Apple’s market capitalisation topped a record of $934 billion on Thursday making the tech giant come at the verge of becoming the first $1 trillion publicly listed US company which might take over Amazon in the coming times. The iPhone maker also witnessed an impetus after Warren Buffet announced the purchase of 75 million additional […]
Amazon just took Alphabet’s 2nd place in the standings of most valuable company in the world while Apple remains topper of the list boasting a valuation of $889 billion. The e-commerce giant rose by 2.7 percent on Tuesday and thus lifted its stock market value to $768 billion and $1,586.51 per share. Parent company […]
Uber’s hard core rival Lyft is seeking an additional cherry on top funding of $500 million, over and above $1 billion it raised in a round led by Alphabet’s venture arm CapitalG last month. This has raised the bar of its valuation to $11.5 billion in comparison to previous $7.5 billion. The funding is not […]
U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd’s $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles. Qualcomm’s board of directors could meet as early as Sunday to review the unsolicited acquisition offer […]
Twitter said on Thursday that it overstated its monthly user numbers since 2014 after accidentally including third-party application’s data in its count. The revelation came when the company reported that its net loss had slowed in the third quarter and that the number of daily active users had risen by 14 per cent. The disclosure, […]
Google will treat its own shopping service the same as rivals when they bid for ads at the top of a search page, the company said on Wednesday, as it seeks to comply with an EU antitrust order and stave off fresh fines.
Facebook has tightened its rules on who can make money from advertising on its network, responding to criticism that it is too simple for providers of fake news and sensational headlines to cash in.
Michael Sayman, a 17-yo joined Facebook Inc. as an intern and soon became a full-time engineer by the time he reached 18. Now this Wunderkind is leaving to join Alphabet’s Google. By the way he is only 21! At Facebook, Sayman joined as a product manager who helped the social media giant to understand how his generation […]
Plenty, the leading field-scale indoor farming company remaking the global food system, announced today a $200 million Series B funding round led by the SoftBank Vision Fund, making it the largest agriculture technology investment in history. Other participants in the round include existing backers such as DCM Ventures and funds that invest on behalf of […]
Uber said its head of finance is leaving, and the privately held ride-hailing company also said that its first-quarter loss narrowed substantially from the prior quarter, putting it on a path toward profitability. Head of finance Gautam Gupta is leaving in July to join another startup in San Francisco, the company said, making Gupta the […]
Flipkart has been named the top employer followed by Amazon and KPMG India in the second and third place respectively, according to a list compiled by internet professional network LinkedIn. Others in the top 10 of LinkedIn Indias most sought- after employers list include One97 Communications at the fourth place, Ola (5th), HCL Technologies (6th), […]
Alphabet’s non-advertising business, which houses its cloud unit, Pixel smartphones and the Play store, has long been sandwiched between Google’s advertising juggernaut and its moonshot ventures that have captured popular imagination. Not any more. The business, categorized as “Other Revenue” in its earnings report, posted a 49.4% jump in revenue to $3.10 billion on Thursday […]