In its ‘Year in Sport’ report, fitness-tracking app Strava stated, every month nearly 1 million people are signing up for its fitness-tracking app which now tracks the activity trends of 48 million people in 195 countries. According to the report, nearly 7.5% of UK adults are on Strava and that they cumulatively ran 308.5 million…
In a development that underscores deepening legal troubles for Chinese video-sharing app TikTok, a California college student has filed a class-action lawsuit against it alleging that it has transferred private user data to servers in China. The allegations deepen legal troubles for TikTok, owned by Beijing ByteDance Technology Co, in the United States, and comes…
The development revolves around a highly invasive technology called Mobile Device Management. On Thursday, antitrust authorities in Russia disclosed, they have begun investigating Apple Inc following a complaint from cybersecurity firm Kaspersky Lab that Cupertino may be abusing its dominant market position. Russia’s FAS stated it was investigating why a new version of Kaspersky Lab’s…
The lawsuit is in the same line as those it filed against Facebook and Snap last year. BlackBerry Ltd has filed a patent infringement lawsuit against Twitter alleging that it illegally used technology that it developed on its mobile messaging applications. The lawsuit states, Twitter wrongly sought to compensate for being a “relative latecomer” to…
The forward-looking purchase of the stake is of strategic significance as it revolves around the future of mobility. In a strategic move, Volkswagen has purchased a controlling stake in Volvo’s WirelessCar, a digital service developer which specializes in connected driving, for $122 million (1.1 billion Swedish crowns). In a statement Volkswagen stated, WirelessCar’s technology would…
The strategic move places Uber in direct competition with venture-capital backed startup Citymapper. On Tuesday, as per a report from the Financial Times which cites source familiar with the matter at hand, Uber Technologies Inc plans on integrating the bus and Tube timetables of Transport for London. The development will place Uber in direct competition…
In 2006, Google had entered China only to leave in 2010 over an escalating dispute with regulators that was capped by what security researchers identified as state-sponsored cyberattacks against Google and other large U.S. firms. According to a transcript of a meeting between Google’s CEO and its employees, the search engine giant is not close…
Citi’s digital gamble will have to be weighed against customer preferences of wanting to walk into a brick-and-mortar branch and interact with an actual human being regarding their investments. The bank is short on deposits and is betting on its tech know-how to bridge the deposit gap with its peers. Citigroup Inc, part of the…
Although many app-only banks have sprung up across Britain, Revolut outshines the crowd since it is the digital bank to integrate an investment platform into its app alongside everyday banking services. On Thursday, Britain’s digital-only bank, Revolut, stated as part of an efforts to further bring innovation and competition into the financial services sector, it…
Through Waze and Waymo, Alphabet’s strategy of positioning itself as a key player in the transportation industry becomes clear. In what is seen as the largest ever rollout of Alphabet-owned Waze, starting from next week, the navigation app will expand its carpool service throughout California, including the key car hub of Los Angeles. The ride…
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