Business
All the latest news from the world of e-commerce, IPOs, acquisitions and latest trends from the world of the tech business.
China
China Vows Not to Sell E-Cigarettes
In the news reported by Reuters, China’s tobacco regulation authority has decided to ban the online sale of e-cigarettes. This move has been taken amid the health concerns reverberating over in the U.S. The notice comes not long after the U.S government launched a...
Business
Facebook reportedly aimed to acquire Fitbit before Google
The giant social networking company Facebook was also interested in buying Fitbit for $1 million that is approximately half of the amount Google offered to acquire it. As we already reported about Google’s interest in buying Fitbit. Now, Google has acquired Fitbit for the...
Google acquired Fitbit for $2.1b
Desk -
Google parent company ALPHABET is to buy smartwatch maker Fitbit for $2.1 billion. In a blog post released by Google SVP of Devices & Services Rick Osterloh said that the acquisition of Fitbit is "an opportunity to invest even more in Wear OS...
Business
AmazonFresh is Free for Amazon Prime Members now
Amazon has a piece of great news for its Prime Members, that it will no longer charge a fee of $14.99 monthly for using Amazon Fresh delivery services. In a press release, today Amazon announced that if you pay $12.99 a month (or...
Google
Google’s third-quarter earnings
Google's parent company Alphabet reports its third-quarter earnings today, according to which expectations of earnings per share were missed, but still, it was in line with what investors expected. The stock (GOOG, GOOGL) fell around 2% after the company reported earnings and that it...
Silicon Valley
Sequoia Capital founder Don Valentine Dies at 87
Donald T. Valentine the founder of Sequoia Capital died in his home in Woodside, California at the age of 87 of natural causes. As a tribute to Valentine, Sequoia posted calling him as “one of a generation of leaders who forged Silicon Valley.” He gave...
World
Indian Startups have raised $11.3B this year; a record
With two months left in 2019, Indian tech startups are already having a great year as a record amount of $11.3B has flown into the local ecosystem of the country, as reported by TechCrunch. This is the first time that Indian startups have raised...
Startups
SoftBank to take charge of WeWork
WeWork, an American commercial real estate company that provides shared workspaces for technology startups, founded in 2010. Eventually, after the ouster of its Co-founder Adam Neumann, the company lost its valuation from heft $47 billion to $7.5 billion, as reported by CNBC. WeWork...
Meta
Facebook Libra project is coming up with other cryptocurrency ideas
There is a raised possibility that Facebook could use cryptocurrencies based on national currencies, to bring its long-awaited Libra project into the action. In the wake of growing skepticism about its digital currency, David Marcus, the Head of Libra project for Facebook stated, “Instead of...
Startups
Canva now valued at $3.2 billion after $85 million fundraise
Canva is now valued at $3.2 billion after an $85 million fundraise by Mary Meeker’s venture capital firm joined by General Catalyst, Bessemer Venture Partners, Blackbird, and Sequoia China. It is an eye-popping new valuation as the amount has dramatically increased from $2.5 billion...
Latest News
Estimated reading time: 9 minutes Coping with diabetes can feel like a never-ending struggle, but thanks to recent advances in wearable technology, managing the sickness has become much simpler. Wearable devices...