Snap Inc., has announced that Kenny Mitchell will join the company as Chief Marketing Officer (CMO) beginning in June 2019. In this newly created role, Mr. Mitchell will join the senior leadership team of the company and report to CEO Evan Spiegel. Mr. Mitchell will lead all consumer and product […]
Japan Display Inc., said it has entered into an alliance with Suwa Investment Holdings, LLC and TPK Holding Co., Ltd., to give control and ownership of the company to the Chinese-Taiwanese consortium. The struggling mobile phone display maker for Apple will receive cash injections of up to 80 billion yen […]
World’s largest social network, Facebook Inc., said it has revised the terms related to its users’ data following demands from the European Commission and consumer authorities. Facebook also said the new user agreement will also include taking responsibility when data has been mishandled by third parties. EU executive said the […]
China’s largest Internet company, Tencent Holdings Ltd., said it has raised a total sum of $6 billion via a bond sale that will see the technology company finance special projects. The company said the raising is part of its US$20 billion Global Medium Term Note Programme. The pricing of the […]
America’s foremost technology and science university, the Massachusetts Institute of Technology (MIT) it has cut collaborations with Huawei Technologies and ZTE Corp. MIT said it is ending the relationship as a result of the U.S. federal investigations of the Chinese technology companies’ alleged violations of sanctions. “MIT is not accepting […]
Jiji and Naspers’ OLX have announced that both companies have reached an agreement under which Jiji will acquire OLX businesses in Ghana, Kenya, Tanzania, and Uganda. OLX, a Naspers company said the agreement is pending certain regulatory approvals. Once the agreement gets approval, OLX users in Nigeria will be redirected […]
Millicom said it has launched a new datacenter in Nicaragua, an investment that will increase its data infrastructure investments throughout the region to 10 by the end of the year. Millicom will have built and deployed six state-of-the-art Tier III datacenters, expanding their reach from Colombia, Paraguay and Bolivia to […]
Less than two years after it debuts its mobile phones in Nigeria, Fero Mobile has closed shop in Nigeria. People familiar with the matter said the company cited ‘harsh’ economic conditions for its closure. Merchandisers who pleaded anonymity said they received a messaged on the closure of the company and […]
Latest news from Bloomberg says ride-hailing giant, Uber is looking at launching an initial public offering, IPO, on the New York Stock Exchange, NYSE. It would be recalled that Lyft, Uber’s major competitor had in the last quarter of last year filed for an IPO on the NASDAQ, the most […]
Social networking giant, Facebook Inc., has issued an alert that it discovered several passwords of its users were exposed. Facebook said in a statement that found that some user passwords were being stored in a readable format within our internal data storage systems. This caught our attention because our login […]