Apple has paused plans to use memory chips manufactured by Yangtze Memory Technologies Co (YTMC), the largest memory chip maker in China, after US trade sanctions targeted the company, according to reports. …
Netflix to Introduce Ad-Tier Service This Year
Netflix has launched a new, cheaper streaming option which includes adverts, as it fights to maintain subscriber numbers. The plan will be rolled out in 12 countries including the U.S., the U.K.,…
Lyft, Uber and DoorDash Shares Tumble Following Federal Gig Worker Proposal
Share prices of Uber, Lyft and DoorDash dropped heavily on Tuesday after the United States Department of Labor announced a proposal to change the way workers are classified, something that would drastically…
Amazon to Invest €1bn to Electrify European Fleet
Amazon will spend €1 billion over the next five years to electrify its delivery fleet in Europe, Reuters has reported. Currently the e-commerce giant has around 3,000 zero-emission last-mile delivery vans in…
Judge Says Twitter v Musk Trial On Schedule Despite Deal U-Turn
Kathleen McCormick, the judge overseeing the Twitter v Elon Musk trial, says the case is still set to go ahead later this month, despite Musk’s apparent willingness to now complete his deal…
Naver Agrees $1.2bn Deal to Buy Fashion Marketplace Poshmark
The South Korean search giant Naver has agreed to acquire fashion marketplace Poshmark for $1.2 billion in cash. The deal values the company’s shares at $17.90, a 15% premium on yesterday’s closing…
Intel’s Self-Driving Tech Company Mobileye Files For IPO
Mobileye, the self-driving technology company owned by Intel, has filed for an IPO. An SEC filing shows the Israel-based company, which was acquired by Intel for $15.3 billion in 2017, intends to…
Google to Shut Down Stadia
Google has announced it is shutting down its cloud gaming service Stadia, just three years after its launch. The service was touted as a “Netflix for games” and allowed gamers to stream…
Porsche Shares Rise After IPO
Porsche made its stock market debut on Thursday, in one of Europe’s biggest ever public offerings. The IPO, which values the automaker at around 75 billion euros, appears to have been a…
Interpol Issues Arrest Notice for Crypto Founder
Interpol has issued a “red notice” for Do Kwon, the founder of the failed cryptocurrency Terra. The red notice means Interpol has asked law enforcement agencies around the world to find and…