Business

Elon Musk qualifies for an unprecedented $2.1 billion stocks

Elon Musk, the CEO of Tesla, successfully made it to unprecedented heights by qualifying for $2.1 billion in stocks. As the company decided to lower the price of the Tesla Model 3 electric car, the sales have increased tremendously. Tesla's...

VMWare acquiring network security firm Lastline

VMware, a well known American publicly traded software company, has announced its intent to acquire Lastline, an anti-malware cybersecurity company, for research and to yield innovative security capabilities. The deal will close by July 31, and the startup has not disclosed...

Google and Facebook to pay Australian media companies for using content

Australia is in the process of forcing Google and Facebook, the digital giants, to pay local media companies for using their news content. The Federal Government has asked the Australian Competition and Consumer Commission - ACCC to develop a code of...

Amazon slashes commission rates for affiliate program

Amazon announced it is reducing the commission percentage for its affiliate program starting April 21. The company recently sent an email to Amazon Associates Program members - one of the largest affiliate networks in the world, informing them about the new change. 

Why is COVID-19 the best time to use social media for business?

Social media is like magic carpet stories that used to fascinate us in childhood. But now, with the advancement in technology, it has revolutionized the way businesses advertise themselves. With a global lockdown due to COVID-19 pandemic right now, people are...

Facebook to hire 10,000 new employees in 2020: Sheryl Sandberg

Facebook is expecting to hire 10,000 workers, by the end of 2020, for its product and engineering department. It is unclear at this time that how many new hires will join as full-time or the number include contractors. With the...

Tesla reports best first quarter (Q1 2020) ever with 88,400 electric vehicles delivered

Tesla, an electric car artificer, has managed to beat delivery expectations, of many analysts who predicted lower quarterly sales, by selling approximately 88,400 cars in the first quarter of 2020. Navigating the analyst's prediction wrong, Tesla successfully produced 102,672 vehicles...

Apple acquired Dark Sky weather app, set to remove from Play Store by July 1

Dark Sky, a popular hyperlocal weather app and data collection service, has joined Apple to reach far more people with far more impact than ever thought. Dark Sky is one of the most accurate information sources of hyperlocal weather information providing...

Airbnb extends refund policy for guests, supporting hosts with $250m fund

Airbnb stretches the window for guests, allowing them a full refund on the reservations knocked by COVID-19 pandemic, till the end of May. Moreover, the company pledged $250 million for its hosts to ease the pain of cancellations. Hosts will now...

Facebook says ads revenue is weakening due to COVID-19 outbreak

Facebook said it had seen its ads business weakening with the outbreak of COVID-19 coronavirus, which accounts for nearly all of its revenue, despite more people are using its social platforms during the lockdown. The services which are seeing a surge,...

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