Liberty Global’s UK cable operator Virgin Media, is set to merge with O2, Telefonica’s mobile carrier. Liberty Global and Telefonica will undergo a 50-50 joint venture. The deal is currently valued at £31.4 billion ($38.9 billion), with Virgin Media valued at £18.7 billion and O2 valued at £12.7 billion. The deal between the two telecoms […]
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By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — In a world where the coronavirus pandemic has turned social distancing into a new way of life, companies whose business models bank on people’s willingness to share their personal space are now struggling. Uber said Wednesday it’s cutting 3,700 full-time workers, or about 14% of […]
By ANNE D’INNOCENZIO and ALEXANDRA OLSON AP Retail Writers Amazon has spent years honing the business of packing, shipping and delivering millions of products to doorsteps around the world. Now it has a captive audience. With much of the globe in various stages of a lockdown because of the coronavirus pandemic, the world’s largest online […]
By MICHAEL LIEDTKE AP Technology Writer BERKELEY, Calif. (AP) — Google reported its weakest revenue growth in nearly five years as the pandemic-driven recession began to shrivel its advertising sales in the first quarter. The January-March earnings for Google parent Alphabet offer a first look at how the digital ad market has fared amid widespread […]
The Coronavirus pandemic wreaked chaos in the US in a matter of weeks. Governments of national and local levels are taking drastic measures to mitigate the spread which includes stay-at-home orders and social distancing – with adverse consequences for many American people and their businesses. However, for tech companies, the outbreak has prompted a huge […]
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 […]
By MICHAEL LIEDTKE AP Technology Writer BERKELEY, Calif. (AP) — Netflix picked up nearly 16 million global subscribers during the first three months of the year, helping cement its status as one of the world’s most essential services in times of isolation or crisis. The quarter spanned the beginning of stay-at-home orders in the U.S. […]
So far 2020 has not been what we expected. The dreaded C word (Covid-19 or Coronavirus) has dominated the headlines and every aspect of our lives in recent months. Many of us around the world have been left wondering what this means for our working lives, and the future of the businesses we own or […]
By BARBARA ORTUTAY, DEE-ANN DURBIN and MICHAEL LIEDTKE The Associated Press Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Since the beginning of March, for instance, Uber shares have lost a quarter of their value. Rival Lyft is […]
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 […]