Uber’s public flat – the most anticipated tech stock IPO in the US since the Facebook IPO, failed to perform according expectations on Friday. According to data from Dealogic, Uber’s IPO performed fifth worst in 24 years according to at least one measure – the weakest one-day return by a company that had a value…
A new mobile app will be launched by sports apparel manufacturing company Nike which is powered by a new augmented reality tool which can be used by users to actually measure the size of their feet and accordingly suggest the sneakers that would be the best fit. And while many would try and say that…
Ford is reconceptualizing its vehicle line up as well as the future business strategy, say officials of the US car making company while announcing that it is set to unveil later this year its first long-range electric vehicle. In its more than 100 year history, Ford is undergoing the most dramatic transformation as the company…
In an interview to the television news channel CNBC from Berkshire Hathaway’s annual shareholder meeting over the weekend, Apple’s CEO Tim Cook has said that on the average, the company acquires one company at a difference of every two to three weeks. A total of about 20 to 25 companies had been purchased by Apple…
There is increased competition from those websites which are used for purchasing products and those which are perceived to be free of potentially offensive content and this is affected the largest U.S. digital advertising platform – Alphabet Inc’s Google, according to information available from advertising buyers. Earlier this week, its slowest quarterly revenue growth in…
Having found guilty of charging doggy fees from their customers for years, the big banks of Australia are now preparing to amass huge sums of money worth billions of dollars for repaying the cheated customers. The Australian banks were once considered to be amongst the most profitable in the world. The latest Australian bank to…
Softbank’s global investment vehicle Vision Fund will also be participating in this funding round. As per a source with knowledge of the matter, Japan’s Softbank is expected to announce a $1 billion investment in Colombian delivery app Rappi. SoftBank’s investment in Rappi, marks its first from the newly created Latin America focused Innovation Fund. As…
Alphabet stocks fell by at least 7 per cent after the US tech giant announced a sharp drop in its ad revenue growth. The fall has been blamed on an algorithm in YouTube which caused lower engagement and consequent lower growth in revenues on the site, said Alphabet’s CFO Ruth Porat. “While YouTube clicks continue…
According to a report published by TechCrunch, German auto maker Daimler plans to stop selling its all-electric smart fortwo cars in the U.S. and Canada and introduce it in China. This decision was taken by the company after the small car failed to leave a mark in the North American market. TechCrunch has reported that…
The global chip market which apparently has softened considerably, after years of booming growth, hit the first-quarter net profits of South Korean electronic giant Samsung Electronics hard. The biggest smartphone and memory chip maker of the world reported a slump in profits for the most recent quarter. The company reported a 56.9 per cent year-on-year…
