In a statement Facebook’s Instagram said, it will launch advertising on its Shop feature globally, in an aim to earn money from brands. Instagram Shop is a tab on the photo and video sharing app that lets users browse items such as clothes and beauty products and even purchase the items directly from within the…
In a significant development, the European Union government and parliament negotiators have reached a landmark deal which defines rules to force large multinational companies to disclose the quantum of revenue they generate in the country and pay tax accordingly in the 27-nation bloc. The new law, which was proposed by the European Commission in 2016,…
On Monday, in a significant development South Korea’s LG Electronics Inc said it will stop the production and sales of its loss-making smartphone division. Earlier this year in January, LG had announced that it was considering all options for the business after recording nearly six years of losses totaling to nearly $4.5 billion. Talks to…
Elon Musk, Tesla Inc’s CEO plans on listing his space internet venture, Starlink, in the years ahead when revenue growth is predictable and smooth. “Public market does *not* like erratic cash flow haha,” tweeted Musk. In 2019, Musk said Starlink was an important new revenue stream for Space Exploration Technologies, SpaceX. In February 2020, SpaceX’s…
The adoption of electric vehicles and plug-in hybrids in the U.S. is likely to be a win-win scenario for carmakers and utilities if the latter were to expand their range of services and increase their revenue streams. As per the results of a study released on Tuesday, an increase in demand for electric vehicles in…
For Adobe the acquisition makes sense since Marketo’s expertise lies in its business-to-business marketing applications which would compliment its own. According to sources familiar with the matter at hand, Adobe Systems Inc is in negotiations to acquire privately held cloud-based marketing software company Marketo Inc. The deal will boost Adobe’s cloud offerings and improve its…
Competing with Alphabet’s Google, Microsoft Corp, Box Inc and Amazon.com Inc, in the cloud storage space, Dropbox Inc reported its 2017 revenue at $1.11 billion. Dropbox Inc has filed for an initial public offering (IPO) of 36 million shares thus valuing the firm at more than $7 billion. Its filing information shows that it expects…
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