Business| Startup | TECH
Minority shareholders are suing WeWork officials, including former Chief Executive Officer and co-founder Adam Neumann. Their aim is to recoup some of their losses that were incurred when the initial public offering was pulled by the shared workspace provider, causing the value to plunge in excess of 87%. The proposed […]
Alphabet Inc., the parent company of Google, has made an offer to acquire Fitbit Inc., the US-based wearable device maker. The company is eyeing to get a piece of the crowded market for smartwatches and fitness trackers. Currently, there are no wearable offerings to be found in the market which […]
The European Commission has accused Facebook and other social media platforms of providing a misleading picture about their efforts of removing fake accounts that spread politically motivated disinformation. Julian King, the security commissioner had received the self-assessment reports published by the websites and stated that there was a ‘disconnect’ between […]
There was a 4% decline in Alphabet’s share price in after hours trading after the company posted its earnings of the third quarter of 2019. The report shows that it missed analyst expectations as its earnings amounted to $10.12 per share. Google’s parent company suffered from a decline in profits […]
The days-long feud between Facebook and Senator Elizabeth Warren intensified over the weekend as the latter openly accused the social media giant of taking money for promoting lies. A leading Democratic candidate for 2020, Warren has taken aim at the company concerning its role in spreading disinformation against herself and other candidates. […]
The fastest growing form of criminal activity in today’s digital transformation is none other than cybercrime. According to Accenture, it is going to cost businesses approximately $5.2 trillion worldwide in the next five years, which is undoubtedly worrying for modern executives. Small businesses have become the favorite target of most high-tech […]
In an email sent out by Uber’s CEO Dara Khosrowshahi to the company’s employees, it was announced that they had entered their third and final phase of laying off employees. The process was initiated by the company earlier this year and it has just laid off 350 people across a number of […]
An unprecedented array of risks is being navigated by American companies that are doing business in China, from the trade war to slowing growth and pro-democracy protests ongoing in Hong Kong. Despite the risks, the companies are continuing to push deeper into the huge Chinese market. In recent weeks, a handful […]
British based banking and digital payments group, Revolut is trying to raise $1.5 billion (£1.2bn) from its investors as part of its aim to become one of the most highly-prized fintech companies in the world. According to Sky News, the company has hired the investment bank JP Morgan for orchestrating two things; issuing a […]
There is no doubt that 5G has become a buzzword nowadays, but it is reckless and a mistake to believe the notion that countries need to rush to deploy it. Doing so can actually increase the chances of security breaches. 5G is important; there is no denying this fact as […]
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