Archives for February 2019

Twitter said on Thursday that its profits rose sharply in the fourth quarter, lifted by gains in advertising despite a drop in its global user base. The short-messaging platform said it posted a $255 million profit in the final three months of 2018, compared with $91 million a year earlier, as revenues rose 24% to […]

Social networking giant Facebook, on Thursday, announced that it would begin enforcement of its advertising transparency policy for India on February 21. Facebook will also introduce two label categories for its disclaimers — “paid for” and “published by”— including the name of the individual or the entity behind the ad, which will be displayed in […]

By Ellen Huet In 2010, when Patrick Collison founded Stripe with his younger brother John, he thought the world was headed toward ever-increasing globalisation, economic stability and international commerce. Now, based on the events of the last couple years, no one holds “so Panglossian a view,” said the 30-year-old chief executive officer. “There are more […]

News Remote Support Solution Provider AetherPal To Be Acquired by VMware By Wendy A Hernandez 02/07/2019 This week VMware Inc. announced its intent to acquire AetherPal, a venture-backed remote support and mobile support enterprise solution provider based in Piscataway, New Jersey. VMware has been reselling AetherPal Remote Support under the name Workspace ONE Advanced Remote […]

Chinese firm Pinduoduo, an ambitious rival of e-commerce giant Alibaba, plans to raise about $1.5 billion from Wall Street to fund its expensive expansion. The Shanghai-based company, which specialises in the sale of very low-priced goods, said in a stock market filing Tuesday that it intends to issue some 37 million new shares while stockholders […]

The Zynga logo is pictured at the company’s headquarters in San Francisco, California April 23, 2014. REUTERS/Robert Galbraith/File Photo Zynga CEO Frank Gibeau said on Wednesday that the company’s turnaround is now complete as it forecast quarterly bookings above analysts’ estimates after beating expectations for the fourth quarter, indicating that the game developer was benefiting […]

After recently closing $1 billion fund-raise by SoftBank, Oyo has stepped on the gas in terms of expansion on foreign soil. Besides, the new market of US, it is also present in the UK, Indonesia, Nepal, and Sri Lanka among others. TNN  |  February 07, 2019, 08:38 IST

The logo of India’s e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/Illustration Flipkart is in talks with a host of offline retailers as well as distributors of Samsung, Xiaomi and FMCG products to enrol them as sellers on its platform, to push sales while staying within the new […]

Amazon has scaled up its wholly owned food retail business, Amazon Retail India, as the main seller of food and grocery products on the marketplace’s online supermarket, Amazon Pantry. This follows the government having clarified that companies with foreign direct investment (FDI) in food retail can continue to sell through ecommerce, two senior industry executives […]

Indian and US technology companies were sharply opposed in their responses to the government’s proposal to amend intermediary guidelines that dilute safe harbours given to internet platforms in order to curb fake news and rumours. Reliance Jio, Sharechat and Indiatech.org, which represents Indian companies such as Hike, Ola and MakeMyTrip, supported most of the amendments, […]