Technology

Reddit confidentially files to go public

Reddit Inc, whose message boards became the go-to destination for day traders during this year's meme stock frenzy, said on Wednesday it had confidentially filed for an initial public offering with U.S. securities regulators. Reuters reported in September the company was hoping to hit a valuation of more than $15 billion by the time it ...

15:30 Et December 16, 2021

BMW planning to shift more production to China

German carmaker BMW plans to shift more of its production capacity to China, a spokesperson confirmed on Monday. Under the new plans, the X5 sport utility vehicle (SUV) will ...

19:04 Et December 14, 2021

UK antitrust watchdog investigates Microsoft’s Nuance deal

British antitrust regulators are opening an investigation into Microsoft’s $16 billion acquisition of speech recognition company Nuance in the latest sign they’re tightening scrutiny of big technology deals. ...

16:00 Et December 13, 2021

Gaming while driving: Tesla allows it, Mercedes does recall

A few days after reports surfaced that Tesla allows drivers to play video games on dashboard touch screens while vehicles are moving, Mercedes-Benz has issued a U.S. recall ...

16:00 Et December 11, 2021

Bitcoin trial: Defendant wins dispute over $50B in Bitcoin

Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner ...

15:30 Et December 7, 2021

Trump media partner says it has lined up $1B in capital

Donald Trump’s new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors. The former ...

15:15 Et December 6, 2021

Google to ban political advertising for 2022 Philippine elections

Technology giant Google on Wednesday announced it will not accept political advertisements on all its platforms related to next year’s elections in the Philippines to choose a successor ...

14:30 Et December 1, 2021

Twitter CTO Parag Agrawal to Replace Jack Dorsey as CEO

Twitter chief technology officer, Parag Agrawal, is due to replace Jack Dorsey as CEO, Twitter announced on Monday. "Twitter, Inc. (NYSE: TWTR) today announced that Jack Dorsey has ...

18:15 Et November 30, 2021

UK competition watchdog orders Facebook to sell off Giphy

The United Kingdom’s antitrust watchdog has blocked Facebook’s acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images. The Competition and Markets Authority said Tuesday that the deal would let Facebook, which has been renamed Meta, ...

15:30 Et November 30, 2021

Israel slashes list of countries that can buy cyber tech -report

Israel slashed its list of countries eligible to buy its cyber technologies following concern over possible abuses abroad of a hacking tool sold by Israeli firm NSO Group, ...

12:40 Et November 26, 2021
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