AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin Inc. shares soared Thursday after Wall Street was supportive of the app-monetization company’s plan to shift focus to its higher-margin software business and treat its lower-margin app segment like a standalone business, parts of which it could sell following a strategic evaluation. AppLovin APP, +34.05% shares climbed as much as 46% to an intraday … Read more

Tech’s latest IPOs fall, with Robinhood, Rivian, UiPath down over 70%

Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Tech stocks have gotten hammered across the board in 2022. The downdraft has been particularly brutal for companies that held their market debuts in 2021. Of 53 … Read more

Ghana: SC Dismisses Interlocutory Injunction Application Against E-Levy

A seven-member panel of the Supreme Court yesterday unanimously dismissed an interlocutory injunction application filed by three National Congress (NDC) Members of Parliament to restrain the Ghana Revenue Authority (GRA) from collecting the Electronic Transactions Levy 2022. The court, presided by Justice Nene Amegacher said that greater hardship would be on the state if it … Read more

BeReal: This social app bans edited photos to encourage users to be more authentic

There’s a newer photo-sharing app — and it’s not like other social media platforms. We joined the app and talked to users to get a deeper understanding of how BeReal works and what you need to know about it. BeReal is a social media app that encourages users to share a slice of their life … Read more

Ghana: Supreme Court Hears Application to Stop E-Levy Implementation May 4

The legal tussle over implementation of Electronic Transfer Bill 2022, is far from over as, the Supreme Court (SC) has fixed May 4, 2022, to hear an interlocutory injunction application seeking to stop the implementation of the levy on May 1, 2022. Mr Godwin EdudziKudzoTameklo, counsel for three National Democratic Congress (NDC) Members of Parliament … Read more

Bank accounts for South Africa’s wealthy – what they offer

Discovery’s recent financial results show how it is carving into South Africa’s affluent market, accounting for a 20% market share of people who earn R100,000 or more each month. Despite some banks targeting the low to the middle-income bracket in recent years with low-cost or zero-fee accounts like Nedbank’s MobiMoney or Standard Banks MyMo Account, … Read more

Sage Book Club: 5 inspirational books to help ambitious entrepreneurs stay productive

Starting your own business can be an exciting challenge. And at Sage, we’re all about helping small businesses to flourish. So, get ready for this month’s special reading selection. We’ve teamed up with card and gift company director, and Sage Business Expert, Jeremy Corner to hand-pick his five favorite books on how to start up … Read more

Fears of Easter travel disruption during ‘extremely busy’ holiday weekend – business live | Business

Good morning, and welcome to our rolling coverage of business, the world economy, the financial markets, and the latest travel problems hitting the UK. Travelers are being warned to expect delays and disruption on the roads, rails, sea and air this Easter weekend, as people try to get away for a break. Staffing shortages and … Read more