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Chinese E-Commerce Giant is Looking to Raise a Whopping $8 Billion
0By: Kuljit Grewal | July 31st, 2012 | Business, News
According to the NY Times, The Alibaba Group is close to securing an $8 billion funding round, valuing the company at an impressive $43 billion in equity. According to parties in the know, the Chinese company is looki...
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Canadian Entrepreneur Accuses Twitter of Hijacking His Concept
By: Kuljit Grewal | July 31st, 2012 | Business, News, O Canada, Social Media
Howard Lindzon, the founder of StockTwits, a service that organizes investment information from Twitter has got a major bone to pick with Twitter. The company, which deploys “cashtags” – hashtag style metadata tags that begin with the “$” symbol rather than the h...
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Zynga Is In Hot Water In More Ways Than One
By: Kuljit Grewal | July 31st, 2012 | Business, Games, Mobile Apps, News
Facebook game maker Zynga would probably like to call a timeout right about now. Not only has the company stock dropped from a $10 IPO price to a much less awesome $2.95 as of today, but the social game maker has now been hit with insider trading allegations. According to
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DISCOVERED – Photos of a 10” BlackBerry Playbook Hanging Out in Vietnam
By: Kuljit Grewal | July 30th, 2012 | News, O Canada, Tablets
Although rumours of a 10” BlackBerry tablet were eventually shot down last year, it appears that photographic evidence indicates a change of heart for Waterloo’s largest tech company. According to Vietnamese tech blog
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Amazon Hosts Vancouver Event to Add to Their Talent Pool
By: Kuljit Grewal | July 30th, 2012 | News, O Canada, Tablets
A recent LinkedIn event invitation confirms that Amazon is continuing to hire on Canada’s West Coast for two of their business lines. As mentioned by an earlier TQ piece, both Am...
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RIM May Be Laying Off 3,000 Employees Come August 13, 2012
By: Kuljit Grewal | July 30th, 2012 | Business, News, O Canada, Smartphones
According to sources of Canadian website Cantech Letter, Reaserch in Motion is not done cutting jobs. The moribund company, who recently announced plans to lay off 5,000 employees, nearly one third of its staff is ru...
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Vancouver’s Gaming Industry Hit Again as Microsoft Lays Off 35 and Cancels Two Projects
By: Kuljit Grewal | July 29th, 2012 | Business, Games, News, O Canada
Technology and gaming giant Microsoft delivered some somber news this past week, laying off 35 staff in the Vancouver area. Those employees had been working on the development of two games, Microsoft Flight and Project Columbia. The halted projects come on the heels of Microsoft posting their very first quarterly loss as a public company...
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Mark Zuckerberg Denies Facebook Phone…Sorta
By: Kuljit Grewal | July 29th, 2012 | Android, Business, News, Smartphones, Social Media
At another recent Facebook milestone, its first earnings call, Mark Zuckerberg was asked about the rumours surrounding his company and the potential for them to be creating a phone for release in 2013, as reported by TQ. Zuckerberg replied “There are lots of things that you can build in other...
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RIM Is No Longer a Top Five Smartphone Maker
By: Kuljit Grewal | July 29th, 2012 | Business, News, O Canada, Smartphones
According to research firm IDC, Research in Motion (RIM) has motioned its way out of the top five ranking of Smartphone manufacturers based on market share. According to the report, the shift in position comes following steady decline in un...
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Ontario’s COM DEV is Influencing the Way the Next Great Space Telescope Will Work
By: Kuljit Grewal | July 28th, 2012 | Business, Living, News, O Canada
NASA’s James Webb Space Telescope is the famed Hubble Space Telescope’s successor and a key part in our future as it pertains to space exploration and discovery. Designed to thrive further into space than its predecessor, the telescope will not be launched or ...
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