The United States of America has been pushing countries around the world to ban Huawei from participating in the deployment of its core 5G network. Despite losing many 5G markets, the company has been increasing its presence in Southeast Asia. In fact, Huawei Thailand announced it will invest 475 million baht to establish a 5G […]
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For the first time, Airbnb is taking legal action against a guest for violating its ban on unauthorized parties. The San Francisco-based home sharing company said Wednesday it is initiating legal proceedings against a guest who held an unauthorized party at a home in Sacramento County, California, last weekend. Three people were shot and wounded […]
NEW YORK (AP) — SAP says it plans to spin off Qualtrics and take it public less than two years after acquiring the survey-software provider. SAP said Sunday it will retain majority ownership of Qualtrics’ shares. The German software giant announced in November 2018 that it agreed to pay $8 billion cash for Qualtrics, just […]
The press of the mouse button, the keystroke, or a computer code are all protected by law. Legally, these are considered as “Intellectual property” including the trademark, patent, and copyright. Intellectual property enforcement is crucial for innovation, development as well as for the economy. In fact, technologies are made public, so other people can build […]
1. Former Facebook chief product officer Chris Cox will return after a year-long absence to his previous role at the company, which includes overseeing the main Facebook App, Messenger, Instagram, and WhatsApp. Cox, one of Mark Zuckerberg’s top lieutenants, left in March 2019 over “artistic differences” with the CEO over his plans to make Facebook […]
By DEE-ANN DURBIN AP Business Writer Three months ago, Airbnb co-founder and CEO Brian Chesky was working on the financial filings for the company’s hotly anticipated initial public offering. He had just returned from Palm Springs, California, and was planning a spring vacation with college pals. But the coronavirus upended global travel — and all […]
>By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork. SoftBank, founded in 1981, said Monday the drop in […]
By CATHY BUSSEWITZ Associated Press NEW YORK (AP) — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. The ride-hailing giant said Thursday it is offloading Jump, its […]
By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — In a world where the coronavirus pandemic has turned social distancing into a new way of life, companies whose business models bank on people’s willingness to share their personal space are now struggling. Uber said Wednesday it’s cutting 3,700 full-time workers, or about 14% of […]
By DEE-ANN DURBIN AP Business Writer Airbnb says it is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus pandemic. It’s a serious setback for the 12-year-old home-sharing company, which just a few months ago was valued at $31 billion and planning a hotly […]