The newly-approved crowdfunding norms will enable start-ups to mobilize funds from mom-and-pop investors over the internet. The US Securities and Exchange Commission (SEC) has okayed the new rules on crowdfunding with a majority voting of three to one. The Business Startups (JOBS) act has been enacted with bipartisan support to facilitate new startups with more flexibility in the mobilization of funds. SEC also changed the audit provisions of the crowdfunding rules.
North America
Airbnb Spends $8 million campaign to stop San Francisco measure to limit short-term rentals
Airbnb shelled out more than $8 million to stop an initiative in San Francisco that would limit short-term rentals. Reuters reported that the ballot, called proposition F, could threaten the growth of this giant international tech company.
Amazon Launches Black Friday Deals Store to Start Countdown to Biggest Shopping Event of the Year
Amazon launched its Black Friday Deals store in the first day of November as start of a countdown to one of the biggest shopping days of the year.
Google’s new app allows people to know if you’re “down” to hangout
Google has launched a new app on Apple's App Store and Google Play Store called "Who's Down". The app allows users to instantly find out which of their friends are available to hang out.
Apple’s new patent will make an iPhone screen shatterproof
Apple Inc. has filed a patent for a new kind of screen protector described as "active screen protection for electronic device". The new protection technology protects mobile devices by extending retractable tabs.
Latest News
In a bid to ease the mounting tension emerging from workers, United Continental Holdings Inc has suspended the outsourcing of jobs at the airport. The workers of United Continental expressed their concerns about measures of the company for job cuts. United already slashed 1,100 jobs early this year citing reasons for cost control. Since then, it's been involved in hiring outsourcing staff as part of cutting down costs and existing regular employees. The airline has assured employees that there wouldn't be outsourcing until 2017.
Microsoft has launched the second generation of the company's smart health tracker, Microsoft Band 2. Firstly announced at Microsoft's event earlier this month, the device is now available in the US store and will be available in the UK on November 19.
GoPro Inc has announced quarterly results below the market forecast as the demand for new cameras has been sluggish in the market. Recently launched wearable cameras haven't been received well by the market.
General Motors promised The United Auto Workers union a $1.9-billion investment in US operations that would add 3,300 union jobs in the country under a proposed four-year contract.
Microsoft officially anounced its Arrow launcher for Android. A customization application that enable Android users to modify how their device look and behave. The application is now officially available for download in Android Google Play.
Oracle Corporation, through its CEO Safra Catz, unveiled the company's plans to build a high school on its Redwood Shores campus.
There are new enhancements in Google Photos, including better app performance, face matching features, and it can also allow users to hide photos of specific people.
Apple and Irish band U2 collaborated on a 360-degree U2 music video produced by Vrse App, a platform for original VR content. The U2's "Song for Someone" music video is Apple's first experiment in mixing VR and music videos.
Gold prices are at their lowest in three weeks after the Federal Open Market Committee announced that they won't push through with the interest rates hike.
