Dennis Mutua

Quibi Contemplating Selling Content Catalogue to Roku

Insider sources have leaked information that Quibi is engaging manufacturer of media players for video streaming Roku Inc. (ROKU) with intentions of selling its content catalogue to Roku as the company seeks to wind down its operations. Back in April last year, Quibi launched a short-form streaming platform that produced content for viewing on mobile […]

Twitter to Purchase Social Podcast App Breaker

Social podcasting app Breaker announced that it will be acquired by widely used social network Twitter Inc. (TWTR). Following the acquisition breaker will shut down its website and app in the coming week. “The Breaker team is joining Twitter! We’re excited to build the future of public conversations. Breaker will be shutting down on Jan […]

Facebook Director of Product Management Resigns

Director of Product Management at leading social media company Facebook Inc. (FB) Rob Leathern has resigned from the company according to an internal company’s post. His resignations comes immediately after handling Facebook’s ad products linked to sensitive matters such as misinformation about coronavirus pandemic and much anticipated United States Presidential elections concluded about two months […]

Apple Loses Copyright Claims in a Lawsuit Against a Florida Based Startup

IPhone maker Apple Inc. (AAPL) lost a copyright infringement case against a Florida based startup Corellium LLC after a federal Judge in Florida dismissed the Apple’s claim. The startup has software which helps security researchers to find security flaws in Apple products. Apple was accusing Corellium of copying its iOS operating system to create a […]

Ticketmaster to Pay $10 Million Fine for Hacking Rival’s Computer Systems

U.S based ticket sales and distribution company Ticketmaster Entertainment LLC has agreed to pay a $10 million fine to avoid prosecution on hacking and illegally accessing the computer system of a rival company, Songkick. Songkick primarily engages in artist presales in which often some tickets are set aside for fans prior general ticket sales begins. […]

Survey Software Seller Qualtrics Files for IPO

Provider of technology services including educational, survey, human resource, and market research software Qualtrics International Inc. announced having filed for an initial public offering in the United States. Qualtrics is owned by business software group SAP Inc. (SAP), the company is betting on how technology stocks have been outperforming the broader financial markets this year […]

Hut group to Purchase Dermstore for $350 Million

Britain based online retailer The Hut Group (LON: THG) has announced its upcoming plan to acquire fellow online retailer Dermstore from its current owner Target Corp. (TGT) in a deal worth $350 million. Hut will be using this acquisition to increase the influence of its beauty products across United States. The company owns several retail […]

Alibaba Increases Share Buyback Plan From $6 billion to $10 billion

Leading Chinese multinational company specializing on e-commerce and technology Alibaba Group Holding (BABA) announced having increased size of its share buyback program from $6 billion to $10 billion. This revision came moments after its share price plunged by more than 7% to HK$212.20 ($27.37). “This Share Repurchase Program will be effective for a two-year period […]

Mytheresa’s Parent Company Files for U.S IPO

The parent company of German based online luxury retailer Mytheresa Group known as MYT Netherlands Parent B.V has filed for an initial public offering to be listed in United States financial markets. Mytheresa sells clothes from world leading fashion brands including Burberry, Prada and Gucci. In the third quarter results for the period ending September […]

Spinning Eagle To Go Public in a $1.5 Billion IPO

Blank Check Company Spinning Eagle Acquisition Corp is planning to go public in a $1.5 billion initial public offering. The company founded by Hollywood film producer Jeff Sagansky has already filed for its IPO with the regulators. Sagansky is a former president of CBS Entertainment. Sagansky has also invested in other companies including gaming company […]