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29Jun By NitishNo Comments

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Subway defends on Tuna DNA Controversy

CALIFORNIA, 29TH June 2021: One of the world's leading fast food chain Subway Restaurants defends its tuna products and said it utilizes 100 percent wild tuna, after facing a class-action lawsuit and a New York Times report that claimed testing found no tuna DNA in the restaurant chain’s tuna sandwiches. In its report, Subway said NYT report indicates that DNA testing is an unreliable methodology for identifying processed tuna. This report supports and reflects the position that Subway has taken in relation to a meritless lawsuit filed in California and with respect to DNA testing as a means to identify cooked proteins. DNA testing is simply not a reliable way to identify denatured proteins, like Subway’s tuna, which was cooked before it was tested. Unfortunately, various media outl...

Facebook launches Clubhouse like Podcasts & Live Audio Service

22Jun By AnkitaNo Comments

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Facebook launches Clubhouse like Podcasts & Live Audio Service

San Francisco, CA, 22nd June 2021: Social media network platform Facebook launched podcasts and live audio streams service in US to keep users engaged on its platform and to compete with emerging rivals. Facebook says it is allowing public figures with verified accounts to start live audio rooms and invite anyone else to speak. A handful of podcasts will be available to people in the U.S. at first and the company plans to add more down the line. CEO Mark Zuckerberg, who has appeared on the video streaming app Clubhouse in the past, hosted his own live audio room on his Facebook page last week. “Live Audio Rooms and podcasts rolling out in the US is just the beginning of our audio journey," wrote Fidji Simo, head of the Facebook app, in a blog post. “Looking ahead, we are working ...

14Jun By NitishNo Comments

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Now Anyone can use Google Workspace

MOUNTAIN VIEW, Calif., June 14, 2021-- Google announced a series of updates that build upon its vision to deliver a single, integrated communication and collaboration solution to everyone via Google Workspace. Now, all of the company's three billion-plus existing users across consumer, enterprise, and education have access to the full Google Workspace experience, including Gmail, Chat, Calendar, Drive, Docs, Sheets, Meet and more. Google Workspace is also launching Workspace Individual, a powerful, easy-to-use solution that was built to help individual business owners grow, run, and protect their business. This new subscription offering provides premium capabilities, including smart booking services, professional video meetings and personalized email marketing, with much more...

24Apr By AdityaNo Comments

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Facebook Testing ads on Instagram Reels

California, 04/24/2021: Zuckerberg led Facebook to start testing ads on Instagram Reels, a short video platform worldwide as it looks to help brands better engage with relevant audiences. In July last year, Instagram had unveiled its new format ''Reels'' that allows users to create and share short videos. Reels and other short video platforms have seen strong growth userbase and time spent after some countries having security issues with popular short video making platform TikTok. In a blogpost on Thursday, Facebook said people are discovering and watching video in diverse formats across its family of apps, each offering distinct viewer and ad experiences. "Today, we're announcing new topic targeting options within Facebook In-Stream video, testing of Instagram Reels Ads and o...

23Mar By reutersNo Comments

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WeWork lost $3.2 billion in 2020

(Reuters), 03/23/2021 -WeWork lost $3.2 billion last year, the office-sharing startup disclosed in a presentation shown to prospective investors as part of a pitch for $1 billion in investment and a stock market listing, a person familiar with the matter told Reuters. The company’s losses narrowed from $3.5 billion in 2019 and it plans to go public at a valuation of $9 billion including debt through a merger with a special purpose acquisition company (SPAC), according to a person directly briefed on the presentation that was sent out to existing and potential new investors. A SPAC is a shell company that raises funds in an IPO with the aim of acquiring a private company, which then becomes public as result of the merger. Reuters reported in January that WeWork was in talks to go ...

TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

3Mar By PriyankaNo Comments

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TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

CHICAGO, 3rd March 2021-- US-based law firms will receive a $92 million proposed class action settlement on behalf of users of the TikTok app. The settlement, if approved by the court, would resolve claims that the social media company wrongfully collected its users’ biometric information and private data, and disclosed that information to third parties. In addition to creating a monetary fund for TikTok users, the settlement requires that TikTok initiate a new privacy compliance training program and take other steps to protect its users’ privacy going forward. TikTok is a video-sharing social network that has denied any privacy violations, the class action lawsuit contended that the app collects and discloses personal data in violation of the Illinois Biometric Information Priv...

19Feb By AnkitaNo Comments

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Facebook blocks News Sharing in Australia

Canberra, Feb 19th, 2021: Social media giant Facebook blocked Australians from sharing news on its social media after the Australian govt move to make a law to pay for news. A move by facebook criticized by a Australian minister who called it “an assault on a sovereign nation” and abuse of power. Australia's government condemned the decision, which also prevented some government communications, including messages about emergency services, as well as some commercial pages. The digital platforms fear that what's happening in Australia will become an expensive precedent that larger countries will follow. Facebook took drastic action because the House of Representatives passed legislation that would make Facebook and Google pay for Australian journalism, said Treasurer Josh Frydenb...

16Feb By reutersNo Comments

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Adidas plans to sell Reebok Brand

BERLIN, Feb 16, 2021 (Reuters) - German sportswear maker Adidas plans to sell or spin-off its underperforming Reebok brand, 15 years after it bought the U.S. fitness label to help compete with arch-rival Nike Inc. Adidas said on Tuesday it had decided to begin a formal process aimed at divesting Reebok as part of a five-year strategy it plans to present on March 10, when the company will also publish 2020 results. It will report Reebok as a discontinued operation from the first quarter of 2021. A banking source said the business could be worth around 1 billion euros ($1.2 billion). "Reebok and Adidas will be able to significantly better realize their growth potential independently of each other," Chief Executive Kasper Rorsted said in a statement . The company bought Boston-ba...

Tunedly Pens A Global Administration Deal with Spirit Music Group

6Feb By PriyankaNo Comments

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Tunedly Pens A Global Administration Deal with Spirit Music Group

New York, Feb 6th, 2021: Tunedly, a spearheading online music production and publishing resource that has supported over 1,000 artists and 5,500 projects internationally since launching in 2015, has inked a global administration deal with Spirit Music Group. Branded as one of the world’s leading independent music publishers, Spirit Music Group is offering Tunedly full music catalog administration within this new partnership, unlocking a new level of growth opportunities for independent songwriters and music creators on a global scale. About Tunedly Tunedly is a musician and music manager owned online music recording studio that has created a reputable foundation for itself within the industry. From 2015 to now, they have and still are, optimally servicing individuals of eve...

Jeff Bezos will step down as CEO of Amazon

3Feb By AnkitaNo Comments

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Jeff Bezos will step down as CEO of Amazon

New York, Feb 3, 2021: World's leading eCommerce platform Amazon.com Founder & CEO Jeff Bezos will step down later this year as CEO to become executive chairman. Acted as a CEO for 30 years Bezos will be replaced by Andy Jassy, who runs Amazon's cloud-computing business. Under the leadership of Andy Jassy Amaozn cloud-computing business powers video-streaming site Netflix and many other companies, and it has become Amazon's most profitable business. In a blog post to employees, 57-year-old Bezos said, he planned to focus on side projects, including his space exploration company Blue Origin, his philanthropic initiatives, and overseeing The Washington Post, which he owns. “Jeff is really not going anywhere," Amazon's Chief Financial Officer Brian Olsavsky said in a call wit...

Australian PM says Bing could replace Google

1Feb By AnkitaNo Comments

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Australian PM says Bing could replace Google

Canberra, Feb 1, 2021: (AP) The Australian prime minister said that Microsoft was confident that it could fill the void if Google carried out its threat to remove its search engine from Australia. A Google executive told a Senate hearing last month that it would likely make its search engine unavailable in Australia if the government went ahead with plans to make tech giants pay for news content. Prime Minister Scott Morrison said he had since spoken to Microsoft chief executive Satya Nadella about its search engine Bing filling the space. “I can tell you, Microsoft''s pretty confident” that Australians would not be worse off, Morrison told the National Press Club of Australia. “These are big technology companies and what's important to Australia, I think, is that we set the r...

Billionaire Mark Cuban Launches Generic Drug Company Cost Plus

25Jan By AdityaNo Comments

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Billionaire Mark Cuban Launches Generic Drug Company Cost Plus

Entrepreneur & Investor Mark Cuban has launched a low cost generic drug company called the Mark Cuban Cost Plus Drug Company. According to the company, its first product which is Albendazole, an antiparasitic drug that currently has a market price of approximately $225 per tablet is going to cost only $20 per tablet in retail price. The Mark Cuban Cost Plus Drug Company will make and distribute the Albendazole drug approximately $13.00 per tablet added with 15% profit margin. So the final cost for a wholesale price to pharmacies, clinics, hospitals, etc will be $15 per tablet. "Our low cost albendazole product allows physicians to affordably treat hookworm outbreaks throughout America that were previously too expensive to treat systemically before.", the company sai...