A collection of about a thousand satellites that are circulating about 340 miles above the Earth has been created by SpaceX, which according to the company’s CEO Elon Musk, has landed the company in a "deep chasm" of expenses as it continues to build the constellation of satellites.   The...

A 76 per cent surge in the value of its stocks on debut of the dating app Bumble in new York saw the valuation of the company soar to $14bn.   The shares of the company opened on Nasdaq at $76 which was much higher than the offer price of the stocks at $43 in the initial public offering....

Claims of some experts and analysts that bitcoin can turn out to be a mainstream form of payment has not convinced Adyen - the European fintech firm that processes payments for large companies such as Facebook, Netflix and Uber.   Bitcoin and other crypto currencies are low on attractiveness...

Ride hailing company Uber Technologies Inc reported a small loss with the pandemic hit to its ride-hail and delivery businesses ebbed away from lows, the company said on Wednesday.   The company also said that it was in line to achieve an adjusted profit by the end of the current year....

According to the social media platform Twitter’s chief financial officer, Ned Segal, the aspect of holding bitcoin on its balance sheet has been given a thought by the social media company but has not brought in any changes as yet.   The consideration of the paying vendors or employees using...

Shareholders of the biggest food retailer Britain – Tesco, will put pressure on the company to set targets for increasing the proportion of healthy products that it sells when they vote on a resolution to this effect at this annual meeting of the retailer later this year.   According to a...

Following an investigation by the company about an alleged unethical personal relationship of the Chief Financial Officer Josh Smiley of Eli Lilly and Co found the executive to have indulged in “inappropriate personal communication” with some company employees, the executive has resigned, the...

The United States based privately held audio app Clubhouse us attracting a large number of new users from mainland China where there is still no censorship of the app by the Chinese authorities even though the platform is being used as a space for flourishing discussions on rights, national...

After weeks of speculations in the media about a possible partnership between the South Korean auto giant Hyundai Motor Co and the iPhone maker Apple for making self-driving cars, which also propped up the stocks of the car maker, the South Korean company announced that it is no more in in talks...

Among the first things that that the military rulers of Myanmar did after the coup on Monday was to ban Facebook in the country where almost half of the population are users of the social media. According to analysts that order on Facebook by the military rulers also capped off a long standing...

According to the Norwegian telecom Telenor, access to Twitter and Instagram have been ordered to be blocked for users in Myanmar until “further notice”. This blockade was ordered issued to the mobile operators and internet service providers by the new military rulers of the country on Friday after...