Tech

Yahoo reports USD1.3 billion in Q1 revenue
Tech

Yahoo reports USD1.3 billion in Q1 revenue

Yahoo Inc. Said in its first quarter earnings result that it gross revenue grew to USD1.3 billion from USD1 billion reported in the previous year. The result showed a general improvements in its top and bottomline overview for the quarter and beyond. Commenting on the result, Marissa Mayer, CEO of […]

China to launch cargo spacecraft in a few days
Tech

China to launch cargo spacecraft in a few days

In a few days from now, China China will launch its first cargo spacecraft Tianzhou-1 into space and it has been confirmed that this will happen between April 20 and 24, according to the office of China’s manned space program. The team responsible for the power system arrived at the […]

Stripe acquires Indie Hackers for undisclosed sum
Tech

Stripe acquires Indie Hackers for undisclosed sum

Stripe, one the fastest growing online payment platform has acquired Indie Hackers, IH for an undisclosed amount. Indie Hackers is a knowledge-sharing community for entrepreneurs founded by Courtland Allen less than a year ago. The latest acquisition makes it the third after Stripe went after Kickoff in March 2013 and […]

Naspers invests additional USD69 million into Takealot
Tech

Naspers invests additional USD69 million into Takealot

Africa’s largest tech investor, Naspers Limited has announced additional funding for Takealot, its eCommerce startup in South Africa. Naspers said in statement that it putting additional ZAR960 million into Takealot Online (Pty) Ltd This is a follow up funding from Tiger Global and Naspers in 2015 and underlines the continued […]

India’s Flipkart raises USD1.4 billion
Tech

India’s Flipkart raises USD1.4 billion

After announcing its plan to acquire Snapdeal, its struggling competition Flipkart has just raised USD1.4 billion. The funding round was bankrolled by eBay, Microsoft, and Tencent of China. Under the deal, Flipkart will be acquiring Ebay’s operation in India which is an exchange for its equity stake in Flipkart. Commenting […]

Why Twitter withdrew lawsuit against U.S Government
Tech

Why Twitter withdrew lawsuit against U.S Government

Twitter withdrew its lawsuit against the U.S. Department of Homeland Security after the agency abandoned efforts to identify an anonymous user who’s been highly critical of the Trump government. The social media company pulled its suit in U.S. District Court in California a day after it was filed. Twitter pursued […]