Facebook was fined since it had presented incorrect data on its transporency report on illegal content on its social media platform. In a significant development, German authorities have fined levied a fine of $2.26 million (2 million euros) on Facebook for providing a “distorted picture of the amount of illegal content on the social media…
The deal has multiple synergies that bode well for Exabeam. Exabeam, a California-based cybersecurity firm stated it has acquired Israeli cloud application security company SkyFormation for an undisclosed amount. The financial details of the acquisition are yet to be disclosed. Exabeam’s first acquisition follows its recent $75 million funding round. The deal will enable Exabeam…
The deal is aimed at expanding Axel Springer’s growth strategy through targeted online job recruitment advertisements. Axel Springer, a German publisher stated, Stepstone, its jobs portal, had acquired a 85% stake in Appcast for around $79 million. Appcast is a U.S. tech company that specializes in programmatic advertising. Programmatic advertising uses automation to serve job…
German lender Deutsche Bank plans to become more effective in wealth management business segment because it believes it would bring in steadier revenue streams and has plans to recruit an additional 300 relationship and investment mangers for that business by 2021. There is a major restructuring under way at Deutsche Bank and the company now…
For the United States based tech companies, 2019 has been a good year for growth so far even as US lawmakers have been contemplating the question – how big is too big. Over the past six months, there has been a 25 per cent value enhancement in the market value of four of the five…
Following a massive 20 years of negotiations, a huge trade deal has been struck between the European Union and the South American economic bloc Mercosur. This was the largest trade deal ever for the EU, said the block’s Commission chief Jean-Claude Juncker and added that the two parties have shown that “we stand for rules-based…
After the discovery of a new flaw in Boeing’s most sold and currently globally grounded 737 Max jets by the United State airline regulators last week, analysts say that it would not be until late this year that the jest would be allowed to fly once again in the air, claimed reports published din the…
Telecommunications equipment maker Nokia believes that the tirade against the rival Chinese firm Huawei – the largest manufacturer of telecommunications equipment in the world, has been a “net positive” it. The comments were made by president of mobile networks at the Finnish company, Tommi Uitto. Nokia now has the opportunity for grabbing market share because…
When Microsoft invested in Adaptive Biotechnologies – a an experimental health-care firm, in late 2017, it aimed to test out how its advanced cloud technology works in the area of life sciences as well as to make some profits as a major shareholders of the company. And now it appears that both the aims of…
The largest social media platform in the world in terms of user numbers – Facebook, had been consulting experts from outside of the company for examining the content review process of the company. The outcome of the consultations and discussions were revealed by the company on Facebook which provided a glimpse in the plans of…
business-gurus.com 