Business

Pinterest

Every single day, Pinterest processes & saves millions of food, vacation, fashion photos & videos through Amazon’s cloud. Recently, in the initial public offering filing, Pinterest revealed that they are dedicated to spend around seven hundred and fifty million dollars on Amazon Web Services over a six-year period, which will get over in July 2023. Towards the end of 2018, the remaining amount was over four hundred million dollars, which

Streaming

A couple of years ago, streaming industry was led by giants such as Hulu, Amazon Prime, and Netflix. They had a significant portion of content licenses & used this to introduce big alliances with cable providers. This year, firms such as WarnerMedia & Disney are introducing their content in-house before the launch of their streaming services. Hence, market share’s competition will be intense. But there is one particular area of

Data Centers

In recent news, Microsoft is proud to announce that they have started their first African data centers in two locations – Johannesburg & Cape Town. This is done to offer South Africa with rapid access to Azure Cloud. The latest canters will be the firm’s first in the area after Huawei, who recently introduced their cloud service available in Johannesburg. It also shows that for the first time that Microsoft

Huawei Technologies

On Thursday, Huawei Technologies filed a case against the U.S. government claiming that a regulation restricting its business in the United States was unconstitutional. Thereby, increasing its fight back against the government, persistent in its efforts to shut the firm out of global markets. The firm explains that they filed a complaint in Texas in a federal court objecting Section 889 of the National Defense Authorization Act (NDAA). In August,

SoftBank Group

SoftBank Group Corp shares skyrocketed over 17 percent on Thursday, adding $14 billion to the Japanese tech investment firm’s market value, after it announced a record share buyback and a strong quarterly earnings, Reuters reported. SoftBank’s CEO Masayoshi Son has frequently complained about the company’s lingering conglomerate discount and is using part of the windfall from its domestic teleco’s blockbuster IPO to make efforts and lower the valuation gap. According

Salesforce

Co- Chief Executive Officer Marc Benioff of Salesforce informed CNBC Monday that they have increased their full-year fiscal guidance. They are also working on growing faster than any enterprise software firm at this stage. Although the shares went down over three percent during day’s session & went down more after providing its new quarterly earnings after the bell, however, Marc was quite positive about the firms sixteen billion dollar income

Electric Vehicle

China’s electric vehicle maker NIO Inc., among rivals to Elon Musk’s Tesla, launched a convertible bond worth $650 million on Wednesday, nearly four months after it listed in New York, according to Reuters’ news. The company’s move to raise capital through an equity-link bond is equivalent to that of iQiyi, China’s Netflix-like video streaming platform which sold a convertible bond valued $750 million in November last year. Reuters reported that

Walgreens

Walgreens, one of the America’s largest retail pharmacies, has agreed to pay a total amount of $60 million in settlement for allegations that the company was overcharging government healthcare plans which include Medicaid for prescription medicines, as announced by Stein Mitchell Beato & Missner LLP today. It is the largest-ever settlement by a pharmacy chain that would resolve claims that Walgreen had defrauded the U.S. government with maximum of 39

Bing

Microsoft’s search engine – Bing is no longer available in China as of Thursday morning, rendering yet another non-Chinese service inaccessible to the world’s largest online population. The apparent blocking of the search platform came on the order of the government, CNBC reported, citing two unnamed sources familiar with the matter. In an emailed statement, a Microsoft spokesperson has confirmed that the search engine is currently inaccessible in China and the

Netflix

Video streaming giant Netflix has become the first service to join the membership ranks of the Motion Picture Association of America (MPAA) on Tuesday, Hollywood’s top lobbying group, The Verge reported. It is the first time a non-Hollywood, internet-based studio has been welcomed to the 97-year-old trade group, alongside six Hollywood studios that endorsed Netflix’s new membership. In a statement, on behalf of the group and its member companies, Charlie