Europe’s erstwhile online darling wants to delist“I AM NOT Scrooge McDuck,” said Oliver Samwer in 2017 when he denied the request of shareholders of Rocket Internet, the startup incubator he co-founded with his two brothers, to use the company’s cash to boost its ailing share price through share buy-backs. Now the way he has handled…
To understand the video-app saga, think of quantum mechanicsIF YOU WANT to understand the agreement between TikTok, a Chinese-owned video-sharing service, and Oracle, which sells corporate software (see article), it is useful to think of Schrödinger’s cat. Like the hypothetical feline of quantum mechanics, simultaneously alive and dead, the deal seems to be in two…
China’s microblogging giant faces ever stiffer competition for advertising revenueTHREE YEARS after Twitter launched in 2006, Chinese techies created a similar microblogging service in China. Weibo (literally “microblog” in Chinese) boasted an average of 241m daily active users in March, more than Twitter. Like its American cousin, Weibo allows users to follow other users, tweet,…
IN 1996 CIVIL war erupted in what was then Zaire and is now the conflict-ravaged Democratic Republic of Congo (DRC). Karasira Mboniga managed to escape, eventually settling in the Kiziba refugee camp in Rwanda, and working as a secondary-school teacher. But he says that his life changed for ever when he started his own business…
LARRY WHO? A few weeks ago asking a young tech worker in Silicon Valley about Larry Ellison, co-founder, former boss and now chief technology officer of Oracle, might have elicited blank stares. More surprising, given that his company is still the world’s second-largest software-maker, a follow-up question might have been: “Remind me what Oracle sells?”Being…
The Houston Texans have gotten off to a terrible 0-4 start.As a result, Bill O’Brien has been fired as the head coach/GM of the team.Does the franchise have any hope after O’Brien destroyed the roster?Bill O’Brien is gone.The city of Houston is rejoicing. That’s because O’Brien, as a key decision-maker, had become a destructive force…
It seems the “Christmas question” has been answered early this year.Meghan Markle, Prince Harry, and Archie will be spending the festive period in America.Thank God! I’m sure the royals could well do without the drama the couple would bring to a royal Christmas.It was only a matter of time before the Christmas plans of Meghan…
From Exxon bidding for auction rounds under OALP tp Flipkart readying for big billion day sale, here are top headlines this morning Topics Top Business Headlines | Top business stories | ONGC BS Web Team | New Delhi Last Updated at October 5, 2020 07:18 IST ExxonMobil, ONGC to bid jointly for upcoming auction rounds under OALP American energy…
Adityanath government in Uttar Pradesh faced more heat over the Hathras incident from leaders of several opposition parties who was allegedly gangraped and later died Topics Hathras case | Crime against women | Yogi Adityanath The Yogi Adityanath government in Uttar Pradesh faced more heat on Sunday over the Hathras incident from leaders of several opposition parties, many of…
The Anti-Corruption Bureau (ACB) of Telangana on Sunday seized assets worth Rs 3.36 crore (government value) of an Additional Collector from Medak district from the state and registered a case of disproportionate assets. As per the official statement of ACB, “On credible information that Gaddam Nagesh, Additional Collector (Under Suspension), Medak District has acquired assets…