Uber closing customer support office in downtime Los Angeles

Uber Technologies Inc will be closing its office in downtown Los Angeles in order to focus on its bigger locations. This office used to employ staff for customer support. The development will impact 80 jobs. Uber’s spokesman confirmed the closure in a statement. Customer support jobs will be shifted Uber’s office in Manila, reported the…

Samsung Display to invest $11 billion on facilities and R&D by 2025

Of the 13.1 trillion won, Samsung Display aims to spend 10 trillion won on facilities and the balance on research and development. On Thursday, South Korea’s presidential office issued a statement saying, Samsung Display plans on investing $11.0 billion (13.1 trillion won) on facilities and research by 2025. Samsung Display is a unit of Samsung…

SoftBank Group invests $400 million in Abu Dhabi’s Mubadala Investment Co

Abu Dhabi’s state-owned Mubadala Investment Co is aiming to invest between $5 million and $30 million in European startups. On Monday, as per a report from the Financial Times, Japan’s SoftBank Group has provided nearly 50% of the cash for the new $400 million fund by Abu Dhabi’s state-owned Mubadala Investment Co. Mubadala Investment Co,…

Virtual currency exchanges at risk of market manipulation: Report from NY Attorney General’s office

The report by NY Attorney General’s office is based on a study of several online platforms where virtual currencies, including bitcoins, are regularly traded. According to a report published by the New York Attorney General’s office, cryptocurrency exchanges are typically plagued by poor market surveillance, lack sufficient customer protections, and have pervasive conflicts of interest.…

Salesforce.com launches ‘Essentials’ – apps for small and medium-sized businesses

Essentials is aimed at bridging the gap in its market – which till now have catered to large firms. With this Salesforce.com aims to cover every segment of its market. In a step aimed at mitigating air pockets in its market, Salesforce.com Inc has launched new customer service and sales software tailored specifically for small…