Markets

Transport Will Never Revert to the Way it Was Before Pandemic Says Airbnb CEO

The Chief Executive Officer of Airbnb Inc. (ABNB) Brian Chesky is claiming that transport will never go back to the way it was exactly before the pandemic kicked in. Chesky believes people will now be spending more time touring smaller cities and visiting friends and family. The CEO is predicting that individuals will now prefer […]

Visa and Plaid Drops $5.3 Billion Merger Agreement Deal

Multinational financial services operator Visa Inc. (V) and financial software company Plaid have called off an earlier merger agreement deal worth $5.3 billion. The companies said a U.S government lawsuit intending to halt the merger deal citing antitrust issues is the main reason for termination of the deal. Back in November, U.S Justice Department made […]

Achronix to go Public Through a SPAC Merger Deal

Fabless semiconductor company Achronix Semiconductor Corp said it will be going public via merger with a Special Purpose Acquisition Company (SPAC) ACE Convergence Acquisition Corp in a $2.1 billion deal. Achronix says among its top reasons to go public is to diverge into new products and increase its growth rate. Due to some pending regulatory […]

Mondelez Set to Acquire Hu Master Holdings LLC.

Food, beverage and snack company Mondelez International Inc. (MDLZ) is looking forward to purchase provider of food catering services Hu Master Holdings LLC. According to Wall Street Journal, if the deal sails through it will leave Mondelez with a market value of over $250 million. Back in April 2019, Mondelez which is the manufacturer of […]

Google to Introduce Labels to its Apps on iOS

Google Play owner Alphabet Inc. (GOOGL) will be introducing app store privacy labels to its applications on the iOS operating system. This is expected to happen in the course of the week or latest next week. Under the new policy, developers will be required to reveal how users’ data is collected from App store and […]

Quibi Contemplating Selling Content Catalogue to Roku

Insider sources have leaked information that Quibi is engaging manufacturer of media players for video streaming Roku Inc. (ROKU) with intentions of selling its content catalogue to Roku as the company seeks to wind down its operations. Back in April last year, Quibi launched a short-form streaming platform that produced content for viewing on mobile […]

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 […]

Ticketmaster to Pay $10 Million Fine for Hacking Rival’s Computer Systems

U.S based ticket sales and distribution company Ticketmaster Entertainment LLC has agreed to pay a $10 million fine to avoid prosecution on hacking and illegally accessing the computer system of a rival company, Songkick. Songkick primarily engages in artist presales in which often some tickets are set aside for fans prior general ticket sales begins. […]

Survey Software Seller Qualtrics Files for IPO

Provider of technology services including educational, survey, human resource, and market research software Qualtrics International Inc. announced having filed for an initial public offering in the United States. Qualtrics is owned by business software group SAP Inc. (SAP), the company is betting on how technology stocks have been outperforming the broader financial markets this year […]

Alibaba Increases Share Buyback Plan From $6 billion to $10 billion

Leading Chinese multinational company specializing on e-commerce and technology Alibaba Group Holding (BABA) announced having increased size of its share buyback program from $6 billion to $10 billion. This revision came moments after its share price plunged by more than 7% to HK$212.20 ($27.37). “This Share Repurchase Program will be effective for a two-year period […]