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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 […]

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 […]

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 […]

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 […]

Robinhood Considering Offering United States Retirements Accounts

United States based financial service provider and stock brokerage company Robinhood Markets Inc. is considering introducing U.S retirement accounts. This was revealed by the company’s chief executive officer, Vlad Tenev, during the past weekend while on a webcast with users of the company’s mobile trading app. The company is set to have its initial public […]

China Turns Down WHO’s Plan to Study the Origin of COVID-19

China has declined a plan by the World Health Organization (WHO) to study the origin of Covid-19 in a second phase investigation in China. Since China was the country in which the virus emerged, there have been allegations doing rounds suggesting the virus escaped from a Chinese laboratory however this rumor was dismissed by the […]

Apple Set to Release Only 5G Enabled IPhones From 2022

Leading tech company and producer of consumer electronics Apple Inc. (AAPL) will now be releasing only 5G enabled IPhones starting from 2022. This information was revealed by an insider source which declined being revealed since the company is yet to make the revelation official. According to the source, Apple will also be revamping its IPhone […]

United States and its Allies Accusing China of Increasing Global Cybercrimes

The United States and some of its allies is accusing China of having a hand in the increasing number of global cybercrimes which has been increasing rampantly in recent times. The U.S made these accusations during a global cyberespionage campaign held at the beginning of the week which was led by a group of countries […]

Flipkart Argues it Shouldn’t be Treated the Same as Amazon by India’s Authorities

Walmart Inc. (WMT) owned India based online retailer Flipkart claims that it should not be subjected under the same treatment like United States based e-commerce giant Amazon Inc. (AMZN) which they both operate in the Indian market. India’s antitrust regulator, Competition Commission of India (CCI) has been on the neck of the two e-commerce company […]

Tesla Launches Subscription Services For its Driver Assistance Software

Leading electric-vehicle manufacturer Tesla Inc. (TSLA) has launched subscription services option for its advanced driver assistance software which will be going for a monthly payment of $199 rather than paying a $10,000 upfront. This subscription service is dubbed “Full Self-Driving capability” and will be available for some Tesla customers. The company is expecting this subscription […]