It is the year 2018 and there is an ever-growing segment of the market that will be looking to get into the corner.In the last 12 months, the number of corner-related businesses has more than doubled to more than 1,300 and now the business of selling and buying goods and services in the corner has become a major business in the town.This sector is growing rapidly.According to the World Bank, the c...
Microsoft is the biggest loser from the election of Donald Trump.
The tech giant lost about $200 billion after Trump’s victory in November.
The company’s stock fell as much as 8 percent on Tuesday.
Microsoft shares were down about 4.5 percent in after-hours trading on Tuesday after the company reported a quarterly loss.
Microsoft, whose shares fell more than 15 percent last week, reported an operating loss of $8.3 billion for the third quarter.
The loss is a big blow for the company, which has been facing challenges in markets including China and Europe.
Microsoft CEO Satya Nadella said on Tuesday that the company expects its revenue to fall for the quarter.
“The market is moving to the right, and we’re seeing a strong trend to that direction,” Nadell said on CNBC’s “Squawk Box.”
“Our earnings are coming down as we have to compete with that.”
Microsoft also reported a loss of about $10 billion on its $16.9 billion purchase of cloud computing startup Azure.
Microsoft bought the company in December for $7.9 million in cash.
The deal has helped Microsoft boost revenue and revenue growth for the firm, which also is the parent company of Microsoft Office and Windows.
Microsoft is working to integrate Azure into its Windows 10 operating system, which is expected to become the company’s biggest platform ever.
Microsoft’s revenue fell by about $5 billion during the third-quarter, but the company is expected for its fourth-quarter results to show a boost to revenue.
The Microsoft stock fell about 1.7 percent on Wednesday after its shares fell nearly 9 percent on Monday.