Month: July 2018

IBM Wins $83 Million in Groupon E-Commerce Patent Fight

A US jury awarded IBM $82.5 million (roughly Rs. 562 crores) after finding that Groupon infringed four of its e-commerce patents. Friday’s verdict is a boon to IBM’s intellectual-property licencing business, which last year brought in $1.19 billion (roughly Rs. 8,200 crores) for the company, holder of more than 45,000 patents. IBM sued Groupon

Facebook Buys Israeli Messaging Company Redkix

Israel’s Redkix, whose product combines email and team messaging, said on Thursday it has agreed to be acquired by Facebook, where it will join the Workplace team to help companies collaborate. Facebook launched Workplace, its subscription-based social platform for businesses, in 2016. Redkix and Facebook did not disclose financial details. A

Fortnite 1st Birthday Challenges and Rewards Announced

Fortnite is celebrating its first birthday by rewarding its players with in-game events that begins on July 24 and ends on August 7. Those playing Fortnite Battle Royale will be able to partake in challenges that unlock the birthday cosmetic set including Fortnite back bling. And if you’re playing Fortnite Save the World,

Google Parent Alphabet Sees Record Highs Despite EU Fine

Google parent Alphabet shares lifted Monday on a stronger-than-expected earnings report for the past quarter, as the tech giant’s results eased concerns over huge fines imposed by the European Union for antitrust actions. Profit dipped 9.3 percent to $3.2 billion (roughly Rs. 22,000 crores) in the second quarter after accounting for the EU fines,