Hedge fund Third Point urges Intel to explore deal options

Were it to gain traction, Third Point's push for changes could lead to a major shakeup at Intel, which has been slow to respond to investor calls to outsource more of its manufacturing capacity. It could also lead to the unwinding of some of its acquisitions, such as the $16.7 billion purchase of programmable chip maker Altera in 2015. https://ift.tt/34WPiCC

Amazon invests Rs 11,400 crore in India in FY20

E-commerce giant Amazon has pumped in over Rs 11,400 crore (about $1.5 billion) during FY2019-20 across its marketplace, payments and wholesale business units in India to bolster its position in the country's burgeoning digital commerce market. https://ift.tt/38GCAcm

Future, Amazon continue letter fight; write to SEBI over Future-Reliance deal

Continuing their letter fight, Amazon and Future Group have written to market regulator SEBI with contrasting requests over a Rs 24,713 crore buyout of assets of India's second-largest retailer. Future Group has requested SEBI to expedite the review of the proposed deal and issue a no-objection certificate, while Amazon has urged that the review of the "impugned transaction" be suspended. https://ift.tt/37UQmZM

Third-party sales up 50% globally on Amazon during holiday season

"We invested billions of dollars to help small- and medium-sized businesses continue to grow and to help keep employees safe and deliver products to customers - including more than $2.5 billion in bonus pay to front-line workers," Amazon said in a blog post. https://ift.tt/2WRzEUK

Apple loses copyright claims in lawsuit against US security bug startup

A federal judge in Florida dismissed Apple Inc's copyright infringement claims against a Florida startup whose software helps security researchers find vulnerabilities in Apple products including the iPhone. The US District ruled in favor of Corellium LLC, saying its software emulating the iOS operating system that runs on the iPhone and iPad amounted to "fair use" because it was "transformative" and helped developers find security flaws. https://ift.tt/34UqDic

Apple Hits Record After December Surge Sends It Past Amazon

Apple shares briefly rallied to an intraday record on Tuesday, continuing a year-end surge that's cementing its lead over Amazon as 2020's best performer among the largest technology stocks. https://ift.tt/38G1Wak

Intel Says Prepared to Work With Third Point Hedge Fund on Business Focus

Intel said it was prepared to work with Third Point hedge fund on changes to its business to boost shareholder value. https://ift.tt/37UXEN3

Apple Loses Copyright Suit Against Cyber-Security Startup Corellium

A federal judge dismissed Apple's copyright infringement lawsuit against cyber-security startup Corellium in a case that could have implications for researchers who find software bugs and... https://ift.tt/3o33PnO

Over Christmas holiday, Apptopia says HBO Max had ~554K app signups; Sensor Tower says Disney+ had ~2.3M global app installations, up 28% from prior weekend (Christopher Palmeri/Bloomberg)

Christopher Palmeri / Bloomberg:
Over Christmas holiday, Apptopia says HBO Max had ~554K app signups; Sensor Tower says Disney+ had ~2.3M global app installations, up 28% from prior weekend  —  AT&T Inc.'s HBO Max streaming platform set a single-day record for downloads of its mobile app following the release of the superhero sequel …

FactSet: Amazon's "other" business unit, which is made up almost entirely of its ads business, will make $21B in revenue in 2020, up 47% YoY (Dave Lee/Financial Times)

Dave Lee / Financial Times:
FactSet: Amazon's “other” business unit, which is made up almost entirely of its ads business, will make $21B in revenue in 2020, up 47% YoY  —  Ads unit grows faster than retail or cloud computing divisions  —  The surge in online shopping triggered by the Covid-19 pandemic …

This is how Apple wants future laptop keyboards to look

Apple has applied for a patent application for a “reconfigurable” Mac keyboard. The small display in every keypad would mean that users can change the keypad as per their liking. https://ift.tt/2Mj4ofr

Amazon app quiz December 30, 2020: Get answers to these five questions to win Rs 25,000 in Amazon Pay balance

Name of the winner will be revealed on December 31. https://ift.tt/3aRY7By

Flipkart quiz December 30, 2020: Get answers to these five questions to win gifts, discount coupons and Flipkart Super coins

Flipkart quiz usually comprises of five questions based on current events. https://ift.tt/34VJ5H7

From WandaVision to Tandav, Here's What to Stream in January 2021

Tandav, The White Tiger, Riverdale season 5, Cobra Kai season 3, WandaVision, Dickinson season 2, Pieces of a Woman, Batwoman season 2, One Night in Miami, American Gods season 3, Outside the Wire -... https://ift.tt/2MiYCKN

11 biggest tech winners and losers of the year 2020

https://ift.tt/2WXxZwS