Company News

Interim Reddit CEO Ellen Pao resigns as co-founder Steve Huffman takes over

Interim Reddit CEO Ellen Pao resigns as co-founder Steve Huffman takes over

Washington DC, July 11 - Reddit's interim CEO Ellen Pao, who took over the site last year, has officially stepped down as co-founder Steve Huffman has taken over the role.

Reddit board member Sam Altman in a statement that, "Pao resigned from Reddit today by mutual agreement. I'm delighted to announce that Steve Huffman, founder and the original Reddit CEO, is returning as CEO," the Verge reported.

Huffman had co-founded the company with Alexis Ohanian, who left the company for a time before returning as executive chair.

Pao had become the target of criticism last week following the abrupt firing of an employee, which led to widespread blackouts across the platform, and a petition for her resignation has gained popularity since then.

Adidas wants to lighten ocean's burden by turning its plastic waste into clothing

Adidas wants to lighten ocean's burden by turning its plastic waste into clothin

Massachusetts, May 04 : Adidas has come up with an intriguing plan to reuse some of the eight million tons of plastic that end up accumulating in the ocean each year. It will now recycle that plastic to develop fibers for use in clothing and footwear.

The company announced a partnership with Parley for the Oceans, an ocean preservation group, and pledged to rid the ocean of plastic waste, starting in 2016, reported.

The firm also pledged to phase out its use of plastic bags at its retail stores.

The announcement has highlighted a growing focus on sustainability not only at Adidas but throughout the apparel industry, with many other companies taking similar steps.

Xiaomi unveils new Smart TV- Mi TV 2

 Xiaomi unveils new Smart TV- Mi TV 2

Washington, Mar 25 : Chinese electronics company Xiaomi unveiled a smaller and cheaper version of its Mi TV 2.

According to San Francisco- based techcrunch. com website, the new Mi TV 2 is smaller at 40 inches wide and 14.5mm thick thin. Last year's model is 49 inches and 15.5mm thin. A quad-core MStar 6A908 Cortex-A9 CPU and Mali0450 MP4 GPU are integrated this time, alongside 1.5 GB of RAM and 8GB memory.

The new model has a 1080p display, as opposed to last year's 4K screen. The new Mi TV 2 comes in at a cheaper USD 322. Those preferring the 49-inch Mi TV 2 can pay USD 670.

Taxi companies file lawsuit against Uber for 'misleading advertising' in California

Taxi companies file lawsuit against Uber for 'misleading advertising' in Califor

Washington, March 20 - Taxi companies in California have filed a lawsuit against Uber Technologies in a federal court, charging the taxi-hailing service with misleading advertising regarding the safety of its rides.

Nineteen taxi firms claimed in the lawsuit that Uber had made false and misleading advertisements regarding the safety of rides on its UberX platform and had criticized the safety of taxi rides offered by the taxi companies, reported PC World.

The lawsuit was filed on Wednesday in the U. S. District Court for the Northern District of California, San Francisco division.

The suit marks the latest blow to the company which has been facing problems in some other countries too.

Microsoft 'not killing' Internet Explorer just yet

Microsoft 'not killing' Internet Explorer just yet

Washington, March 18 - Microsoft's Internet Explorer has although slipped lower and lower on the popularity meter in the past few years, however, several Windows users, including celebrities like Zooey Deschanel, came to its rescue after Microsoft hinted that it might squash the ageing browser.

The confusion started when Microsoft's Chris Capossela said at the Microsoft Convergence event on Monday that the company was working on a new browser name and brand that will feature in Windows 10, reported Mashable.

Capossela added that the project was codenamed "Project Spartan."

This statement was read as a hint that the IE browser in the upcoming Windows OS will be replaced by another browser. However, Microsoft late clarified that the IE browser will be very much alive.

Meltwater Launches Next Generation Media Intelligence Solution

Meltwater Launches Next Generation Media Intelligence Solution

San Francisco (U. S.), Mar. 16 - Meltwater, a global leader in media intelligence solutions, today announced the launch of a new product built for corporate communications and other business decision makers to keep on top of billions of real-time editorial, blog and social media conversations.

The Meltwater solution extracts the insights required to manage your brand, understand competition, and keep on top of industry trends. This product is the latest in a series of technology innovations built on the promise of delivering insights from data on the outside in order to help organizations make better, more informed decisions.

Uber now testing electric cars in Chicago

Uber now testing electric cars in Chicago

Washington, March 16 - Uber is reportedly using a fleet of electric cars as part of a new test program in Chicago, a report said.

The taxi-hailing service recently partnered with Chinese carmaker BYD to let Uber drivers rent or lease the company's electric e6 wagon , reported The Verge.

The vehicle, which can get up to 186 miles per charge, is already used in some taxi fleets around the world.

As of now, Uber has been running a pilot program with the electric cars for a few weeks in Chicago and 25 drivers are already driving the vehicle on the road.

The program, aimed at low-cost Uber X drivers, offers traditional leases as well as a 200 dollar-per-week rental that lets drivers use the vehicle during their Uber shifts.

News Corp acquires Indian tech media startup VCCircle

News Corporation

Washington, March 09 - News Corporation has announced its acquisition of Indian tech media startup VCCircle, as the company continues its focus in India.

According to Tech Crunch, the undisclosed deal is the company's third piece of business in India.

VCCircle has over 100 staff members who will be a part of the News Corp India organization that already includes Dow Jones and Wall Street Journal.

News Corp Chief Executive Robert Thomson said that India was a significant part of their portfolio and the investment is a sign of their faith in the future of the country. (ANI)

Federal judge approves 415 mln dollar settlement by Apple, Google over employee poaching scandal


Washington, March 06 - A federal judge has tentatively approved the 415 million dollar settlement case put forward by Apple, Google and other Silicon Valley companies over employee poaching scandal .

According to the Verge, Judge Lucy Koh rejected the first proposed 324 million dollar settlement in August last year, saying that it wasn't high enough to make up for the lost wages employees may have suffered after the companies involved in the case allegedly set up no-poaching agreements that allowed them to set and limit wages.

Koh signed off on the latest deal after the companies including Pixar, Lucasfilm, and Intuit, agreed to raise the amount they paid in compensation.

Uber acquires mapping company deCarta

Uber acquires mapping company deCarta

Washington, March 04 - Taxi-hailing service Uber has reportedly acquired deCarta, a platform for location services including, mapping.

According to The Verge, the company will become a subsidiary of Uber and will continue to offer products including local search and turn-by-turn navigation. Of the firm's 40 employees, 30 will remain at Uber including, its CEO.

"A lot of the functionality that makes the Uber app so reliable, affordable and seamless is based on mapping technologies," Uber said.

The company has been investing more in mapping as it develops UberPOOL, a multi-person ride hailing offering, which would involve more complex routing.

Although terms of the deal have not been revealed yet but a report said that DeCarta raised 56.1 million dollars. (ANI)

Google confirms plans to launch mobile service soon


Washington, March 03 - Google has confirmed plans that the company is launching its own Mobile Virtual Network Operator (MVNO) with existing partners, said a senior Vice President at Google Sundar Pichai.

According to the Verge, Pichai said in a statement at Mobile World Congress that the company is working towards creating its own MVNO but did not disclose the names of the partners.

If rumours are to be believed, the existing partners of Google on the project are Sprint and T-Mobile networks.

Pichai said that Google does not intend to be a "carrier at scale".

Google is aiming at breaking down the barriers of how connectivity works, said Pichai. (ANI)

Apple set to unveil 'much-awaited' watch on March 9

Apple set to unveil 'much-awaited' watch on March 9

Washington, Feb 27 - Apple has reportedly announced its decision to unveil the much-awaited watch at an event on March 9.

The event, titled "Spring forward," will take place in San Francisco. Details about the watch's final pricing and availability are expected to be revealed at the event, reported The Verge.

Reports had earlier said that the Apple Watch's aluminum Sport model will be priced at 350 dollars but the company had remained tightlipped about the pricing of the regular version and the ultra-luxurious Apple Watch Edition.

The watch is Apple's first landmark product introduction since Steve Jobs introduced the original iPad in 2010. (ANI)

Apple asked to pay 532.9 million dollars to Smartflash for infringing its patents


Washington, Feb 26 - A federal jury in Texas has reportedly asked Apple to pay damages worth 532.9 million dollars to Smartflash for infringing three patents owned by it.

The jury concluded that Apple used Smartflash's patents in its iTunes software without permission, rejecting Apple's claims that the patents were invalid. The patents pertained to digital rights management (DRM), data storage, and payment systems, reported The Verge.

The Texas-based patent licensing company had sought damages totaling 852 million dollars but Apple's lawyers termed them "excessive." The Cupertino-based company said the patents were only worth 4.5 million dollars.

Photos of Samsung Galaxy S6 leaked ahead of official debut

Photos of Samsung Galaxy S6 leaked ahead of official debut

Washington, Feb 26 - Photos of the Samsung Galaxy S6 seem to have been leak ed ahead of the official debut of the smartphone that is scheduled for March 1.

According to the Verge, the photos were posted on xda-developers forum and were exposed by Mobile Bulgaria.

The pictures show that the phone does not have a display that bleeds over the edge as Samsung showed in its ads.

Samsung may be releasing two different variations of its flagship device at Mobile World Congress on March 1. (ANI)

Gemalto says NSA-GCHQ cyber attack did not involve 'massive SIM key theft'


Washington, Feb 26 - Gemalto, the world's biggest maker of SIM cards for mobile phones, has reportedly revealed that it has "reasonable grounds" to believe that the National Security Agency and Britain's Government Communications Headquarters ( GCHQ) breached its network in 2010 and 2011 but added that it does not believe that the consequences of the attack were as far-reaching as had been reported earlier.

The Netherlands-based company said that the cyber attack could not have resulted in a "massive theft" of SIM encryption keys and added that in the case of an eventual key theft, the intelligence agencies would only be able to spy on second generation 2G mobile networks as 3G and 4G networks are not vulnerable to this type of attack, reported TechCrunch.

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