Silicon Valley

Why tech companies like Tesla and Oracle moving their HQs to Texas?

Oracle and Tesla have announced they will be moving their headquarters to Texas from the Silicon Valley area in California in light of recent events. HPE, the subsidiary of a world-renowned and one of the oldest companies in Silicon Valley, HP, looks like another big...

Lyft’s business is gradually recovering from the effects of Covid-19

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, but the revenue is still half of what it was last year.  The ridesharing company has reported $499.7...

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 shares have surged...

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 much about...

Toyota invests $400 million in Pony.ai for Level 4 autonomous cars

Pony.ai, an autonomous driving startup based in China, has received a total of $462 million in the latest funding round, led by Toyota Motor Corporation. The largest Japanese automaker has funded $400 million into Pony.ai, followed by Sequoia, KUNLUN, IDG Captial, and ClearVue Partners. The...

Snap announces the third cohort of Yellow Accelerator Program

Snap Inc, the parent company of Snapchat, has launched the third cohort of its Yellow accelerator program. The program, debuted in 2018, was started to bring in creative minds and entrepreneurs to build great media companies for the next generation.  The main aim of...

Apple’s stock predicted to shoot up by $100 in 2020, venture capitalist Gene Munster says

Apple's stock market worth will have a significant rise in 2020, a groundbreaking prediction made by the tech analyst and venture capitalist Gene Munster. According to Munster, the prediction is based on fundamental and multiple factors. By analyzing the closing stock market worth of Apple...

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,...

Asana, founded by Facebook co-founder, may go public next year

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,...

$4 billion cash acquisition deal between PayPal and Honey

Online payments and money transfer platform PayPal Holdings, Inc has made an agreement with Honey Science Corp, a company that owned Chrome extension honey which helps find the best deals, coupons, and rewards while you are doing online shopping and apply the maximum...

Latest News

Government of the UK has approved and authorized the new Covid-19 vaccine introduced by the collaboration of the University of Oxford and AstraZeneca, a global biopharmaceutical company. The approval came...