April Fool’s Day is National Burrito Day and Chipotle is giving away $100,000 of the Tex-Mex delicacy or $100,00 in Bitcoin if customers guess a six-digit code. The brand is teaming up with Stefan Thomas, the tech founder who notoriously lost his Bitcoin login worth $387 million earlier this year and calling upon fans to […]
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WeWork will finally go public this year, allowing investors to buy and sell its shares. But not through a traditional IPO. In the two years since the office-sharing company’s failed IPO, a new way to launch a stock on Wall Street has become fashionable: SPACs. Special purpose acquisition companies have been embraced by big institutions […]
Uncertainty about demand for office space in a global pandemic is a big risk that investors will have to weigh as WeWork makes a second run at a public stock offering. A year after the novel coronavirus turned office towers into ghost towns worldwide, the embattled communal work space company said Friday it would merge […]
U.S.-based private equity firm TPG announced on Thursday that it has acquired a 7.5 percent stake in Airtel Africa’s mobile money business for a sum of $200 million, the telco said in a statement. Airtel Africa, the African arm of India’s Bharti Airtel, is also currently holding further negotiations with other companies to sell off […]
In an attempt to flex its technological muscles, Chinese telecom titan Huawei released a white paper on Tuesday highlighting its commitment to R&D and intellectual property. The white paper – which was unveiled during the Forum on Innovation and IP Prospects in 2021 and Beyond, held at the company’s Shenzhen headquarters – focused on Huawei’s […]
Chinese antitrust regulators are considering a record fine to slap on e-commerce titan Alibaba Group along with smaller fines against other leading technology companies in a bid to tame China’s sprawling tech industry, The Wall Street Journal reported on Thursday citing people familiar with the matter. The regulator has already issued fines on Friday to […]
While 2020 will always be written off by many as the year that vastly disrupted people’s life, medical researchers may well look back at this year at the tipping point that saw the world place greater emphasis on their work. While funds poured into COVID-19 vaccinations, medical technology was making a silent rise behind the […]
Home-sharing site Airbnb posted a $3.9 billion loss in the fourth quarter of 2020 as it suffered from the pandemic downturn in travel and recorded one-time costs for becoming a public company. In results released Thursday — Airbnb’s first as a publicly traded entity — the company took a charge of $2.8 billion for stock […]
Thailand’s government warned users of the recently introduced Clubhouse voice chat app on Wednesday that they must be careful not to misuse it or face possible legal consequences. The warning from the Ministry of Digital Economy and Society came after many people used the mobile app to listen to a popular self-exiled opponent of the […]
As the winds of the tech world keep on turning, updates brought forward by the pandemic and changes in the playing field can be clearly seen. This comes at a time when some experts speculate that we are on the verge of another tech bubble almost similar to the real estate bubble witnessed by Dubai […]