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Tesla hits Trillion Dollar Valuation – Top Tech News


Tesla becomes a Trillion dollar company

Elon Musk standing besides Tesla car…Image source: Flickr

Tesla Inc on Monday surpassed $1 trillion valuation. Tesla’s shares surge as much as 14.9% to reach the level of $1045 during intraday trading on Monday. Even Elon Musk expressed his utter surprise over dramatic jump in Tesla’s stock prices on Monday. Tesla has become a trillion dollar company barely days after the company secured its biggest ever deal from rental car company Hertz (Click here).


UberEats rolls out 15 minute delivery service in Paris

Uber has decided to surmount a challenge to France’s grocery delivery startups by rolling out 15 minute delivery service in Paris. To launch this service, Uber’s food delivery company UberEats has tied up with French supermarket chain CareFour. Their joint service will be called CareFour Sprint (Click here)  


Facebook to spend $10 Bn on its Metaverse Division     

Facebook CEO picture
Image Credits: Flickr Alessio Jacona

Facebook is all set to take a huge gamble on its upcoming AR and VR product Metaverse Division. The social media giant made this amply clear while announcing its third quarter earnings. Mark Zuckerberg made its amply clear on several occasions that AR and VR business will hold key in fueling Facebook’s next phase of growth. Traditionally, the Zuckerberg have always relied on advertising for its revenue (Click here).


Amazon has a signed a deal with spy agencies   


People walking through Amazon’s AWS logo.

Great Britain’s three premium spy agencies have signed a contract with Amazon’s could computing unit – AWS – for hosting classified documents. The financial details of the deal have not been disclosed. But the deal is likely to trigger huge security concerns in the U.K considering that Great Britain’s secretive documents will be hosted by a single U.S. tech company (Click here)


Mastercard gets into the Crypto space

Man holding fictional bitcoin currency in his hand
Image Credits: Pixabay

Mastercard is the latest financial giant to warm up to cryptocurrency. Mastercard has announced that it has tied with cryptocurrency firm Bakkt. This tie-up will allow Mastercard’s merchants and banks to make cryptocurrency payment on its payment network (Click here).

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