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Snap’s shares increase 20% as COVID-19 spurs use, revenue growth beats Street
Snap Inc on Tuesday beat Wall Street estimates for quarterly revenue and user growth for its Snapchat app, as more…
Facebook invests $5.7bn in Reliance unit to reach small grocers in India
Facebook will spend $5.7 billion for 10 percent of Reliance Industries’s digital business, as the social media firm…
Jack Ma to donate millions of masks and test kits to the World Health Organisation
Alibaba’s founder Jack Ma announced on Tuesday that he is donating millions of masks and test kits to the World…
Netflix says three coronavirus pandemic effects are impacting its business
Netflix released on Tuesday its Q1 2020 earnings on Tuesday, with a letter to shareholders, the company referred to…
Uber to provide 20,000 free trips, meals for Egyptian healthcare workers
Uber and Uber Eats announced on Tuesday they are partnering with insurer AXA Egypt to provide 20,000 free trips and…
Apple expands services business to markets in Africa, beyond
Apple Inc on Tuesday said it would expand its App Store, Apple Music and other services to dozens of new markets in…
Huawei Q1 revenue growth slows sharply amid U.S. ban, virus headwinds
Huawei Technologies’ revenue growth slowed sharply in the first quarter but the world’s top telecoms equipment…
Egypt’s home Internet usage jumps by 87% amid coronavirus curfew – report
Internet consumption in Egypt has remarkably increased, seeing high traffic during March and April due to the…
Alibaba to invest $28bn in cloud services after coronavirus boosted demand
Alibaba Group Holding said it will invest 200 billion yuan ($28 billion) in its cloud infrastructure over three…
Australia to force Google, Facebook to pay domestic media to use content
Australia will force Facebook Inc and Alphabet Inc’s Google to share advertising revenue with local media firms,…