Dennis Mutua

Square Set to Acquire Afterpay in a $29 Billion Deal

Digital service payment company and financial service provider Square Inc. (SQ) will be leading a $29 billion buyout deal for Australia based financial technology company Afterpay Ltd. (ASX: APT). Square says this deal will be a buy-now-pay-later (BNPL). This deal takes into account the remarkable rally of Afterpay’s stock which in the beginning of last […]

Disney Declares Mandatory Vaccination For U.S On-Site Employees

Mass media, production and entertainment company Walt Disney Co. (DIS) announced a mandatory COVID-19 vaccination for its United States on-site salaried and non-union hourly employees. The company said employees who have not been vaccinated have up to 60 days to take the shot. “Employees who aren’t already vaccinated and are working on-site will have 60 […]

Twitter Unveils a Competition for Researchers and Hackers on its Image Cropping Algorithm

Widely used social network media company Twitter Inc. (TWTR) is planning to launch a competition for computer researchers and hackers based on its image cropping algorithm which since last year has been talked about by social media users who alleged the algorithm tended to exclude black people and men. The company says this competition will […]

Robinhood Raises $2.1 Billion From Highly Anticipated IPO

Financial service provider and owner of Robinhood trading app Robinhood Markets Inc. (HOOD) raised $2.1 billion from its much anticipated initial public offering which took place this week. This much talked about IPO leaves the company with a market valuation of $31.8 billion. The company priced its shares at $38 per share in the IPO […]

Softbank Selling 45 Million Uber Shares

Japanese multinational company investing in technology, financial and energy sector Softbank Group Corp. (TYO: 9984) is looking forward to sell 45 million of its shares in Uber Technologies Inc. (UBER). This information was revealed by an insider source. The insider source who sought anonymity, says any buyer interested in these shares will have a 30-day […]

Flipkart Wants India’s Supreme Court to Halt Antitrust Probe

Walmart Inc. (WMT) owned online retailer Flipkart is asking India’s Supreme Court to stop the country’s antitrust body, the Competition Commission of India (CCI), from continuing with an ongoing probe into the company. Flipkart made this request through a 700 paged court filing in which the online retailer claims that the antitrust regulator asked sensitive […]

Spotify Records 20% Increase in Paid Subscribers in the Second Quarter

Audio streaming and media service provider Spotify Technology S.A. (SPOT) has published its quarterly reports for the second quarter ended June 30 in which it recorded a 20% in its paid subscription services. Citing the July 28 released results, the company beat Wall Street’s estimate for the second quarter of the year. Spotify reported revenue […]

Starbucks Exiting $2 Billion Joint Venture in South Korea

U.S based company operating chain of coffeehouses and roaster reserves Starbucks Cooperation (SBUX) has announced its exit from a joint venture in South Korea which is approximately valued around $2 billion. Satrbucks will be selling its stake in the joint venture to South Korea based largest online retailer E-Mart Inc. (KRX: 139480) and to Singapore […]

Reckitt Posts Mixed Results in the Second Quarter

London based producer of health, hygiene and nutrition products Reckitt Benckiser Group (LON: RKT) has released its results for the second quarter in which it registered declined sales in the quarter further warning of costs will hit margins. For the second quarter ended June 30, sales in the health business of the company which consists […]

General Motors and Cruise Sue Ford to Bar the Automaker From Using BlueCruise for its Autonomous Cars

United States based vehicle manufacturer General Motors Company (GM) together with its subsidiary Cruise robo-taxi have sued fellow auto manufacturer Ford Motor Company (F) seeking to refrain Ford from using ‘BlueCruise’ to market its self-driving vehicles. In the lawsuit, both GM and Cruise jointly argue that Ford will be infringing on GM’s Super Cruise trademark […]