Uber completes $2.7B acquisition of Postmates
By Vega Uber has officially gobbled up its $2.7 billion Postmates order. The tie-up, which had been on hold from its announcement in September until earlier this month as both …
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Preet Bharara and his brother sued by podcaster over unpaid bills
By Kosman Preet Bharara and his tech entrepreneur brother have been slapped with an explosive lawsuit that accuses them of stiffing a podcast producer out of more than $2 million. …
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Ex-Google CEO Eric Schmidt backs new European venture fund
By Steigrad Former Google boss Eric Schmidt has just plowed cash into a British-based venture capital fund. The 65-year-old tech billionaire, who is finalizing a plan to become a citizen …
Read MoreHot startup Livspace faces backlash from angry customers, vendors and ex-employees
By: Shubham A. Home Truth: A peek inside Livspace reveals a trail of commitments that have not been honoured, leaving several customers, vendors and ex-employees livid. Why is this home …
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Facebook will reportedly launch Libra cryptocurrency early next year
By Vega Facebook’s Libra cryptocurrency is set to make its debut in early 2021. The digital token from the world’s largest social network could launch as early as January — …
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Universal’s ‘The Croods’ has $2M box office debut amid pandemic
By Steigrad Universal Pictures’ release of “The Croods: A New Age” logged $2 million in ticket sales at its opening, a paltry sum by industry standards that nevertheless marked the …
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Tesla recalling more than 9,000 Model X cars
By Manskar Tesla is recalling more than 9,500 vehicles over concerns about parts of their roofs flying off and loose bolts messing with the driver’s ability to steer. The electric-car …
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Sony promises more PS5 consoles ‘before the end of the year’
By Vega Sony promised frustrated gamers that more units of its impossible-to-find PlayStation5 console will arrive at stores by year’s end. “We want to thank gamers everywhere for making the …
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JPMorgan fined $250 million over risk management failings
By Ellie JPMorgan Chase has agreed to pay $250 million for risk management and other control failings in its asset and wealth management business, a US regulator said Tuesday, in …
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Facial recognition software can now reportedly recognize bears
By Fonrouge Facial recognition software isn’t just for humans anymore — new technology can also recognize bears, CNN reported. Melanie Clapham, a postdoctoral fellow at the University of Victoria and …
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Airbnb exec resigned over concerns company shared too much data with China
By Paula The former chief trust officer of Airbnb was so concerned about how much user data the internet behemoth was sharing with China, he resigned from his post last …
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Universal strikes another ‘exclusivity’ deal with major theater chain
By Jenny Another major movie theater chain has struck a deal with Universal Pictures to allow for shorter exclusive theatrical windows. Canada’s Cineplex has agreed on a multiyear “dynamic window” …
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SEC boss Jay Clayton to take a deeper look at the blank-check company boom
By Mcenery Wall Street’s top regulator wants to take a closer look at blank-check companies on his way out the door. Securities and Exchange Commission Chairman Jay Clayton said Thursday …
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Bitcoin’s valuation surpasses $18,000 for first time since 2017
By Vega Bitcoin’s recent rally is showing no signs of slowing, with investors briefly pushing the digital token’s value past the $18,000 mark. The cryptocurrency’s valuation hit a level it hasn’t …
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Xbox Series X, PS5 sold out nearly everywhere until Black Friday
By Vega Gamers trying to get their hands on the new PlayStation 5 or Xbox Series X look likely to be stuck playing the waiting game instead. The next-generation video-game …
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Walmart sells most of its Seiyu supermarket business in Japan
By Manskar Walmart announced plans to sell most of its Japanese supermarket business in the mega-retailer’s latest pullback from an international market. The Arkansas-based company said it will sell 65 …
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Tesla stock jumps 8 percent as automaker is added to S&P 500
By Vega Four months after achieving it’s first full year of profitability, Tesla has been accepted into the benchmark S&P 500 index. The electric automaker will be included as a …
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Mexico reaches 1 million COVID-19 cases, nears 100,000 deaths
By Alex MEXICO CITY — Mexico on Saturday topped 1 million registered coronavirus cases and nearly 100,000 test-confirmed deaths, though officials agree the number is probably much higher. How did …
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Former Wells Fargo CEO John Stumpf and senior exec Carrie Tolstedt hit with new SEC charges
By Mcenery The feds slapped ex-Wells Fargo chief John Stumpf and the bank’s former community banking head Carrie Tolstedt with fresh civil charges and fines over their roles in the …
Read More Bitcoin’s value tops $16,000 for first time since January 2018
By Vega Just a week after topping the $15,000 mark for the first time in three years, bitcoin has zoomed past $16,000. The cryptocurrency’s rally has brought it back to …
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