Spotify Sees Revenues Rise Although Losses Continue To Widen

Spotify

Analysts have been critical of Spotify’s business model outlining it as an “unprofitable business”. Spotify, the world’s largest music streaming service, saw an increase in revenues reaching up to almost €2 billion in 2015. However, the company’s losses widened as it invested heavily...

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Satoshi Tsunakawa

Toshiba Slashes Capital Base To Rebound From Revenue Loss

Satoshi Tsunakawa pictured left has been recommended as Toshiba’s new CEO. Toshiba Corp in Japan announced that it would slash its capital base by...

Samsung Pay App

Samsung To Partner With Alipay To Gain Chinese Market Share

The move will allow users to access Alipay accounts through the bundled Samsung Pay app. Samsung Electronics Co. has struck a deal with Ant Financial’s,...

Tesla Model 3

Tesla Files For $2 Billion Secondary Stock Offering

Tesla is attempting to produce 500,000 vehicles per year. Tesla Motors Inc. plans to raise $2 billion in order to support the production of its recently...

Grab Thailand

Ride Hailing Companies Uber & Grab Suspend Thai Motorbike Services

Grab and Uber Technologies stopped their services following issues with Thailand’s Transport ministry. Thailand has ordered two transportation service...

Jack Ma, Founder Alibaba

Alibaba Suspended From International Anti-Counterfeiting Coalition

Jack Ma, the Founder and Executive Chairman of Alibaba. Following the International Anti-Counterfeiting Coalition’s (IACC) decision to suspend Alibaba’s...

Didi Chuxing

Apple Invests $1 Billion In Chinese Uber Rival

Apple’s Tim Cook is also travelling to China this month to look at how the company can boost sales. Apple Inc announced on Thursday it had invested...

Nokia

Nokia Stock Falls 7% After Vague Long-Term Profit Outlook

Nokia did not disclose how it planned to strengthen falling profits causing its shares to fall. Nokia’s sales of network traffic equipment dropped by...

Tesla Model 3

Tesla Executives To Leave After Posting Dismal First-Quarter Results

Tesla unveiled its new Model 3 vehicle on March 31st 2016. Tesla Motors Inc. is losing its top key manufacturing executives in the wake of the company’s...

Opower

Opower Bought Out By Oracle For $532 Million

Friday’s close valued Opower’s shares at 30 percent premium as the deal is set to close later this year. Opower has agreed to a deal with Oracle in...

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