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We are not satisfied with the results. After another disappointing quarter, Snap shares are down by 25 percent

Snap shares fell more than 25 percent in afterhours after reporting worsethanexpected sales growth. The company said revenue rose just 13 percent to $

Snap shares fell more than 25 percent in afterhours after reporting worsethanexpected sales growth. The company said revenue rose just 13 percent to $1.1 billion in the quarter. Daily active users grew 18% yearoveryear to more than 347 million, down five percent. Snap also posted a quarterly net loss of $422 million, compared with a loss of $152 million in the same quarter last year. Snap expects daily active users to reach 360 million in the third quarter, representing 18% yearoveryear growth. The company also declined to provide financial guidance for the current quarter due to uncertainty surrounding the operating environment. Snap shares had fallen 65 percent yeartodate before Thursdays plunge. Read More..

B2B Tech News | 2 years ago        

Slate Asset Management buys a controlling stake in Amperio GmbH

A majority stake in Imperio GmbH has been bought by Slate Asset Management. In Germany, Amperio is a specialised planner and operator of EV charging i

A majority stake in Imperio GmbH has been bought by Slate Asset Management. In Germany, Amperio is a specialised planner and operator of EV charging infrastructure. A pipeline of growth opportunities will be created by Slates portfolio of more than 225 supermarket locations spread throughout Germany and partnerships with tenants committed to environmental responsibility. A global alternative investment platform that focuses on real assets is called Slate Asset Management. A variety of infrastructure and real estate investment methods are available on Slates platform. The corporations most recent impact infrastructure investment was a commitment to vertical farming company Eider VF Limited, which is situated in the UK. Read More..

B2B Tech News | 2 years ago        

FinTech solves banking bottlenecks and empowers unbanked Egypt with mobile technology.

Until recently, transfers between accounts in Egypt could take up to three days. The North African countrys high proportion of cashrich and unbanked p

Until recently, transfers between accounts in Egypt could take up to three days. The North African countrys high proportion of cashrich and unbanked populations still limits financial inclusion. Frans van Ersel, CEO of FinTech startups focused on the Middle East and North Africa, addresses this issue headon. Thunders digital investment platform offers unbanked individuals in Egypt and the wider MENA region the ability to invest in a variety of stocks, bonds, and funds through a mobile app. Company founder Saif Amr said the company can now open accounts for employees and beneficiaries and make payments in realtime, including on weekends and holidays. It means you can onboard an employee in seconds. Read More..

B2B Tech News | 2 years ago        

Kenya rejects proposed port deal with Dubai

Kenya has rejected the commitments made to Dubai Port DP World in a July tender. The four ports in the nation were to be developed, operated, and mana

Kenya has rejected the commitments made to Dubai Port DP World in a July tender. The four ports in the nation were to be developed, operated, and managed by the UAEbased company. In an agreement signed between the two states, Kenya agreed to give DP World preference. When the government floated an international competitive tender to concession the second container terminal in Mombasa in 2014, DP World first entered the fray in Kenya. Lamu Port has the potential to act as a regional hub for foreign investors but has not yet announced any port management tenders. Read More..

B2B Tech News | 2 years ago        

Coalition amendments to allow renewable energy companies to fund fossil fuel projects to be phased out

The Australian Renewable Energy Agency Arena will no longer be able to finance some fossil fuel developments. The change comes as negotiations continu

The Australian Renewable Energy Agency Arena will no longer be able to finance some fossil fuel developments. The change comes as negotiations continue on a bill that would reduce greenhouse gas emissions by 43% by 2030. Greens leader Adam Bandt said he was disappointed that Anthony Albanian News Corp. said the ban on new Australian coal and gas mines would increase global emissions. The Australian government has changed the mandate of its renewable energy agency, Arena, to avoid funding new coal and gas projects. It is the third time that the coalition has tried to change Arenas mandate the two previous attempts have been blocked in the Senate. Bandt said the prime minister used the same procoal talking points as his predecessor Scott Morrison. Read More..

B2B Tech News | 2 years ago        

Indian tech companies meet with lawmakers. Gaming investors are eyeing the status quo on GST

The founders and CEOs of several Indian internet companies, including Flipkart, Ola, Zomato, Swiggy, Makemytrip, and others, met with a parliamentary

The founders and CEOs of several Indian internet companies, including Flipkart, Ola, Zomato, Swiggy, Makemytrip, and others, met with a parliamentary panel on Thursday to discuss anticompetitive practices by bigtech companies. The Committee on Finance is planning a similar meeting with global tech companies for the following week. Startups have long complained about Googles inapp purchase billing policy, which requires platforms to pay a 30 percent fee to Google. Top executives, startup founders, and CEOs of Indian internet companies such as Flipkart, Paytm, Oyo Hotels & Homes, Ola, Zomato, Swiggy, Makemytrip, and others met with a powerful parliamentary panel on Thursday to discuss anticompetitive practices by bigtech companies, which was presided over by former BJP state minister of finance Jayant Sinha. Read More..

B2B Tech News | 2 years ago        

As lenders increase, so does the Australian market

The Australian S & P / ASX200 benchmark rose 0.52% to 6,794.28. The broader All Ordinaries Index added 43.18 points r 0.62% to 7,018.40. Australian an

The Australian S & P / ASX200 benchmark rose 0.52% to 6,794.28. The broader All Ordinaries Index added 43.18 points r 0.62% to 7,018.40. Australian and New Zealand banks led the group after announcing the purchase of Suncorps banking arm for AU $ 4.9 billion. Shares of Woodside Energy fell 4.4% after cutting the manufacturing outlook for the year. Santos shares fell 1.9% after the company cut the top of its lead. ANZ rose 2.2%, while Commonwealth Bank of Australia and Westpac Banking Corp gained 1.7% and 1.5% respectively. Read More..

B2B Tech News | 2 years ago        

Kenya shuts down Tanzanias presidential gas plant

Kenya has withdrawn the plan of a Tanzanian billionaire to build a gas plant and a storage facility in the port of Mombasa. Energy regulators have rej

Kenya has withdrawn the plan of a Tanzanian billionaire to build a gas plant and a storage facility in the port of Mombasa. Energy regulators have rejected a request for Taifa Gass 30,000tonne gas processing plant, owned by tycoon Rostam Aziz, because of environmental risks. The regulator has published technical details for an investment proposed by Africa Gas and Oil Ltd, based in Tanzania. Private companies have tried to take advantage of Kenyas growing use of cooking gas without investment from stateowned enterprises. Read More..

B2B Tech News | 2 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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