Latest Platform News

Read the latest platform economy news and important industry commentary from the editorial team at Platform Executive and our global content partners, including Thomson Reuters.

Coronavirus app

A guide to Europe’s coronavirus contact tracing apps

More than 20 countries across Europe have launched or plan to launch apps that seek to break the chain of coronavirus infection by tracking encounters between people and issuing a ...

Cloud IaaS

Rackspace IPO prices at low end of target range

Cloud solutions firm Rackspace Technology sold shares in its IPO on Tuesday at $21 per share, the lowest end of its target range, to raise $703.5 million, the company said.

Grab

Grab expands finance business with consumer loans services and wealth management

Asian ride-hailing business Grab has deepened its financial services push by announcing that it will offer consumer loans services in Singapore and roll-out wealth management produ...

Fitbit

Google’s Fitbit deal hits a European Union roadblock

Google’s bid to take on Apple and Samsung in the wearable technology market by buying Fitbit has hit a hurdle as European Union regulators launched an investigation into the ...

ShareChat

ShareChat in talks to raise up to $200 million capital

Indian content-sharing platform ShareChat is in early-stage talks with Sequoia Capital and some other investors to raise up to $200 million, which could value the platform business...

Deliveroo

UK regulator clears Amazon’s investment in online food delivery platform Deliveroo

The UK’s competition regulator has now cleared Amazon.com’s purchase of a 16% stake in the online delivery group Deliveroo, following a provisional nod in June.

ByteDance CEO

ByteDance founder defends TikTok’s US strategy

ByteDance founder Zhang Yiming has told employees that there were misunderstandings on Chinese social websites concerning TikTok’s situation in the US and that the business c...

Microsoft

Microsoft’s attempt to acquire TikTok endears old company to new generation

Microsoft has emerged as a saviour to young users of TikTok, who praised the technology sector giant for attempting to buy parts of social networking company’s operations, in...

Google

Google Cloud prepares for Black Friday ‘peak on top of peak’

Google Cloud unit is well poised for a surge in fourth-quarter earnings from US merchants, since they brace for listing internet shopping through the holidays because of the ongoin...

Amazon

Amazon preps for its launch in Sweden

Amazon.com Inc has started preparations to launch its e-commerce business in Sweden, marking its first measure to set up a local presence in a Nordic country.

TikTok

Microsoft nears big bet on TikTok after risky LinkedIn deal shows promise

Microsoft Corp’s possible purchase of short-video app TikTok carries a myriad of dangers, thrusting it to the fraught social networking business and geopolitical conflict ami...

Apple

Chinese AI company files $1.4 billion lawsuit against Apple

Chinese artificial intelligence firm Shanghai Zhizhen Intelligent Network Technology, also known as Xiao-i, has filed a lawsuit against Apple, alleging it has infringed on its pate...

Toshiba Corp

Support for Toshiba CEO tumbles in shareholder vote

Toshiba CEO Nobuaki Kurumatani might have held on his occupation but a breakdown of results in last week’s shareholder meeting revealed a slide to only 58 percent from 99 per...

Google

Google to buy a stake in ADT in home security push for $450 million

Google is picking up a 6.6% stake in ADT Inc for $450 million, gambling on the house security company’s strong customer base and an army of technicians to induce sales of its...