Business

Google acquired Fitbit for $2.1b

Google parent company ALPHABET is to buy smartwatch maker Fitbit for $2.1 billion. In a blog post released by Google SVP of Devices & Services Rick Osterloh said that the acquisition of Fitbit is "an opportunity to invest even more in Wear OS...

AmazonFresh is Free for Amazon Prime Members now

Amazon has a piece of great news for its Prime Members, that it will no longer charge a fee of $14.99 monthly for using Amazon Fresh delivery services. In a press release, today Amazon announced that if you pay $12.99 a month (or...

Google’s third-quarter earnings

Google's parent company Alphabet reports its third-quarter earnings today, according to which expectations of earnings per share were missed, but still, it was in line with what investors expected. The stock (GOOG, GOOGL) fell around 2% after the company reported earnings and that it...

Sequoia Capital founder Don Valentine Dies at 87

Donald T. Valentine the founder of Sequoia Capital died in his home in Woodside, California at the age of 87 of natural causes. As a tribute to Valentine, Sequoia posted calling him as “one of a generation of leaders who forged Silicon Valley.” He gave...

Indian Startups have raised $11.3B this year; a record

With two months left in 2019, Indian tech startups are already having a great year as a record amount of $11.3B has flown into the local ecosystem of the country, as reported by TechCrunch.  This is the first time that Indian startups have raised...

SoftBank to take charge of WeWork

WeWork, an American commercial real estate company that provides shared workspaces for technology startups, founded in 2010. Eventually, after the ouster of its Co-founder Adam Neumann, the company lost its valuation from heft $47 billion to $7.5 billion, as reported by CNBC. WeWork...

Facebook Libra project is coming up with other cryptocurrency ideas

There is a raised possibility that Facebook could use cryptocurrencies based on national currencies, to bring its long-awaited Libra project into the action. In the wake of growing skepticism about its digital currency, David Marcus, the Head of Libra project for Facebook stated,  “Instead of...

Canva now valued at $3.2 billion after $85 million fundraise

Canva is now valued at $3.2 billion after an $85 million fundraise by Mary Meeker’s venture capital firm joined by General Catalyst, Bessemer Venture Partners, Blackbird, and Sequoia China. It is an eye-popping new valuation as the amount has dramatically increased from  $2.5 billion...

Huawei reports 24.4% Q3’s sales gain despite US sanctions

Huawei, a multinational technology company dealing in telecommunications equipment and sells consumer electronics, including smartphones, has released its revenue report for Q3 2019 today. It is a leading smartphone brand that surpassed Apple in Q2 2018 and ranked in 2nd position after Samsung. Huawei...

AI-based health startup Healx raises $56M

Healx, a UK-based biotechnology startup, has secured a $56 million in Series B funding to combat rare diseases using AI as reported by Bloomberg. This funding round was headed by Atomico, an investment company led by Swedish billionaire and founder of Skype Niklas...

Latest News

Samsung has expanded the rollout of Android 12-based One UI 4 to the Galaxy Note 20, Galaxy S20 and Galaxy Z Fold 2 phones. The rollout arrives on the back...