SoftBank Group-Backed Construction startup Katerra Inc. is reportedly planning to shut down. The startup, which has raised over 2 billion since its inception, has reportedly told its employees it will be shutting down operations. SoftBank is among the companies that have funded the startup. The company had last year said that it had over 8,000 […]

TikTok founder Zhang Yiming has announced that he would step down from the position of Chief Executive Officer of parent company ByteDance. 38-year-old Zhang founded ByteDance almost 10 years ago and the company developed one of the most popular apps TikTok. There are some other apps developed by the company. According to information shared by […]

Tesla has announced a major change in its policy for vehicle purchases. The company has suspended accepting Bitcoin for purchases. The decision was overturned within two months of Tesla’s push for the cryptocurrency. The electric vehicle manufacturer had said that it will accept Bitcoin as a payment mode from customers for buying its products. This […]

In a bid to make people more aware of vaccination against COVID-19, fast-food giant McDonald’s has partnered with the Biden administration. Under the new campaign, which has been named ‘We Can Do This’, McDonald’s will promote information related to vaccination on its coffee cups. The development comes as more and more people are becoming hesitant […]

Electric car manufacturer Tesla has agreed to pay a fine of USD 750,000 in order to settle air quality violations. Tesla was found violating air quality norms at its Fremont California plant, an official said. According to the Bay Area Air Quality Management District, there are around 33 settlement notices of violations against Tesla. Some […]

In yet another quarterly report, Delta Air Lines has reported loss. The airline has posted a net loss of almost USD 1.2 billion in the first quarter on USD 4.15 billion in revenue. But the Atlanta-based carrier said that it is expecting to break even in June as travel demand is slowly picking pace. Delta […]

General Motors has entered into the increasingly crowded field of EV platform pickup trucks. As the company has already invested billions in the electric vehicle platform, it now plans to use them across different models and brands. The first among its vehicles to have an all-electric version is the Silverado pickup truck. The company is […]

After spending almost 16 years, Yahoo Answers will be shutting down permanently on May 4. It’s one of the longest-running platforms for questions and answers in the history of the internet. From May 4 and onwards, the Yahoo Answers website will redirect you to the homepage of Yahoo. Most importantly, all the archives available on […]

Taiwan Semiconductor Manufacturing Co., which provides chips to tech giant Apple, has plans to spend around USD 100 billion into advanced chips. The company will spend this amount over the time period of three years to meet the sudden surge in demands of semiconductors. TSMC is the largest manufacturer of advanced semiconductors in the world. […]

Tech giant Microsoft is planning to enter the competitive social media market. The software giant is mulling to acquire Discord. Discord is known for being a platform that facilitates voice, video, and text communications. Microsoft is in early talks with Discord to acquire its business for USD 10 billion. Discord is currently going through a […]

Coinbase has agreed to pay USD 6.5 million as a fine for making false and misleading trading claims. The cryptocurrency exchange platform reached a settlement with the Commodity Futures Trading Commission which had fined it for providing misleading info. The US regulator had said that Coinbase provided inaccurate trading reports between 2015 and 2018. Coinbase […]

Google has some massive plans of investment this year. The search engine giant has announced its plans to expand data centers across the United States and open new offices. The will be done with an investment of USD 7 billion. The company said that it will create 10,000 new full-time jobs. Alphabet CEO Sundar Pichai […]

Search engine giant Google has announced an important update regarding the Play Store fee. The company has slashed the service fee to 15 percent. The reduction in the Play Store fee will benefit the developers. The new rate for in-app purchases will be applicable across the global market from July 1. After the new rate […]

In a major relief for Xiaomi, a court in the United States has suspended the trade ban on the Chinese electronics giant. The court has temporarily halted the decision to impose a ban on the company. The ban was imposed by the Department of Defence. The department had asked the US firms not to invest […]

Disney Plus has achieved a new feat in terms of subscribers. The platform has reported a massive surge in its user pool. It has now surpassed the 100 million-mark of paid subscribers worldwide. Disney+ had 94.9 million paid subscribers in February. Disney Plus is a video-on-demand streaming service by entertainment conglomerate Disney. Its CEO Bob […]

Starlink is coming to India. The company has announced that it has plans to launch the services in India in 2022. Starlink is owned by tech mogul Elon Musk. The company provides high-speed internet service. Starlink is basically a satellite internet constellation in the low Earth orbit. The private aerospace company is SpaceX is behind […]

Shawn ‘JAY Z’ Carter has sold the majority of stake in startup Tidal to fintech company Square. Twitter CEO Jack Dorsey is the founder of the fintech company. Square will acquire majority ownership by paying USD 297 million in cash and stock. Tidal is a music streaming startup owned by the American rapper. Reports suggest […]

“Europe Resilient Flooring Market Types of Products, Applications, Market Value, Revenue Shares, CAGRs, and Global Forecast: 2020 to 2029” is one of the recently created report by research team at Market.us. Europe resilient flooring market is expected to be valued at over US$ 4.7 Billion in 2019. The global market is projected to reach a […]

After losing millions of customers, AT&T has decided to sell 30 percent of its stake in DirecTV. The deal that cost around USD 16 billion has been signed with private equity firm TPG. As per the deal, the equity firm will hold 30 percent of the stake while the remaining will remain under the possession […]

Diverter valves are a type of processing valves developed and designed to direct powders, solids or slurries to flow from a single inlet to multiple outlets, without disturbing the line operations. These valves are also used for controlling the flow and to converge multiple flowing lines into a single line. Diverter valves are ideal for […]