HONG KONG (AP) — Ant Group, the online payments arm of e-commerce giant Alibaba Group, announced plans Monday for an initial public stock offering that could become the world’s biggest since the coronavirus pandemic began. Ant, valued at $150 billion after a 2018 private fundraising round, gave no indication how much money it hopes to […]
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NEW YORK (AP) — Netflix added a flood of new subscribers amid the coronavirus pandemic and also offered clues to a possible successor for founding CEO Reed Hastings, who on Thursday named the company’s chief content officer, Ted Sarandos, as co-CEO. But it was investor disappointment in the outlook for new subscribers that helped drive […]
LONDON (AP) — The European Union’s top court ruled Thursday that an agreement that allows thousands of companies — from tech giants to small financial firms — to transfer data to the United States is invalid because the American government can snoop on people’s data. The ruling to invalidate Privacy Shield will complicate business for […]
Stockholm, 13 July 2020 – Following a tender process, Norwegian Communications Authority has chosen Telia Carrier to establish a new secure route for electronic communication between Norway and abroad. Today, most Internet traffic from Norway follows two paths through Sweden. In case of disturbances or in a worst-case scenario where all connections through Sweden are […]
SILVER SPRING, Md. (AP) — Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock deal, the company said Monday. The acquisition enables the ride-hailing giant to increase its delivery offerings at a time when the global pandemic has suppressed customers’ desire for rides while boosting […]
A Coronavirus second wave is not out of the question. Some speculate that it is inevitable in some areas, while others say that countries are already going through it. In all cases, what can individuals, governments, and businesses expect in the near future? From a more positive perspective, the world has learned a lot from […]
On Wednesday, more than 500 companies officially kicked off an advertising boycott intended to pressure Facebook into taking a stronger stand against hate speech. CEO Mark Zuckerberg has agreed to meet with its organizers early next week. But whether Zuckerberg agrees to further tighten the social network’s carefully crafted rules probably boils down to a […]
Starbucks is the latest company to say it will pause social media ads after a campaign led by civil rights organizations called for an ad boycott of Facebook, saying it doesn’t do enough to stop racist and violent content. Starbucks said Sunday that its actions were not part of the “#StopHateforProfit” campaign, but that it […]
As the current pandemic continues spreading, MedTech leadership aims to respond to changes after COVID-19 that are tied directly to the health crisis. Demand for urgent care equipment and supplies is far exceeding the production capacity. With healthcare experts warning of possible critical shortages of medical supplies, manufacturers are gearing up to meet the rise […]
SAN FRANCISCO (AP) — Verizon is joining an escalating movement to siphon advertising away from Facebook in an effort to pressure the company into doing more to prevent racist and violent information from being shared on its social networking service. The decision announced Thursday by one of the world’s biggest telecommunications companies is part of […]