Tuesday, March 19

Search Results for: alphabet inc

Flipkart Sell 75% stake to Walmart for $15 Billion

Flipkart, the Indian e-commerce giant came to terms with American brick-and-mortar mammoth, Walmart, to sell an equity stake of about 75% for $15 billion, according to a report from Bloomberg which cited anonymous sources. SoftBank, the Japanese multinational conglomerate holding company that holds 20% stake in the e-commerce business agreed to sell its shares of […]

Uber Sells its Southeast Asia Operations to Grab

Ride-hailing company Uber Technologies Inc came to terms with bigger regional rival Grab to sell its Southeast Asian business operations, both firms said in a statement released today. The deal now puts pressure on Alphabet Inc’s Google and China’s Tencent Holdings Ltd who both support Indonesia’s Go-Jek. The deal between Uber and Grab is Southeast […]

Google Announces Ban on Cryptocurrency Ads

Google announced a ban on online advertisements sponsoring cryptocurrencies and initial coin offerings as from June, this new policy forms part of a major crackdown on the promotion of a new type of high-risk financial products. Alphabet Inc., Google’s parent company announced yesterday night the decision of updating its current ad policy stating the search […]

Dropbox Drops Valuation by $2.5 Bn Ahead of IPO

Dropbox, the file storage company, set proposed terms for its initial public offering. The company’s IPO owns 36 million shares on offer, 5.4 million as underwriter green-shoe offering, a $16-$18 per-share price range, a maximum initial sale of $648 million and a fully-cocked $745.2 million bill including the green-shoe shares. This puts the valuation of […]

World’s Richest People Lost a Combined 107 Billion in a Week!

It must have been a nightmare week for some of the world’s richest people. Especially Mark Zuckerberg since he endured the biggest fall after losing $3.2 billion as large cap stocks disappointed for a forth-consecutive day. The losses of Facebook Inc.’s CEO tops those of Spain’s Amancio Ortega and Mexico’s Carlos Slim who both became poorer […]

How Tencent Becomes a Bigger Social Media Platform than Facebook

Chinese internet giant Tencent Holdings has left Facebook Inc behind it and has become the world’s most valuable social network company. Tencent is the company behind China’s popular WeChat messenger and is the first company in China to be worth more than $540 billion. Tencent is right now sitting on an advertising goldmine and just […]

Competition Commission of India Imposes Rs 136 Crore Fine on Search Giant Google

Competition Commission, the statutory body of India, has imposed a fine of Rs 136 crore (around $ 21.1 million) after finding it guilty of abusing its dominant position in India. The amount of penalty charges is equivalent to about 5 percent of Google’s revenue from India.   What is the case all about? The case […]

Amazon Posts Largest Profit in its History on Sales, Tax Boost

Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line. Shares rose more than 6 percent in extended trading, after […]

Google Faces Its First “Right To Be Forgotten” Trial in England

The search engine giant, Google Inc is set for its first battle in a London court over the “right to be forgotten” in two cases. This is the first time that the court in England will be dealing with the matter of Google’s personal privacy and public interest. The case is filed by two businessmen […]

Security Flaws Put Virtually All Intel, AMD Devices At Risk, Warn Researchers

Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp, Advanced Micro Devices Inc and ARM Holdings. One of the bugs is specific to Intel but another affects laptops, desktop computers, smartphones, tablets and internet […]

Facebook Reveals Data On Copyright And Trademark Complaints

Facebook Inc announced Monday that it removed nearly 3 million posts, including videos, ads and other forms of content, from its services during the first half of 2017 following complaints of counterfeiting and copyright and trademark infringement. The worldwide data on intellectual property-related takedowns is a new disclosure for Facebook as part of its biannual […]