Technology

The Cloud

Microsoft Cloud Provider AvePoint Going Public Via Apex Technology SPAC

AvePoint is estimating revenue to grow 26% year-over-year to $148 million for fiscal 2020.

Source: Benzinga
November 23, 2020
Regulation

FTC Says Fintech Startup Beam Misled Consumers

Beam allegedly made false promises to users of its app that it would provide them with 24/7 access to their funds and substantial interest rates.
Technology

Apple Supplier TSMC Wins Phoenix’s Support for $12B Plant

The Taiwanese chipmaker's advanced semiconductor fabrication campus could generate 1,900 new jobs over the next five years.
Regulation

Facebook, Twitter CEOs Defend Their Election Actions To The Senate

Mark Zuckerberg told Sen. Mike Lee, Utah Republican, that the company occasionally made "mistakes."
Strategy

Delivering a Compelling ROI Message to Customers

The market is saturated with ROI messaging, and most of it is not very convincing, so credibility is key.
The Cloud

Adobe to Strengthen Its Cloud Segment With $1.5B Workfront Acquisition

The deal enables Adobe to upgrade its marketing software with collaboration tools for remote work management.
The Cloud

Alibaba’s Cloud Growth Outperforms Amazon’s and Microsoft’s

The Chinese tech giant’s cloud segment posted $2.19 billion in quarterly revenues, growing at 60% year-over-year.
The Cloud

IBM to Buy Software Company Instana

The company said the move is part of its hybrid cloud and AI push.
Applications

Ant Group Suspends Mammoth IPO

The initial public offering would have valued Ant at more than $310 billion.
Mobile

PayPal Posts Record Sales on E-Commerce Boom

“Our growth reinforces the essential role we play in our customers’ daily lives during this pandemic.”
M&A

Nestlé Buys Prepared Meal Delivery Service

Target Freshly delivers more than 1 million meals per week and is expected to end 2020 with sales of $430 million.
Social Media

Twitter Shares Fall on Slowing User Growth in Q3

Twitter beat estimates on the top and bottom lines but daily active user growth of only 1 million disappointed investors.
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