Google will ban online advertisements promoting cryptocurrencies and initial coin offerings starting in June, part of a broader crackdown on the marketing of a new breed of high-risk financial products, according to Bloomberg.
Dropbox is aiming to go public at a valuation well below the $10 billion it clocked in its last private funding round, despite posting healthy revenue growth and turning cash-flow positive in the intervening four years, according to Bloomberg.
Technology is rapidly disrupting economies, legal frameworks and industries including the financial services industry. In 2017, IDC estimated that banks and financial services organizations in Europe were expected to spend approximately EUR 90 billion on IT with a growing proportion of this to be invested in new cloud technologies such as analytics and mobile.
One of VMware’s largest investors called on its board to end talks with Dell about a potential reverse merger, arguing it would be a “terrible deal” for the company and shareholders, according to Bloomberg.
Predicting demand for rides has been a key part of Uber’s strategy for disrupting taxi and transport providers. Now, Toyota is betting that it can direct drivers just as efficiently, according to Bloomberg.
Snap has been full of surprises in its first year as a public company, including a controversial redesign. The latest one may be turning profitable three years sooner than Wall Street had imagined, according to Bloomberg.
Dell reported an increase in revenue in the fourth quarter after a retooling of its sales team to target its biggest enterprise clients and a jump in corporate demand for servers, according to Bloomberg.
Facebook removed and then reinstated a video of a senior Hungarian minister in which he tried to portray white people in neighboring Austria as living in fear of Muslims in a warning to voters before his country’s elections next month, according to Bloomberg.
Telecom Italia’s board authorized CEO Amos Genish to spin off its fixed-line network to improve rivals’ access to an asset that is the focal point of Italian concern about Vivendi’s influence over the former phone monopoly, according to Bloomberg.
Broadcom said it plans to create a new $1.5 billion fund to ensure America’s lead in future wireless technology, responding to U.S. government concerns that the proposed takeover of Qualcomm could hurt its competitiveness and threaten national security, according to Bloomberg.
Coinbase was slapped with a pair of lawsuits by disgruntled consumers, one alleging insider trading by employees at the giant digital currency exchange and the other accusing the company of failing to deliver cryptocurrencies to people who didn’t have accounts, according to Bloomberg.