Tencent Music raises $1.1 Bn, after Downsizing the US IPO

China’s music streaming company Tencent Music Entertainment (TME) has raised approximately $1.1 billion through an U.S. IPO, after slashing the price of shares to lower end of the estimated price range of $13 to $15 per share. The company was forced to downsize its IPO size in wake of the prevailing subdued mood in the…

ByGirish ShettiDecember 12, 20180Comments

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Google CEO Dodges Bullets at US Congress: Denies Political Bias

Google CEO Sundar Pichai told the US congress on Tuesday that the search engine giant never gets carried away by “political bias” and “provides platforms for diverse perspectives and opinions.” Pichai’s explanation came during the congressional hearing over Google’s privacy issues and its alleged bias against the conservatives. Pichai, an alumnus from IIT Kahargpur, faced immense…

ByGirish ShettiDecember 12, 20180Comments

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As Delivery Boy takes the bite, Zomato Promises Precautionary measures

Social media and controversies share a very deep bond. Something that food delivery startup Zomato seem to have experienced during the last few hours as it tries to cope up with controversy that is currently enraging across the social media. The controversy erupted after a video started circulating across social media channels that show Zomato…

ByGirish ShettiDecember 11, 20180Comments

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GoPro Ushers in the Exodus of US Companies From China, The US-China Trade War Escalates

The trade war between the United States and China will affect businesses worth more than $250 billion. The components that are manufactured in China by the U.S. companies for selling in the home country are in limbo due to Trump administrations import tariff plans. Apple preemptively did its best by bumping up its products prices with…

ByTechPluto StaffDecember 11, 20180Comments

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Uber finally Inches Closer to the IPO Milestone: Sources

Uber Technologies Inc has filed paperwork for its highly anticipated initial public offering, as per three people aware of the matter. If this report is indeed true then this will go down as an important milestone for one of the most followed and reputed global startups. The ride-hailing giant filed the confidential paperwork on Thursday, according…

ByGirish ShettiDecember 10, 20180Comments

Lyft Beats Uber in the IPO race. Image Source: Flickr

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Lyft Beats Big Brother Uber in the IPO Race

Lyft pulled off a major surprise on Thursday as it filed for an IPO draft with the U.S. Securities and Exchange Commission (SEC), according to a press release issued by the company. Lyft didn’t disclose the exact timing of its IPO, but news agency Reuters claim that the IPO may hit the market during first…

ByGirish ShettiDecember 7, 20180Comments

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Huawei’s CFO Who Is Also the Founder’s Daughter Arrested in Canada, For Violating US’s Iran Sanctions

China's Huawei Technologies chief financial officer has been arrested in Canada. And is facing extradition to the U.S. The reason behind the arrest is the alleged involvement of the CFO working with Iran, violating the U.S. trade sanctions. CFO, Wanzhou Meng is also the deputy chair on Huawei's board. Interestingly, the arrested CFO is also the…

ByTechPluto StaffDecember 6, 20180Comments

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SpaceX Launches 20th Rocket but fails to make the Landing Spot

SpaceX launched 20th rocket of the year on Wednesday barely two days after its record-breaking act of lifting off 64 satellites into the orbit. That record-breaking act was smooth like hell as everything went as planned. However, today’s launch didn’t quite prove to be a smooth affair for the Elon Musk’s space company. On Wednesday afternoon,…

ByGirish ShettiDecember 6, 20180Comments

Yellow Taxi in NYC and a US flag in the background

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NYC Becomes the First US City to Set Minimum Wage for Uber and Lyft Drivers

New York becomes the first state in the U.S to establish a minimum wage for its ride-hailing drivers. NYC's Taxi and Limousine Commision has voted in favor of a minimum wage for the drivers of Uber, Lyft, Juno and Via. This is the first time that a U.S. city has fixed a minimum wage rate…

ByTechPluto StaffDecember 5, 20180Comments

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Quora Becomes the Latest Victim in Data Breach Attack

Data breach cases seems to be having a field day in recent weeks. After Amazon got into docks on data breach front, it is now Quora’s turn to face the blushes. The popular knowledge sharing platform, which resolves people’s query through Q&A format, has said that data of nearly 100 million users may have been…

ByGirish ShettiDecember 4, 20180Comments

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