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 […]

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 […]

Google accidently offends the people of Karnataka

Google, Bengaluru

BENGALURU – The State Miniter of Karnataka, India has rebuked Google for suggesting that Kannada, the State’s official language, is the ugliest language on the country. A google search with keywords ‘ugliest language in india’ produced a result seemingly from Google claiming the answer is ‘Kannada’, a language spoken by 40 million people in the […]

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 […]

Amazon buys Hollywood studio MGM for $8.45bn

Amazon MGM

SEATTLE – In a move that will heat up the entertainment industry even further; Amazon.com (AMZN: NASDAQ) has purchased the historic Hollywood studio MGM for a record $8.45bn. This will boost the company’s offerings through a huge back catalogue of movies and shows on Amazon Prime videos and increase competition for streaming service providers such […]

Least engaged employees work from home: Wework CEO

Wework CEO Mathrani

NEW YORK – It seems Wework’s new CEO might also have a taste for controversy, albeit for reasons completely opposite to its former CEO Adam Neuman. Sandeep Lakhmi Mathrani joined the company in February 2020, following the departure of its previous CEO and a botched IPO. The transition took place without much fanfare, however the […]

SpaceX launches rocket in a first of its kind mission

CAPE CANAVERAL – Elon Musk’s SpaceX has sent a fourth manned rocket into space in the pre-dawn hours of Friday; reusing the Crew Dragon spacecraft and Falcon 9 rocket. This is the first time a recycled rocket has been launched into orbit on a crew mission – bringing Musk’s dream of a reusable space program […]