In a significant development 37 U.S. state and district attorneys general have sued Alphabet Inc’s Google alleging that the search engine giant’s search and advertising policies violates antitrust law. The lawsuit, one of a series that has been filed against Google in the United States, comes in the wakes of complaints from app developers regarding…
In a significant development, former U.S. President Donald Trump has filed several lawsuits against Alphabet Inc’s Google, Twitter Inc, and Facebook Inc, alleging that the tech giant have unlawfully silenced conservative points of view. Trump has also filed lawsuits against the CEOs of these three social giants. Trump’s lawsuits, filed in the U.S. District Court…
Two of China’s very popular mobile apps, Tencent’s WeChat and Ant’s Alipay have blocked the light-version app of Didi Global Inc’s ride hailing services in China for new users, said a source familiar with the matter at hand. Didi’s service continues to be available to users who have used them on the platforms earlier, said the…
A A$22.26 billion ($16.7 billion) purchase of Sydney Airport Holdings Pty Ltd has been proposed by a group of infrastructure investors which will be largest ever buyouts of Australia. According to analysts, this proposal was based on longer-term view of the travel sector that has been severely affected by the Covid-19 pandemic. Currently the interest…
The head of the Tokyo Stock Exchange (TSE) said that the bourse has asked Toshiba Corp to make “prompt and appropriate” disclosure about the expanding governance scandal and such a disclosure should include the persons responsible for the scandal. Hiromi Yamaji said that one of the major consistent problems for the company was transparency in…
On Tuesday, Pleo, a Danish fintech platform which offers expense management tool and smart company cards, said it had raised $150 million from U.S. investment firms Bain Capital Ventures and Thrive Capital in its latest funding round which valued it around $1.7 billion. The company has more than 17,000 customers across Denmark, Sweden, Germany, the…
Marketplace data shows, the non-fungible tokens (NFTs) market has surged to new highs during the second quarter clocking $2.5 billion in sales, up from just $13.7 million in the first half of 2020. An NFT is a crypto asset, representing an intangible digital item such as an image, video, or in-game item. Owners of NFTs…
In a statement the CEO of Kaseya. The US IT company that has been at the center of a massive ransomware attack saud, between 800 to 1,500 businesses around the globe have been affected by the ransomware attack. In an interview, the CEO of the Florida-based company said, it was hard to estimate the precise…
On Friday, in a report Nikkei Asia said, Apple Inc and Intel Corp have emerged as the first adopters of Taiwan Semiconductor Manufacturing Co’s next-generation chip production technology ahead of its deployment in 2022. Both tech companies are testing their chip designs with TSMC’s 3-nanometer production technology, said sources briefed on the matter. These chips will be available…
US Financial services firm Robinhood, which is at the center of Wall Street’s recent retail trading frenzy, disclosed that it plans on listing itself on Nasdaq in a regulatory filing. The notification sets the stage for one of the most hotly anticipated initial public offerings of the year.
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