By TALI ARBEL AP Technology Writer The effects of the coronavirus pandemic hurt AT&T‘s revenue and profit in the first quarter, and it withdrew its financial guidance for the year. Revenue fell 4.6% to $42.8 billion, with a $600 million impact from the virus thanks to lower wireless equipment sales and a hit to ad […]
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By KELVIN CHAN AP Business Writer LONDON (AP) — A pandemic forcing everyone to stay home could be the perfect moment for online grocery services. In practice, they’ve been struggling to keep up with a surge in orders, highlighting their limited ability to respond to an unprecedented onslaught of demand. After panic buying left store […]
Economies around the world are being hit hard by the current crisis, however some sectors within the tech and telecoms industries may see gains from the current pandemic. Here are 5 areas that are likely to come out on top. 1. Cloud Computing This doesn’t really come as any surprise as cloud computing has been […]
Consumer IoT vendors are looking for growth in the markets disrupted by the COVID-19 pandemic. It is forecast that shipments of wearable bands, smart speakers and smart personal audio devices will grow by 9.8% to reach 718 million units in 2020, as more people purchase devices that provide entertainment and help fulfil professional obligations as […]
A leaked memo obtained by Vice showed Amazon’s efforts to mount a smear campaign against a worker it fired. The memo was written by one of Amazon’s top lawyers who described the fired worker, Chris Smalls, as “not smart or articulate.” Zoom’s CEO has apologized to the video conferencing app’s millions of users over privacy concerns. “We […]
By JAKE COYLE AP Film Writer NEW YORK (AP) — Jason Kilar, the founding chief executive of Hulu and a former Amazon senior vice president, has been named CEO of WarnerMedia, the company announced Wednesday. Kilar takes the reins of one of Hollywood’s largest film and television factories, putting in him charge of the Warner […]
Almost every part of the shopping experience has been affected by the current pandemic – both online and offline. In some cases, supply has actually stayed the same as warehouse workers continue to ship products as normal. What is different, is how people are spending their time. Millions are self-isolating and for many, work life […]
1. Tesla has been criticized by 9 of their employees via interviews to a well-known online publication. Workers from the company have complained about a lack of hand sanitizer, unclear communication from their CEO Elon Musk, and a poor enforcement of social-distancing measures. 2. Government-backed hackers from China have targeted the US in a far-reaching […]
In recent months, countries around the world have seen a surge in internet and mobile phone usage. Network traffic is unprecedented, as more and more people are confined to working from home and have no other means to contact friends and loved ones. To some network operators, the burden might seem too great whilst others […]
By The Associated Press undefined The rapid worldwide spread of the coronavirus since it was first revealed in China less than three months ago has dealt an unparalleled shock to the global economy. Following are weekend business developments related to the outbreak as governments attempt to stabilize their economies, companies navigate through an altered landscape, […]