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09
Thu, May

PayPal Holdings Inc. has agreed to acquire iZettle, the leading small business commerce platform in Europe and Latin America, for $2.2 billion to expands in-store presence around the world. The deal is the largest acquisition in PayPal's history. The companies said on Thursday, May 17, 2018, that the deal will strengthen their platform to help millions of small businesses around the world grow and thrive in an omni-channel retail environment.

Cambridge Analytica, the political consultancy at the centre of Facebook Inc’s privacy scandal, filed for Chapter 7 bankruptcy in the United States late on Thursday. According to Reuters, this past March allegations surfaced that Cambridge Analytica, hired by President Donald Trump’s 2016 U.S. election campaign, improperly used data of 87 million Facebook users beginning in 2014.

PayPal has bought iZettle, a Swedish mobile payments company that sells a card-reader aimed at small businesses, for $2.2bn (£1.6bn).

The move boosts PayPal's in-store presence at a time when competition in the online payments sector is increasing.

The takeover comes less than three weeks after iZettle said it would list shares in Stockholm.

The most popular chat app, WhatsApp, is improving its functionality and has recently introduced new features, mostly focused on administrators.

WhatsApp, is quite important for groups business discussion and so many people use it for group discussion with friends and family members.

The Facebook-owned platform announced several major group-related features this week, starting with a description field.

Uber Technologies Chief Product Officer Jeff Holden, is leaving the transportation network company, an Uber spokesman told Reuters on Thursday, the latest of more than a dozen senior executives to depart since last year.

Holden oversaw Uber Elevate, the company's flying car operation, which is now headed by Eric Allison, the spokesman said, but declined to elaborate on the reason for his departure.

New Chief Executive Officer Dara Khosrowshahi has been shaking up the company since taking over last August aiming to improve Uber's reputation after a string of scandals.

Russian accessory maker named Caviar has started selling a solar-powered version of the iPhone X going for $4,500. Caviar is branding the phone the iPhone X “Tesla” and it initially announced its plans back in November, as spotted by AppleInsider. Since Caviar makes neither iPhones nor Teslas, the iPhone X Tesla’s functions aren’t built directly into the device.

Mark Zuckerberg Tuesday declined an invitation to testify before UK officials, but he's agreed to meet with the EU Parliament as soon as next week. "The Conference of Presidents has agreed that Mark Zuckerberg should come to clarify issues related to the use of personal data in a meeting with representatives of the European Parliament," Parliament President Antonio Tajani said in a statement.

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