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Sunday, July 5, 2020

Apple shuts all stores outside of China on coronavirus fears

Apple will shut all of its retail stores outside of China for two weeks to help control the spread of the coronavirus. Chief executive Tim Cook announced the move in a letter posted to the company’s website, writing that Apple learned lessons from the closures...

Bill Gates steps down from Microsoft board, Berkshire Hathaway

Microsoft announced on Friday that Bill Gates is leaving the board. Gates is also stepping down from his position on the board of Berkshire Hathaway. “I have made the decision to step down from both of the public boards on which I serve – Microsoft...

Twitter and Elliott strike deal that keeps Jack Dorsey at helm

Elliott Management and Twitter have agreed a ceasefire that will see Jack Dorsey keep his post as chief executive of the technology group, while the company prepares a $2bn share buyback programme partly funded by private equity firm Silver Lake. But Mr Dorsey will come...

Top Economists Study What Happens When You Stop Using Facebook

In the most recent issue of the prestigious American Economic Review, a group of well-known economists published a paper titled “The Welfare Effects of Social Media.” It presents the results of one of the largest randomized trials ever conducted to directly measure the personal...

Nigeria debunks reports to monitor calls, social media activities

The minister of Communications and Digital Economy, Isa Ali Ibrahim Pantami, has called on Nigerians to disregard and consider as fake news, the circulating message that the ministry plans to commence the recording of phone calls and the monitoring of all social media...

Jack Dorsey’s planned move to Africa divides Square and Twitter investors

The CEO of Twitter and Square announced plans to move to Africa for up to six months next year. Analysts have doubts about who will run the companies in his absence. While some Square analysts ...

Founder of Alibaba Group, Jack Ma attends Nigeria’s Digital Economy Summi

Co-founder and former executive chairman of Alibaba Group, Jack Ma is in Nigeria to attend the Nigeria Digital Economy Summit (NDES) in the nation’s capital, Abuja. According to the pictures, Ma arrived with other business people whose identities are yet to be confirmed. Ma's Netpreneur Prize...

Twitter vows to help Nigerian Tech Entrepreneurs create jobs

The Co-founder and Chief Executive of Twitter Inc., Mr. Jack Dorsey, yesterday said the company was willing to partner young Nigerian entrepreneurs and engineers towards empowering them to take advantage of its service platform to create jobs not only for themselves but for the...

Uber founder sells 20% of his stake in company after lockup

Uber co-founder and director Travis Kalanick sold more than half a billion dollars worth of stock last week after the company’s lockup period ended. Kalanick was ousted as CEO of Uber after accusations that he helped foster...

Alibaba Sets Eyes On $15bn Hong Kong Listing

Chinese online retail titan Alibaba is hoping to raise up to $15 billion in a Hong Kong IPO, a report said Friday, which would be the city’s biggest listing for nine years. The share sale by Asia’s biggest company would also come as Hong Kong...
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