Company News

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 […]

Elon Musk Once Wanted to Sell Tesla to Apple

Founder and CEO of leading electric vehicle manufacturer Tesla Inc. (TSLA) has revealed that he once approached IPhone manufacturer Apple Inc. (AAPL) with an intention of selling his company to the tech giant. Musk says there was a time the company was experiencing financial distress due to the ‘Model 3 program’ which wasn’t picking up […]

Twitter Goes Back to Old Retweet Function After U.S Elections

Widely used social network Twitter Inc. (TWTR) announced that it will be reverting to old retweet function now that United States Presidential elections have been wrapped up. Twitter had made some changes on its platform to curtail spread of misinformation during the electioneering period. Back in October, the company made it impossible for Twitter users […]

Reddit to Purchase TikTok’s Competitor Dubsmash

Dubsmash, a short video sharing app which offers services similar to what TikTok offers is set to be acquired by divergent social network company Reddit. Reddit announced the upcoming acquisition however it failed reveal any financial terms of the deal. Nonetheless, Reddit’s spokeswoman said payment of the deal will be a blend of cash and […]

Huawei Selling its Smartphone Brand Honor

Leading Chinese tech giant Huawei Technologies Co Ltd will be selling its budget brand smartphone unit Honor with an aim of keeping the brand alive. Huawei will be selling the smartphone brand to a consortium of more than 30 agents and dealers. On Nov 17 the consortium issued a statement announcing the deal. The deal […]

Microsoft Launches Next Generation Xbox Consoles

Microsoft Corp. (MSFT) has launched two new models Xbox gaming console. The consoles dubbed Xbox Series X and Xbox Series S will be going for $499.99 and $299.99 respectively. The company says the Xbox Series X is the most powerful gaming console in the world. The lower priced Xbox Series S is already facing backlash […]

Walmart Abandons Plans of Using Robots for Inventory Tracking

U.S based operator of hypermarkets and retail corporation Walmart Inc. (WMT) has abandoned its earlier announced plans of using robots to track inventories in the company. This announcement means the world’s largest retailer will have to wait a bit longer to actualize its plans of using robots to track inventories. Walmart said it had ended […]

Lily Secures External Advisor for COVID-19 Drug Plant Problem

Indianapolis based pharmaceutical company Eli Lily and Co. (LLY) has announced that it has procured services of an external advisor to review its COVID-19 drug plant problem. This comes after inspectors from Food and Drug Administration (FDA) found Lily’s drug for COVID-19 violating quality control standards resulting to the company halting its vaccine development trials. […]

IBM Splitting Into Two Public Companies

International Business Machine Corp. (IBM) has announced that it will be splitting into two publicly traded companies with a main aim of focusing on high margin cloud computing. This decision has taken many unaware since no one was expecting the 109 year old company to diversify away from its traditional business. The company will list […]

AstraZeneca Halts COVID-19 Vaccine Trials After a Study Participant Falls Sick

Leading pharmaceutical company AstraZeneca PLC. (AZN) has suspended its global COVID-19 vaccine trials which were including large stage trials. The company said it resulted to this move after a study participant in the experiment started suffering from unexplained illness. “This is a routine action which has to happen whenever there is a potentially unexplained illness […]