Bezos Wants to Know if Musk Buying Twitter Will Change its China Content Policy

World’s second richest person Jeff Bezos wants if Twitter Inc. (TWTR) will change its china content policy following purchase of the company by the world’s richest man Elon Musk who bought the company for a jaw dropping $44 billion cash deal. Currently, Twitter is blocked in China where Musk has key business presence including a […]

William Ackman Suffers a $400M Loss After Selling Netflix Stake

American billionaire investor and hedge fund manager William Ackman has suffered a $400 million loss after selling a $1.1 billion stake in subscription streaming service and product company Netflix Inc. (NFLX) after the company announced that it had lost subscribers for the first time in ten years. Netflix revealed it has lost 200,000 subscribers in […]

Google Opening First Africa Product Development Center in Nairobi

Leading search engine Google will be setting up its first Africa product development center in Nairobi the capital city of Kenya. The company took on Twitter to make this announcement this week which comes as the company continues to serve a rapidly growing number of customers across the African continent. According the Google by 2030, […]

Activision Cooperating With Authorities Investigating Insider Trading Allegations

Santa Monica, California based video game company Activision Blizzard Inc. (ATVI) has disclosed that it’s fully cooperating with federal investigations following allegations of trading by friends of the company’s chief executive officer shortly before the company revealed its sale to Microsoft Corp. (MSFT). The company made this revelation in a regulatory filing it made with […]

Days of False Promises are Over Says Starbucks CEO

Howard Schultz, the chief executive officer of American chain of coffeehouses and roaster reserves Starbucks Corp. (SBUX) claims that the days of false promises are over. The CEO made the claim during a video addressing the company’s employees telling them ‘a lot of false promises over the last few years.’ “We are going to make […]

Tencent to Block Platform Which Grants Chinese Access to Unapproved Foreign Games

China based multinational technology and entertainment company Tencent Holdings Ltd. (HKG: 0700) which is also China’s largest social and gaming firm has said that it will be blocking a platform which allows Chinese gamers to play unapproved foreign games. The company made this announcement on April 14 further adding that on May 31st it will […]

BlackRock Set to Launch its First China ETF This Year

New York based investment management firm BlackRock Inc. (BLK) is planning to launch its first ever China exchange-traded fund (ETF) product this year. Sources with direct involvement in the matter have revealed that the product will be launched in China’s $220 billion onshore ETF market and BlackRock has already started hiring staff. BlackRock manages overseas […]

Nokia Ceases its Operations in Russia

Finland based telecommunication, information technology and consumer electronics company Nokia Oyj (HEL: NOKIA) announced have stopped its business activities in Russia, this was announced by the company’s chief executive, Pekka Lundmark, who said they are indefinitely suspending their business in Russia. “We just simply do not see any possibilities to continue in the country under […]

Google Backed Tech Platform VerSe Hits a $5 Billion Valuation Following an $805M Funding Round

India based local language technology company developing a discovery platform to consume and socialize with media VerSe Innovation announced having hit a $5 billion market valuation following a recently concluded $850 million financing round. The funding round by the Google backed company was led by Canada’s top pension fund and it attracted high ranking participants […]

Huawei CFO Meng Wanzhou Appointed Chairwoman in Rotating Role

Meng Wanzhou, the chief financial officer of Chinese tech giant Huawei Technologies (HWT) has been appointed the chairwoman of the company in a rotating role. Huawei announced this managerial appointment the company’s official website. Meng will serve as the Huawei’s chairwoman and also Huawei’s board of directors for six months however the company failed to […]