Breaking News

Volvo to go All Electric by 2030

Swedish multinational vehicle manufacturer Volvo (STO: VOLV) will be producing electrical vehicles only by the year 2030. The company made this announcement on March 2 as it unveiled its car-line up. Notable automakers have been making a partial shift towards production of electric vehicles as they try to phase out fossil-fuel engines out of the […]

China Developing Tech to Deal With Misbehaving Apps and Data Leaks

China is in the process of developing a new technology to help in dealing with misbehaving applications in the wide mobile app market. This technology will also be used to personal data leakage loopholes. This announcement was made on March 1 by China’s minister of industry and information technology Xiao Yaqing. “Those apps that refuse […]

Robinhood Trader Planning to File for a Confidential IPO

Financial service and online brokerage company Robinhood is planning to file for an initial public offering confidentially in the month of March. This report was first posted on Bloomberg business news. Citing Bloomberg’s post in the last few weeks the company has been holding talks with several investment banks to act as its underwriter in […]

ByteDance Appoints its Head of News in China to Head Tiktok’s Research and Development

The parent company of short video sharing app TikTok ByteDance has resolved to move its chief news aggregator in China Jinri Toutiao, Zhu Wenjia to Singapore where he will be in charge of global research and development for TikTok. This latest development was revealed by sources involved in the matter who further said the newly […]

Boyu Capital Targets $6 Billion in New Private Equity Fund

China based private equity firm Boyu Capital is consolidating a new China focused fund aiming to raise as much as $6 billion. This was revealed by sources involved with the matter but sought anonymity since the company is yet to let out this information to the general public. Boyu Capital has invested in several notable […]

Berkshire Grey to go Public via Merger Deal With SPAC

Artificial intelligence robotics company Berkshire Grey announced that it had reached an agreement to go public through a merger deal with a Special Purpose Acquisition Company Revolution Acceleration Acquisition Corp (RAAC). In the deal the blank check company will provide Berkshire Grey with a cash amount of $413 million. After the deal has been closed, […]

GameStop’s CFO to Step Down Following Controversial Wild Stock Rally

The Chief Financial Officer of GameStop Corp. (GME) Jim Bell will be stepping down from the position following the controversial astronomical rally of the company’s stock which happened recently. The company made this announcement adding that the CFO will be stepping down next month. GameStop says the resignation of Bell isn’t linked to any disagreement […]

Lucid Motors to go Public Through a Merger Deal with Churchill Capital IV

America based luxury electric vehicle manufacturer Lucid Motors says it has agreed to go public through a merger deal with Special Purpose Acquisition Company Churchill Capital IV Corp (CCIV). This merger deal will leave the combined company with a market valuation of $11.75 billion. Lucid based in Newark, California is headed by a former engineer from […]

Discovery Expecting 12 Million Streaming Subscribers by End of February

American mass media company Discovery Inc. (DISCA) is looking forward to have 12 million streaming subscribers by the end of February. Since the pandemic began the company has been recording increasing numbers of new streaming subscribers due to movement restrictions imposed across the world to reduce spread of the deadly virus. Discovery Inc. operates a […]

WhatsApp to Implement Privacy Policy Update Despite Backlash

Facebook Inc. (FB) owned online messaging platform WhatsApp will be implementing its controversial privacy policy which will allow the app to share limited users’ private data with Facebook and its group firms. Under the privacy update also, users will be allowed to read it at their own pace additionally a banner will be displayed showing […]