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San-Francisco based Pinterest Prepping up for Global Expansion

26Sep By Gauri SinghNo Comments

BUSINESS

San-Francisco based Pinterest Prepping up for Global Expansion

San-Francisco based web and mobile application Pinterest is looking forward for global expansion and is eyeing India and Southeast Asia next. The USA unicorn valued at over $12 billion allows users to create virtual pinboards and discover information on the World Wide Web. The platform currently claims to have 250 million monthly active users, half of them outside the US. Almost 80% of the company’s new users are from international markets. “Last few years, we have focused on South America, Western Europe and a bit on Japan. This year we are increasingly thinking about Southeast Asia, India and other parts of the world we haven’t serviced,” co-founder Evan Sharp stated. Pinterest has launched seven offices in international markets. Along with this, it had also introduced the Hindi lan...

California-based Turo Expands its Services to the UK

25Sep By Gauri SinghNo Comments

USA

California-based Turo Expands its Services to the UK

California-based peer-to-peer car-sharing platform Turo is reportedly expanding its services to the UK, and his time, everyday car owners can actually use it. It was in 2016 that the company earlier expanded to the UK once but the services were only offered to small rental car companies under its commercial host program. However, this time anyone who owns or leases a 2008 model-year or newer vehicle can list it on the Turo app. All the vehicles rented by its pre-approved users are covered by the company’s insurance partner Allianz. The company since its launch has expanded services to markets like Canada and Germany. As of now, the firm has 8 million users. According to Turo CEO Andre Haddad, the UK is the company’s most-searched-for destination outside North America. “This makes ...

25Sep By Gauri SinghNo Comments

BUSINESS

Apple Ties up with Salesforce to Bring Siri to More Business Apps

The technology giant Apple has entered into a partnership with an American cloud computing company Salesforce for the purpose of building the iPhone maker's features such as its Siri voice assistant deeper into Salesforce's own mobile apps. Salesforce apps are widely used in the sales and marketing industries. This is a beneficial deal for Salesforce and in turn, the company will build software tools so that the big businesses that use its back-end technology to power their own apps can make better products with features specific to iPhones and iPads. "If you look at enterprise in general, voice has not been used as much as in consumer," Apple CEO Tim Cook said. "We're going to be able to provide the sales rep instant access to things using your voice instead of c...

Snapchat Defeats Facebook’s & Instagram’s User Base in the USA

30Aug By Gauri SinghNo Comments

USA

Snapchat Defeats Facebook’s & Instagram’s User Base in the USA

With the tough fight among the social media giants including Facebook, Instagram, Snapchat etc, it has always been the primary motive of these companies to target the teenagers as most of the user base of the social media platforms comes from the teens. Though Instagram and Facebook have been prevailing in the market since a long time, Snapchat seems to grab more attention of the teenagers in the US. According to a study, the photo-messaging application Snapchat has proved to be the most preferred social networking platform among US teenagers, beating the user base of Facebook and Instagram in that age-category. According to a research done by market research company eMarketer, this year i.e in 2018, 16.4 million 12 to 17 year-olds are likely to use Snapchat as compared with 12.8 mil...

5Jun By Lavina TolaniNo Comments

Market

Trending Stocks Avanti Feeds and Apex Frozen Losses 50% Market Value in 1 Week

The shrimp manufacturers and exporters which were leading the Indian stock market for a while have now baffled investors after witnessing a sharp fall in share prices which has been considered too high to measure. Yesterday, a news has surfaced that shares of shrimp exporter Avanti Feeds which grow 40000% in last 5 years have lost 38 percent of their market value since April 26. And today, adding to the misery of investors, shares have gone further down by 12.27% and are currently trading at Rs 1,306.90 down from its previous closing of Rs 1,489.60 on the BSE on the back of heavy volumes. The scrip opened at Rs 1,480 and has touched a high and low of Rs 1,480 and Rs 1,232 respectively. Apex Frozen, on the other hand, is a leading integrated producer as well as exporter of shelf ta...

The Real Story behind WOW Airlines $200 Ticket to USA

19May By Sheldan RungasamyNo Comments

BUSINESS

The Real Story behind WOW Airlines $200 Ticket to USA

WOW airlines, an Iceland based low-cost airline company is set to make its entrance in India with the cheapest American airline fares ever. The one-way trip will connect passengers from New Delhi to 15 North American cities and include a stopover in Reykjavik (Iceland) for only Rs 13,499. WOW airlines were founded by entrepreneur Skuli Mogensen, who is a business mogul with background hailing from sectors such as technology and telecoms in Iceland, Europe, and North America. He owns the airline company all by himself and sits on the board of several tech companies in North America and Europe. Skuli was awarded Business Man of the Year in his country twice, notably in 2011 and 2016. The airline company was founded in November 2011 and its inaugural flight took ...

8000 Starbucks Stores Will Shut Down in USA

18Apr By NitishNo Comments

USA

8000 Starbucks Stores Will Shut Down in USA

World's leading coffee chain Starbucks announced that they will shut over 8,000+ stores in the USA for one day to conduct anti-bias training. The announcement comes over an incident happened in Philadelphia Starbucks store last week, where the two African men were arrested for not ordering anything and using the bathroom. The two men entered the Starbucks on Thursday and asked to use the bathroom. An employee told them it was only for the paying customers. The Police were called reportedly by the manager when the two men sat in the store without placing the order. The men were arrested for trespassing. However, no charges have been filed. As per the report, due to this incident, Starbucks will close the stores May 29 to offer the training to 175,000 employees. "I've spent th...

3 Injured at Youtube Headquarters Shooting; Gunwoman Found Dead

4Apr By Sheldan RungasamyNo Comments

News

3 Injured at Youtube Headquarters Shooting; Gunwoman Found Dead

Yesterday, a woman opened fire at YouTube Headquarters injuring three people before finally fatally shooting herself. According to the local police report, the female suspect died from a gunshot wound she probably inflicted to herself. One of those she shot, a 36 year old man is reportedly in a critical condition. A vast amount of Indian-American professionals work for the online video streaming company, but none were affected by the shooting. US President Donald Trump was briefed about the shooting and tweeted, Our thought and prayers are with everybody involved. Thank you to our phenomenal Law Enforcement Officers and First Responders that are currently on the scene. Was just briefed on the shooting at YouTube’s HQ in San Bruno, California. Our thoughts and prayers are with eve...

Trump Proposes Tariffs on $50 Billion Chinese Imports

4Apr By Lavina TolaniNo Comments

USA

Trump Proposes Tariffs on $50 Billion Chinese Imports

US Administration has escalated a stringent move on trade by announcing a 25 percent tariffs on Chinese imports amounting to USD 50 billion. This has come in as a response to the protest against Beijing policies requiring foreign companies to hand over their technology. The proposed list of products subjected to additional 25 percent tariffs are based on an extensive interagency economic analysis and would target products that are benefitted from Chinese plans while minimizing the impact on the American economy. The sectors targeted in the list include products from aerospace, communication and information technology, robotics and machinery. About 1300 different tariff lines in the proposed list will undergo a review in a public notice followed by a hearing post which a final list of...

Chinese Premier Urges President Donald Trump Not to Start A Trade War

20Mar By Sheldan RungasamyNo Comments

CHINA

Chinese Premier Urges President Donald Trump Not to Start A Trade War

Li Keqiang, Chinese Premier said on Tuesday that China did not want to get involved in a trade war with the United States of America, stating that the conflict could only ruin the relationship between the two countries. “We hope that both parties can maintain reason, not act emotionally, and avoid a trade war,” said Mr. Li at a press conference. He further added that any trade war would make no winner between the two superpowers and he hopes both parties can stay “calm” at the present situation. ALSO NEWS: Trump’s Harley Davidson Vs Modi’s Royal Enfield- The Beginning of Motorcycle War Addressing at the end of the 13th National People’s Congress (NPC, China's national legislature), Premier Li affirmed that Beijing only wishes to maintain a good and stable relationship w...

Are The Days of Bitcoin Over? Becomes One-Third In Less Than 2 Months

6Feb By RishabhNo Comments

ANALYSIS

Are The Days of Bitcoin Over? Becomes One-Third In Less Than 2 Months

Bitcoin has been tumbling since the past few, and it's been over 1.5 months that it last it's all time high. Bitcoin hit an all time high $19,343 in December 16, 2017 after which it fell and topped at $17,135 on January 6, 2018. Ever since then its has been falling and hit $6,083 by IST 10:36 am February 6, 2018. Investor firms think that it is the time that Bitcoin will have to settle after being too dynamic with its price. The downfall is amidst the raising worries about regulation on the ungoverned cryptocurrency. Even on Friday, Citigroup, JP Morgan Chase and Bank of America said that they will ban cryptocurrency purchase by their credit card customers. In India, at the time of Union Budget 2018 pre-poll the Finance Minister of India, Arun Jaitley said,"Cryptocurren...

Twitter To Notify Users Exposed To Russian Propaganda During U.S. Elections

20Jan By reutersNo Comments

USA

Twitter To Notify Users Exposed To Russian Propaganda During U.S. Elections

Twitter Inc, which is reviewing Russian interference during the 2016 U.S. elections, said on Friday it would notify some of its users whether they were exposed to content generated by a suspected Russian propaganda service. The company said it would email 677,775 people in the United States who followed, retweeted or liked content from accounts associated with the Internet Research Agency (IRA) during the election. The IRA is a Russian organization that according to lawmakers and researchers, employs hundreds of people to push pro-Kremlin content under phony social media accounts. Twitter added that because it has already suspended these accounts, the relevant content is no longer publicly available on its platform. Twitter executives on Wednesday told U.S. lawmakers that it ma...