Facebook recently released a content transparency report but did not make public the most viewed post by users in the United States for the last quarter. Facebook apparently buried a similar report for the first quarter of this year because the company feared that it would have made the social media giant look bad. Facebook […]

Toys R Us has seen some rough years but it is all set to make another comeback. This time it is doing so in partnership with Macy’s. The development comes as Macy’s has seen a surge in toy sales during the coronavirus pandemic. The iconic retail brand has therefore decided to strengthen its presence in […]

Leading electric vehicle maker Tesla has announced a change in its non-refundable order fee. The company said that it has raised the fee. It will now charge customers more than two times the existing fee. Tesla’s increased non-refundable order fee stands at USD 250 after the hike. Tesla, headquartered in California, has updated its revised […]

Despite representatives of the US Congress debating for well over 50 hours on the subject of the $1 trillion infrastructure package, all 2,700 pages of the bill, it still is not guaranteed to get passed. However, it is not simply its enormity that makes it noteworthy. The bill was approved 69-30 majority by 100 members […]

The semiconductor shortage is something that was least expected as the outcome of the coronavirus crisis. This has affected the production of almost everything. Such has been the impact that many governments are considering to start production in their countries. This is crucial as so far Taiwan has dominance over the semiconductor industry. So much […]

It seems Facebook could be forced to sell online image platform Giphy, which it purchased for USD 400 million. Giphy is a platform that lets people express their feelings through animated images commonly known as GIFs. The UK regulators feel that the acquisition of Giphy by the social media giant would harm competition. The Competition […]

Sinclair Broadcast Group has not been able to resolve a dispute with satellite TV provider Dish. As a result, DISH Network could drop more than 100 channels of the media company. Baltimore-based Sinclair said that the agreement between the companies is expiring on August 16. It is very unlikely that they would agree to any […]

Billionaire Bill Gates has transferred around USD 2.4 Billion worth of stocks to his ex-wife Melinda French Gates. This was part of the process of dividing assets as their divorce has now been officially finalized. After this transfer of stock, Microsoft co-founder Gates has dropped to the fifth position in the real-time billionaire ranking list […]

Chinese smartphone maker Xiaomi has no presence in the United States. Despite this, the smartphone maker has left behind Samsung and Apple to become the best smartphone selling brand globally. It had recently dethroned Samsung in the European market. According to Counterpoint, Xiaomi had 17.1 percent of the total market share globally in June. Its […]

Twitter founder Jack Dorsey’s digital payments company Square is buying Australian fintech company Afterpay. Square is looking to expand its footprint further into the booming installment loan market and the company feels that the acquisition will give it a much-needed push. Square has agreed to acquire a ‘buy now, pay later’ company for USD 29 […]

At a time when the hotel industry is trying to recuperate from the losses because of Coronavirus-induced lockdowns, Indian hotel start-up Oyo is all set to make a strong comeback. This is because Microsoft is reportedly in advanced level talks to invest in the hotel start-up valuing it at around USD 9 billion. According to […]

Google has been asking employees to return to offices after the number of Covid-19 cases started plummeting. But chief executive officer of Alphabet, the parent company of Google, Sundar Pichai has now decided to delay it amid rise in cases of Delta variant in the United States. In an email to employees, the CEO said […]

General Motors has dragged its rival Ford to court over the use of ‘BlueCruise’ for branding its hand-free driving technology. The American car manufacturer has sued Ford after it renamed the self-driving system Blue Cruise. Ford earlier used to call it Co-Pilot360. It renamed the technology in April. GM said that the move was necessary […]

Amazon has decided to investigate the allegations of discrimination within its Amazon Web Services unit. For this, the tech giant has hired an outside investigator. The development comes after a petition got circulated and garnered hundreds of signatures. The petition by an employee alleges discrimination and bias against women and groups that are under-represented. The […]

Electric vehicle start-up Rivian has raised USD 2.5 billion in the latest fundraising round that was led by Amazon and Ford Motor. The company said that it has so far raised around USD 10.5 billion to date. Rivian had raised USD 2.65 billion in the month of January and another USD 2.5 billion round in […]

Software giant Salesforce has announced that it has closed USD 27.7 billion purchase of messaging app Slack Technologies. The record acquisition comes at a time when the company is shifting focus on a digital work-from-anywhere technology that can be big in demand in the future. Salesforce CEO Marc Benioff said Slack and Salesforce jointly will […]

Taco Bell has informed customers that they may not be able to find their favorite dishes at some locations because of the nationwide supply shortages. The company said that it running out of some ingredients and this may force it to change menu options. Informing about the situation on its website, the California-headquartered company said […]

Dish Network has signed a USD 5 billion deal with AT&T to make it a primary network service provider for its customers. The has brought the two companies closer once again. Earlier in 2017, Dish founder and billionaire Charlie Ergen had almost finalized a deal to sell the company to AT&T. But the deal did […]

Ericsson is has signed a multi-year deal with Verizon under which it will help the latter to expand its 5G network in the United States. The deal is worth USD 8.3 billion and is the biggest ever for the Swedish telecom company. As part of the deal, Verizon will use the technology solutions and equipment […]

Nordstrom has announced its decision to acquire a minority stake in four fashion brands owned by a British fashion house Asos. Nordstrom has signed the deal with an intention of attracting more customers in their 20s. The brands that are part of the deal include Miss Selfridge, Topshop, Topman, and the activewear label HIIT. Financial […]