France has approved a 3 percent Digital Services Tax (DST) on revenues that large tech companies, particularly those in the digital advertising and e-commerce industries, earn from providing digital services to French customers.
A Dow Jones piece in MarketWatch says that BlackBerry's earnings report puts it at risk of an enforcement action due to a headline touting non-GAAP revenue, followed by four non-GAAP measures.
BlackBerry released its quarterly earnings on Wednesday, reporting US$247 million in first quarter revenue, up from US$213 million in the same quarter last year. Its net loss of US$35 million, or nine cents per share, was down from US$60 million or 11 cents per diluted share in last year's first quarter.
Facebook has revealed its plans today for a new global digital currency, supported by more than two dozen companies ranging from Visa and Mastercard to Lyft and Spotify, bringing the heft of the world’s largest social network to efforts to transform financial services.
Huawei will reduce its production capacity which could hit revenue growth, said Huawei CEO Ren Zhengfei on Monday, as he revealed his plans to deal with the continued pressure from the U.S.
BlackBerry will report results for the first quarter of fiscal year 2020 at 8 a.m. ET on Wednesday, June 26, 2019.
BlackBerry will hold its Annual Meeting of Shareholders on Monday, June 24, 2019 at 10 a.m. ET in Waterloo, Ontario.
There will be a live audio webcast that can be accessed by registering here. It can also be accessed by dialling 1-855-353-9183 and entering Access code 58660#.
Companies such as Apple, Facebook, Google and Twitter will soon have to pay taxes regardless of their physical presence or measured profits in a country after G20 finance ministers agreed to accelerate a radical shake-up of cross-border corporate tax.
Paying for government services online is to be made easier by allowing people to make payments through Apple Pay and Google Pay.
Coinbase has launched a Visa debit card in the UK, allowing customers to make purchases and cash withdrawals directly from their accounts.
In connection with the acquisition of Cylance, BlackBerry's Board of Directors has approved a grant of performance-based restricted share unit awards (the "Inducement Awards") to Stuart McClure and Ryan Permeh covering up to 3,122,140 and 1,060,049 shares of common stock, respectively.
BlackBerry today reported financial results for the three months ended November 30, 2818, coming in at $0.05 per share, beating Wall Street’s estimates of $0.02 per Share. Revenue for the quarter came in at $226.00 million beating analyst estimates of $215.38 million.
