Author: Tapiwa Matthew Mutisi

As some subreddits continue blackouts to protest Reddit’s plans to charge high prices for its API, Reddit has informed the moderators of those subreddits that it has plans to replace resistant moderation teams to keep spaces “open and accessible to users.” In a comment shared by r/Apple moderator @aaronp613, Reddit cited its…

UK antitrust regulators cleared Amazon’s purchase of robot vacuum maker iRobot on Friday, but the $1.7 billion deal still faces scrutiny in the United States and Europe. The Competition and Markets Authority said it decided not to escalate its initial investigation because it concluded that the deal would not result in…

It never rains but pours for Telkom, as it wallows in deep financial trouble. Its net debt increased by 19.3%, free cash flow declined by 30.9%, and net debt to EBITDA increased from 1.2 to 1.8. In a recent internal memo, Telkom CFO Dirk Reyneke also warned staff that the company…

Users have been seeking out new social media alternatives since Elon Musk acquired control of Twitter and fired thousands of employees, among other radical changes he made to the company and the platform itself. Now that Musk has also started implementing the policy of not promoting any alternative social media platforms on…

The rising cost of living coupled with more hours of load-shedding and high unemployment has led many consumers to terminate their pay TV subscriptions while others are downgrading to more affordable packages. This week MultiChoice said it lost more than 100,000 subscribers at the end of March, adding that customers are more…

The billionaire Elon Musk is back at it with his Twitter antics, and this time claiming he’s hiring a VP of Witchcraft and Propaganda at the social media company. In a sarcastic Tweet, Musk claimed that he was hiring for the position in a post that’s been viewed over 37…

Stripe, a financial infrastructure platform for businesses, announced a new charge card program for Stripe Issuing, Stripe’s commercial card issuing product. With the addition of charge cards, fintech, and platforms can create and distribute virtual or physical charge cards that allow their customers to spend on credit rather than the…

Digital payments giant Stripe is back in the buying market with the acquisition of a small San Francisco-based coding analytics startup for engineering teams Okay Software Inc. with only seven employees for an undisclosed sum. Founded in 2019 by Antoine Boulanger (CEO) and Tomas Barreto (CTO), Okay provides analytics and reporting software…

Two experienced operators in the African tech ecosystem, Seni Sulyman (CEO), and Kayode Oyewole, with $850,000 pre-seed funding, have partnered to launch Talstack, a subscription-based talent management platform that enables companies to identify learning gaps or growth areas and upskill their employees with tools and courses from Africa’s best operators.…

Former MTN SA CEO Godfrey Motsa has joined the board of rival operator Cell C as the company looks to push its growth and steady investor confidence. On Wednesday, SA’s fourth largest mobile operator whose largest shareholder is JSE-listed Blue Label Telecoms said it also appointed another industry heavyweight, Maya…

South Africa’s third-biggest mobile operator Telkom warned it wouldn’t pay dividends for a fourth year, believing it prudent to first strengthen its balance sheet after suffering an annual loss of about two-thirds of its market value. Telkom, valued at about R15.7 billion on the JSE, reported a R10 billion loss…

MTN Group recently hinted strongly that it could be interested in returning to discussions to buy the partially state-owned telecommunications operator Telkom. MTN issued a statement, on the same morning that the country’s third-biggest mobile operator Telkom published its annual financial results for the 12 months to end-March, reporting a major loss,…

South Africa’s third-largest mobile network operator Telkom says that almost 1,200 employees have accepted its voluntary retirement or severance packages as it continues to restructure its business. The group recently posted a massive R10 billion loss in its latest annual results, driven by impairments and other investment costs. Telkom’s business…

Cell C has appointed former Vodacom Executive Jorge Mendes as its new Chief Executive Officer (CEO), effective 1 July 2023. Mendes be replacing Douglas Craige Stevenson, who stepped down from SA’s fourth largest and struggling mobile operator in March 2023 after a three-and-a-half-year stint. News of Mendes’s appointment comes a…

Swedish AP Automation and Global Payments Software, Medius is set to acquire Expensya that provides expense management tools for about 6000 businesses both startups and big corporations in Europe for an undisclosed amount. The Tunisian startup allows companies to free themselves from low value-added tasks, making them more agile and…

A widespread Reddit blackout affecting some of the site’s largest communities has continued into its third day with no signs of stopping, as a number of groups on the site vowed to remain closed off indefinitely to protest changes to the platform’s data policies. As of Wednesday morning, more than 6,000 subreddits remained…

The Federal Trade Commission (FTC) asked a court to temporarily block Microsoft’s acquisition of Activision Blizzard, seeking to halt the deal from closing before the government’s case against the $69bn deal is heard. The FTC said Microsoft and Activision had signaled the deal could close as soon as Friday, and asked a federal…

As expected, Multichoice had previously alerted its shareholders to prepare for a substantial financial loss in its year-end results for the period ending on March 31, 2023. These anticipated losses have now been officially announced. The Multimedia Group has reported its annual financial results, recording a loss of R2.92 billion…

Twitter’s Co-founder Jack Dorsey in an interview with Breaking Points says that India threatened to shut Twitter down unless it complied with orders to restrict accounts critical of the government’s handling of farmer protests, the social media platform’s, an accusation Narendra Modi’s government called an “outright lie“. Dorsey, who quit as…

Netlix, a dominant force in the streaming video landscape, is making a significant step into the realm of live sports content, and it’s first live-streamed sporting event could be coming this fall. While the company has gotten positive feedback for its compelling documentary-style sports series such as “Drive to Survive” and…