Showing posts with tag "internet"

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...

June 28, 2022
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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.

June 27, 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...

June 27, 2022
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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.

June 8, 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...

June 5, 2022
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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.

May 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.

May 11, 2022
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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.

May 5, 2022
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internet

You can no longer send these types of WhatsApp messages in South Africa

President Cyril Ramaphosa has assented to the Films and Publications Amendment Act with the new law becoming operational from 1 March 2022.

April 25, 2022
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internet

Musk turns down Twitter’s offer to join its board

Twitter Inc said Elon Musk has decided not to join its board, a stunning twist to a week-long saga that’s captivated the tech community and touched off renewed speculation about the company’s future.

April 11, 2022
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internet

Elon Musk on plans for Twitter’s Blue Service

Elon Musk wants Twitter Inc to offer authentication checkmarks and zero ads for users that pay for premium features on the social media service.

April 10, 2022
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internet

South Africans can get into trouble for these tweets – even with an edit button

The recent suggestion to introduce an edit button on Twitter received enormous support from its users in a poll posted by South African-born businessman Elon Musk.

April 8, 2022
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internet