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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 […]

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 […]

Rolls Royce Withdraws 2020 Financial Guidance Cites Coronavirus Pandemic

British based engineering and aero-engine manufacturer Rolls-Royce Holding PLC (RR) announced on Monday that it has dropped its financial target for the first quarter of the year and a very high possibility of dropping entire targets for the entire year. Additionally, Rolls Royce also suspended dividend for the first quarter of the year making it […]

Zoom Under Siege Over Data Privacy and Security Issues

Remote conferencing services firm Zoom Video Communications Inc. (ZM) is facing a backlash over its video conferencing app Zoom video which is alleged to having been breached hence putting private user data at a great risk. Earlier in the week, the company’s founder and Chief executive officer, Eric Yuan, indeed confirmed the data privacy concerns […]

Amazon Employees Stage Demonstrations Citing Fear of Contracting Coronavirus While Working

Global breakout of deadly coronona virus is indeed chewing into each economy without fear or favor. With the United States recording highest numbers of infections worldwide, workers at e-commerce giant Amazon Inc. (AMZN) are afraid of being infected with this virus as they continue with their day to day activities at their workplace. On the […]

Disney+ Set to Premiere in North Africa and in the Middle East

Mass media and entertainment company Walt Disney Co. (DIS) has announced that they’ll be launching their Disney+ services in North Africa and the Middle East come April 9. The Disney+ content will be made available on regional pay television and online streaming service provider OSN which is based in the Middle East having its headquarters […]

New York Governor Confirms His Brother is Infected With Coronavirus

The Governor of New York, Andrew Cuomo, has confirmed that his brother, Chris Cuomo, has tested positive for the coronavirus disease. The Governor revealed this information on Tuesday and on this day, New York State recorded more than 9,000 new infections. With these new infections, total number of coronavirus cases in New York now stands […]

GE Partners With Ford to Produce 50,000 Ventilators in 3 Months

U.S based car manufacturer Ford Motor Co. (F) has announced its partnership with health care unit of General Electric (GE) to produce 50,000 ventilators in 100 days so as to combat break out of deadly coronavirus in the United States. In what stated as a non-alarming situation in the United States, Coronavirus has now emerged […]

Amazon Wooing Employees with Higher Pay to Pick and Pack Whole Food Groceries

World’s largest e-commerce company Amazon Inc. (AMZN) is wooing its employees who work in the warehouses with higher salaries to pick and pack whole food groceries amid coronavirus pandemic. Without a doubt, many employees have lost their jobs following this pandemic, others have been forced to go on a mandatory less paid leave or an […]