Chipmaker titan Intel has recently removed from an annual letter directed to suppliers information referenced to China’s Xinjiang region following criticism for demanding suppliers to steer clear from the region. Only last month, the U.S.-based company was criticized on social media platforms in China for the letter sent to suppliers – published on the company’s […]
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The godfather of all cryptocurrencies is starting the new year with a significant tumble potentially hitting a death cross, as Bitcoin fell by almost six percent, hitting below $40,000 for the first time since 2012, according to Bloomberg. Bitcoin hit its all-time low on New York trading, delivering a loss of approximately 14 percent. The asset’s value plunged […]
Healthcare communications software provider TigerConnect has raised $300 million in growth investment from private equity firm Vista Equity Partners, sources familiar with the matter told Reuters on Monday. The valuation of TigerConnect wasn’t known. It last raised $45 million at a valuation of $370 million in September 2020, according to PitchBook data, counting HealthQuest Capital […]
Wall Street’s main indexes tumbled on Monday with Nasdaq leading the declines as technology stocks dropped on expectations of a sooner-than-expected rate hike that pushed U.S. Treasury yields to fresh two-year highs. While the Nasdaq pared its losses in the afternoon session it had earlier fallen as much as 10.37 percent below its intraday record […]
In the upcoming days, the gaming world will witness an altering event as Take-Two Interactive Software Inc. announced plans to acquire Zynga Inc in a $12.7 billion deal. The deal, which would heighten Zynga Inc’s valuation, also incorporated that the gaming firm’s shareholders will also get compensation of almost $9.68 per share owned by the […]
The operator Telia Lithuania purchased a two hectare land plot near Vilnius as the site for a new data center. This will be the largest data center in the country, according to its plans, and the company will invest $11 million in its construction. It took over the rights of ownership for the plot at […]
Foxconn, Apple Inc’s supplier, announced it would reopen its iPhone facility on January 12, in Southern India, according to Reuters. Late Friday, Tamil Nadu Chief Minister M K Stalin informed the state assembly for the area that the plant will resume work on Wednesday of this week, according to K Selvaperunthagai, a member of the assembly. […]
French technology consulting company Atos issued a profit warning on Monday, its second in seven months and coming just several days after its new CEO Rodolphe Belmer, appointed in October, officially took over the reins. Atos said its financial objectives stated in July could not be met, due both to delays on deals with customers […]
Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs Group for its initial public offering, a source familiar with the matter told Reuters on Friday. Reddit had confidentially filed for an IPO in December and is aiming […]
On Tuesday, Alphabet’s unit, Google, was hit with a $169 million fine by France’s data privacy watchdog, Commission Nationale de L’information et des Libertés (CNIL), for implementing restrictions for users to decline cookies – online trackers. Facebook’s parent company, Meta Inc, was also caught in the regulatory crossfire, as it was also fined $67.82 million […]