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Tag Archives: Technology News

Peloton Plans to Raise $1.2 Billion from IPO Priced at $29 Per Share

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...

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Mark Zuckerberg Claims Facebook Has Matured and Is Ready to Become More Socially-Responsible

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...

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Amazon’s Hardware Event Comes with All the Right Updates and New Stuff

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...

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Boston Dynamics’ Spot Robot Dog Now Available for Companies and Police Departments

Boston Dynamics announced that it is introducing its first major market to the world for sale. The company has been talking since June about a public release of its Spot robot dog that was previously known as SpotMini. On September 24, the company published some highlights of what is to be expected from their latest project.The robot is not going on sale immediately but companies with good ideas and deep pockets can get one. Thus, the odds of spotting a Spot in the wild...

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BMW’s New Driverless Car Is a ‘Space Where Everything Can Be Done With Ease’

Companies like Tesla may be inventing driverless cars for well, being driverless. BMW, on the other hand, may have other ideas. On a serious note, BMW has taken the driverless car issue to a whole new level where everything can be done: even having a few hot minutes with someone!In its racy, twitter ad (which is already deleted, why?), BMW seemed to imply that sexual activity will be one of the cool things that will be happening all the time in driverless cars. “A space where everything can...

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Snapchat Pulls Out Big Guns Against Facebook in Ongoing FTC Anti-Trust Investigation

Founded by Mark Zuckerberg and a few of his friends back in February 2004, Facebook has become the world’s largest social media platform and social networking service company. Today, the company has more than 2 billion active users and is also the second biggest platform for digital advertising only behind Google.Along with Amazon, Google and Apple, Facebook is regarded as one of the big four tech companies and has consistently maintained a monopoly in the social media space. However, even...

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IBM Indicates Willingness to Work with Facebook on Libra

One of the greatest technology companies on the face of the earth IBM has indicated its willingness to work with social media giant Facebook on its cryptocurrency Libra. In a CNBC interview on Monday 23rd September 2019, the Blockchain services of the firm Jason Kelley indicated his organization’s willingness to work with just about anybody in the crypto space. He said:“Blockchain is a team sport… Our clients are ready to work with (Facebook) and we’re ready to work with all of them to bring...

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Facebook Agreed to Acquire Brain Computing Startup CTRL-labs

Photo: CTRL-labsFacebook said on September 23 that it agreed to acquire New York-based CTRL-labs. The acquired startup is creating a wristband that will let people communicate with computers using brain signals. Thus, the new device will let people control digital devices using their minds.CNBC reported that the deal is estimated to be worth around $1 billion. However, a Facebook spokesperson said that it is lower than the reported $1 billion. Andrew Bosworth, the Facebook Vice President of...

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Amazon Set to Introduce New Alexa-Powered Earbuds

Global retail giant Amazon (AMZN) had indicated its plans to improve its audio range of devices with a few moves which will see it be at par with the product lines of major competitors. For start, the retail giant plans to introduce earbuds which will be powered by virtual voice assistant Alexa.Codenamed “Puget” the earbuds will have an inbuilt accelerometer for motion detection, pace speed and the approximate amount of calories burned during a run.Separately, Amazon is expected to also to...

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Google Announces Play Pass for Android, a Premium Games and Apps Collection for $1.99 per Month

Just days after Apple announced its gaming-service Apple Arcade, Google too throws its hat in the ring by announcing Google Play Pass on its Android operating system. The Google Play Pass is a subscription-based service providing users access to 350 plus premium mobile apps and games.Moreover, users subscribing to the Play Pass service will get apps and games completely free of ads, in-app purchases or upfront payments. On a trial basis, the service is free for the first...

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