Finance

Verizon Communications Inc. (NYSE:VZ) Takes Over Technology And Software Of Jaunt XR

Verizon Communications Inc. (NYSE:VZ) has announced the takeover of Jaunt XR. The deal gives volumetric video capture tools to Verizon. The new technology and software of Jaunt provide an advantage to Verizon because it forays into a high-speed 5G network. Jaunt has restructured and laid off some staff before focusing on augmented reality from virtual […]

Tencent Holding (OTCMKTS:TCEHY) Acquires 29% Stake In Funcom: Shares Of Funcom Hits A Ten-week High

Tencent Holding (OTCMKTS:TCEHY) entered a pact to buy a 29% stake in Funcom. The deal is valued at $134.33 million based on the closing price on Friday. KCJ Capital has sold the shares to Tencent at a premium of 21.8% on the closing price of Funcom on Friday. Tencent becomes a significant shareholder in Funcom […]

People’s Bank Of China Gives Nod To Paypal Holdings Inc (NASDAQ:PYPL) To Acquire A Majority Stake In GoPay

People’s Bank of China (PBOC), the state-owned bank, gave the nod to Paypal Holdings Inc (NASDAQ:PYPL) to acquire a stake of 70% in GoPay. Paypal would become the first International Company to get the license for payment processing in China. The company would acquire the majority stake in GoPay through a China-based subsidiary – Yinbaobao. […]

Amazon (AMZN) And Facebook (FB) Focus On Smart Glasses: Sales Of AR Glasses Surge To 30 Million In 2023

Sitting at 850 miles apart, Amazon.com, Inc. (NASDAQ:AMZN) and Facebook, Inc. (NASDAQ:FB) have announced a closer vision into future computing. Facebook announced its plans to introduce Augmented Reality (AR) Smart Glasses. The smart glasses would be developed to concentrate on people when compared to connecting the user to a computer. According to CNBC, Facebook plans […]

Bitcoin Experiences Huge Sell-Off AS Uncertainty Surrounds The Launch of Facebook’s Libra

Crypto markets have been bleeding this week with bitcoin among the coins that shed significantly. Bitcoin lost more than 15% in a surprising selloff and the process dragging down the whole industry. This caught investors and traders who had hoped that the launch of Bakkt platform could boost bitcoin off guard. Facebook’s Libra falls back […]

Alphabet Inc (NASDAQ:GOOGL) Under Scanner On Proposal To Adopt DNS Over HTTP, A New Standard To Improve Privacy

Alphabet Inc (NASDAQ:GOOGL) Google is under scanner on its recent move to encrypt the Internet. Congressional anti-trust investigators feel that new standard DND Over HTTP gives Google an unfair advantage. The search giant could take advantage of the user data for commercial gains. According to the Wall Street Journal, the investigators on behalf of House […]

Shares Of Brokerage Firms Tanks As Interactive Brokers Say They Will Offer Trades At No Fees

On Friday shares of retail brokerage firms Etrade Financial (NASDAQ:ETFC), Charles Schwab (NYSE:SCHW) and TD Ameritrade (NASDAQ:AMTD) were trading on the down. This was a result of the announcement that Interactive Brokers will be making any amount of stock trade without commission charges. Charles Schwab plunged 2.2% while ETrade Financial lost 4.8%. TD Ameritrade was […]

Facebook Inc. (NASDAQ:FB) Piloting Hiding of Likes As A way of Improving Users Experience

Facebook Inc. (NASDAQ:FB) is testing the hiding of like counts for users on the site just like it did with Instagram. The company will pilot the same as from Friday for Australian Facebook users. However, the company has not indicated whether the change will apply permanently to other regions. Facebook to hide likes The test […]

General Motors (NYSE:GM) Restores Health Insurance Benefits For The 48,000 Striking Workers

On Thursday General Motors (NYSE:GM) indicated that it would reinstate health insurance cover of its striking temporary workers. This comes after the early indication that they will push the costs to the UAW union with officials from both sides, indicating they are yet to resolve main issues. Negotiations to continue through the weekend Both GM […]

Google Tech’s (NASDAQ:GOOGL) Pittsburgh Contractors Vote To Join United Steelworkers Union

On Tuesday Google (NASDAQ:GOOGL) contractors in Pittsburgh voted on a resolution for unionization which will see them join United Steelworkers Union. The workers want to unionize under the name Pittsburg Association of Technology Professionals (PATP). HCL workers vote to join United Steelworkers Union The group comprises of around 80 workers employed by HCL Technology. They […]