Technology

EBay Inc forecast current-quarter revenue above Wall Street estimates on Wednesday, as the e-commerce company benefited from a surge in online orders with people staying indoors because of the COVID-19 pandemic.

Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, and said it has seen signs of stability in ad spending during the first three weeks of April.

Tesla Inc on Wednesday beat analysts' estimates for first-quarter revenue, as the electric carmaker reported a solid number of deliveries during the period despite disruptions due to the coronavirus outbreak.

Qualcomm Inc on Wednesday beat Wall Street estimates for quarterly revenue and forecast current-quarter sales largely in line with expectations even though several other chipmakers had flagged concerns of a significant hit from the coronavirus outbreak.

Microsoft Corp reported quarterly revenue above Wall Street estimates on Wednesday, powered by another strong performance from its cloud service Azure as the coronavirus outbreak and home sheltering lead to more people working from home.

No company's stock market value has benefited more from the coronavirus pandemic than Amazon.com's.

Several of Amazon.com Inc's foreign websites have been added to the U.S. trade regulator's "Notorious Markets" report on marketplaces known for counterfeiting and piracy concerns.

HBO Max, the upcoming streaming service from AT&T Inc owned WarnerMedia, will be available across Google platforms and devices when it launches on May 27, the company said on Wednesday.

More than half of all Americans either do not own smartphones or would not use apps backed by Alphabet Inc's Google and Apple Inc to trace who has been exposed to the new coronavirus, according to a poll by the Washington Post and University of Maryland released on Wednesday.

Spotify Technology SA's paid music subscribers surged to 130 million in the first quarter, driving shares in the Swedish music streaming firm higher as its business model proved more resilient than expected in the coronavirus lockdowns.

Apple Inc and Alphabet Inc's Google would release two early versions this week of their proposed technology to slow coronavirus spread to select developers for testing purposes, the companies said on Wednesday.

Twitter Inc will grant researchers and software developers access to a real-time data stream of tens of millions of daily public tweets about COVID-19, which they can use to study the spread of the disease or track misinformation, the company said in a blog post on Wednesday.

The U.S. International Trade Commission on Wednesday said it would launch an investigation into says certain portable gaming systems by Nintendo Co Ltd after privately-held Gamevice Inc filed a petition alleging patent infringement.

Nio Inc's shares jumped more than 14% on Wednesday after it said it had secured a 7 billion yuan ($989 million) investment in Nio China, a new entity controlled by the Chinese electric vehicle maker.

Arm Inc, the British firm whose chip technologies power most smart phones, said on Wednesday it was easing fees for startup companies and providing free offerings to an incubator for early-stage chip firms.

When the coronavirus outbreak in China disrupted global smartphone production in February, Samsung looked set to weather the crisis better than most thanks to its limited exposure there and launches of pricey 5G phones. Its fortunes are reversing.

Shares in sensor producer AMS jumped 22% after the Apple supplier gave an upbeat forecast for the current quarter and the remainder of the year, soothing investors who fear a slump in smartphone demand due to the coronavirus crisis.

Shares in Wirecard slumped again on Wednesday as a prominent short seller demanded the sacking of CEO Markus Braun after a special audit of the German payments company was unable to verify its financial statements.

The social media platform TikTok and the philanthropic Gates Foundation donated $10 million each on Wednesday to the vaccine alliance GAVI to help fund efforts to tackle the COVID-19 pandemic in Africa.

Facebook Inc ad sales appear to have ticked up since late March, offering investors reason for optimism even as decimated advertising budgets from the coronavirus are expected to weigh heavily on first-quarter earnings, according to data from firms that track online ads.