SoftBank swings back to investment gain at Vision Fund, announces up to $3.4 billion share buyback

Posted on August 7, 2024 by Techme101

SoftBank announced it would buy back up to 6.8% of shares available amounting to up to 500 billion yen ($3.4 billion).

Posted in Tech | Tagged | Comments Off on SoftBank swings back to investment gain at Vision Fund, announces up to $3.4 billion share buyback

Sony posts 10% jump in profit, beating estimates on strong gaming growth

Posted on August 7, 2024 by Techme101

Sony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations.

Posted in Tech | Tagged | Comments Off on Sony posts 10% jump in profit, beating estimates on strong gaming growth

Watchdog to fine NHS IT firm £6m after medical records hack

Posted on August 7, 2024 by Techme101

The 2022 breach included medical records and information on gaining entry to the homes of 890 people.

Posted in Tech | Tagged | Comments Off on Watchdog to fine NHS IT firm £6m after medical records hack

Elon Musk sues Unilever and Mars over X ‘boycott’

Posted on August 7, 2024 by Techme101

The social media site claims the firms unfairly deprived it of billions of dollars of advertising revenue.

Posted in Tech | Tagged | Comments Off on Elon Musk sues Unilever and Mars over X ‘boycott’

UK data watchdog to fine NHS vendor Advanced for security failures prior to LockBit ransomware attack

Posted on August 7, 2024 by Techme101

The ICO issued the provisional fine in “failing to implement appropriate security measures prior to the attack.”
© 2024 TechCrunch. All rights reserved. For personal use only.

Posted in Tech | Tagged | Comments Off on UK data watchdog to fine NHS vendor Advanced for security failures prior to LockBit ransomware attack

Jumia plans to raise more than $100 million in secondary shares to drive stalled user growth  

Posted on August 7, 2024 by Techme101

African e-commerce company Jumia is selling 20 million American depositary shares over the next couple of weeks, TechCrunch has learned. The at-the-market transaction is to take advantage of strong results despite a volatile market.  Given Jumia’s share price of around $5.70 when the stock market opened on Tuesday, the e-commerce company could potentially raise approximately […]
© 2024 TechCrunch. All rights reserved. For personal use only.

Posted in Tech | Tagged | Comments Off on Jumia plans to raise more than $100 million in secondary shares to drive stalled user growth  

A US Judge Ruled That Google Is an Illegal Monopolist. Here’s What Might Come Next

Posted on August 6, 2024 by Techme101

Judge Amit Mehta’s ruling has triggered a potentially yearslong process to decide how to punish the company. For users, it could mean a future in which Google isn’t front and center everywhere.

Posted in Business | Tagged | Comments Off on A US Judge Ruled That Google Is an Illegal Monopolist. Here’s What Might Come Next

Airbnb details plans to expand beyond short-term rentals, including co-hosting and relaunching ‘experiences’

Posted on August 6, 2024 by Techme101

Airbnb CEO Brian Chesky suggested on Tuesday’s Q2 earnings call with investors that the company will soon expand into new products and services, including co-hosting, a relaunch of Airbnb’s “experiences,” guest services, and more. The company positioned the upcoming offerings as a way for Airbnb to grow its revenue by becoming known for doing more […]
© 2024 TechCrunch. All rights reserved. For personal use only.

Posted in Tech | Tagged | Comments Off on Airbnb details plans to expand beyond short-term rentals, including co-hosting and relaunching ‘experiences’

Reddit to test AI-powered search result pages

Posted on August 6, 2024 by Techme101

Reddit users will soon see AI-generated summaries at the top of search results.  Reddit CFO Drew Vollero told investors during its earnings call on Tuesday that the company plans to test AI-powered search result pages to “summarize and recommend content.” He noted this will help users “dive deeper” into content and discover new Reddit communities.  […]
© 2024 TechCrunch. All rights reserved. For personal use only.

Posted in Tech | Tagged | Comments Off on Reddit to test AI-powered search result pages

Elon Musk’s support for Trump pushes a corporate customer away from Tesla

Posted on August 6, 2024 by Techme101

Rossmann announced Tuesday it will no longer buy Teslas for its fleet, effective immediately, citing CEO Elon Musk’s pro-Trump political activism.

Posted in Tech | Tagged | Comments Off on Elon Musk’s support for Trump pushes a corporate customer away from Tesla