Tag Archives: Editor’s Choice

Recently we reported that Electrek, a blog for electric vehicle enthusiasts, published an email that probably has leaked from the company in which Tesla’s CEO Elon Musk writes that Tesla might be able to make 100,000 vehicle deliveries in the third quarter, which would be a record.Be it as it may, Tesla is really trying to fulfill these expectations but with only a day left, some sources say that the company is currently “a few thousand” cars short of the delivery goal.In the leaked email,...

In the latest development, Switzerland-based SIX Digital Exchange (SDX) has invited financial institutions from across the globe to back its Initial Digital Offering (IDO). SDX is a blockchain-based utility that is completely owned by the Swiss stock exchange SIX Group.The SIX Digital Exchange plans to launch its IDO in mid-2020. This will be just similar to a traditional IPO except for the fact that the shares will be in the form of security tokens available on the SDX platform.The...

While Facebook is trying to do everything it possibly can to ensure proper regulatory approval before the Libra is launched next year, China’s own digital currency is much closer to its launch. The anticipation for the Chinese digital currency has now had some measurable effect on fintech companies in the country as their stocks seem to be swelling impressively.According to a Reuters report, the China Securities Index Co. (CSI) fintech theme index – an index that follows the major financial...

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...

On Thursday, Tesla rolled out its new software update with a whole lot of new features for its Model S, Model X, and Model 3 owners in the U.S.Among other features, you can find in-car karaoke, entertainment services like Netflix and Hulu, and a feature (for really lazy ones) that lets customers call their cars like they’re summoning a dog – no driver required.Of course, customers who paid for the Full Self-Driving option are higher up on Tesla’s list of priorities, and for them, there will...

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,...

The CEO founder of popular messaging app Kik Ted Livingston has maintained his position on keeping on to the end in his company’s legal tussle with the United States’ Securities and Exchange Commission (SEC) over its cryptocurrency’s classification as a security.Kin (KIN) has been at the forefront of a firestorm between the two parties over its initial coin offering (ICO) with the US regulator suing the company earlier this year over the issue. Sources indicate that the CEO gave his position...

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...

Speaking to the German federal parliament Bundestag on Wednesday, Benoit Coeure, a member of the Executive Board of the European Central Bank (ECB) said that Facebook’s currency Libra could possibly fix some of the troubling issues that exist at the international payments market. However, he warned that, on the other hand, it might create other problems that will need regulators to act more liberal and creative. He said:“Libra has undoubtedly been a wakeup call for central banks and...