Bloomberg Shale explorers parked more drilling rigs in the US this week as stagnant oil prices push the industry to extend a historic retrenchment. The number of active oil rigs in US fields fell by 4 to 172, according to Baker Hughes data. That’s the lowest level of activity since 2005, before the shale boom kicked off. The worst may …

Bloomberg Facebook Inc joined a growing list of developers to publicly criticise Apple Inc over its revenue-sharing policy for in-app purchases, suggesting the iPhone maker’s fee structure is hurting small businesses during a global pandemic. The social network rolled out a paid events feature in 20 countries, offering businesses the ability to charge users for access to live video streams, …

Bloomberg Facebook Inc is beginning to merge the chat function of its Instagram and Messenger services, the Verge reported. The changes are coming with an update of the company’s apps on Apple Inc’s devices as well as Android devices, said the Verge, citing reports from users. Once updated, the Instagram app embeds Messenger functionality, and adds more emojis and features …