South Korean developer of Player Unknown’s Battlegrounds’ (PUBG), Krafton, initial public offering recorded a 20 percent drop on Tuesday following a crackdown due to a state-led media attack on the gaming industry. This is considered the biggest initial decline of a South Korean IPO after LG Philips LCD collapse in the same market 17 years ago. Krafton’s loss came after it reduced its IPO target by more than 10 percent last month following regulatory demands […]
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Step aside Facebook, as TikTok just got crowned the most downloaded social media app in the world as of 2020, according to survey conducted by digital analytics company App Annie. Launched in 2016, The Chinese video-sharing platform has since overtaken Facebook, WhatsApp, Instagram, and Facebook Messenger, all of which make up Facebook’s ecosystem. This isn’t a milestone to overlook, as Facebook-owned apps have held the top spot since the survey began in […]
Robinhood Markets confirmed on Tuesday its first acquisition plans since the release of its initial public offering (IPO) earlier this month of obtaining venture-backed startup Say Technology for around $140 million in cash. The trading service company revealed the deal in a blog post from the company’s chief product officer, Aparna Chennapragada, without disclosing when […]
Many tech enthusiasts consider that the COVID-19 pandemic hit the world at just the right time, describing it as the spark that ignited a tidal wave of disruptive technological innovations. Rollout of services and products were accelerated at a skyrocketing pace trickling down to a myriad of other solutions that would have taken years to hit the […]
The U.S. ranked the second highest country worldwide with 54,615 CoV-2 Delta variant cases on Monday, according to Statista, amid a similar wave of virus misinformation that spiked noticeably between June and July. Rates of COVID-19 misinformation and its vaccines increased significantly from June to July, according to U.S.-based AI intelligence cloud that tracks relevant phrases on social media and news outlets, Zignal Labs. Among the most common falsehoods according to the AI media firm, 437 percent claimed that vaccines don’t work, 156 percent […]
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 […]
The Senate has passed a nearly $1 trillion bipartisan plan to rebuild roads and bridges, modernize public works systems and boost broadband internet, among other improvements to the nation’s infrastructure. The White House is projecting that the investments will add, on average, about 2 million jobs per year over the coming decade. Senate Democratic Leader […]
Tourists flock by the thousands to the coastal town of Mendocino for its Victorian homes and cliff trails, but visitors this summer are also finding public portable toilets and signs on picket fences pleading: “Severe drought. Please conserve water.” Hotels have closed their lobby bathrooms and residents have stopped watering their gardens in the foggy […]
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 […]