PayPal Holdings Inc. is a multinational financial technology company that specializes in online payment systems for businesses, online retailers, and commercial customers. The company was founded in 1998 as Confinity, with its headquarters in California, USA. By 2012, PayPal had processed over $145 billion USD in payments. According to recent reports, PayPal released a statement…
Tesla To Recall 199,575 Vehicles
Tesla has issued a recall of 199,575 vehicles due to a software glitch that may prevent the rearview camera from displaying. According to the notice from the National Highway Traffic Safety Administration (NHTSA), the affected vehicles will have a blank display when entering reverse, which may affect the driver’s visibility and increase the risk of…
iRobot to Layoff 350
iRobot Corporation is a technology company that specializes in building autonomous cleaning devices and consumer robots. The company was founded in 1990 with its headquarters in Massachusetts, USA. In 2002, iRobot released its robotic vacuum cleaner, Roomba, and by 2004 it had sold over 1 million units. In 2016, the company sold its military robotic…
Business Insider to Layoff 8%
Business Insider is an American multinational financial and business news website. Its parent company is Insider Inc., a subsidiary of the German publisher Axel Springer SE, the largest mass media publisher in Europe. Business Insider was founded in 2007, with its headquarters in New York City. According to recent reports, Business Insider will lay off…
Microsoft To Layoff 1,900 in Gaming Division
Microsoft, the multinational technology company, has announced its plans to lay off 1,900 employees in its gaming divisions, Activision Blizzard and Xbox. The layoff is a result of a strategic measure aimed at establishing a cost-effective structure following the $68.7 billion USD acquisition of Activision Blizzard in 2023. The president of Blizzard, as well as…
Salesforce to Layoff 700
Salesforce is a cloud-based software development company that was founded in 1999. The company specializes in products like customer relationship management (CRM) software, analytics applications, and marketing automation software etc. Salesforce is headquartered in California, USA and boasts of being one of the largest enterprise software companies in the world as of 2022. According to…
Apple Macintosh at 40
The Macintosh, shortened as Mac, is a series of personal computers produced and distributed by Apple Inc. Apple was founded in 1976 as a technology company that develops and sells computer hardware and software, etc. In January 1984 (40 years ago), the company launched the Macintosh. The Apple Macintosh was supposedly the first successfully marketed…
Microsoft: $3 Trillion Market Cap
Microsoft is now the second company to reach the $3 trillion USD market capitalization mark. Market cap, as it is popularly referred to, is the overall value of a publicly traded company’s authorized shares owned by stockholders. In 2023, Apple became the first company to hit the $3 trillion USD cap. The report further mentions…
AST SpaceMobile: $206 Million Investment
AST SpaceMobile is a satellite manufacturer that is looking to build a cellular broadband network that will be primarily located in space. The company was founded in 2017, with its headquarters in Texas, USA. In 2022, AST SpaceMobile launched a prototype satellite that currently boasts of being the largest communication array in the low earth…
Microsoft Teams is Down for Thousands
Microsoft Teams is a proprietary business communication software used by over 200 million individuals globally. The software is owned by Microsoft and offers instant messaging, audio calling, and video calling capabilities. As reported by thousands of users including incognito of Incognito Blog, Microsoft Teams has been experiencing connectivity issues today, January 26 2024. The problems…