Business and technology quick bites

Updated version at 8.25 am

The highlighted words in red are links to the news article.

April 21, 2021,

Business News

1. TikTok, the wildly popular video app, and its Chinese parent ByteDance face damages claim worth billions of pounds (dollars) over allegations they illegally harvested the private data of millions of European children.
2. S&P 500 futures fell slightly in overnight trading Tuesday amid a sharp decline in Netflix shares, pointing to a third straight negative day on Wall Street.
3. Endeavor Group Holdings Inc, owner of the Ultimate Fighting Championship (UFC), is aiming for a valuation of more than US$10 billion in its US initial public offering (IPO), a second shot at going public after a failed attempt in 2019.
4. Regional banks and StanChart, are set to bid for parts of Citigroup’s (C.N) consumer business in Asia, people with direct knowledge of the matter said.
5. A large personal care company, Shiseido, says one of its male makeup lines has seen double-digit growth during the pandemic.
6. Malaysia may experience a delay in economic recovery, specifically in raising the growth of the country’s GDP to match the peaked growth in the last quarter of 2019 prior to the Covid-19 pandemic hit, according to Moody’s Analytics Inc.

Technology News

1. Apple is adding a subscription option to its pioneering podcasting service, evidently moving to fend off fast-growing rival Spotify.
2. Automation technology startup UiPath sold shares in its initial public offering (IPO) above its target range to raise $1.34 billion, a person familiar with the matter said. The IPO values UiPath at $29 billion.
3. PayPal’s Venmo, the peer-to-peer payment service, has started allowing users to buy, hold and sell cryptocurrencies on its app.
4. Apple Inc announced a line of slim iMac computers and iPads with higher-quality video that use its own processors, as it speeds its migration away from Intel and caters to a work-from-home world.