Search results for "tech companies "

UK’s watchdog interrupts Facebook’s deal to acquire Giphy

The UK’s Competition and Markets Authority (CMA) ruled that Facebook owning popular short video animations company Giphy might be detrimental to other platforms since the app is vastly popular amongst the social network’s competitors. As one of the most favored GIF sites, the animations platform provides Facebook, and it’s ecosystem of apps — Facebook Messenger, Instagram, and WhatsApp  — with […]

Samsung slashes prices in bid to boost foldable phone sales

Samsung is hoping cheaper but more durable versions of its foldable phones will broaden the appeal of a high-concept design that’s so far fizzled with consumers. The electronics giant on Wednesday launched its effort to turn things around with two new products designed to function as both a phone and, when unfolded outward on a […]

Energy giant promises more perks in New Mexico utility case

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 […]

StarHub and Gigabyte's servers exposed to ransomware attack

Amongst recent cyberattacks that reached between 800 and 1,500 businesses around the world, PC component maker Gigabyte and Singaporean telco StarHub were compromised and affected by yet another cyberattack targeting several internal servers. On Friday, Gigabyte Global was hit with a ransomware attack aimed at the company’s internal servers instead of the system. The Taiwanese […]

Will gyms go the way of arcades and movie rental stores?

Going to the gym was always part of Kari Hamra’s routine until last year’s government-ordered shutdowns forced her to replace the workouts with daily rides on her Peloton stationary bike. That’s when she discovered something surprising — she did not miss the gym. At least not the driving back and forth, filling water bottles, changing […]

Bitcoin will unite the world, Twitter’s CEO says

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 […]

U.S. advises against Brazil’s usage of Huawei 5G equipment

The U.S. has expressed its support toward Brazil’s proposal of becoming a NATO partner but stressed its concerns regarding the Latin American country’s business with Chinese telecoms titan Huawei within its 5G telecoms network, White House officials told reporters on Monday.  During a trip to Brazil last week, U.S. National Security Advisor notified President Jair Bolsonaro of the state’s concerns in partnering with Huawei citing cybersecurity […]

M2M security, and the integrity of modern industry 

Between smart home security systems, intelligent factories becoming mainstream, remote equipment management and data enabled smart cities, the IoT market is on a steep rise. With the increased use of machine-to-machine, or M2M, communication comes the concern for M2M security.  Connected devices are generally not the first thing to come to mind when thinking of major cyber-attacks. There is no big money to be made […]

Pico plans to go public in a $1.75 billion deal following merger

Special-purpose acquisition company Athena Acquisition Corp. announced on Wednesday, alongside technology service provider Pico, definitive merger plans amounting to $1.75 billion. Pico Quantitative Trading – solutions provider to the financial market community – agrees to a merger with blank-check company Athena Acquisition, led by former The Bancorp CEO Betsy Cohen. The deal is set to […]