Monthly Archives: October 2021

Two reasons for IPO surge during the pandemic: Investment banker

SoftBank-backed Indian hotel chain Oyo Hotels on Friday filed for a public offering, just two days after trendy eyeglass unicorn Warby Parker (WRBY) went public on the New York Stock Exchange. The flurry of activity has become commonplace during a record-breaking surge of IPOs this year that’s seen buzzy offerings from the likes of Robinhood (HOOD), Coinbase (COIN), and 23andMe (ME). In a new interview, Suzanne Shank — president and CEO of investment bank Siebert Williams Shank — said the… Source link

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‘Consumers aren’t stupid’: Google lawyer rejects EU market abuse ruling

A 3D printed Android mascot Bugdroid is seen in front of a Google logo in this illustration taken July 9, 2017. REUTERS/Dado Ruvic/Illustration Google challenging record $5 bln EU fine in court case Consumers use Google because it’s the best – Google lawyer EU lawyer says Google stacked the odds in its favour LUXEMBOURG, Oct 1 (Reuters) – Billions of people use Google because it’s the best, not because of deals the company made to stay competitive, Google’s lawyer said on Friday, wrapping up a… Source link

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Google, DeepMind face lawsuit over data deal with Britain’s NHS

Demis Hassabis, co-founder of Google’s artificial intelligence (AI) startup DeepMind. Jeon Heon-Kyun | Getty Images LONDON — Alphabet’s Google and sister firm DeepMind are facing legal action for the way in which they obtained and processed over a million patient health records without consent in the U.K.  British law firm Mishcon de Reya told CNBC Friday it had filed a claim with the High Court on behalf of Andrew Prismall and roughly 1.6 million other individuals whose medical records were… Source link

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Where’s the wildfire? Google Maps is getting better at pushing emergency data

By Rachel Metz, CNN Business Google Maps is making it easier to find the latest information about wildfires as part of a push to ensure the immensely popular app is more useful during emergencies. On Wednesday, Google said it’s adding a new wildfire layer to Google Maps, which users will be able to turn on to see the latest details about multiple fires at once. This can be essential during fire season when many fires may burn simultaneously. The new layer will show “most major… Source link

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Don’t forget about Delta: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, October 1, 2021 Brace yourselves: Winter is coming With all that’s been going on in the market lately, it’s easy to forget there’s a debilitating virus still encircling the world — and it still poses serious risks. The biggest economic takeaway from the current COVID-19 landscape is that it’s playing a very acute role in the… Source link

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Google Confirms 12th Zero-Day Attack

Google Chrome is under attack again, as the tech giant issues another significant release in … [+] September to prevent hackers exploiting the flaws more widely. (Photo by Jaap Arriens/NurPhoto via Getty Images) NurPhoto via Getty Images Google has updated Chrome to deal with fresh attacks on its browser, with three vulnerabilities patched, the tech giant wrote in a blog on Thursday. Two of the weaknesses were known to have been abused by hackers “in the… Source link

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Google says Bing users search for Google more than anything else

“Google” is the most searched term on Bing “by far,” according to a lawyer working for Google’s parent company, Alphabet. According to Bloomberg, Google made the argument while trying to get its $5 billion antitrust fine from the EU overturned, using the statistic as evidence that people use Google by choice, not force. The fine Google faces is from the European Commission, which says that Google has abused its position as the maker of Android. The regulator says that Google… Source link

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Bitcoin, ethereum rise as Venezuela launches digital currency

An advertisement for bitcoin and cryptocurrencies. Photo: Reuters Cryptocurrencies were broadly higher on Friday morning, ending a volatile week on a high note, as Venezuela’s government-backed digital currency kicks into gear and the US Federal Reserve chair said he has no intentions of banning crypto. Bitcoin (BTC-USD) was up roughly 3% to trade at $44,537 (£33,108) while Ethereum (ETH-USD) the world’s second largest crypto by market cap was up 2.3% to trade at $3,074. Venezuela had… Source link

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European markets tumble as Eurozone inflation jumps to 13-year high

‘Investors are now nervously eyeing October, and wondering perhaps if this could be the beginning of further weakness.’ Photo: Daniel Roland/AFP via Getty Images There was blood in the markets on Friday, as European stocks dragged lower after posting their first negative month since January. It came as Eurozone inflation hit its highest level in 13 years due to surging energy prices. According to Eurostat, headline inflation came in at 3.4% last month, the highest level since September 2008… Source link

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