Three years ago, Facebook was negotiating purchase of the Musical.ly video service, but declined the deal, Bloomberg writes. As a result, the new owner of the application turned it into TikTok social network, which has gained popularity among teenagers from around the world. Back in 2016, Facebook spent several months negotiating purchase Musical.ly application, which was later bought by the...

Telegram Group Inc. demanded that the court consider the lawsuit filed against the company by the US Securities and Exchange Commission over the launch of the Telegram Open Network (TON) blockchain platform and the Gram cryptocurrency. This is stated in court materials published on Tuesday. The statement reads that the defendant “asks the court to reject the plaintiff’s claim against Telegram...

Tesla, an American electric car manufacturer, will build its first European plant and design center in Berlin, said the company's head Elon Musk. The plant (Gigafactory) will be located next to the new airport in Berlin. Musk said that the company will start producing batteries, engines and electric cars in Germany, starting with the Model Y model, Prime said. Tesla expects production to begin at...

Chesapeake Energy quotes for one day lost almost a third against the background of publication of another weak reporting. One of the leading US oil and gas shale deposits developers is teetering on the brink of bankruptcy. In early November 2019, Chesapeake shares fell to new absolute lows around $ 1 per share. The publication on November 5 of the reporting for the III quarter of 2019 was the...

Despite the quarterly profit unexpectedly higher than forecasts, the IT giant from the US has not been very optimistic lately. The bad news came from over the Pacific: the 5G network was launched in China on November 1. The news of the launch of the Chinese 5G network is truly landmark for both Apple and the entire wireless communications sector. On Wednesday, October 30, the Wall Street Journal...

The net worth of SoftBank’s head Masayoshi Son has decreased by more than $ 5 billion since mid-summer. This is another sign that the Japanese billionaire’s business has not been doing very well in recent months: the collapse of WeWork and other unsuccessful bets have undermined the investor confidence. At the end of July, SoftBank proudly announced that it was creating a new investment fund and...

Manufacturer of copiers, scanners, printers Xerox may acquire its competitor HP. According to The Wall Street Journal, citing its own sources, the company's board of directors discussed the possibility of such a deal on Tuesday, November 5, but has not yet made a final decision. The market value of HP is about $ 27 billion, which is almost three times the value of its competitor. According to...

Saudi Arabia has officially announced plans to conduct an IPO of its state-owned oil and gas company Saudi Aramco. According to the report, the shares of the world's largest integrated company will be offered on the Saudi Arabian stock exchange, Tadawul. The offering price and the final number of shares to be offered will be determined at the end of the application collection period. The offer...

EHang startup has become the first Chinese company to receive permission from the country's authorities to organize unmanned air passenger traffic. How highly will American investors rate this achievement? Chinese company EHang, which plans to launch the first unmanned aerial taxi service, on Thursday October 31 notified the U.S. Securities and Exchange Commission (SEC) of its intention to place...