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Google and Facebook may face higher tax bills in Europe as the EU rushed to change rules so that more of Silicon Valleys mega profits fall into public coffers. (photo: AFP)

Tech stocks battered after disappointing Amazon and Alphabet results

The weak results from Amazon and Google parent Alphabet were the latest setback for the high-growth quartet of stocks...

26 Oct 2018 9:59 AM IST

With digital payments being increasingly integrated into social networking sites, allowing buyers and sellers to transact seamlessly, we could see a further lowering of barriers against the adoption of new payment methods, PayPal said.

US tech funds turn to Visa, Paypal as FANGs fade

Visa, for instance, is down 2.9 per cent over the last 3 months, compared with a 30 per cent plunge in Facebook.

25 Oct 2018 7:43 AM IST