encouraging...

Amazon shows it can generate sales while slowing spending

Amazon.com Inc. showed its e-commerce and cloud-computing businesses can churn out revenue even as consumers worry about inflation and the company gets serious about curtailing expenses. Investors ...

Meta falls as sales miss estimates in first-ever quarterly drop

Meta Platforms Inc, the social media giant that includes Facebook and Instagram, reported its first-ever quarterly sales decline, citing advertisers’ shrinking budgets.

R5 billion boost for fibre in South Africa

Standard Bank Group has finalised a R5 billion debt finance package for MetroFibre Networx, supporting the group’s fibreoptic data network rollout across South Africa.

Takealot, UberEats, Google and others under fire in South Africa online market inquiry – here are all the major findings

South Africa’s Competition Commission has published its report outlining provisional findings and recommendations of its Online Intermediation Platforms Market Inquiry.

Is it time to give up on your tech stocks?

Tech stocks have fallen dramatically over the last 8 months with the Nasdaq down almost 27% year to date.

Google CEO Sundar Pichai sent a memo to staff about hiring in the current global economy

Alphabet Inc’s Google is planning to slow hiring for the rest of the year, in line with other tech giants who have either made similar decisions or announced job cuts.

Meta has lost half its value this year, giving many a chance to own shares

For years, investors valued Facebook’s parent company as if its growth would never falter. Now that it has, fund managers who buy cheap, out-of-favor stocks are finally getting a chance to own shar...