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Here are the top trending news from the world of technology
1)
Pentagon dumps Microsoft’s cloud contract worth $10 Bn
Pentagon has announced it is cancelling $10 Bn cloud computing contract awarded to Microsoft in 2019. Pentagon now plans to divide the contract between Microsoft and Amazon. The contract has been wrangled in controversies, especially after amazon sued Pentagon alleging that its decision to award contract to Microsoft was borne out of biased attitude.
2)
TikTok faces outage
The world’s most popular video sharing app, TikTok, reportedly faced outage issues on early Wednesday morning. TikTok users across the world reported that they are facing problems in logging and uploading videos. However, media reports claim that the outage issue was mostly restricted to the U.S.
3)
Yahoo brand is still worth $1.6 Bn
Remember Yahoo. A brand that was once as synonymous with internet as Google is today. Today Google may have dwarfed that brand by miles the brand is still worth $1.6 Bn. This is the value that Softbank has decided to gain Yahoo’s rights in Japan.
4)
China unleashes a fresh crackdown against crypto
China’s long drawn contract against crypto opened a new chapter on Tuesday after it announced a closure of the company. This company was suspected of providing software services for cryptocurrency transaction. China’s communist regime has simultaneously warned companies to desist from providing any services related to cryptocurrency transaction.
5)
Tencent bans scores of LGBT accounts in China
Report claims that China’s WeChat, owned by Tencent, has deleted scores of LGTB accounts operated by university students. This news was first reported by news agency Reuters. WeChat hasn’t issued any public statement on this matter. Nonetheless, the latest coercive action is seen as China’s latest attempt to launch crackdown against gay movement.
