Business

Video game industry continues to grow as it attracts new investors
Business

Video game industry continues to grow as it attracts new investors

 Millennials are contributing to the expanding trend of online gaming and streaming. Consequently, corporations are trying to use this trend as a method to make a profit.  An article written by Kimberly Chin and published by Markets Insider stated that esports, multiplayer video games played competitively by professional gamers for spectators, are growing in popularity…

Dropbox files for $500 million IPO in greatly anticipated offering
Business

Dropbox files for $500 million IPO in greatly anticipated offering

The file-sharing and storage company Dropbox recently filed for an initial public offering with the Securities and Exchange Commission, marking the approach of one of the most anticipated IPOs in the technology industry. It is seeking to raise $500 million from its IPO, intending to use the money for a variety of purposes, including potential…

Critics argue that technology companies should be broken up
Business

Critics argue that technology companies should be broken up

As technology becomes a more ubiquitous presence in our lives, and technology companies grow to enormous sizes, some have asked whether these giants of industry should be broken up. According to The Wall Street Journal in particular, Apple, Facebook, Inc., Alphabet Inc. and Amazon.com have become dominant in their respective areas, creating virtual monopolies and…

Business

Proposed US metal tariffs may lead to international trade war

President Donald Trump recently called for tariffs of 25 percent and 10 percent on imports of steel and aluminum, respectively. The announcement, which was made on Thursday, March 1, has been met with controversy, as investors fear the potential of a trade war. Canada, China and the EU are already reacting by threatening tariffs of…

Spotify, highly valued in private trading, files for a $1 billion IPO
Business

Spotify, highly valued in private trading, files for a $1 billion IPO

Spotify, the popular music, podcast and video streaming service, recently filed paperwork in February for an initial public offering of $1 billion. The company will be traded on the New York Stock Exchange under the ticker symbol “SPOT.” In an uncommon decision, the company’s shares will be listed directly on the exchange, without underwriters to…

US may impose tariffs on metal imports from China, other nations
Business

US may impose tariffs on metal imports from China, other nations

The United States Department of Commerce recently released its recommendation that the federal government should impose tariffs or quotas on the importation of aluminum and steel. The Commerce Department “found that the quantities and circumstances of steel and aluminum imports threaten to impair the national security,” Secretary Wilbur Ross said Friday, Feb. 16, according to…

Business

Amazon will soon organize an independent delivery service

Amazon.com, Inc. recently reported that it will be launching its own delivery service, which will compete directly with United Parcel Service Inc. and FedEx Corp. as well as indirectly with the United States Postal Service and other delivery companies. The shipping service is to be called “Shipping with Amazon,” or SWA, according to The Wall…

Business

WeWork, a New York based startup, is growing at a rapid pace

WeWork is a growing New York-based startup that provides shared workspaces and services for entrepreneurs, startups, small businesses and large enterprises. In recent years, it has expanded to over 20 countries and attracted over 200,000 members. In only eight years, WeWork has built a network of 212 co-working spaces worldwide, but that is not the…

Waymo accepts Uber settlement regarding self-driving car lawsuit
Business

Waymo accepts Uber settlement regarding self-driving car lawsuit

Uber Technologies Inc., the ridesharing startup currently valued at billions of dollars, and Waymo, Google’s driverless car company, finally reached a settlement in their ongoing trade secrets lawsuit. In the lawsuit, Waymo had alleged that former engineer, Anthony Levandowski, stole confidential files full of trade secrets before leaving to build his own startup, Otto. Waymo…

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