Tech News

Line Corp Planning Year’s Biggest IPO

Line Corp of Japan is headed for what could turn out to be the biggest initial public offering this year for a technology company as it includes making a major pitch to investors in the US. The company is behind one of the most popular messaging apps in Asia and it plans to go public in mid-to-late July in New…...
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Automotive

Uber Agrees to Settle Suit Amidst Protests

In order to bring an end to a lawsuit filed against the company in California, Uber Technologies Inc. decided to make a settlement worth $25 million. According to prosecutors in San Francisco and Los Angeles, the civil lawsuit accused the ride-sharing firm of misleading customers about the strength and reliability of the background checks carried out by the company for…...
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Facebook

Mark Zuckerberg Had to Apologize for The Actions of Facebook Director

Internet has shown the world that even the greatest people of the world could make huge and silly mistakes. There have been several instances on the internet where some big personality made some seriously offensive comments and then had to apologize. Such a thing has recently happened with Facebook as the director of the world’s biggest social network, Facebook, tweeted…...
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Tech News

EU, US Reach Deal on Data Transfer Agreement

On Tuesday, the US and European negotiators finally agreed to a data pact that should prevent regulators of the European Union from restricting data transfer by internet companies such as Amazon and Google across the Atlantic. The United States and the European Union had been racing to come up with a replacement for the Safe Harbour framework, which was outlawed…...
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Yahoo

Yahoo Board to Decide Future of the Company

This week, a series of meetings have been planned by the Yahoo Inc.’s board to consider selling off the declining internet business of the company and make a decision about what to do with most of the company’s valuable stake in Alibaba Group Holding Ltd, the Chinese e-commerce leader. Sessions will begin from Wednesday onwards and continue through Friday and…...
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Facebook

Facebook to Enable Safety Check More Widely

The largest social network activated its Safety Check tool during the terrorist attacks that occurred in Paris on Friday, which helped a lot of people in assuring their friends and family about their safety. Amidst criticism from other countries, Facebook said that it would activate it more widely. Nevertheless, deciding when to activate the Safety Check feature could push into…...
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Tech News

Qualcomm Continues to Struggle in China

Last week, Qualcomm’s investors got spooked due to the company’s inability to sign deals with some of the biggest handset makers in China and its share price had tumbled on Thursday by 15% before making a 5% recovery on Friday. Two of the biggest smartphone makers in the world, Lenovo Group Ltd. and Xiaomi Corp haven’t made any new patent…...
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Twitter

Twitter Shares Fall Amidst Revenue Concerns

Jack Dorsey, Chief Executive Officer at Twitter Inc. received his first report card on Tuesday and investors weren’t pleased with the results he has gotten. Soft quarterly user growth was reported by the microblogging platform for its social media service and the forecast issued for the holiday season was quite gloomy. This has given rise to concerns about the viability…...
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Tech News

Intel Investing $50 Million in Quantum Computers

Intel Corp has decided to take a break from conventional electronics and instead join the race for the development of Quantum computers aimed at finding solutions to problems that are way beyond the reach of hardware available these days. According to the chip giant, around $50 million will be invested in a 10-year collaboration of the company with an institute…...
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Tech News

Intel Heading $100 Million Investment in Mirantis

Intel Corp is increasing its support for free software, which is aimed at helping companies enjoy the kinds of benefits that are offered by cloud services from Microsoft Corp, Google Inc. or Amazon Inc. On Monday, the big chip maker will announce its lead role in an infusion into Mirantis Inc. worth $100 million. The subscription version of OpenStack, the…...
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