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 […]
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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 […]
Asian stocks mostly rose Thursday after the Federal Reserve kept its accommodative monetary policies and signaled that economic recovery was on track. Chinese technology giants led the way, as authorities moved to soothe jitters over anti-monopoly and data security enforcement against the industry. Tokyo’s Nikkei 225 gained 0.4% to 27,687.28, while the Kospi in South […]
Tesla’s quarterly profit has surpassed $1 billion for the first time thanks to the electric car pioneer’s ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers. The financial milestone announced Monday extended a two-year run of prosperity that has erased questions about Tesla’s long-term viability raised during […]
China’s industry ministry has announced a 6-month campaign to clean up what it says are serious problems with internet apps violating consumer rights, cyber security and “disturbing market order.” The Ministry of Industry and Information Technology said in an online notice that, among other things, companies must fix pop-ups on apps that deceive and mislead […]
There has never been a time where technology has been such a cash cow more than now; especially with the emergence of embedded finance within every corner of almost every app we use day-in and day-out. All of us at some points have used embedded finance whenever we use a service on our phone. For those who aren’t familiar […]
U.S. tech giant Microsoft is in the final stages of talks with the Telangana government in India to set up a data center with an investment ranging between $2 billion to $2.25 billion, local media reports. If the discussions come to fruition, this would be one of the major investments of Microsoft outside the U.S. A few months earlier, Telangana Minister for IT and Industries KT Rama Rao […]