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![]() by AFP Staff Writers San Francisco (AFP) May 5, 2021
Facebook's Workplace business software has grown by about 40 percent in a year to reach seven million paying subscribers as the pandemic accelerated a remote work trend, the company said Tuesday. The service, which companies can use as an internal social network to communicate with employees, still trails behind top rivals like Teams which Microsoft says now has some 145 million daily active users. Facebook said it has notched up some big users like Starbucks coffee chain and the World Health Organization. "We built Workplace as an internal version of Facebook to run our own company, and it was so useful we started letting other organizations use it too," Facebook chief Mark Zuckerberg said in a post. From about a year ago the number of paid subscribers has grown by 40 percent, he added. As the pandemic closed offices due to health risks, companies shifted to having employees tend to jobs online when possible. Use of video and collaboration platforms hosted by companies including Zoom, Slack, Microsoft, and Google rocketed. As some firms plot returns to office life, it is likely that "hybrid" work models that mix remote and on-site work will become a norm at businesses. gc/jm
![]() ![]() Verizon to sell Yahoo, AOL for $5 bn to private equity firm Washington (AFP) May 3, 2021 Verizon announced Monday it was selling faded internet stars Yahoo and AOL to a private equity firm for $5 billion, ending the online media ambitions of the telecoms giant. The deal with Apollo Global Management also includes the entire Verizon Media unit, including the advertising tech operations of the two brands. Verizon will retain a 10 percent stake in the company, which will be known as Yahoo going forward and will continue to be led by chief executive Guru Gowrappan, the company said in a ... read more
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