Although tech companies are on the same page as the Trump Administration on it’s findings on the Section 301 investigation, it is of the view that the current strategy is not sustainable and results could be better achieved through an international coalition that challenges China at the World Trade Organization. On Monday, a trade group…
In its efforts to stop the proliferation of fake news on Facebook, the company will now ascertain the identity of people who own and run popular pages. The company will audit all “large” pages and any page that fails to clear the identification process would not be allowed to make further postings, said chief executive…
In the wake of corruption scandal revolving around the Samsung Group Hyundai Mobis has come under investor and government pressure; investors have also criticised the conglomerate of stripping Mobis of valuable assets and favoring the controlling Chung family at the expense of shareholders. As per two sources familiar with the matter at hand, Hyundai Mobis…
Equifax’s data breach is likely to be one of the most costly hacks in corporate history. The credit reporting firm is already facing a series of class action lawsuits and investigations by the U.S. Federal Trade Commission and various state attorneys general. A ruling by Suffolk County Superior Court Judge Kenneth Salinger in Boston, which…
Facebook’s CEO, Mark Zuckerberg statement that the data breach does not have “any meaningful impact” should be seen within the context of the scores of investigation this scandal has kicked off including by the U.S. Federal Trade Commission, investigations into the incident and its impact by 37 U.S. state attorneys general as well as by…
Founded by former Amazon employees Binny Bansal and Sachin Bansal in 2007, Flipkart controls almost 40% of India’s online retail market, as per Forrester, a research firm. Indian local news daily, Mint has reported citing sources familiar with the matter at hand, Amazon.com Inc is likely to place an offer to acquire its Indian peer…
Coincheck’s heist earlier this year saw Japan becoming the first country in the world to regulate the cryptocurrency industry. The potential acquisition of Coincheck by the Monex Group would bring it in the leagues of larger players such as Money Partners Group and the GMO Internet Inc.
While Mercari has gained traction in Japan and Britain, in the U.S. although it does not any direct competitor, it is to be seen how it will mitigate challenges from tech giants, including eBay Inc and Amazon.com who dominate the e-commerce market. Riding on the success of a recent funding round which boosted its market…
The music streaming giant will use Citadel Securities, as a market maker, and Morgan Stanley to set its opening price on the NYSE on Tuesday. The New York Stock Exchange has set the reference price for Spotify Technology SA’s shares at $132. Its shares are expected to start trading on Tuesday. Incidentally, Spotify is pursuing…
Softbank Group has spread its investment across major players in India’s burgeoning e-commerce market, including in home-grown Flipkart, Snapdeal and Paytm E-Commerce. As per a regulatory filing, as part of a funding round that values India’s Paytm E-Commerce Pvt. Ltd at $1.9 billion, Japan’s SoftBank Group will invest $400 million with exsiting investor Alibaba also…
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