PayPal was the only company noticeably absent at the recently held Libra Association meeting. The payment giant is reportedly planning to quit Facebook’s project to keep its hands clean of regulatory dirt.
Facebook has yet again released another Snapchat copycat app. Another one of many attempts and amidst its antitrust case with the FTC, this one has affected Snapchat noticeably, causing a drop in SNAP stock.
The electric scooter start-up, Bird, has acquired $275 million in Series D funding round led by CDPQ and Sequoia Capital at a valuation of $2.5 billion with the company aiming to improve its unit economics.
Mobile digital advertising startup IronSource raises over $400 million from investment powerhouse CVC Capital Partners. The firm is now valued at slightly over $1 Billion.
Apple’s Tim Cook has snubbed-off any plans to launch any cryptocurrency. He said that currency matters best belong to government and regulators and private organizations should stay away from it.
Taboola and Outbrain are finally coming together in a cash-equity deal under the Taboola brand. The deal, announced today, will give Outbrain’s shareholders $250 million along with 30% ownership in Taboola.
Gold continues to be the safe haven for global investors when it comes to parking their money in secure assets. Bitcoin, on the other hand, has failed to win the trust of big investors at this stage.
Recently Uber, the ride-hailing company, announced that the Uber Copter helicopter taxis in JFK airport are now available for everyone’s use. Previously the service was only for premium members.
Microsoft unveiled its next generation of Surface devices including the dual-screen Surface Neo tablet and the Microsoft Surface Duo, a smaller device that seems to be for all intents and purposes a new Microsoft foldable phone.
The Libra Association mentions four key milestone to be achieved before the mainnet launch. The focus is to get at least 100 partners working as operating nodes on the Libra network.
Microsoft announced a new Android-based foldable smartphone, a foldable laptop running Windows 10X, earbuds and other offerings – all within its Surface line of devices.
Samsung has ended mobile telephone production in China hurt by competition from domestic rivals in the world’s biggest smartphone market.The shutdown of last China phone factory comes after it cut production in the last two factories.
Just recently, Amazon held an event where the e-commerce giant announced 80 new products. With their massive event, Amazon is trying to even out the hardware market which is controlled by Apple, Microsoft, and Google.
Jeff Bezos still tops Forbes list of the 400 richest people in America even after giving away $38 billion worth of shares to his wife McKenzie in divorce settlements. He still owns about 12% of Amazon.
Charles Schwab will be eliminating its online trading commissions for U.S. stocks, ETFs starting on October 7. The move slashed Schwab stock by 9.7%.