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Medallia to be acquired by Thoma Bravo for $6.4 billion

Medallia, Inc. [MDLA] the global leader in customer and employee experience, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo  [TBA] a leading software inv...

By  Hemanth On  2021-08-01 09:18:00
Bioventus and Misonix announce definitive agreement for Bioventus to acquire Misonix

Bioventus Inc. [BVS] a global leader in innovations for active healing, and Misonix, Inc. [MSON] a provider of minimally invasive therapeutic ultrasonic technologies and regenerative medicine that enh...

By  Hemanth On  2021-08-01 09:08:00
Elon Musk's brain-machine interface startup, Neuralink raises $205 million

Elon Musk's futuristic brain-computer interface business, Neuralink said that it had raised $205 million in series C funding from investors including Robert Nelson, Ken Howery, and Fred Ehrsam. In a b...

By  Ishika Dangayach On  2021-07-30 20:20:00
Huawei releases new smartphones without 5G amid US sanctions, chip shortage

Huawei released on Thursday its new P50 smartphone line which does not support 5G as the tech giant is facing US sanctions and global chip shortage simultaneously. The Chinese tech-giant is launching ...

By  Shubhangi On  2021-07-30 04:12:00
Sony sells over 10 million units of PS5 since November

Sony Group Corp said on Wednesday that PlayStation 5, or PS5, has sold more than 10 million units since its launch in last November. PS5, whose demand has risen amid spike in gaming as people are spen...

By  Shubhangi On  2021-07-29 04:09:00
Shopify revenue tops $1 billion as online shopping surges

E-commerce company Shopify Inc posted better-than-expected second-quarter results on Wednesday on account of increased online shopping due to COVID-19 pandemic. Revenue of the company soared 57% to $1...

By  Shubhangi On  2021-07-28 22:31:00
Robinhood reportedly testing spare change investment and crypto price volatility protection feature

Trading service provider Robinhood Markets Inc is planning to introduce a new feature that would let traders invest spare change and help protect users from crypto price volatility, Bloomberg reported...

By  Arghyadeep On  2021-07-28 20:31:00
Google parent Alphabet reports record revenue

Alphabet reported second-quarter earnings on Tuesday topping analysts' expectations as Google's total ad revenue increased 69% from the year-ago quarter. Total Google ad revenue increased to $50.44 bi...

By  Shubhangi On  2021-07-28 03:34:00
Starbucks to exit South Korea business to expand globally

Starbucks Corp has decided to sell its $2 billion worth business in South Korea and exit the country by selling its stakes to local partner E-Mart Inc and Singapore sovereign wealth fund GIC. The US-b...

By  Shubhangi On  2021-07-28 02:03:00
Former CEO George Whitesides to fly on next Virgin Galactic spaceflight

Virgin Galactic founder, Richard Branson announced that the former CEO of the company, George Whitesides will fly on the next spaceflight test. CNBC reported that Branson announced this in a party on ...

By  Shubhangi On  2021-07-24 02:53:00
Twitter reports revenue growth due to ad improvements

Twitter posted better-than-expected revenue growth as the company launched ad targeting improvements aiding brands in reaching customers. Advertising revenue increased 87% as compared to the same quar...

By  Shubhangi On  2021-07-24 02:12:00
Georgia film industry generated $4 billion in production spend during pandemic

Georgia film and television industry had a grand year as the demand for filming locations soared with costly safety protocols. The Georgia Department of Economic Development said Wednesday that it gen...

By  Shubhangi On  2021-07-23 03:21:00
Mercedes-Benz plans to go all-electric by 2030 aims for zero-emission future

Mercedes-Benz is planning to go all-electric by the end of the decade if market conditions allow. The luxury vehicle business is shifting from electric-first to electric-only mode, aiming for an emiss...

By  Ishika Dangayach On  2021-07-23 02:17:00
Worldwide chaos reigns as 29000 websites face outage

At least 29,000 websites appear to be inaccessible as a result of a massive Domain Name System (DNS) malfunction. A massive outage has affected many applications and websites. PlayStation Network, HBO...

By  Ishika Dangayach On  2021-07-22 23:05:00
ABB Group acquires ASTI Mobile Robotics Group to expand AMR manufacturing

ABB Group announced the acquisition of autonomous mobile robots (AMR) and software provider, ASTI Mobile Robotics Group on Tuesday. The acquisition will allow ABB to expand its robotics and automation...

By  Yashasvini On  2021-07-22 22:20:00
Chipotle introduces gold-foil-wrapped burritos to celebrate U.S. athletes in Olympics

Chipotle Mexican Grill announced that gold foil-wrapped burritos will be available for a limited time at selected locations in-restaurant and through digital orders beginning July 23. The limited-edit...

By  Ishika Dangayach On  2021-07-22 20:21:00
Live-audio app Clubhouse removes invite system from its platform

Clubhouse said on Wednesday that it has removed its invite system allowing anyone to join the platform. The live audio app said in a blog post that it had always planned to open up the app but that in...

By  Shubhangi On  2021-07-22 03:49:00
Netflix registers slightly better revenue but misses earning expectations

Netflix reported second-quarter earnings on Tuesday with revenue slightly better than expectations while missing earnings. The company posted earnings of $2.97 per share compared to $3.16 as expected ...

By  Shubhangi On  2021-07-21 04:34:00
Microsoft unveils Windows 11 update with built-in Teams experience

Microsoft said on Tuesday that it is introducing a Windows 11 update that includes its Chat feature over Microsoft Teams. Users who are testing Windows 11 will be able to test the software before it b...

By  Shubhangi On  2021-07-21 03:50:00
Consumer Reports says Tesla's 'Full Self-Driving' software lacks safeguards

Tesla Inc's "Full Self-Driving" software lacks safeguards, Consumer Reports (CR) research revealed on Tuesday, raising concerns on the safety of others in the road citing reports from drivers. The inf...

By  Arghyadeep On  2021-07-21 02:19:00
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