Text size Transversospinales / Dreamstime Let us assume that the Trump administration is advancing its threats to stop American companies from working with both ByteDance unit TikTok and Tencent Holdings-owned WeChat. What will the Chinese government do in response? Amber analyst Toni Sacconaghi has pondered that question. He owns both …
Read More »Airbnb plans to make a confidential order for IPO in August
Airbnb Inc. is close to submitting to go public in a move that would underscore a surprising handball for the house-sharing giant and the IPO market. The company plans to file IPO paperwork with the Securities and Exchange Commission later this month, laying the groundwork for a potential listing before …
Read More »Facebook is kicking off financial unit in another bid to capture digital payments, commerce
Facebook Inc. has a new payment group with a familiar face. David Marcus, co-creator of the company’s Libra cryptocurrency project, will lead Facebook Financial, an initiative to run all payment projects, including Facebook Pay, a feature it plans to build in all has apps. Former Upwork Inc. UPWK, -2.94% Chief …
Read More »Apple Inc. shares rise Friday, outperform the market
Shares of Apple Inc. AAPL, + 10.46% it jumped 10.47% to $ 425.04 on Friday, in what turned out to be a positive trading session for the stock market, with the NASDAQ Composite Index COMP, + 1.48% increasing 1.49% to 10,745.27 and the DIA Jones Industrial Average DJIA, + 0.43% …
Read More »Amazon Stock jumps on strong second quarter results
Text size Packages from Amazon.com Inc. are stacked on the sidewalk in New York, USA, on Thursday, June 11, 2020. Jeenah Moon / Bloomberg With a big boost from accelerated e-commerce adoption amid the Covid-19 pandemic, Amazon. com released second-quarter financial results that dramatically exceeded Wall Street estimates and the …
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