For Walmart, a political tug-of-war over TikTok has become an opportunity to follow an app with a huge fan base. The company confirmed Thursday that it is partnering with Microsoft to buy the tech platform, which is owned by Beijing-based ByteDance. The parent company of TikTok is looking for a …
Read More »Pandemic PC boom drives HP sales $ 1 billion higher than expected; stock 5%
Continuing the stagnant revenue streak, HP Inc. shares initially jumped 5% in trading after hours Thursday after reporting fiscal third-quarter sales that surpassed Wall Street’s $ 1 billion estimates, due to a pandemic. affected boom in sales of personal computers. HP HPQ, + 2.01% reported net income of $ 734 …
Read More »Attorney General of DC prosecutes Instacart and demands fraudulent service charges
FALMOUTH, MA – APRIL 8: Instacart shopper Loralyn Geggatt delivers a delivery to a customer’s home during the COVID-19 pandemic in Falmouth, MA on April 7, 2020. Some Amazon, Instacart and other workers protested for better wages, dangerously pay and sick time. (Photo by David L. Ryan / The Boston …
Read More »The losses of Fintech unicorn Klarna increased seven times in the first half
Klarna CEO Sebastian Siemiatkowski follows the launch of the online payment start-up pop-up store in London. Dave Benett | Getty Images for Klarna Swedish online payment company Klarna reported a balloon loss net loss in the first half of 2020, as the company invested in an international expansion company and …
Read More »Apple’s surprise iPhone 12 upgrade has a serious problem
Updated 27 aug. Article originally posted Aug 26 With Apple’s iPhone 12 launch expected in early September, definitive testing is underway for the hardware. And the latest leaked details show that the upgrade to the screen is not only in doubt but also comes with some major drawbacks. SHANGHAI, CHINA …
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