Tag Archives: Technology News

Chinese social media and gaming company Tencent Holding Ltd. took a 29% stake in computer games maker Funcom.With this step, Tencent became Funcom’s largest shareholder and the shares it bought were from KGJ Capital AS.Funcom went through its most profitable year in history and had signed an exclusive partnership with Legendary Entertainment to create a minimum of three Dune games for PC and consoles.Funcom CEO, Rui Casais said:“We are very pleased to see Tencent come in as the largest...

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,...

Even though it’s world known fact that Apple products are “made in USA” but assembled in China – it didn’t stop US President Donald Trump to impose sanctions to Chinese companies (every and each one of them) including the 34% year-on-year growth and 14% of market share company – Huawei.The year 2019 has not been a good one for Huawei. Everything started with the US accusations of Huawei spying on US corporations. Trump administration then decided to launch a “one-two punch” combo in its fight...

The initial public offering (IPO) for Peloton Interactive Inc., was launched yesterday with the hopes that the offering will bring much-needed growth to the company which has consistently been recording losses for a while. As we reported yesterday, Peloton announced that it will be offering 40 million shares of its Class A common stock on the Nasdaq, priced at $29 each, in an effort to raise about $1.2 billion. However, Peloton (PTON) investors ended the day disappointed as trading didn’t at...

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,...

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...

Everybody is aware of the scandals that undermined trust in the social networking giant Facebook. According to Mark Zuckerberg, the company didn’t pay proper attention to protecting privacy, that’s why the company had to deal with the consequences of data leak and the spread of fake news. To fix this, Facebook’s CEO is all set to make everything, including Libra, right.Speaking in an interview with Asia-based news outlet Nikkei, Mark Zuckerberg said:“In the last few years, there are a lot of...

Photo: The Amazon blogAmazon yesterday unveiled quite a lot of new updates to the Echo and a few new addons as well. A few new commands to Alexa were also featured and the new option of having a celebrity voice came on as well.Amazon outdid themselves this time with more versions of Echo than you’d expect. Another interesting feature is the echo show which functions as more like a glowing orb which changes colors according to the beat of any music playing in the background. This among other...