Kape Technologies buys ExpressVPN for $936 million

JERUSALEM (Reuters) – British-Israeli digital security software provider Kape Technologies PLC said on Monday it was buying virtual private network (VPN) firm ExpressVPN for $936 million in a deal aimed at creating what it called a “premium consumer privacy and security player.” Kape said the acquisition expands its customer base to more than 6 million… Continue reading Kape Technologies buys ExpressVPN for $936 million

Quick-delivery retail startup Jokr raises $170 million from investors

BERLIN (Reuters) – German e-commerce pioneer Ralf Wenzel’s quick-delivery retail platform Jokr, which has gone live in seven countries since launching barely four months ago, said on Tuesday it had raised $170 million from investors to power growth. The Delivery Hero and Softbank veteran has styled the business as an “Amazon on steroids” and, with… Continue reading Quick-delivery retail startup Jokr raises $170 million from investors

Indian IT giant Tech Mahindra partners on blockchain system for vaccine tracing

As mass vaccination programs against COVID-19 become increasingly critical to many governments’ strategies for pandemic management, blockchain firms are acting fast to propose ways in which the technology could offer solutions to some of the logistical hurdles involved. Blockchain company StaTwig — a graduate of the UNICEF Innovation Fund — was already trialing its blockchain-based… Continue reading Indian IT giant Tech Mahindra partners on blockchain system for vaccine tracing

14-story Denver Tech Center office building sells for $47M – The Denver Post

An office building in the Denver Tech Center has sold for $47.1 million, according to public records. The 14-story Stanford Place I building at 8055 E. Tufts Ave., in Denver was purchased last week by Alturas Stanford LLC, records show. That entity lists an office address that corresponds to that of Idaho-based Alturas Capital Partners.… Continue reading 14-story Denver Tech Center office building sells for $47M – The Denver Post

Macron bemoans nonsense innovation, takes aim at Chinese and U.S. tech bonanza

PARIS (Reuters) – French President Emmanuel Macron called out on Wednesday what he described as excesses of liquidity in the U.S. and Chinese financial markets, some of which he said could instead foster the growth of tech companies in Europe.FILE PHOTO: France’s President Emmanuel Macron holds a news conference during the NATO summit in Brussels,… Continue reading Macron bemoans nonsense innovation, takes aim at Chinese and U.S. tech bonanza

Big Tech needs more competition to 'diversify' social media: Rep. Buck

Facebook, Big Tech needs competitors to ‘diversify’ social media platforms: Rep. Buck Colorado Rep. Ken Buck argues new social media platforms should be created to encourage diversity of viewpoints and competition Rep. Ken Buck, R-Colo., joined “Fox News Live” Sunday and proposed that more competitors need to enter the Big Tech market. Buck opposed government… Continue reading Big Tech needs more competition to 'diversify' social media: Rep. Buck

Blockchain tech has a solution to secure your email

The global COVID-19 pandemic has definitely created a clear delineation of remote work: The reliability of a company lies in its email service provider for all forms of communication. Let’s start with the origin of email. Email has been around for more than 50 years and is a formal channel of communication across the world.… Continue reading Blockchain tech has a solution to secure your email

Analysis: Fund managers see value, cyclical stocks running further despite slow U.S. jobs recovery

NEW YORK (Reuters) – While some technology stocks got a boost Friday after a disappointing U.S. jobs report, some portfolio managers say that blow-out earnings from several large technology companies over the last few weeks are not enough to keep making outsized bets on the sector.FILE PHOTO: A man walks past the New York Stock… Continue reading Analysis: Fund managers see value, cyclical stocks running further despite slow U.S. jobs recovery

Dan Gainor: Big Tech crushing free speech – this censorship report card reveals growing and dangerous bias

Texas proposes new legislation to hold Big Tech accountable State Sen. Bryan Hughes, R-Texas, tells ‘Fox & Friends First’ that reforms are needed because Section 230 gives Big Tech ‘so much power.’ “F.” One letter says everything you need to know about failure in our society. In this case, it’s a letter hard-earned by Big… Continue reading Dan Gainor: Big Tech crushing free speech – this censorship report card reveals growing and dangerous bias

Geely Targets Apple, Big Tech With Its New Electric-Car Unit

China-based automaker Zhejiang Geely once set a goal of having 90% of its 2020 production comprised of electric (the Chinese call them new-energy) vehicles. That didn’t happen, but Geely did manage to become China’s biggest automaker by winning customers for its lower- and mid-priced cars. Last month, the company cast its eye on the high-end… Continue reading Geely Targets Apple, Big Tech With Its New Electric-Car Unit

Analysis: Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny

SHANGHAI/HONG KONG (Reuters) – A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some eyeing Hong Kong share sales instead, as regulators tighten scrutiny of IPO applicants after the halting of Ant Group’s $37 billion float.FILE PHOTO: A sign for STAR Market, China’s new Nasdaq-style tech… Continue reading Analysis: Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny

State Street to provide tech for institutional Bitcoin trading platform

State Street, the second-oldest operating bank in the United States, is moving into the cryptocurrency industry by agreeing to provide its technology for a new crypto trading platform. Currenex, a foreign exchange technology provider owned by State Street, has entered into an agreement with crypto firm Puremarkets to provide its trading infrastructure and tech for… Continue reading State Street to provide tech for institutional Bitcoin trading platform

Arm Ltd debuts new chip technology aimed at overtaking data centres

FILE PHOTO: Simon Segar, the CEO of British chip designer Arm, poses in an undated Handout image provided to Reuters, September 14, 2020. Arm/Handout via Reuters (Reuters) – Arm Ltd, the British technology firm whose chip technology powers most of the world’s smartphones, on Tuesday released a new generation of technology aimed at taking over… Continue reading Arm Ltd debuts new chip technology aimed at overtaking data centres

Amazon's social media team bares its teeth in Washington

WASHINGTON (Reuters) – Amazon.com’s social media team bared its teeth this week to go after two big critics in Congress: Senators Bernie Sanders and Elizabeth Warren.FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February 20, 2017. REUTERS/Pascal Rossignol/File PhotoAmazon first struck out Wednesday with tweets by… Continue reading Amazon's social media team bares its teeth in Washington

China's Tencent faces concessions to win green light for giant videogaming merger: sources

(Reuters) – Chinese internet giant Tencent Holdings Ltd is having to offer concessions in a plan to merge the country’s top two videogame live-streaming sites in order to resolve antitrust concerns, two people with knowledge of the matter told Reuters.FILE PHOTO: The Tencent logo is seen at its booth at the 2020 China International Fair… Continue reading China's Tencent faces concessions to win green light for giant videogaming merger: sources

In Southeast Asian internet battle, Sea's rise sends rivals scrambling

SINGAPORE (Reuters) – In front of an open-air Jakarta restaurant, delivery drivers clad in the orange colours of Southeast Asia tech group Sea Ltd wait for orders next to the green-jacketed riders of market leaders Gojek and Grab, in what has become the latest battleground for tech supremacy in Southeast Asia.FILE PHOTO: A signage of… Continue reading In Southeast Asian internet battle, Sea's rise sends rivals scrambling

In Southeast Asian internet battle, Sea's rise sends rivals scrambling

SINGAPORE (Reuters) – In front of an open-air Jakarta restaurant, delivery drivers clad in the orange colours of Southeast Asia tech group Sea Ltd wait for orders next to the green-jacketed riders of market leaders Gojek and Grab, in what has become the latest battleground for tech supremacy in Southeast Asia.FILE PHOTO: A signage of… Continue reading In Southeast Asian internet battle, Sea's rise sends rivals scrambling

Top Democrat speaks to Biden staff about key internet law

FILE PHOTO: Committee chairman Sen. Mark Warner (D-VA) questions witnesses during a Senate Intelligence Committee hearing on Capitol Hill in Washington, U.S., February 23, 2021. Drew Angerer/Pool via REUTERSWASHINGTON (Reuters) – U.S. Senator Mark Warner said on Monday he has been talking to President Joe Biden’s staff about Section 230 – a law protecting tech… Continue reading Top Democrat speaks to Biden staff about key internet law

BoE governor wants UK bill to make Google tackle online scams: Sunday Times

FILE PHOTO: The Google name is displayed outside the company’s office in London, Britain, November 1, 2018. REUTERS/Toby MelvilleLONDON (Reuters) – Bank of England Governor Andrew Bailey has been lobbying the British government to introduce a legal requirement for internet giants such as Google to take down financial fraud websites, according to a report in… Continue reading BoE governor wants UK bill to make Google tackle online scams: Sunday Times

Top finance, tech firms mulling NY exodus over proposed tax hike

How will the Fed decision and tax hikes impact the market? Nancy Tengler, Scott Martin and Nicole Webb discuss where things are looking up and Charles’ stock of the day. Top New York firms that toughed it out through the pandemic are now considering packing their bags over $7 billion in proposed new state taxes. At… Continue reading Top finance, tech firms mulling NY exodus over proposed tax hike

UK antitrust regulator prepares to investigate Facebook – FT

FILE PHOTO: A 3D plastic representation of the Facebook logo is seen in this illustration in Zenica, Bosnia and Herzegovina, May 13, 2015. REUTERS/Dado Ruvic/File Photo(Reuters) – Britain’s competition regulator is set to begin an antitrust investigation into Facebook Inc in the next few months, after similar actions into Google and Apple early this year,… Continue reading UK antitrust regulator prepares to investigate Facebook – FT

Big Tech under pressure as bond yields rise

Big Tech stocks are built for ‘long-term mindset’: Constellation Research founder Constellation Research founder Ray Wang on his outlook for technology stocks like Coupang and Roblox. The Nasdaq was set to open sharply lower Friday morning as the 10-year yield neared its highest level of the year. Nasdaq futures were lower by 1.2% while S&P… Continue reading Big Tech under pressure as bond yields rise

Europe seeks semiconductor boost, first quantum computer

BRUSSELS (Reuters) – The European Union wants to produce a fifth of the global output of cutting-edge semiconductors at the end of this decade and make its first quantum computer in five years, as part of efforts to cut its dependence on non-European technologies.FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in… Continue reading Europe seeks semiconductor boost, first quantum computer