Tag Archives: Business News

Leading mobile market data firm App Annie has acquired Libring which is a mobile analytics firm. This, of course, has created a new paradigm where mobile market data and mobile analytics are presented side-by-side in one singular platform. This was revealed by CEO Ted Krantz in a blog post.Being the global initiator of mobile app market data, the firm has decided to rebrand itself alongside its recent acquisition to bring forward the real-time advantages of such a system to both mobile app...

Cryptocurrency startup Flexa is part of a project that will allow for technological innovations in retailing. With a pilot project at Mall of America Minnesota Minneapolis, which is the largest mall in the United States at the moment, the demo store is to serve as a proof-of-concept that new technologies are possible in the real world.Flexa is participating in the project but serving in a technical advisory role will be on display with other non-cryptocurrency-based technologies. The store...

Uber is the company known as the one who first has spread on so many ways. There is a ride-hailing business, then scooter sharing and then there is a food delivery – and even though there are Asian companies copying its model, Uber is the only US company that offers these three services (for now).On Thursday they held the launching event in San Francisco where they presented more than 25 changes to its platform among which are combining its ride-hailing app and food-delivery app Uber Eats,...

Following a rousing presentation from David Marcus - the head of Facebook's Libra - Coinbase CEO Brian Armstrong has come out in support of the developing cryptocurrency.Libra is often depicted as a pretty divisive and maligned project. It's not shocking to think that a cryptocurrency with plans of financial domination - emanating from a company with a checkered past of privacy problems - has regulators and citizens up in arms. Nonetheless, Libra now has at least one supporter, Coinbase's CEO...

SoftBank Group Corp., a Japanese multinational conglomerate holding company and the largest investor in WeWork, is currently deliberating on investing an additional $1 billion into the space sharing startup. This deliberation involves the revisiting certain terms in the warrant agreement between the two firms.Before now, SoftBank had concluded terms with WeWork for an investment of $1.5 billion before the company’s issues seemed to intensify, forcing it to discontinue its earlier agreed-upon...

Peloton Interactive Inc., a fitness company popular for its engaging workout routines run on its exercise equipment, has announced on Wednesday, its decision to fix its share price at $29 each, for its initial public offering (IPO). The company’s press release announces that the public offering will begin today September 26 with the “PTON” ticker code and will offer 40 million shares of its Class A common stock.Peloton is looking to raise $1.16 billion with a minimum of $8 billion as the...

As we reported on Wednesday, proceedings for an official impeachment enquiry against U.S. President Donald Trump, was announced by Nancy Pelosi, the Speaker of the House of Representatives, shocking the entire country and the world at large. When this news spread, a lot of people considered what possible effects the situation could have both for the U.S. Stock Market as well as the prolonged trade tensions with China. Now, it would seem that fears have been allayed a bit, as the stock market...

California based financial company SoFi announced it added crypto trading to its fast-growing SoFi Invest platform and that the live trading will begin on next Tuesday. Among the first cryptocurrencies that will be added for trade on SoFi Invest platform are Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).As per the announcement, the idea came as a reaction to demand from its network that has more than 800,000 members. Beginning next week, SoFi Invest will become the first platform that...

Binance U.S. launched yesterday, Sept. 24. To celebrate the highly anticipated event in the crypto community, Binance offered some freebies and discounts such as zero fees until Nov. 1 and free Binance hoodies. Also, BNB fee discounts, as well as commission-based referrals, will kick-in on Nov. 1 after the zero trading fee campaign concludes.Binance putting the pedal to the metal on launch day. | Source: TwitterUnfortunately, the launch did not go without a hitch. Many users experienced some...

Fidel, a fintech startup based in the United Kingdom – which provides developers with a functional application programming interface (API) for building new offers on networks belonging to major card companies – has just successfully pulled in $18 million in its recently concluded Series A funding round.The funding round was led by two venture capital firms based in the U.S., QED Investors and Nyca Partners. Other participants include 500 Startups, Horizons Ventures, Commerce VC, Citi...