Two coincidental events took place as Weibo executives rejoiced the warm welcome it received from the international financial markets after its IPO on the NASDAQ and the release of venture capitalist and Weibo user Charles Xue.
Legal & Regulatory
RadiumOne terminates CEO after domestic violence charges
Caving in to public pressure, San Francisco, US-based marketing automation firm RadiumOne terminated its chief executive officer (CEO) Gurbaksh Chahal after he pled guilty to domestic violence and battery charges recently filed against him.
Bitcoin price drops after China imposes new restrictions
BTC China has halted deposits of local currency from the China Merchants Bank, causing the value of Bitcoin to fall from $500 to below $440, a 10% difference from its value in the past few days.
Chinese government punishes Sina.com for publishing pornographic content
The Chinese government arrested some people and fined Internet giant Sina.com for publishing and distributing pornographic content on its website as part of China's "Cleaning the Web" campaign which is held every year.
Pre-IPO fraud lawsuit dismissed, Twitter gets final laugh
A lawsuit was filed against Twitter by two firms claiming that the microblogging platform has committed a pre-IPO fraud to justify the company's $10 billion valuation was dismissed by a US District Judge in New York.
Latest News
FREEHOLD, NJ--(Marketwired - Apr 14, 2014) - New Jersey Community Bank (OTCQB: NJCB) (the "Bank") reported revised and updated results for the quarter and year ended December 31, 2013. The Bank had originally reported on January 27, 2014, net loss of $212 thousand, or $(0.11) per common share and earnings of $114 thousand, or $0.06 per common share, for the three months and year ended December 31, 2013, respectively. As revised, the Bank is now reporting net loss of $1.6 million, or $(0.82) per common share and $1.2 million, or $(0.65) per common share for the three months and year ended December 31, 2013.
Hacker Andrew Auernheimer a.k.a Weev has been freed from prison and talked about establishing a new hedge fund called TRO LLC, reported TechCrunch.
Just days after he was forced to lift the ban he enforced on Twitter, Turkey Prime Minister accused the social media network of tax evasion, and implied that YouTube and Facebook might be violating the country's laws as well.
LightSquared Inc. confirmed that it would borrow from its lenders USD74 million as additional funding, reported Bloomberg.
Menlo Park, US-based printer giant Hewlett-Packard (HP) settled with the US Department of Justice (DOJ) and the Security and Exchange Commission for $108 million over the bribery and money laundering charges filed against it.
Digital startups had been suffering the crippling effects of the social media outlets ban in Turkey, reported Venture Beat.
US-based video-sharing giant YouTube representative Gonenc Gurkaynak filed a legal complaint to the Turkish Consitutional Court against the ban that prime minister Recep Tayyip Erdogan issued against the service.
Dmirty Firtash, a Ukranian businessman was indicted of US bribery charges along with five other men over allegedly paying bribes to Indian government authorities to facilitate a mining project.
The US high court will be hearing an oral argument on the eligibility of software patent protection on Monday and will decide on the matter by the end of June, Reuters reported.
