Showing posts with category "internet"

Tencent backer Prosus to cut $134 billion stake to fund buyback

Prosus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd to finance a buyback program, reversing a pledge to hold onto the full shareholding.

November 26, 2022
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internet

Naspers reports strong digital growth – announces share repurchase programme

Media and internet firm Naspers on Monday (27 June), reported strong revenue growth with profitability in core operations for the year ending March 2022, led by the group’s e-commerce portfolio whi...

November 24, 2022
tags
internet

Meta suit claims its algorithms lure young people into destructive addiction

Meta Platforms Inc is now a leader in another social media trend – lawsuits claiming the company built algorithms in its platforms that lure young people into a destructive addiction.

November 25, 2022
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internet

‘No longer sure bets’: tech giants are dropping bad news daily

From Seattle to Silicon Valley to Austin, a grim new reality is setting in across the tech landscape: a heady, decades-long era of rapid sales gains, boundless jobs growth and ever-soaring stock pr...

November 27, 2022
tags
internet

Elon Musk’s revised Twitter bid

Elon Musk is dropping plans to partially fund his purchase of Twitter Inc with a margin loan tied to his Tesla Inc stake and increasing the size of the deal’s equity component to $33.5 billion.

November 26, 2022
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internet

More skilled South Africans are leaving the country, says Takealot

South Africa’s biggest tech firms weigh in on the diminishing pool of highly skilled people.

November 28, 2022
tags
internet

One of South Africa’s biggest internet companies is moving to a permanent work-from-home model

Internet Service Provider Webafrica has announced that it will close its physical offices and go fully remote.

November 22, 2022
tags
internet