Facebook CEO Mark Zuckerberg’s dream of building a metaverse — an all-encompassing online world— gathered momentum this week when the company announced its intention to hire 10,000 workers in the European Union…
Meesho is SoftBank’s Latest Big Buy
Meesho, India’s largest reselling website, has negotiated a $250 million funding round led by SoftBank’s Vision Fund, the Economic Times has reported. The round, if completed, will value Meesho at between $1.5bn…
Big Tech Avoiding Almost $3bn in Developing-World Tax – Report
US tech giants are exploiting tax loopholes to avoid paying billions to the governments of developing nations, according to an NGO report. ActionAid International claims that Facebook, Microsoft and Google parent Alphabet…
Tech Giants Open New Front Line in Battle Against White House
Fresh from their adversarial hearings, US tech’s biggest players are going in to bat against the White House again – this time over President Donald Trump’s ban on certain working visas. Apple,…
New York Preps New Antitrust Laws, with Big Tech in Sights
New York lawmakers have introduced a new antitrust bill that will make it simpler for authorities to sue big tech companies for alleged breaches of monopoly powers. The sultrily-named S8700A bill is…
Tech Abandons Hong Kong, as Beijing Moves In
Tech companies are already beginning an exodus of Hong Kong – just weeks after Beijing enacted a prohibitive security law in the region. Small firms have already moved data—and in some cases…
TikTok vs. Facebook: Could the U.S. Really Ban TikTok?
With over 800 million active users worldwide, TikTok’s growth since its $1 billion rebrand of Music.ly in 2018 — a number thought to have been bolstered by the coronavirus pandemic — has…
Convosight Raises $4m from Sequoia Accelerator, Others
Indian community management startup Convosight has closed a $4 million pre-Series A funding round from Sequoia Capital’s accelerator Surge and IvyCap Ventures. The round will allow Convosight, which leverages data analytics and…
Mega-Investor Singer “Aims to Oust” Twitter’s Dorsey
An activist investment vehicle led by a billionaire political donor has purchased a stake in Twitter – and plans to “push for changes” including the ouster of Twitter CEO Jack Dorsey, according…
US Feels Heat of Coronavirus Spread
The United States is feeling the pressure of the rapidly-spreading Coronavirus, with major events canceled, stocks tumbling and a President that has chosen political battles over practical solutions. Facebook became the latest…