Markets

WhatsApp Launches Option For Disappearing Photos and Videos

Online messaging platform WhatsApp has rolled out a new option similar to that of photo messaging app Snapchat of disappearing photos and videos. This move is a strategic one for the Facebook Inc. (FB) owned company which places it in a better position to compete with Snapchat. WhatsApp says that this new feature will start […]

Zoom Agrees to Pay $85M as Settlement for Violating Users Privacy Rights

Provider of videoconferencing and online chat services provider Zoom Video Communications Inc. (ZM) has reached an agreement to pay $85 million as settlement in a lawsuit which Zoom is being accused of violating users’ privacy rights by sharing personal user data with other entities including Google, LinkedIN and Facebook. The company was also accused of […]

Square Set to Acquire Afterpay in a $29 Billion Deal

Digital service payment company and financial service provider Square Inc. (SQ) will be leading a $29 billion buyout deal for Australia based financial technology company Afterpay Ltd. (ASX: APT). Square says this deal will be a buy-now-pay-later (BNPL). This deal takes into account the remarkable rally of Afterpay’s stock which in the beginning of last […]

Disney Declares Mandatory Vaccination For U.S On-Site Employees

Mass media, production and entertainment company Walt Disney Co. (DIS) announced a mandatory COVID-19 vaccination for its United States on-site salaried and non-union hourly employees. The company said employees who have not been vaccinated have up to 60 days to take the shot. “Employees who aren’t already vaccinated and are working on-site will have 60 […]

Robinhood Raises $2.1 Billion From Highly Anticipated IPO

Financial service provider and owner of Robinhood trading app Robinhood Markets Inc. (HOOD) raised $2.1 billion from its much anticipated initial public offering which took place this week. This much talked about IPO leaves the company with a market valuation of $31.8 billion. The company priced its shares at $38 per share in the IPO […]

Flipkart Wants India’s Supreme Court to Halt Antitrust Probe

Walmart Inc. (WMT) owned online retailer Flipkart is asking India’s Supreme Court to stop the country’s antitrust body, the Competition Commission of India (CCI), from continuing with an ongoing probe into the company. Flipkart made this request through a 700 paged court filing in which the online retailer claims that the antitrust regulator asked sensitive […]

Spotify Records 20% Increase in Paid Subscribers in the Second Quarter

Audio streaming and media service provider Spotify Technology S.A. (SPOT) has published its quarterly reports for the second quarter ended June 30 in which it recorded a 20% in its paid subscription services. Citing the July 28 released results, the company beat Wall Street’s estimate for the second quarter of the year. Spotify reported revenue […]

Starbucks Exiting $2 Billion Joint Venture in South Korea

U.S based company operating chain of coffeehouses and roaster reserves Starbucks Cooperation (SBUX) has announced its exit from a joint venture in South Korea which is approximately valued around $2 billion. Satrbucks will be selling its stake in the joint venture to South Korea based largest online retailer E-Mart Inc. (KRX: 139480) and to Singapore […]

Food-Tech Firm NotCo Raises $235 Million in Latest Financing Round

Food-tech company producing plant-based alternatives animal-based food products NotCo announced having raised $235 million in its recently concluded financing round. This financing round leaves the company with a market valuation of $1.5 billion. Notable personalities in the world of sports took part in the just concluded financing round among them include Roger Federer and Lewis […]

Robinhood Considering Offering United States Retirements Accounts

United States based financial service provider and stock brokerage company Robinhood Markets Inc. is considering introducing U.S retirement accounts. This was revealed by the company’s chief executive officer, Vlad Tenev, during the past weekend while on a webcast with users of the company’s mobile trading app. The company is set to have its initial public […]