Walmart Beats Market Estimates For Holiday Quarter Sales

The strength of the US economy was evident in the results of Walmart Inc which reported quarterly performance numbers for the holiday quarter which beat estimates, driven by increased consumer spending which led to more e-commerce purchases. The shares of the company rose by almost 3 per cent following the publication of the results. A…

Huawei’s Ad Campaign In New Zealand Says Banning It Is Like Banning The All Blacks

Chinese telecom giant Huawei has equated the decision of New Zealand to leave it out of the process of construction of its 5G mobile network to the All Blacks being left out of a rugby tournament. This was communicated by the Chinese firm, the largest telecommunications equipment maker in the world, through full-page ads in…

Restriction On Data Gathering By Facebook Imposed In Germany

A ruling issued in Germany has accused Facebook, the largest social network of the world, of abusing its dominant position in the market to amass user information without gaining consent from them. This was followed by the social media platform being asked to curb its data collection practices in Germany. The Cambridge Analytica scandal which…

Twitter Shares Fall Despite Better Than Expected Q4 Results

Despite the micro-blogging site Twitter Inc. beating analysts’ estimates in terms of both revenue and adjusted earnings per share for the fourth quarter, the shares of the company dropped over concerns for not as expected forecast guidance. The profits of the company for the fourth quarter as reported by Twitter was more than double the…