Amazon announced today it has acquired the maker of Roomba robot vacuum cleaner iRobot Corp for $1.7 billion in an all-cash deal, as part of the latest push to grow its connected device cart products and add to its cart of smart […]
Commission-free stock and trading app Robinhood is laying off 780 staff, about 23% of its total workforce. The layoffs followed a previous round of layoffs that the company announced in April, which saw 9% of its people (~342 people) out of jobs. […]
The Federal Aviation Administration (FAA) has awarded a task order contract to the New York UAS Test Site (NYUASTS) for the next uncrewed aircraft systems (UAS or drone) integration project to help advance the reality of safe, high-volume drone operations, […]
Crypto exchange Coinbase has partnered with the world’s largest asset manager BlackRock to offer direct access to bitcoin to some institutional clients. The partnership further shows that the ongoing crypto bear market has done little to stop investors’ interest in […]
CRM&BONUS, a Softbank-backed Brazilian giftback platform, announced today it has acquired social media sales startup Zipper for 25 million reais ($4.7 million) in cash and part in shares. “This acquisition allows us to increase offers to retailers to help them raise […]
The SaaS industry has been booming over the past several years. After a global valuation of $31.5 billion in 2015, the market for cloud-based solutions is expected to reach a staggering $208 billion by the end of 2023, highlighting just […]
Astar Network, a multi-chain decentralized application layer on Polkadot, today announced a partnership with blockchain development platform Alchemy. As part of the tie-up, Astar will leverage Alchemy’s APIs to provide powerful tooling on Polkadot. The move will make it easier for […]
BorgWarner, a 130-year-old auto-parts maker, announced today it has acquired Rhombus Energy Solutions to complement its existing European charging footprint to accelerate organic growth. BorgWarner said the enterprise value of the deal can go up to $185 million, which is being funded primarily with […]
The demand for cybersecurity professionals is at an all-time high. The increased in cyberattacks, coupled with the pandemic has driven up the demand for experienced professionals. With colleges not graduating enough technically skilled cybersecurity professionals, the demand for cyber professionals far outnumbers […]
Non-fungible tokens (NFTs) have skyrocketed in popularity over the last two years. But with the ongoing global economic downturn and looming recession, the NFT space is currently going through some correction just like the stock market. While trading in the NFT […]
In the past three years, over 80% of producers recorded an unexpected downtime in manufacturing leading to an hourly cost of up to $260.000, according to a recent report from Aberdeen Research. The situation is even direr in the industrial sector. Now, […]
Private equity giant Thoma Bravo continues with its acquisition spree. Ping Identity announced today that Thoma Bravo is buying the Enterprise identity management company and would take it private, in an all-cash buyout deal valued at $2.4 billion. As part of the […]
Michael Saylor is leaving his role as CEO of MicroStrategy to become Executive Chairman of the company, according to a statement released this afternoon. MicroStrategy’s president, Phong Le, will become the company’s new CEO. Saylor founded MicroStrategy in 1989 with his […]
If you are a regular audience of this platform, you’ve probably read our article about the conspiracy theory and erroneous claim that 5G networking equipment weakens the immune system. That claim has since been debunked. Over the years, the development […]
With many issues facing our world today, small and big corporations alike are no longer just focusing on short-term profit but also on their impacts on society and the world at large. Today, the world is faced with a plethora […]
Robinhood is in trouble with government regulators again. The commission-free trading app found itself in hot water after the New York State’s financial regulator fined the crypto unit of Robinhood $30 million for alleged violations of anti-money-laundering, cybersecurity, and consumer protection […]
On August 17, 2020, The Italian Supervisory Authority (SA) banned the use of Google Analytics, ruling that it was non-compliant with EU data protection rules. They banned the popular analytics tool, finding that the protections Google applied were not sufficient to […]
Every year, the U.S. government creates hundreds, if not thousands, of new regulations that impact small and big businesses alike. In the last two decades, the regulatory burden has grown substantially and cost over two million jobs. Companies dedicate a large […]
Crypto hackers strike again. In the latest heist to hit the crypto space, U.S.-based crypto exchange Nomad has been hit by a $190 million theft, according to a report by blockchain researchers. The revelation comes just a week after Nomad raised $22 […]
Last month, OpenSea said it was laying off 20% of its workforce to reduce costs amid a prolonged slump in crypto-asset markets. The world’s largest NFT marketplace also saw the sales of non-fungible tokens (NFTs) on the Ethereum blockchain network fell […]
