Airbnb Inc has suspended all its
marketing activities to save $800 million this year, and its
founders will take no salary for the next six months while top
executives will take a 50% cut, according to a person familiar
with the matter.
Microsoft Corp on Friday said
it would sell its stake in AnyVision, an Israeli facial
recognition startup, and said it no longer would make minority
investments in companies that sell the controversial technology.
South Africa's National
Treasury said on Friday that Moody's sovereign downgrade to
"junk" status would add to prevailing financial market stress
but that it was difficult to say with certainty what the extent
of the impact would be.