Tesla shares bounce on fourth consecutive quarterly profit July 22, 2020 Tesla has beat analyst estimates to report its fourth consecutive quarterly profit, inching it closer to entering the S&P 500 index. It posted earnings per share of 50 cents for the second quarter, compared to a loss of $2.31 a year earlier. Tesla is now able to qualify for entry into the S&P 500. At [...]
Microsoft surprises investors in sales and profit beat July 22, 2020 Microsoft topped analyst estimates for both sales and earnings in its fourth fiscal quarter, but shares still dropped slightly in after-hours trading. Microsoft reported earnings per share of $1.46 in the three months to the end of June, compared to an average estimate of $1.34. However overall its net income was $11.2bn, down 15 per [...]
Facebook and Instagram to examine algorithm in racial bias investigation July 22, 2020 Facebook has said it is establishing two new groups to assess whether its policies and algorithms are racially biased, following a major advertising boycott against the social media giant. Facebook will set up an Inclusive Product Council, with a similar Equity Team at its sister app Instagram, to explore whether there are “potential biases” across [...]
Slack files formal EU antitrust complaint against Microsoft July 22, 2020 Slack has filed a complaint against Microsoft with the European Commission, arguing its bundling of its Teams messaging service and Office 365 is anti-competitive. Workplace messaging app Slack is a rival of Teams, which also offers video conferencing services. The complaint, filed this afternoon, accuses Microsoft of “illegal and anti-competitive practice” in abusing its market [...]
Twitter to suspend 150,000 accounts in QAnon conspiracy theory crackdown July 22, 2020 Twitter is taking action against more than 150,000 accounts in a widespread crackdown on the QAnon conspiracy theory movement. The social media network said it would also block QAnon URLs from being shared and cease recommending content linked to the growing movement. QAnon has grown from a fringe conspiracy theory on the edges of the [...]
DEBATE: Will the ban on Huawei technology benefit the UK in the long run? July 22, 2020 Will the ban on Huawei technology benefit the UK in the long run? John Longworth, director general of the Centre for Brexit Policy and chairman of the Independent Business Network, says YES. China represents a tiny percentage of UK exports and we are able, in the nick of time, to escape dependence on investment by [...]
Snap beats estimates after short-lived coronavirus bounce July 21, 2020 Snap has surpassed analyst revenue estimates for its second quarter, as advertisers cashed in on an initial boom in user numbers during the pandemic. The Snapchat parent said its daily active users (DAUs), which advertisers watch to measure its growth, rose 17 per cent to 238m in the three months to the end of June. [...]
Musk qualifies for $2.1bn payday after Tesla rally July 21, 2020 A prolonged bounce in Tesla’s share price means its chief executive Elon Musk has qualified for a $2.1bn payout, in his second award since May. The electric carmaker’s six-month average market capitalisation officially surpassed $150bn today, triggering the vesting of the second of 12 tranches of options granted to Musk in 2018. Musk, who is [...]
Facebook flags Trump post on mail-in voting July 21, 2020 Facebook today placed a so-called voting info disclaimer on US President Donald Trump’s post on mail-in voting, following criticism of the social network’s relaxed approach to regulating the President’s content. “Mail-In Voting, unless changed by the courts, will lead to the most CORRUPT ELECTION in our Nation’s History! #RIGGEDELECTION,” Trump wrote in the post. Nearly [...]
Apple to be carbon neutral for its entire business by 2030 July 21, 2020 Apple has said it will remove all carbon emissions across its supply chain and products by 2030, having already become carbon neutral in its corporate operations. The tech giant said its thousands of suppliers will be required to be carbon neutral within the next decade. It aims to achieve 75 per cent of this goal [...]
