• 2
    Jun

    Facebook employees stage virtual walkout in protest of company’s stance on Trump posts

    Some Facebook employees are virtually walking out today to challenge the company’s lack of response to President Donald Trump’s posts pertaining to protests in light of the brutal killing of George Floyd. Employees participating in the protest requested time off and then added an out-of-office response to their emails notifying senders they are protesting, The New York Times reports. Facebook has since acknowledged the ...
  • 27
    May

    Google removes millions of negative TikTok reviews amid backlash in India

    ByteDance’s  TikTok app, which has gained hundreds of millions of users in India with its short-form videos, is facing criticism in its biggest overseas market after disturbing videos surfaced on the platform. Phrases such as BanTikTok, DeleteTikTok, and BlockTikTok have trended on Twitter in India in the past three weeks after numerous users expressed disgust over some videos that were circulating ...
  • 27
    May

    Coinbase to acquire Tagomi to improve institutional trading offering

    Cryptocurrency exchange company Coinbase has announced plans to acquire Tagomi, an advanced cryptocurrency brokerage platform specifically targeted at professionals and institutional investors. Terms of the deal are undisclosed and the acquisition is still pending regulatory approval. While Coinbase is a well-known name for retail investors who are just getting started in the cryptocurrency space and want to buy some bitcoins, the company has been ...
  • 26
    May

    India’s contact tracing app is going open source

    India said it will publicly release the source code of its contact tracing app, Aarogya Setu, in a relief to privacy and security experts who have been advocating for this ever since the app launched in early April.  Ajay Prakash Sawhney, secretary in the ministry of electronics and information technology, made the announcement on Tuesday, slating it as “opening the heart” of ...
  • 20
    May

    Indian ride-hailing firm Ola cuts 1,400 jobs

    Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish Aggarwal, co-founder and chief executive of Ola, shared the job elimination update with the team ...
  • 20
    May

    China’s Geek+ brings warehouse robots to US via Conveyco partnership

    Chinese robots will soon be seen roaming a number of warehouse floors across North America. Geek+,  a well-funded Chinese robotics company that specializes in logistics automation for factories, warehouses and supply chains, furthers its expansion in North America after striking a strategic partnership with Conveyco, an order fulfillment and distribution center system integrator with operations across the continent. Geek+ is seizing a ...
  • 19
    May

    UK angels still active during lockdown, but startups need to be quick

    A survey of UK angel investors regarding their investment strategies during the COVID-19 pandemic has found that over 65% of angels investors are continuing to invest in startups during Lockdown, but with predominantly new deals. Many are completing more deals and increasing their cheque size by as much as 18%. However, the pandemic has reduced their total capital to invest ...
  • 18
    May

    Huawei admits uncertainty following new US chip curbs

    Following the U.S. government’s announcement that would further thwart Huawei’s chip-making capability, the Chinese telecoms equipment giant condemned the new ruling for being “arbitrary and pernicious.” “Huawei categorically opposes the amendments made by the U.S. Department of Commerce  to its foreign direct product rule that target Huawei specifically,” said Huawei Monday at its annual analyst summit in Shenzhen. The new curbs, which dropped on Friday, ...
  • 18
    May

    Fitbit’s Chinese rival Amazfit mulls a transparent, self-disinfecting mask

    The COVID-19 pandemic has ushered in a wave of Chinese companies with manufacturing operations to produce virus-fighting equipment: Shenzhen-based electric vehicle giant BYD quickly moved to launch what it claims to be the world’s largest mask plant; Hangzhou-based voice intelligence startup Rokid is making thermal imaging glasses targeted at the US market; and many more. The latest of such efforts comes from Huami,  the NASDAQ-listed ...
  • 15
    May

    Sorrento finds a coronavirus antibody that blocks viral infection 100% in preclinical lab experiments

    Therapeutics company Sorrento has made what it believes cold be a breakthrough in potential treatment of SARS-CoV-2, the virus that leads to COVID-19. The company released details its preclinical research on Friday, announcing that it has found an antibody that provides “100% inhibition of SARS-CoV-2 virus infection of healthy cells after four days incubation.” These results are from a preclinical ...