Internet

Traders’ body Confederation of All India Traders (CAIT) has demanded the Central Government and the Narcotics Control Bureau (NCB) take strict action against Amazon for the alleged sale of marijuana via its e-commerce site. Last week, the Madhya Pradesh Police claimed that it had busted a drug peddling gang that was moving more than 1,000
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Chinese shoppers spent $139.1 billion during this year’s annual Singles’ Day shopping extravaganza, breaking last year’s record even though spending slowed during the coronavirus pandemic. Alibaba tallied CNY 540.3 billion ($84.5 billion) in spending over the festival that spanned November 1 to November 11, the company said Thursday, a growth of 14 percent compared to a nearly 93
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Tesla’s stock declined slightly on Thursday after filings revealed Chief Executive Elon Musk sold about $5 billion (roughly Rs. 37,223 croree) worth of his shares this week following his much-hyped Twitter poll. The electric-car maker’s stock ended the session down 0.4 percent at $1,063.51 (roughly Rs. 79,100) after tumbling earlier in the week. Musk’s share
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The UK Supreme Court has blocked a planned GBP 3.2 billion (roughly Rs. 31,929 crore) British class action against Google over allegations the internet giant unlawfully tracked the personal information of millions of iPhone users. Britain’s top judges unanimously granted a Google appeal against the country’s first such data privacy case on Wednesday, a move
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Alphabet unit Google suffered a setback on Wednesday after Europe’s second-highest court dismissed its challenge to an EU antitrust ruling and EUR 2.42 billion (roughly Rs. 20,820 crore) fine in a major win for EU competition chief Margrethe Vestager. Vestager sanctioned the world’s most popular internet search engine in 2017 for favouring its own price-comparison
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New Zealand film director Peter Jackson on Wednesday announced the sale of his Oscar-winning Weta Digital special effects business to a US software firm intent on using it to develop the virtual-reality “metaverse”. San Francisco-based Unity Software said the $1.6 billion (roughly Rs. 11,896 crore) acquisition would “shape the future of the metaverse”, an immersive
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Amazon.com is seeking approval from US communications regulators to deploy more than 4,500 additional satellites as part of the company’s effort to deliver broadband Internet to areas around the world that lack high-speed service. Amazon had said previously it planned to spend at least $10 billion (roughly Rs. 74,200 crores) to build 3,236 such satellites
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SolarWinds investors have sued the software company’s directors, alleging they knew about and failed to monitor cybersecurity risks to the company ahead of a breach that created a vulnerability in thousands of its customers’ systems. The lawsuit filed in Delaware on Thursday appears to be the first based on records shareholders demanded from the company
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US knowledge-sharing website Quora has kicked off preparations for an initial public offering (IPO) in early 2022, according to people familiar with the matter. Quora has in recent days held talks to hire investment bankers and lawyers for a stock market debut in New York, the sources said. The Mountain View, California-based company was valued
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