Business
All the latest news from the world of e-commerce, IPOs, acquisitions and latest trends from the world of the tech business.
Facebook
Facebook acquires PlayGiga to jump into cloud gaming
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Facebook has acquired PlayGiga, a startup focused on cloud video games, as reported by CNBC. PlayGiga has one of the advanced video game streaming platforms in Europe. PlayGiga, based in the Spanish city of Madrid, has been working on online and cloud-based gaming since...
Business
Uber likely to sell UberEats’ India to Zomato for $400 million
Uber is reportedly selling its delivery service UberEats India business to local competitor Zomato. The company can sell its food delivery app business at around $400 million, and Uber may invest $150 - $200 million further as part of the deal. Earlier this month, founder and...
Startups
Apple acquired image processing startup Spectral Edge
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Apple has acquired Spectral Edge, a startup with technology that improves photos taken on smartphones. According to a report by Bloomberg, the startup based in Cambridge, UK, has made some filings public on Thursday, which shows Apple has acquired the company. Peter Ronald Denwood is made their...
Startups
Apple is suing its former lead chip designer for founding a startup
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Apple is suing former employee Gerard Williams for allegedly breaching terms of his employment contract and loyalty. Gerard Williams is the former chief architect of iPhone and iPad chips (A-series chips). Due to engaging in activities that are related to Apple's chipmaking business,...
Startups
WeWork’s CTO is leaving the company
WeWork’s Chief Technology Officer Shiva Rajaraman has decided to step aside from his designation. He will remain in office for three months transition period, reported by Business Insider. Shiva Rajaraman joined WeWork in 2017 and lead the technology team, with various responsibilities including engineering,...
Startups
Asana, founded by Facebook co-founder, may go public next year
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Asana, a team management app founded in 2008, is planning a direct listing as it aims to go public next year, according to a report by Miles Kruppa on Financial Times. It was founded by Dustin Moskovitz, who co-founded Facebook with Mark Zuckerberg while at Harvard,...
Gaming
Counter Strike champs ‘Astralis’ going for first ever esports team IPO
Astralis, one of the leading esports brand and the world's number one Counter-Strike: Global Offensive team is all set to become the first publicly listed esports company. The team has won millions of dollars in the form of tournament prizes. Now operating as a media company, Astralis...
Twitter
Twitter’s Jack Dorsey will spend 3 to 6 months of 2020 in Africa
In his recent tweet Jack Dorsey, CEO of Twitter and the financial services provider company Square, who was in Africa has expressed his nostalgia by saying he is sad about leaving Africa, and he will be back in the mid of next year...
Startups
Clothing startup Vinted receives $140 million in funding at $1 billion valuation
The second-hand clothes marketplace 'Vinted' has raised $140 million in Series-E at a value of over $1 billion. Founded and headquartered out of Vilnius, Lithuania, this used clothing startup is the first tech unicorn popping from the tiny east European country. The second-hand...
China
TikTok suspends teen’s account for criticizing China
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TikTok has suspended an account of a teenager Feroza (username: getmefamouspartthree), who posted a series of viral videos attacking China on Uighur Muslims. The videos start as eye-makeup tutorials, to avoid being moderated, but later persuade people and countries to raise voice against...
Latest News
In an era dominated by technological advancements, the ethical implications of programming racial biases have come to the forefront of societal discourse. This is even more true for AI image...