Largest Twitter Shareholder Proposes Changes in Blue Premium Subscription Service

World’s richest man Elon Musk is suggesting major changes on the widely used social media and microblogging platform Twitter Inc. (TWTR) the changes include are mainly touching on Twitter’s Blue premium subscription service. The changes entail; reducing is subscription price, providing an option to pay in the cryptocurrency dogecoin and banning advertising. Musk took on […]

Facebook Suspends Over 400 Accounts Citing Misinformation Ahead of Philippines General Elections

Meta Platforms Inc. (FB) owned social media network Facebook has suspended more than 400 accounts, pages and groups ahead of the general election in Philippines, Meta says this move is aimed at curbing spread of misinformation and hate speech across its platform during the electioneering period. The election date is May 9 and concerns over […]

Walmart Owned Flipkart Raises IPO Valuation Target to $60-70 Billion

India based online retailer Flipkart has raised its initial public offering (IPO) valuation target by around 33% to $60-70 billion. According to sources directly involved in the matter, the Walmart Inc. (WMT) owned company is also planning a United States listing next year instead of this year. Initially, Flipkart had set a target market valuation […]

VW Getting Rid of Many Combustion Engines Models by 2030

Leading German based vehicle manufacturer Volkswagen AG (ETR: VOW3) says that it will be getting rid of a majority of combustion engine car models by the end of the decade and sell fewer vehicles generally so as to focus on producing more profitable premium vehicles. This revelation was made by the company’s chief financial officer […]

Italy Expels 30 Russian Diplomats Citing Security Fears

On April 5, Italy’s Foreign MinisterLuigi Di Maio, announced the state had expelled 30 Russian diplomats due to security fears. This move seems to be in-line with what some of the western counties have been doing since Russia invaded Ukraine. “The measure is in agreement with other European and Atlantic partners and is necessary for […]

Airbnb Halts its Services in Russia and Belarus

U.S based online market place for lodging, vacation rentals and homestays Airbnb Inc. (ABNB) has suspended its operations in Russia and Belarus. The company made this announcement on April 5. “Guests globally will no longer be able to make new reservations for stays or Experiences in Russia or Belarus. Guests located in Russia or Belarus […]

Steven Mnuchin Owned Private Equity Fund Acquires $525M Controlling Stake in Startup Security Firm Zimperium

Liberty Strategic Capital, a private equity fund owned by former U.S. Treasury Secretary Steven Mnuchin has bought a controlling stake of $525 million in startup security firm Zimperium. This information was revealed by the Washington based private equity fund. This acquisition deal is the first ever majority stake acquisition by the private equity fund since […]

Embattled Huawei CFO Meng Wanzhou Says They Are United More Than Ever

Meng Wanzhou, the embattled chief financial officer of giant Chinese technology company Huawei Technologies (HWT) has said that the company is now more united more than ever. Wanzhou made these sentiments during the company’s first set of results since her return to China after spending almost three years under detention in Canada. “Over the past […]

40% of Toshiba Stakeholders Voted in Favor of Spin-Off

For some months now talks about a possible spin-off in Japan based multinational conglomerate Toshiba Corp. (TYO: 6502). Well the company held annual general meeting in which 39.53% of the shareholders with voting rights voted in favor of a plan to spin-off the company’s devices unit. On the other hand, a separate group backed by […]

Tesla Recalls 947 US Cars Due to Delay in Rearview Image Display

Leading electric vehicle maker Tesla Inc. (TSLA) has recalled 947 vehicles in the United States citing that the rearview image may fail to immediately display when they vehicle starts to reverse. This development was announced by the National Highway Traffic Safety Administration (NHTSA). According to the information given to the NHTSA by Tesla, the recall […]