The IPO is likely to be Japan’s biggest to date with the majority of investors likely to come from within Japan. As per a report from DealWatch, a capital markets newswire, SoftBank Group Corp is preparing for an IPO of its mobile unit, which it plans on listing on the Tokyo Stock Exchange on December…
The woman has alleged that although Facebook’s executives knew minors were being lured into the sex trade on the platform they remained mute spectators. A woman in Texas has dragged social networking giant Facebook to court alleging that at the age of 15, she was raped, beaten and trafficked for sex by a pimp who…
The hike in 29% unplanned investment is due to rising cost of equipment. In a development that underscores a potential increase in demand for memory chips, SK Hynix Inc stated it would invest $17.8 billion (20 trillion won) in a new memory chip manufacturing plant which will open on Thursday in South Korea; the amount…
Users across the globe have taken to twitter with the #instagramdown hashtag, complaining that the service is down. On Wednesday, users of of Facebook’s photo and video sharing app, Instagram complained of outage. Users across several cities spread across the globe, including London, San Francisco and Singapore took to Twitter complaining about the outage with…
The info was disclosed by PSA’s director of mobility services at the Paris Motor Show. According to a senior executive from PSA, the maker of Peugeot and Citroen cars stated, it will launch a car-sharing service in Washington DC at the end October 2018. At the outset, PSA will use 600 Chevrolet cars in Courtehoux,…
The alliance is weighing its options of extending their collaboration in various technologies including, autonomous vehicles, advanced batteries and mobility services. On Wednesday, Renault-Nissan and Daimler stated, they could possibly expand their cooperation to include autonomous cars, battery technology and mobility services. “The industry being in transformation in the area of connectivity, autonomous cars and…
Facebook is in the process of investigating the extent and scope of the security breach. Facebook Inc has disclosed it is in the process of investigating whether a possible security breach, that was revealed last week, had impacted users of Workplace, its corporate chat app. With the reaching the market, Facebook’s shares were down by…
Sharp is finally making its long-awaited entry into the advanced display panel market. On Wednesday, Sharp Corp stated, it would place its first OLED smartphone for sale in Japan later this year. The announcement marks its long-awaited entry into the market for advanced panels as it plays catch up with Samsung Electronics. Sharp also aims…
BMW’s Oxford plant in southern England, which produced 60% of its vehicles in 2017, will take a significant hit. On Tuesday, BMW’s CEO Harald Krueger stated, he sees a 50% chance of Britain leaving the European Union without a trade agreement. In the case of a disorderly exit, BMW will be forced to shift more…
The fact that Google has selected Ubisoft for its video game streaming service underscores its technical prowess. Following a statement from Google that it partnered with French video games maker Ubisoft to test its video game streaming service, Ubisoft’s shares rose on Tuesday and outperforming the relatively dull European markets. In mid-trading sessions, Ubisoft’s shares…
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