Markets

Amazon.com, Inc (NASDAQ:AMZN) Becomes A Threat To Alphabet Inc (NASDAQ:GOOGL) Search Advertising

Amazon.com, Inc (NASDAQ:AMZN) has lately been performing quite well in terms of the search ad revenue it has been generating. Analysts have been checking out its performance for quite some time. They think the company could be the one to beat the duopoly of Facebook Inc (NASDAQ:FB) and Alphabet Inc (NASDAQ:GOOGL). Research findings The latest […]

TikTok Poaches Facebook, Inc (NASDAQ:FB) Staff To Boost Growth

Facebook, Inc (NASDAQ:FB) hasn’t yet started taking seriously the competition that TikTok poses. This is easy to tell, considering that the social media guru hasn’t yet listed it among its rivals. However, Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP) have already documented TikTok as a rival in their financial documents. TikTok and its aggressive approach […]

CannTrust Holdings Inc (NYSE:CTST) Takes Drastic Measures To Achieve Compliance

CannTrust Holdings Inc (NYSE:CTST) has decided to destroy some of its plants and inventory. These plants are worth C$12 million ($9 million), whereas the inventory is worth C$65 million. This decision has hit many by surprise, with some questioning the company’s move. They see the move as a drastic one! Company’s stand regarding the matter […]

AI Powered Algorithms Of Facebook, Inc. (NASDAQ:FB) Are Not Smart To Detect The Context Of A Post Or To Remove Abusive Posts

Facebook, Inc. (NASDAQ:FB) has over 2 billion users. Monitoring the content and removing objectionable content or posts involving hate content manually is a difficult task. To effectively handle this task, Facebook roped in AI (Artificial Intelligence) powered algorithms. However, in the recent European court of justice (ECJ) ruling, it is clear that Facebook’s much-touted AI-based […]

100,000 More Lawsuits In The Offing For Johnson & Johnson (NYSE:JNJ) On Injuries Related To Diabetes Drug And Vaginal Mesh Devices

2019 is the worst year for Johnson & Johnson (NYSE:JNJ). The company is ordered to pay $8 billion in punitive damages by the jury after it failed to warn the young boy over the side effects of an anti-psychoactive drug – Risperdal. According to the filing, Johnson & Johnson has pushed the doctors to prescribe […]

Uber Plans To Acquire Majority Stake In A Grocery Delivery Company – Cornershop

Uber is at the forefront of acquiring a grocery delivery company – Cornershop. It is taking advantage of Walmart Inc (NYSE:WMT)’s loss because the latter is facing regulatory hurdles in Mexico to acquire Cornershop. Uber might have paid over $225 million to take over Cornershop because Walmart offered more than $225 million, but failed to […]

Bowing To Pressure From China, Apple Inc. (NASDAQ:AAPL) Removes Crowd-Sourced Mapping App: HKmap.live

On increased pressure from China, Apple Inc. (NASDAQ:AAPL) confirmed the removal of the crowd-sourced mapping app: HKMap.live from its App Store. Hong Kong residents have been using this popular mapping app along with accompanying web service to locate the police presence and the closure of streets. The app is useful for the residents of Hong […]

Tesla Inc. (NASDAQ:TSLA) Looks To Capitalise On Chinese Auto-Market Even As The Government Pares Incentives On EVs

Tesla Inc. (NASDAQ:TSLA) is set to launch its first factory in Shanghai, China. However, the launch comes at a time when the electric vehicle industry is grappling with softening demand for EVs. The electric carmaker has been constructing a factory in shanghai that it expects to be operational by the end of 2019. Shanghai factory […]

Sprint Corp (NYSE:S) Under Probe By the FCC For Swindling the Lifeline Program

The Federal Communication Commission has accused Sprint Corp (NYSE:S) of defrauding customers of the Lifeline program. The agency says the company claimed millions of dollars in subsidies for close to 885,000 subscribers who weren’t using the service. Sprint collected payments of 885,000 subscribers not in the program FCC chairperson Ajit Pai has indicated that the […]

Nissan Motor Co Ltd (OTCMKTS:NSANY) Recalls 1.3 Million Cars Over camera Display Issue

Nissan Motor Co Ltd (OTCMKTS:NSANY) has announced a recall of close to 1.3 million vehicles in Canada and the US. The company is recalling the vehicles to fix faulty rear-view camera display. Various 2018 and 2019 Nissan Car models recalled The company announced a recall of the cars to fix a camera which can be […]