Some of China’s biggest gaming firms experienced a 10 percent decline in shares on Tuesday, after being labelled as “spiritual opium” by a state-owned media outlet. China’s largest social media and video games firm Tencent recorded a plunge of 10 percent during early trade, while NetEase lost as much as 14 percent in Hong Kong; […]
News
Social media platforms have the power to turn fiction into facts. Facebook, Instagram, Twitter, and several other platforms function as a powerful distributing machine for data. Thus, with great power comes great responsibility, and Twitter is staking a step further to ensure its power is in the right hands. In a blog post, the micro-blogging platform officially announced […]
European Union regulators are opening an in-depth investigation of Facebook’s plan to buy Kustomer over concerns that the deal would stifle competition for customer relationship management software. The EU Commission said Monday it’s also investigating the acquisition because of worries that Facebook would get more data for personalized ads, handing it even more of an […]
It’s a sad day for Android users holding on to older versions, as a new rule set by Google suggests that older Android devices running Android 2.3.7 Gingerbread or older will not be able to utilize the multinational tech company any longer. Google sent out an email recently justifying the new changes for old Android users, noting that as part of the tech giant’s ongoing efforts to keep users safe, Google will no longer […]
Luxembourg National Commission for Data Protection (CNPD) penalized on July 16 e-commerce titan Amazon with a roaring $888 million fine over allegations of violating EU’s data protection laws. The decision came against Amazon Europe Core under the pretense that Amazon is processing customer personal data. The verdict is based on a 2018 complaint by French […]
Digital payments company Square Inc. says it has agreed to acquire Afterpay, which provides a “buy now, pay later” option for merchants, in an all-stock deal valued at about $29 billion. Square allows retailers to process credit card transactions using devices that plug into tablets or smartphones. The San Francisco-based company said Sunday it plans […]
Famous Beijing-based giant Didi denied any allegations of plans to go private in a bid to satisfy the Chinese government amidst latest regulations concerning users’ data security. After the Wall Street Journal released a report discussing the possibility of Didi going private, the ride-hailing app’s shares increased by approximately 50 percent in Thursday’s pre-market trade. The company has been targeted by Beijing regulators ever […]
Google is charging people for their digital purchases in its Play Store through an “unfair and excessive” manner, according to a new legal lawsuit filed against the tech giant. On behalf of 19.5 million Android phone users in the UK, the legal action is seeking up to $1 billion from Google. The lawsuit has been filed with the Competition Appeal Tribunal in London by former […]
When it comes to famous memes from the 2000s, millennials are just never going to give them up. Anyone who was active on the internet since 2009 surely stumbled upon Rick Astley’s music hit “Never Gonna Give You Up.” Almost 12 years later, and the music video has exceeded one billion views on YouTube on Wednesday. For the Generation Z who weren’t surfing the web at that time, the video itself started off as […]
Almost nine months after its launch, and the PlayStation 5 has become Sony’s fastest-selling console in the company’s history. The PS5 has officially surpassed its PS4 predecessor, as more than 10 million PS5 have already been sold. Back in April, Sony revealed that the PS5 sold 7.8 million units, which means it racked up more than 2 million in sales since then. Even though the Japanese multinational entertainment business is grappling with […]