A new report published in the New York Times has put Facebook in a new controversy allegedly over its usage of tactics for discrediting its critics, embarrassing rival companies and to soften issues at the firm. The methods that are used by the largest social media platform and a public relations company for denying and…
An ambitious expansion plan worth multi-billion euros would form the basis of German car maker Volkswagen to transform itself into the most profitable electric car manufacturer of the world, said Chief Executive of the car maker Herbert Diess. According to the executive, VW will explore possible areas of cooperation with US car maker Ford apart…
SAP’s CFO, Luka Mucic stated, the German business software firm will be able to scale up growth and profitability at Qualtrics. On Friday, SAP’s Chief Financial Officer, Luka Mucic stated, the German business software company expects its margins to continue to expand despite its $8 billion acquisition of U.S. online consumer sentiment tracking company Qualtrics.…
As of September 29, 2018, Intel had reported that its share buyback warchest had a balance of $4.7 billion. U.S. chipmaking giant Intel Corp has disclosed, its board has approved a $15 billion increase in its share buyback program. As of September 29, 2018, Intel had reported that it had $4.7 billion remaining under its…
The global crypto currency market again dropped this week triggered by a fall in bitcoin. Since the beginning of the year, there has been a constant drop in the crypto value across various digital currencies. The crypto currency fell to its lowest in over a year and dropped below the critical support level of $6,000.…
While an industry group prefers the adoption of a wifi-based technology for next-gen cars, others, including Intel, Vodafone, Ericsson, Deutsche Telekom, Qualcomm, Samsung, Daimler, Ford, PSA Group, and Huawei are pushing for an alternative 5G standard. BMW, Vodafone and Ericsson have reportedly made a last-ditch effort to persuade the European Commission to open the doors…
Bidding for the on the 28 Ghz and 24 Ghz band in the 5G spectrum has begun in the U.S.. In a significant development, the Federal Communications Commission has launched the first high-band 5G spectrum auction as it works to clear space for next-generation networks. Bidding on the 28 GHz band has begun on Wednesday.…
Tiger Global Management hedge fund led the funding round along with existing investors Coatue Management and Valiant Capital. As per a source familiar with the matter at hand, Grocery delivery startup Instacart has raised an extra $271 million in its latest funding round to $871 million with U.S. hedge fund Tiger Global Management leading the…
Natural gas is expected to overtake coal as the world’s second-largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday, The Paris-based IEA said in its World Energy Outlook 2018 that energy demand…
The funding round saw Netskope’s valuation top more than $1 billion. The cloud-security firm will utilize the funds to expand its R&D, sales and data centers. Netskope, a cloud-security firm, said it has raised $169 million in its latest fundraiser which valued it at more than $1 billion. Netskope will channelize the funds to expand…
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