Technology News

Aug 05 Google Startups

Alphabet Dumps More Than 90% Of Its Stake In Robinhood

Google parent Alphabet has pared back large positions in multiple publicly traded firms.
The company sold off more than 4.3 million shares of the trading platform.
Alphabet still held about 612,000 shares of Robinhood as of June 30.

Masayoshi Son’s SoftBank Vision Fund II filed suit against a former portfolio company, alleging massive fraud by the founding coterie, all of whom were relatives.
Buzzy social network startup IRL was valued at $1 billion and raised $150 million from SoftBank.
SoftBank alleged that the founders pumped up user numbers and engagement.

Laptops and tablets are among a handful of electronics that will require a license to be imported into India, according to a government notice published Thursday.
In theory, companies from Apple and Samsung to HP will need licenses to import such products into India.
On Friday, Rajeev Chandrasekhar, India’s information technology minister, said the move was designed to reduce dependence on imports and increase the domestic manufacturing of these products.

Bing’s AI chatbot is rolling out on Google Chrome and Safari. Microsoft is testing letting users on both browsers access the tool.
“We are flighting access to Bing Chat in Safari and Chrome to select users as part of our testing on other browsers,” Caitlin Roulston, Microsoft’s director of communications, says in a statement to The Verge.
“We are excited to expand access to even more users once our standard testing procedures are complete.”

Shares of retail traders' favorite AMC Entertainment Holdings soared on Monday after a U.S. court blocked the theater chain's stock conversion plan that risked diluting investors' holdings.
A Delaware court judge said on Friday declined to approve the proposed settlement by AMC in a case that has alleged the company planned to convert preferred stock to common to circumvent the will of common stock holders who had opposed the issuing of new shares.