Founded back in 1975 by Bill Gates and Paul Allen, Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington.
It develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services.
Being famous for its software products like the Microsoft Windows line of operating systems, Microsoft Office suite, Internet Explorer and Edge web browsers and Microsoft Azure, now American giant places strong focus on development of the new blockchain-based and IoT solutions.
Company’s most prominent blockchain-based solution called Azure Blockchain Workbench provides the scaffolding for an end-to-end blockchain application, while Azure IoT Hub allows for connection, monitoring and managing of billions of IoT assets.
The past several weeks have been chaotic everywhere in the world as the coronavirus outbreak threatens economies in both the West and the East. McKinsey explained what new challenges businesses have today.
Microsoft (MSFT) stock rose by over 6% yesterday after the company announced it had acquired Affirmed Networks to deliver new opportunities for a global 5G ecosystem. The FAANG stocks were on the winning side with a surge of 5% on average.
U.S. stock market led by the Dow futures turned positive despite the negative data on jobless claims that shot to historic figures of more than 3 million. The number of jobless claims even surpassed the Great Recession peak of about 695,000.
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