Here are the top trending news from the world of technology
1)
Microsoft acquires Activision for $68.7 Bn, its largest acquisition till date
Microsoft announced on Tuesday that it is all set to acquires video game giant Activision for whopping $68.7 Bn. This massive deal is an all cash deal and marks Microsoft’s largest acquisition deal till date; surpassing its 2016’s acquisition of LinkedIn for $26.2 Bn. This acquisition deal has happened at a time when Activision has been mired in controversies following the reports of sexual misconduct among its executives (Read more)
2)
U.K plans to crackdown on misleading crypto ads
U.K has announced that it plans to bring an amendment to the existing financial law in order to regulate the crypto ads. U.K’s Finance Minister Rishi Sunak said that while crypto assets offer lucrative investment opportunity but it is critical that consumers don’t fall pry to crypto product with misleading claims. Notably, Spain on Monday also announced crackdown on crypto ads (Read more)
3)
Shopify teams up with China’s JD.com
Canada based e-commerce platform Shopify has tied up with China’s ecommerce giant JD.com. This partnership will help global brands to foray into China’s highly lucrative market while China’s merchants will be able to sell their products overseas. This partnership will help JD to compete efficiently with its arch rival Alibaba, which makes sizeable profit from import goods (Read more)
4)
Snapchat’s new parental controls will limit friend suggestions to teenagers
Snapchat has announced that it is all set to launch new parental controls targeting at teenagers. The company believes that this will hopefully help teenagers in making good friends and improve their friend circle. According to Engadget, Snapchat will show 13-17 year old users as ‘friend suggestions’ to other users until they have certain number of common friends. This new parental control may be initially available only in limited markets including in the U.S. (Read more)
5)
Youtube is getting out of the ‘business of originals’
After more than six years of continuous experimentation, Youtube has said that it will shutdown its original production teams. This development has come closely on the heels of the news report that Susanne Daniels, Youtube’s global head of original content, will be leaving the company in March. Following this announcement, Youtube will put a full-stop on its mighty ambition to compete with Netflix (Read more)