San Francisco, United States | AFP | Facebook said Friday it would add $9 billion to its stock buyback program, which could scoop up shares pummeled over the past few months by privacy scandals and a slump on Wall Street. In a regulatory filing, the leading social network said it …
Read More »Apple market value slips below $1 trillion amid selloff
New York, United States | AFP | Apple shares tumbled Friday a day after quarterly results showing strong profits but weaker-than-anticipated iPhone sales and a disappointing outlook for the key holiday period. In midday trade, Apple skidded 7.3 percent to $206.07, slipping below the $1 trillion milestone it topped in …
Read More »Spotify soars in $26 billion stock debut
New York, United States | AFP | Spotify soared Tuesday to a value of more than $26 billion in its long-awaited stock debut as the market delivered a ringing endorsement of the future of music streaming. In one of the largest public offerings ever in the tech sector, Spotify on …
Read More »Spotify files to go public, eying streaming growth despite losses
New York, United States | AFP | Spotify on Wednesday announced a long-awaited public listing, voicing confidence that its streaming model will keep reshaping the music industry but acknowledging that the company has yet to turn a profit. In its filing with US regulators, the Swedish platform that over the course …
Read More »Twitter shares dive after Google rules out bid
San Francisco, United States | AFP | Twitter shares dove in after-hours trades Wednesday on the heels of a report that Google does not plan to bid for the culture-changing but unprofitable one-to-many messaging service. The technology news website Recode cited unnamed sources close to the situation as saying Google …
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