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Chinese shoppers spent $139.1 billion during this year’s annual Singles’ Day shopping extravaganza, breaking last year’s record even though spending slowed during the coronavirus pandemic. Alibaba tallied CNY 540.3 billion ($84.5 billion) in spending over the festival that spanned November 1 to November 11, the company said Thursday, a growth of 14 percent compared to a nearly 93
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Tesla’s stock declined slightly on Thursday after filings revealed Chief Executive Elon Musk sold about $5 billion (roughly Rs. 37,223 croree) worth of his shares this week following his much-hyped Twitter poll. The electric-car maker’s stock ended the session down 0.4 percent at $1,063.51 (roughly Rs. 79,100) after tumbling earlier in the week. Musk’s share
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WhatsApp is reportedly rolling out “My Contacts Except…” privacy feature, allowing users to control who can see their information on WhatsApp. The instant messaging app is also releasing a new interface for Contact Info and Group Info for specific Android beta testers, as per a separate report. This interface was previously only available when viewing
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New Zealand film director Peter Jackson on Wednesday announced the sale of his Oscar-winning Weta Digital special effects business to a US software firm intent on using it to develop the virtual-reality “metaverse”. San Francisco-based Unity Software said the $1.6 billion (roughly Rs. 11,896 crore) acquisition would “shape the future of the metaverse”, an immersive
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Israel’s Foreign Minister Yair Lapid on Saturday distanced the government from the NSO Group, a firm blacklisted this week by the United States over alleged misuse of its phone hacking spyware. An investigation by 17 media organisations published in July said NSO’s Pegasus software had targeted smartphones of journalists, rights activists and government officials in
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Amazon.com is seeking approval from US communications regulators to deploy more than 4,500 additional satellites as part of the company’s effort to deliver broadband Internet to areas around the world that lack high-speed service. Amazon had said previously it planned to spend at least $10 billion (roughly Rs. 74,200 crores) to build 3,236 such satellites
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SolarWinds investors have sued the software company’s directors, alleging they knew about and failed to monitor cybersecurity risks to the company ahead of a breach that created a vulnerability in thousands of its customers’ systems. The lawsuit filed in Delaware on Thursday appears to be the first based on records shareholders demanded from the company
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US knowledge-sharing website Quora has kicked off preparations for an initial public offering (IPO) in early 2022, according to people familiar with the matter. Quora has in recent days held talks to hire investment bankers and lawyers for a stock market debut in New York, the sources said. The Mountain View, California-based company was valued
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Telecom giants AT&T and Verizon agreed to push back deployment of a new 5G frequency band to allow time to address air safety concerns, US regulators said Thursday. The two companies will “voluntarily pause” the commercial rollout “to further assess any impact on aviation safety technologies,” the Federal Aviation Administration and the Federal Communications Commission
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Yahoo said it had stopped allowing its services to be accessible from mainland China “in recognition of the increasingly challenging business and legal environment”, the second Western tech brand to quit the country in recent weeks. The company stopped providing content for users in mainland China as of November 1, according to a statement published on
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Spotify is offering a free Premium subscription for Visa cardholders. The latest offer will allow users to enjoy three months of Spotify Premium subscription free-of-cost. Users who haven’t tried Spotify Premium membership before can only avail this new offer. The audio streaming service’s Premium plans give access to more than thousands of songs without advertisements
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