Enterprise

Microsoft and Walmart could turn TikTok into an e-commerce platform for creators

With the deadline for TikTok’s parent company ByteDance to sell the social media app to a US business quickly approaching on September 15, there have been some major developments related to a potential deal.First off, TikTok CEO Kevin Mayer, who joined the company just over three months ago, has made the decision to step down.…

Published 6 years ago in
Microsoft and Walmart could turn TikTok into an e-commerce platform for creators

With the deadline for TikTok’s parent company ByteDance to sell the social media app to a US business quickly approaching on September 15, there have been some major developments related to a potential deal.

First off, TikTok CEO Kevin Mayer, who joined the company just over three months ago, has made the decision to step down. In a letter to the company’s employees obtained by The Financial Times, Mayer explained his reason for stepping down, saying:

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    • As for potential bidders interested in acquiring TikTok, Microsoft, Twitter, Google, Oracle and now Walmart have held discussions with th

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    Enterprise

    Kraken Parent Payward Acquires Magic Wallet, Adding Technology Behind 60M Wallets

    Payward has agreed to acquire Magic Labs’ wallet-as-a-service business, adding embedded, non-custodial wallets to the infrastructure platform behind Kraken. The deal brings technology used to create more than 60 million wallets into Payward’s expanding enterprise product suite. Newton Labs Sells Magic Wallet Business to Focus Fully on Onchain Authorization Payward…

    Published 13 hours ago in
    Kraken Parent Payward Acquires Magic Wallet, Adding Technology Behind 60M Wallets

    Payward has agreed to acquire Magic Labs’ wallet-as-a-service business, adding embedded, non-custodial wallets to the infrastructure platform behind Kraken. The deal brings technology used to create more than 60 million wallets into Payward’s expanding enterprise product suite. Newton Labs Sells Magic Wallet Business to Focus Fully on Onchain Authorization Payward…
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    Enterprise

    Uphold Cuts Staff. The Money Now Goes to Its Bank-Facing Business

    Uphold has cut its global headcount by 17%, laying off roughly 85 employees and contractors, CoinDesk reported, citing sources familiar with the matter.The company is redirecting spending toward its enterprise business after nearly doubling headcount during what CEO Simon McLoughlin called a period of “extraordinary growth.”What Uphold Is Selling to PartnersFounded in 2015…

    Published 13 hours ago in
    Uphold Cuts Staff. The Money Now Goes to Its Bank-Facing Business

    Uphold has cut its global headcount by 17%, laying off roughly 85 employees and contractors, CoinDesk reported, citing sources familiar with the matter.The company is redirecting spending toward its enterprise business after nearly doubling headcount during what CEO Simon McLoughlin called a period of “extraordinary growth.”What Uphold Is Selling to PartnersFounded in 2015…
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    Enterprise

    XRP Gets New Payment Flow as Ripple’s RLUSD Lands AI Banking Platform Nuvion Integration

    Nuvion, an AI-powered global banking and cross-border payments platform, has integrated Ripple USD (RLUSD), extending the stablecoin’s enterprise reach just days after Ripple secured its full MiCA license in Europe. A New Rail for the ‘Compliant Digital Dollar’ Nuvion announced the integration in a press release saying RLUSD will power faster cross-border settlement…

    Published 2 months ago in
    XRP Gets New Payment Flow as Ripple’s RLUSD Lands AI Banking Platform Nuvion Integration

    Nuvion, an AI-powered global banking and cross-border payments platform, has integrated Ripple USD (RLUSD), extending the stablecoin’s enterprise reach just days after Ripple secured its full MiCA license in Europe. A New Rail for the ‘Compliant Digital Dollar’ Nuvion announced the integration in a press release saying RLUSD will power faster cross-border settlement…
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    Enterprise

    Siada Brings Nvidia B200 GPUs Online as UAE Keeps Sensitive AI Data Inside Its Borders

    United Arab Emirates tech enterprise Siada and Innovation City have launched the region’s first operational sovereign AI data center in Ras Al Khaimah. Bypassing Global Chip Shortages In a bid to bypass global tech supply bottlenecks and tighten data security, United Arab Emirates (UAE) tech enterprise Siada and Innovation City announced July 6 the launch

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    Siada Brings Nvidia B200 GPUs Online as UAE Keeps Sensitive AI Data Inside Its Borders

    United Arab Emirates tech enterprise Siada and Innovation City have launched the region’s first operational sovereign AI data center in Ras Al Khaimah. Bypassing Global Chip Shortages In a bid to bypass global tech supply bottlenecks and tighten data security, United Arab Emirates (UAE) tech enterprise Siada and Innovation City announced July 6 the launch [……
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