Spotify Continues $400 million Spree, To Acquire Bill Simmons’ The Ringer Spotify announced Wednesday it will acquire Bill Simmons’ The Ringer, a sports website and podcast network with more than 36 shows. It is the Swedish company’s first big acquisition of the year since its $400 million spree in 2019 […]
Ryan Roslansky To Take Over As LinkedIn CEO Ryan Roslansky, a senior vice president at LinkedIn, Microsoft-owned company, is taking over from Jeff Weiner on June 1 and the two are seemingly focused on continuing the company’s work to limit bias among its users. Weiner, who ranked on Forbes’ 2018 list of […]
Alphabet Is No Longer A Member Of $1 Trillion Club After joining the likes of Apple, Microsoft and Amazon in the $1 trillion club for the first time last month, Alphabet, Google’s parent company, saw its stock market value fall back below that threshold on Tuesday after the company underperformed in […]
Gokada Raised $5.3 million Before Going Into Cockroach Mode – CEO Fahim Saleh Two-year-old startup, Gokada is going into ‘cockroach’ mode as the company’s CEO Fahim Saleh announces major layoffs in the wake of ‘okada’ ban in Lagos state Nigeria. Launched in January 2018, the startup was founded by Fahim […]
Nigerian Customs Intercept $8 million At Lagos Airport The Nigeria Customs Service, Murtala Muhammed International Airport Command, has intercepted $8,065,615 at the airport. Hameed Ali, the customs comptroller-general, said at a press conference in Lagos Tuesday that the cash was intercepted in a car while it was about to be […]
Alphabet Reveals YouTube ad Revenue Surpassed $15 billion In 2019 After years of providing as little insight into the performance of its different businesses as it could, Alphabet Inc. executives finally divulged financial results from two of its most prominent segments Monday. Revenue-recognition rules that were approved in 2014 and went […]
Facebook Adds Dropbox Founder Drew Houston To Its Board Of Directors Facebook announced today in a regulatory filing that 36-year-old Dropbox founder and CEO Drew Houston will join the company’s board of directors. Forbes estimates Houston is worth $1.3 billion, which makes him the fifth billionaire to be appointed to Facebook’s board of […]
All 24 Oscars 2020 Awards Nominee To Walk Away With $215,000 Gift Bag On February 9, the Oscars will be awarded at the Dolby Theatre in Los Angeles and even the losers will go home with lavish consolation prizes. While just four actors and one director will bring home the […]
U.S. Places $5 million Bounty On ‘Evil Corp’ For Weaponizing Microsoft Excel To Spread Malware Payload Evil Corp may well be best known to millions of viewers of the Mr. Robot TV drama as the multi-national corporation that Elliot and FSociety hack. However, back in the real world, Evil Corp not only […]
Ighalo Makes History, Becomes First Nigerian To Be Signed To Manchester United’s Senior Team The former Watford striker is on his way back to the Premier League making history to become first Nigerian to be signed to Manchester United’s senior team as the Red Devils snap him up on a […]
IBM CEO Virginia Rometty To Step Down Virginia Rometty will step down as IBM’s CEO, the company announced Thursday, and Arvind Krishna, IBM’s senior vice president of cloud and cognitive software, will replace her. Rometty will stay on as executive chairman until the end of the year and then retire […]
Mark Zuckerberg’s Net Worth Drops $5 Billion After Facebook Results Shake Investors Facebook stock dropped more than 5% Thursday morning after the company posted fourth-quarter earnings that beat analyst revenue expectations but showed a steep rise in expenses on the year. The company reported revenue rose 25% to $21.1 billion, beating Refinitiv […]