Dennis Mutua

Apple Exported 2.5 Million IPhones in China in March

The Chinese government has released data indicating that IPhone maker Apple Inc. (AAPL) shipped in 2.5 million IPhones in China during the just ended month of March. China still remains the World’s second largest economy and the World’s largest market for Smartphones and several consumer electronics. However, demand for smartphones has been on a declining […]

Amazon Limiting New Online Orders Due to Overwhelming Demand

Global breakout of deadly coronavirus has largely been overwhelming the healthcare facilities pushing them to extreme limits. The retail industry has been experiencing a surge in purchase orders both physical purchases and online orders. This pressure being felt by healthcare facility is also also being felt by the retail industry, however, in a different way. […]

Vietnamese Samsung Workers Quarantined Following a Coronavirus Positive Case

Workers at a production plant for leading consumer electronics producer Samsung Electronics Co. (KRX: 005930) in Vietnam have been quarantined after one of them tested positive for deadly coronavirus. One employee, aged 25 working at the EQC-SI unit of the Samsung Display plant in Bac Ninh, tested positive following a coronavirus test conducted by the […]

Facebook Sued Over Selling Private User Data to Advertisers

Pioneer social media network Facebook Inc. (FB) has been sued again over security of user data, this time round, the tech guru is being accused of breaching user data privacy laws by tracking internet activities of users even after they have long logged out of Facebook. The lawsuit filed in a Federal court in San […]

Sony Pumps in a $400 Million Investment in Chinese Video Website Bilibili

American subsidiary of Sony Corp (TYO: 6758), Sony Corp America is set to pump in investment worth $400 million in Chinese video sharing website Bilibili (NASDAQ: BILI). The two parties made the announced during a joint press statement further adding the partnership is targeting the millennials and generation alpha as its customers. Bilibili is commonly […]

Coronavirus Pandemic May Increase Poverty Levels for the First Time Since 1990

Indeed global breakout of deadly Coronavirus will be among the greatest pandemic the World will have experienced in the 21st Century if not the greatest. It’s no longer a question of whether the global economy will plunge but by how much will it. A confederation of independent charity organizations known as Oxfam has released a […]

Zoom Sued Over Data Security Issues

American provider for remote video conferencing services Zoom Video Communications Inc. (ZM) has been sued by its shareholders for failing to reveal that its Zoom app doesn’t support end- to-end encryption and exaggerating its privacy standards. Since the platform lacks end-to-end encryption, this means the company has the ability to access on going session by […]

Mobile Streaming App Quibi Downloaded by More Than 300,000 Users on Its First Day

Mobile video streaming platform Quibi launched on April 6 at its headquarters in Los Angeles, California. However, one day after it was launched the app had been downloaded by a whopping 300,000 users. Quibi stands for ‘quick bites’. The above data was provided by app data tracker Sensor Tower adding that users staying at home […]

Jack Dorsey Pledges Stake Worth $1 Billion to Combat Coronavirus

Chief Executive Officer of Social Media network Twitter Inc. (TWTR) Jack Dorsey has pledged a total of stake worth $1 billion to assist in the fight against coronavirus pandemic. Dorsey also adds up as the founder and CEO of mobile payment and fintech company Square Inc. (SQ) so he directed that this money will be […]

JPMorgan Might Just Withdraw 2020 Dividend

Coronavirus pandemic seems to be affecting each sector of different economies without favor, it’s now clear different industries are being affected directly or indirectly by this untimely global pandemic. First it started by the airline industry and the hotel industry taking the heat generated by outbreak of deadly coronavirus since countries started suspending flights and […]