Visa buys Swedish fintech Tink for $2 Billion plus

Tink's cofounders

STOCKHOLM – Swedish Fintech, Tink, has become Visa Inc.’s latest acquisition of an open banking platform, after Visa’s failed attempt at purchasing Plaid earlier this year. Visa Inc. agreed to pay more than $2 billion for the startup whose digital services connect more than 3,400 banks and financial institutions in Europe. Through its network, Tink […]

Biden appoints Lina Khan to FTC Chair

Lina Khan FTC Big Tech

WASHINGTON – The Biden government announced the appointment of legal scholar, Lina Khan, as head of the Federal Trade Commission – signalling the current administration’s tough stance on Big Tech. Khan was sworn in as FTC chair following the Senate’s confirmation of her as one of five members of the commission on a 69-28 vote. […]

Nigeria bans Twitter in retaliation to its policy

Muhammadu Buhari President of Nigeria

ABUJA – The Nigerian Government has announced it will ban the use of Twitter indefinitely following the social media company’s action on President Muhammadu Buhari’s account. The ban comes two days after the company caused offense by deleting the President’s tweet that threatened violence against the people in the country’s southeast. Twitter’s public policies specifically […]

Cash Flow Management During a Crisis & Economic Uncertainty – June 23, 2021

Cash Flow Management webinar

REGISTER HERE. Topic: American Express – Cash Flow Management During a Crisis & Economic Uncertainty – June 23, 2021 Hosts: American Express and Financial Executives International Canada¬†(FEI Canada) Cost: Free with promo code Speakers: PETER BARNETT, Director, Large Market Sales at American Express DR. SEAN WISE, Professor of Entrepreneurship, Ryerson University MOHAMAD FAKIH, CEO/President of […]

Anonymous sends Elon Musk a warning

Anonymous

CYBERSPACE – The decentralized hacktivist community group, Anonymous, has posted a strongly worded message addressing Elon Musk and threatening him with retribution for his ‘careless’ tweets that they claim has ‘destroyed lives’. The video also called him ‘just another narcissistic rich dude’. The message was delivered by an eerie figure wearing a Guy Fawkes mask, […]

Rich nations to start taxing tech giants

G7 Rich Nations tax agreement

The heads of several rich countries are discussing new proposals to tax global tech companies that generate high levels of revenue. Many of these companies have generated unprecedented income despite the COVID 19 global pandemic yet manage to pay proportionally very little in taxes. France’s Bruno le Maire told the BBC the G7 club of […]

Bitcoins and other digital currencies crash in May

Bitcoin crash

After months of steady gains, and record prices that seemed to defy a global pandemic and the ensuing economic uncertainty – the value of bitcoin and other cryptocurrencies came crashing down on Wednesday, May 19th, in response to an earlier tweet by Elon Musk and news that China has banned financial institutions and payment companies […]

DoorDash makes a more permanent home in Toronto

DoorDash sets up office in Toronto

TORONTO – The food delivery app; DoorDash (DASH: NYSE) announced the launch of a new office in Toronto to house its ever-growing Engineering team. This will be the company’s first International Engineering hub and serve as a model for similar hubs in future. The move is part of a greater trend of tech companies, such […]

LinkedIn explains the Top Companies 2021 list

Linkedin Top Companies Canada list

Following our Op-ed posted 04/30/2021 we received a follow-up message on behalf of LinkedIn explaining the methodology behind the list. The list sounds more assuring when combined with the methodology below; although it is sad and commendable to see that Microsoft and its subsidiaries (LinkedIn’s parent company) were not included. “Know you recently wrote an […]

Wealthsimple raises $750M; now valued at $5 Billion

TORONTO- Canadian online investment platform Wealthsimple announced it has raised a landmark $750 million in its latest round of funding, making it one of the largest private tech investments in Canadian history. The Canadian robo-advisory and DIY trading platform is the latest beneficiary of an interest in Canadian tech as well as global affinity to […]