Ant files for IPO – amply proves why one should not become a bank
Become a technology led facilitator and not a traditional lender
Sector: IT
Facebook salaries revealed: How much the social network pays for software engineers, product managers, copywriters, and more
Mark Zuckerberg has a net worth of $107 billion, but one of the lowest salaries at Facebook. Not including security and plane costs, the company he founded only pays him $1 a year in base salary. Meanwhile, many of Facebook’s other employees — from software engineers to product managers, copywriters, and lawyers — can expect … Read more
Alibaba puts fresh investment plans in India on hold
China’s tech giant Alibaba Group is unlikely to sign fresh deals in Indian companies in the coming months amid higher scrutiny on Chinese investments amid tension between the two nations, said a person familiar with the development. Alibaba is among other Chinese investors who have pulled the brakes on new investments in Indian startups after … Read more
US stocks will continue to outperform their global peers, but don’t expect a sustained value comeback, JPMorgan says
In a note published on Sunday, JPMorgan reiterated its view that growth stocks, led by technology, will continue to outperform their value peers. The continued outperformance of growth stocks relative to value stocks has been consistent with US stocks outperforming international stocks, JPMorgan said. Growth stocks are poised to continue outperforming value stocks, as … Read more
Gaming giant Nvidia may acquire mobile chip giant ARM soon
The company had been battling competition like Qualcomm and Samsung for buying the chipmaker for over a year now, but a report from UK’s Evening Standard says it may win that race. While ARM doesn’t manufacture its own chips, the company owns the intellectual property (IP) for pretty much any mobile chipset you see today. … Read more
COVID2019 and stock investing – Part 4 – is it a blessing in disguise for the Indian economy !
At first read, the presented arguments may sound counter intuitive. However, think carefully and you might agree.
OMC Group Launches Tradable Blockchain Game Omni Pets
OMC Group Sdn Bhd “(“OMC Group”) is offering a fun way to learn about blockchain through a game of collecting unique tradable digital tokens with the launch of Omni Pets today. Omni Pets are digital tokens created using the ERC-721 open standard based on the Ethereum protocol and are non-fungible, that is, these tokens are all unique … Read more
BYJU’s acquires code training app WhiteHat Jr for $300 million
Online education platform Byju’s has acquired Mumbai-based education technology (edtech) start-up WhiteHat Jr in an all-cash deal worth $300 million. The acquisition marks Byju’s entry into the fast-growing computer code training segment targeted at high school and college students. This is BYJU’s fifth acquisition and is also its largest acquisition to date. It had last … Read more
Trump to give TikTok’s Chinese owner 45 days to agree sale
US officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. Trump said on Friday he was planning to ban TikTok in the United States after dismissing the idea of a sale to Microsoft. But following a discussion between Trump and Microsoft CEO Satya Nadella, the … Read more