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.
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...
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.
‘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...
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.
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.
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.
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