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973 days ago

Nintendo to repurchase shares after profits fall shorts of expectations

Nintendo has announced that it will buy back shares after its quarterly profit fell short of expectations,  raising concerns that gaming demand may be peaking as the world recovers from the virus and returns to work. For the June quarter, the Kyoto-based company recorded operating income of 119.75 billion yen, compared to an average forecast of 130.9 billion yen. Source: Bloomberg

#Technology

975 days ago

Amazon is increasing delivery rates for Etsy and Walmart to capture a larger share of the market

Amazon's subdivision MCF which stores, packs and delivers for other websites such as Etsy and Walmart allows sellers to have the convenience of keeping their stock within one system. Amazon already grabs a slice of its competitors' business but has decided to increase its delivery rates to keep their competitive advantage and grow its market share. Source: Financial Times

#Technology

975 days ago

Tencent's stock has plummeted in response to Beijing's tech crackdown

Following significant pressure from Chinese authorities who requested greater protection of minors in gaming, Tencent has announced new regulations limiting the amount of time children can play its online games. Shares in Tencent fell as much as 10.8% in Hong Kong paring losses to be down about 6% following the announcement. Source: Financial Times

#Technology

979 days ago

China has tasked 25 tech giants to fix raft of problems

As part of an effort to combat unlawful internet behavior, China has ordered 25 technology companies including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to conduct internal examinations. Source: Bloomberg

#Technology

979 days ago

Amazon's pandemic boost fades

Amazon.com Inc. has been the essential store for shoppers stuck at home during the pandemic, propelling its sales and profits to new highs. Now, the rush online is slowing down as vaccinated consumers slowly start to get away from computers and smartphones and revert to old habits like traveling and dining out. How tragic for the company, which recently shared a forecast that fell short of expectations, sending shares down 8%. Source: Yahoo Finance, Bloomberg

#Stocks #Technology
Amazon's pandemic boost fades
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