Markets

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 […]

Nuro Granted Permit to Deploy Autonomous Vehicles in California

Mountain View based robotics company Nuro received first ever permit from authorities allowing the company to commercially disperse its autonomous vehicles in California. This means good news to Nuro since it will now be able to charge its clients for self-driving delivery services. Since 2017 the company has been testing autonomous vehicles in California’s roads […]

Elon Musk Once Wanted to Sell Tesla to Apple

Founder and CEO of leading electric vehicle manufacturer Tesla Inc. (TSLA) has revealed that he once approached IPhone manufacturer Apple Inc. (AAPL) with an intention of selling his company to the tech giant. Musk says there was a time the company was experiencing financial distress due to the ‘Model 3 program’ which wasn’t picking up […]

Apple Won’t be Giving Wistron any Business Until it Resolves Plea of its Workers

IPhone manufacturer Apple Inc. (AAPL) won’ be giving its Taiwan based supplier Wistron Corp. (TPE: 3231) any more business until the company solves wrangles with its employees based in a southern India factory. This probation comes after an audit by Apple revealed there was violence in Wistron plant in India’s Karnataka state. Apple said such […]

Adidas Considering Selling Struggling Reebok Brand

German based shoes and clothing designer and manufacturer Adidas AG (ETR: ADS) is considering selling its Rebook brand citing that the brand it acquired in 2006 for $3.8 billion has been struggling business wise. The company held a meeting in which it tabled various strategic options including a possible sale of Reebok brand. Adidas final […]

AstraZeneca to Acquire Alexion Pharmaceutical in a $39 Billion Deal

Europe based leading pharmaceutical company AstraZeneca Plc. (LON: AZN) will be purchasing fellow U.S based pharmaceutical company Alexion Pharmaceuticals Inc. (ALXN) in a deal worth $39 Billion, this will be the largest deal ever inked by AstraZeneca. This acquisition will help AstraZeneca to expand both its immunology and oncology businesses as well as expand its […]