San Francisco, United States | AFP | Facebook is rolling out a new video service offering professionally produced shows in a challenge to rivals such as YouTube, and potentially to streaming providers like Netflix. The Facebook service called Watch will include a range of shows, from reality to comedy to live …
Read More »Disney unveils streaming TV services, including one for sports
New York, United States | AFP | Walt Disney Co. said Tuesday it is launching two new streaming television services including one for its ESPN-branded sports channel, while ending its deal with Netflix as it shifts towards direct content distribution. The media-entertainment giant called the move “a strategic shift in the …
Read More »Apple’s China problem highlights conundrum for tech sector
San Francisco, United States | AFP | Apple’s decision to bow to Chinese officials by removing apps to sidestep online censorship underscores the dilemma faced by US tech companies seeking to uphold principles while expanding their business. The iPhone maker is the latest from Silicon Valley to face a conundrum in …
Read More »Apple beats profit estimates, boosting shares
San Francisco, United States | AFP | Apple on Tuesday reported stronger-than-expected results for the past quarter, with higher revenues and profits, delivering a boost to its share price. Profit climbed 12 percent to $8.7 billion, and revenue rose percent to $45.4 billion, with the California-based company selling 41 million iPhones …
Read More »Amazon’s Jeff Bezos becomes world’s richest person – briefly
New York, United States | AFP | Amazon founder Jeff Bezos on Thursday became the world’s richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, a new estimate showed. Forbes magazine said its real-time tracking of personal …
Read More »Twitter dives, growth stall highlights contrast with Facebook
San Francisco, United States | AFP | Twitter shares were hammered Thursday after the company reported no gain in its user base in the past quarter, raising fresh fears about the future of the service as it loses more ground to Facebook. Twitter, which has been struggling to keep pace …
Read More »Facebook profit jumps as user ranks grow
San Francisco, United States | AFP | Facebook on Wednesday reported a surge in profits in the past quarter, fueled by strong growth in money-making ads to its more than two billion users. Net profit in the second quarter leapt 71 percent from a year ago to $3.9 billion while …
Read More »Alphabet profit by by EU fine on Google
San Francisco, United States | AFP | Google parent Alphabet on Monday reported a quarterly profit of $3.5 billion, with a massive fine by the European Commission biting into earnings. The technology giant reported that revenue grew to $26 billion in the recently ended quarter, and that profit would have …
Read More »Microsoft announces ‘some’ job cuts
San Francisco, United States | AFP | Microsoft said Thursday it was cutting an unspecified number of jobs amid reports the US tech giant was reorganizing its global sales operations. “Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will …
Read More »Race is on to turn flying car into reality
Le Bourget, France | AFP | Aeronautics giants are treating the idea of a flying car with caution, as such a project raises more questions than it answers, experts say — it’s a child’s dream, a millionaire’s toy. But is it really the next big thing in transport? At this …
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