Here are the top trending news from the world of Technology
1
PayPal has approached Pinterest for Acquisition
Payment giant PayPal is exploring the acquisition of social media company Pinterest for nearly $45 Bn, according to media reports. If the deal goes through then it will go down as the biggest acquisition in the technology space. It will also be PayPal’s most expensive acquisition till date. Sources privy to matter are claiming that PayPal is attempting to acquire Pinterest in its bid to become a ‘super app’ (Click here).
2
Trump all set to launch a new Social Media Network
Former U.S President Donald Trump has announced that he is all set to launch a new social media company called TruthSocial. Trump claims that his new social media company will stand up to the “BigTech,” which signifies the likes of Facebook, Twitter, Apple and Amazon. All these big platform have banned Donald Trump following the unprecedented violence in Capitol Hill earlier this year (Click here)
3
Bitcoin reaches all-time high price – $66,000
On Wednesday, Bitcoin’s price in the American market reached to the all time high price of $66,000. However, Bitcoin could not sustain the momentum for a long time and its price dropped after few hours of trading
4)
Elon Musk does not show up during Tesla’s Quarterly Call
You can seriously trust Elon Musk for setting a new trend. This time Musk has set up a trend that only few people had expected as the talismanic entrepreneur failed to show up during Tesla’s quarterly earning calls. This makes Musk one of the rare top executives to miss the quarterly earning calls. Attending a quarterly earning calls is almost a ritual followed almost by all top executives (Click here).
5
Uk’s Watchdog Fines Facebook for 50 Million Euros
Great Britain’s competition watchdog has penalized Facebook for nearly 50 Mn Euros for ‘intentionally’ failing to share information linked to its takeover of Giphy. Facebook has termed the orders as ‘unfair.’ The social media had acquired animated graphics startup Giphy last year for nearly $400 Mn.