1. Glassdoor Purchased for $1.2B
Glassdoor, the popular employment review site, is being acquired by Japanese HR company Recruit Holdings for $1.2B. “Joining with Recruit allows Glassdoor to accelerate its innovation and growth to help job seekers find a job and company they love while also helping employers hire quality candidates,” said Glassdoor co-founder Robert Hohman. This will be the largest tech acquisition yet for 2018. With only 16% of workers feeling engaged at their job and 3.3B adults currently looking for a job, Glassdoor’s mission is to provide value to job seekers and employers.
(Source: The Hustle & Fortune)
2. Trump Wants to Get ZTE Back on Track
ZTE, Chinese multinational telecommunications company, is halting major operations after the Trump administration ordered American companies to stop supplying it with vital components. Why did the US stop providing to ZTE? ZTE is being punished for breaking sanctions — i.e. selling phones (cheap phones) to Iran and North Korea. America prohibits the sale of US tech to embargoed countries. However, Trump recently sent a bizarre tweet saying now they’re going to help find a way to save the company. He’s offered to help by using China as a bargaining chip for negotiations, rather than turning the issue into a legal matter. San Diego based Qualcomm hopes this is resolved soon as they are the main supplier of chips to ZTE.
(The Hustle & NY Times)
3. Facebook Suspends 200 Apps
Facebook has suspended almost 200 apps in an investigation to determine whether or not Facebook apps misused user’s data. This all revolves around the Cambridge Analytica scandal, where third-party developers used quiz apps to target political ads. So far, thousands of apps have been investigated, but experts still have a long way to go. Personal information for as many as 87 million users may have been passed on without consent or knowledge.
(Source: TechCrunch)
Have you heard Uber’s latest announcement? Read all about it here.
