HomeInternational Business and Technology News for Week Ending 4-Nov-2018TechInternational Business and Technology News for Week Ending 4-Nov-2018

International Business and Technology News for Week Ending 4-Nov-2018

A senior Democratic U.S. senator on Thursday, 1-Nov-2018, unveiled draft legislation that would allow hefty fines and as much as 20-year prison terms for #dataprivacy and #cybersecurity standards. https://www.reuters.com/article/us-usa-internet-privacy/prison-time-hefty-fines-for-data-privacy-violations-draft-u-s-senate-bill-idUSKCN1N65U2

According to data from app intelligence firm Sensor Tower, Tiktok installs were higher than those of Facebook, Instagram, Snapchat and YouTube in the U.S. in September 2018. https://techcrunch.com/2018/11/02/tiktok-surpassed-facebook-instagram-snapchat-youtube-in-downloads-last-month/

Coinbase COO and company president Asiff Hurji has mentioned in his blog post that the company has raised $300 M in Series E funding. The bitcoin exchange and wallet provider wants to use this funding to solve the #cryptocurrency problems faced in recent times. https://www.forbes.com/sites/billybambrough/2018/10/30/coinbase-wants-to-use-its-huge-new-funding-to-fix-bitcoins-problems/#325b158820bd

CEO of Evernote, Chris O’Neill, a former Google Glass executive to be replaced by Ian Small, former head of TokBox. https://techcrunch.com/2018/10/29/ian-small-former-head-of-tokbox-takes-over-as-evernote-ceo-from-chris-oneill/

One of the largest acquisitions ever; IBM to buy Red Hat for $34 B. Though it surpasses Microsoft’s $26.2 B acquisition of LinkedIn, the top tech acquisition is still Dell’s $64 B buyout of EMC. https://techcrunch.com/2018/10/28/biggest-software-acquisition/

Hooked unveiled its first featurelength thriller of 32000 words. https://techcrunch.com/2018/10/26/hooked-dark-matter/


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