Markets

Social networking platform where users gather to share ideas and insights Reddit Inc. has confidentially filled for a United States initial public offering (IPO) with the market regulator, Securities and Exchange Commission (SEC). Reddit made this announcement on December 16. Earlier in the year, Reddit held a private funding round which left the company with […]

United States based multinational chain of coffeehouses and roastery reserves Starbucks Corp. (SBUX) has closed down two of its outlets in China following reports that expired ingredients to make drinks in the outlets. This act goes against food safety rules. This development was first reported by the Beijing Newspaper claiming to have arrived at the […]

United States based automotive manufacturer Ford Motor Co. (F) is aiming at tripling production of its all electric Mustang Mach-E SUV by the year 2023 for North America and Europe, this means that the company will be producing over 200,000 units of the car annually. This announcement was made by the company’s chief executive officer, […]

Leading tech company running various social media platforms Meta Platform Inc. (FB) will be reopening its United States offices come January 31. The recently rebranded company, however, says any employees who will not be ready to return to offices by then will have an opportunity to defer their scheduled return by 3 to 5 months. […]

Leading technology company Samsung Electronics Co Ltd (KRX: 005930) announced that it will be merging its mobile and consumer electronics divisions in efforts to simplify its structure and focus on expanding its logic chip business. This comes as the biggest reshuffle and restructuring by the South Korea based company since 2017 additionally, the company also […]

Leading Chinese online retailer Alibaba Group Holding Ltd (BABA) announced that it will be restructuring the top management of its domestic and international e-commerce business, among the changes include naming a new chief financial officer. The company has named Toby Xu, as its new CFO and he will be the office staring April next year. […]

India based ride- hailing company Ola announced that it’s planning to have its initial public offering (IPO) on the first half of next year. During this revelation, the company’s chief executive, Bhavish Aggarwal, said that although Indian start-ups have been developing cold feet of going public due to recent volatility and lackluster, that doesn’t bother […]

Software company providing open-source tools and commercial products to enable developers connect and run cloud-computing infrastructure HashiCorp says that it is aiming a $13 billion market valuation following its upcoming U.S initial public offering (IPO). The company is seeking to capitalize on the high number of investors interested in putting their investments behind software enterprise […]

Leading German automotive manufacturer Volkswagen AG (ETR: VOW3) has poached Apple Inc.’s (AAPL) head of global battery development, Ahn Soonho, to the automotive maker where he will be heading the company’s development of electric vehicle batteries. This switch seems to be a recent pattern taking shape since this marks the second senior executive leaving the […]