After doubling its value in only six months, Reddit, the social networking site often labeled as the front page of the internet, is now worth more than $10 billion after earning $410 million in funding. The company announced the milestone through an in-depth interview with The New York Times, in which Reddit’s co-founder and CEO Steve Huffman disclosed how the company managed to raise its value in a short […]
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Facebook’s ownership of Giphy will hurt competition for animated images, U.K. regulators said Thursday, meaning the social network could ultimately be forced to unwind the deal if the provisional findings are confirmed. The Competition and Markets Authority said its investigation found the acquisition would hurt competition among social media platforms because there’s only one other […]
A top executive with global energy giant Iberdrola is promising more perks if local governments and others in New Mexico clear the way for a proposed multibillion-dollar utility merger that could affect the way power is produced and distributed in the state for years to come, Iberdrola’s chief development officer, Pedro Azagra Blázquez, was cross-examined […]
China’s e-commerce giant Alibaba Group Holding, fired a manager on Monday after being accused of sexual assault, forcing the company to establish legal rules to ensure an incident like this won’t happen again. Days before the issue surfaced, the female employee who was the victim of the sexual assault posted an 11-page account on Alibaba’s private network, noting that not only did the manager sexually assault […]
As a highlight of many tech company calendars, Mobile World Congress (MWC) was sorely missed in 2020. Back with an albeit smaller, socially distanced bang in June 2021, MWC still didn’t disappoint. One of the event’s greatest takeaways was that — whether telcos are ready or not — we’re entering a new, digital era. Let’s […]
Chinese telecom giant Huawei experienced fatal losses in Q2 2021 revenues, while South Korea-based telecom provider, KT Corporation, acquired on Tuesday a remarkable increase in profits during the same period. The two-year old U.S. sanctions imposed on the Chinese firm pounded both its network infrastructure and smartphone sales. The consumer electronics business was the company’s […]
Apple rolled out new features on Thursday, aimed at identifying and reporting child sex abuse material (CSAM) on its platforms. However, the tech giant isn’t receiving the kind of response it expected. The new tools will be introduced with the release of the iOS 15, iPadOS 15, WatchOS 8 and MacOS Monterey software updates. The […]
AT&T has officially sold Crunchyroll to Sony, bringing two of the world’s biggest anime streaming competitors in Sony’s hands. For the increasingly growing anime fan base, this is game-changing news. In an attempt to close the company’s $170 million debt, the telco sold its largest anime streaming platform for a sum amounting to $1.175 billion. […]
Twitter co-founder and CEO Jack Dorsey, took to his personal account to tweet a cryptic message about Bitcoin, suggesting that the cryptocurrency will be behind the unity of the country, and eventually the world itself. Vagueness shrouds Dorsey’s optimism about Bitcoin’s power leaving many of his followers bewildered of his stance. However, it doesn’t take two to figure out that the country in […]
It’s common sense by now that the worldwide COVID-19 pandemic had a hand in increasing the hours people spent glued to the blue hue of their digital devices. However, we now have the exact numbers on how high the surge was for Britons’ households. Thanks to research from the UK’s media regulator Ofcom, Britons are currently aware that they spent a third of their waking hours (more than 2,000 hours) watching TV or online […]