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Successful IPOs of 2020 – Airbnb and DoorDash witnesses a kickstart
Both companies had their IPOs recently.
Airbnb’s IPO took off for the first time on Thursday, December 10, and it has been a massive kickstart! This is the start of their trading journey, and the famous…
Salesforce is acquiring Slack for $27.7 billion, set to take on Microsoft
Slack went public last year.
Salesforce Inc is all set to acquire the workplace messaging software Slack, the CRM famed company announced on Tuesday. The step would merge both companies into a single tech giant…
BuzzFeed acquires HuffPost from Verizon Media
Verizon will get a minority stake in return.
HuffPost and BuzzFeed have stuck a stock deal. Under the arrangement, the American news aggregator – HuffPost, owned by Verizon Media – will now become part of BuzzFeed, The Wall…
Lyft’s business is gradually recovering from the effects of Covid-19
An increase of 47% in revenue from Q2 of 2020 but still a downfall of 44% from Q3 …
Lyft released its financial results for the third quarter of 2020 on Tuesday, beating analyst’s expectations. Recovery has been observed in the San Francisco-based ride-hailing company’s sales from pre-pandemic days,…
Apple suspends business with Pegatron due to labor violations
The Taiwanese supplier will not receive any new business from Apple.
Apple freezes new business for Pegatron – the second-largest iPhone manufacturer based in China – after discovering the labor law’s violation concerning the student worker’s program. As announced by Apple…
TikTok and Sony Music sign the most awaited licensing deal
TikTok users granted access to the Sony Music collection.
TikTok has signed a licensing deal with the world’s second-largest music company Sony Music Entertainment. The deal’s requisites include that Sony Music will grant the TikTok community access to the…
PayPal and Venmo to accept Bitcoin and other cryptocurrencies
Cryptocurrencies and Bitcoin are gaining wider acceptance.
PayPal announces that it has been granted a conditional Bitlicense, the first of its kind, by the New York State Department of Financial Services. The new license will allow PayPal…
VSPN Esports raised $100 million in funding lead by Tencent
Esports is on roll.
VSPN, Versus Programming Network, a Chinese eSports startup company, announces that it has raised $100m in its series B funding round. The funding round was led by Tencent Holdings, followed…
Epic Games latest arguments on antitrust issues with Apple
The feud between the two tech giants continues.
Epic Games, the company behind the widely played game Fortnite, uses another court filing to get back at Apple. Epic continues to maintain its focus on antitrust laws and claims…
US Places Restrictions on Chinese biggest chipmaker SMIC
Another company adds up to the list of restrictions.
The US places restrictions on China’s biggest chipmaker, SMIC. The Semiconductor Manufacturing International Corporation (SMIC) might no longer be able to import technology from the US it uses for manufacturing…