Twitter’s board is negotiating with CEO Elon Musk over his bid to buy the social media platform and a deal could be announced as early as Monday, according to media reports. Twitter and Musk negotiated into the early hours Monday over his bid to buy the social media platform, The …
Read More »Toyota thanks shareholders for support after shares hit record high
Toyota Motor Corp’s shares reached a record high on Wednesday, earning a rare message of thanks from the company’s president at its annual general meeting (AGM). The share price of Japan’s no.1 carmaker exceeded 10,000 yen ($90.84) on Tuesday for the first time, as investors welcomed Toyota’s strong sales, electric …
Read More »Alibaba exceeds revenue expectations on cloud boost.
Chinese e-commerce giant Alibaba Group Holding Ltd beat fourth-quarter revenue forecasts on Wednesday, thanks to growth in its core business and its diversification into cloud computing and other services. Alibaba has invested in new business lines such as cloud computing as a boom in its core e-commerce has peaked and …
Read More »Pinterest valued at $10bn ahead of the float.
Pinterest, the online scrapbook company, has priced its shares at the top end of its range as it becomes the latest “unicorn” to make its stock market debut. It will start selling its shares at $19 (£14.50) each, giving the loss-making firm a market value of $10bn. Pinterest is yet …
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