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…
In addition to ending the special trade status for Hong Kong, United States president Donald Trump also signed an executive order to impose stricter sanctions targeting Chinese businesses and officials in reaction to the new Chinese national security law being imposed in Hong Kong at the beginning of this month. While condemning the move, China…
A lawsuit seeking class action status has alleged that even after users of alphabet Inc’s Google’s apps follow the company’s recommended settings for stopping monitoring of what they are doing, the company continues to record the activities of on hundreds of thousands of mobile apps. The law suit against Google has been filed by the…
According to data released by the app-analytics firm SensorTower, after United Based tech giant and iPhone maker Apple Inc closed a loophole to comply with Chinese licence requirements, authorities in China have removed more than 2,500 mobile games from Apple’s China app store. This was done in the first week of July and it as…
In a reversal of sorts, the United Kingdom has directed all telecom companies of the country to remove all components and equipment from the Chinese telecom equipment making giant Huawei from their 5G networks by 2027. This has renewed a clash between London and Beijing. Additionally, after the end of the current year, UK telecom…
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…
