Netflix Inc has elevated its content manager, Ted Sarandos, to the position of co-CEO making the 20 year veteran a clear successor to co-founder Reed Hastings. The development comes in the wake of Netflix’s forecast that the growth rate of subscription is likely to slow down during the third quarter, sending its shares tumbling by…
Following, the recent hacking incident on its platform wherein several high-profile accounts were compromised, Twitter Inc said, it is delaying the launch of its new Application Programming Interface (API). “We have no evidence the incident had anything to do with our API, but we decided to move the launch to a more appropriate time,” said…
In a statement, Dell Technologies Inc said it is weighing its options on spinning off its 81% stake in VMWare, while adding if it were to choose this route, it would occur after September 2021. The evaluation of the potential sale was in early stages, said Dell while adding, it was looking at options which…
In a significant development, the twitter account of high-profile figures, including U.S tech entrepreneur Elon Musk, Bill Gates, Jeff Bezos, reality TV star Kim Kardashian, U.S. presidential candidate Joe Biden, former U.S. President Barack Obama, among many others have been hacked and used to solicit digital currency. In a sign that marks the seriousness of…
On Wednesday, India’s Reliance Industries stated, Alphabet Inc’s Google has decided to purchase a 7.7% stake in its digital business for $4.5 billion. The development marks yet another U.S. tech giant backing Reliance Industries’ digital business following Facebook Inc doing so in April 2020. In a webcast at the company’s annual shareholders meeting, Reliance Industries’…
On Wednesday, Nissan Motor Co unveiled its first global model in the last five years – the Ariya electric SUV in the hope that it will lead to its recovery following a year of scandal eating into its earnings. According to sources with knowledge of the matter at hand, initial plans through for the Ariya…
In a report citing an internal video message, Bloomberg News reported Apple Inc as saying, it had informed its staff that a full return to U.S. offices will occur only after the end of this year. Apple is also encouraging staff to work remotely as a means to mitigate the COVID-19 risks, after the coronavirus…
In what is the biggest deal in the United States so far this year, chipmaker Analog Devices Inc has decided to acquire rival Maxim Integrated Products Inc for around $21 billion, with an aim to boost its market share in automotive and 5G chipmaking. Following the acquisition, ADI will have a combined enterprise value of…
In a momentous decision British Prime Minister Boris Johnson is set to ban China’s Huawei from Britain’s 5G network on Tuesday. The development comes at a time when the Chinese company is facing heightened scrutiny over allegations that it can hand over sensitive data to Chinese intelligence following Beijing’s enacting a National Intelligence Law which…
On Monday, in a significant development, authorities in Singapore stated, a blockchain-based payments network that could enable faster and cheaper international settlements has been developed and will soon be ready for a commercial rollout. During the final phase of the years-long ‘Project Ubin’, the Monetary Authority of Singapore teamed up with J.P. Morgan and state…
