Author: MNK News

Strava’s big attack on Garmin didn’t last long. On Tuesday, the former filed paperwork to dismiss its patent infringement lawsuit against the latter, according to DC Rainmaker. The battle, which included a “Setting the record straight” Reddit post from Strava’s chief product officer, lasted all of 21 days.The lawsuit accused Garmin of infringing on patents related to heat maps and segments. Strava asked the court to halt all sales of infringing Garmin products, which, according to its characterization, would have been, well, most of them.Strava Chief Product Officer Matt Salazar escalated the fight with an October 2 Reddit post. He…

The deal comes amid a year of consolidation across the fitness software and payments space Daxko, a software and payments provider, has added another piece to its growing fitness tech portfolio with the acquisition of Exercise.com, a gym management software company that focuses on boutique fitness studios. Financial terms of the deal were not disclosed. The acquisition builds on Daxko’s recent expansion streak. In September, the company acquired Vision, a longtime software partner of the Boys & Girls Clubs of America, extending its footprint to nearly 30% of Clubs nationwide. The deal was designed to reduce administrative burdens for club leaders while expanding access to Daxko’s…

Multan Sultans owner Ali Tareen hit out at the Pakistan Super League (PSL) management late on Thursday, stating he is “unhappy at their mediocre mindset”, after his franchise was issued a legal notice threatening suspension over breach of contractual obligations. Earlier in the day, the PSL management had acted following repeated public statements by Tareen criticising the Pakistan Cricket Board (PCB) and PSL, and had sought a public apology if the latter wished to avoid legal proceedings. The move marked a significant escalation in the simmering tensions between the board and the Multan franchise. Tareen then posted a video on…

The Fair Election Fund (FEF) on Thursday launched a digital ad campaign to boost its report about how Microsoft has stifled free speech and is influencing of elections across the country. “Microsoft has a history of censoring conservatives, aligning with foreign adversaries, and risking our national security, and their actions demand immediate scrutiny. This ad campaign is a wake-up call to D.C. to hold bad actors accountable and prevent future partisan abuses of the electoral process,” FEF said in a statement. FEF launched a five-figure digital ad campaign to shine a spotlight on how Microsoft’s pattern of political bias and…

China’s new five-year plan — an overarching policy proposal for the next term of Chinese Communist Party leadership — is focused on making the nation technologically self-reliant and less vulnerable to foreign pressure, Bloomberg reports. The plan has yet to be officially adopted, but is being released ahead of a summit between President Donald Trump and President Xi Jinping in South Korea.The main focus of the proposal is to make China’s tech and science industries self-reliant and less dependent on products created by international companies. Bloomberg writes that the proposal is particularly interested in developing “fields such as semiconductors and…

The record remains unblemished, the streak grows more formidable. MMA fighter Rizwan “The Haider” Ali, reinforced his status as kryptonite for Indian adversaries, systematically dismantling Rana Rudra Pratap Singh “The Rajput” to secure a first-round technical knockout at the Absolute Championship Akhmat in Dubai’s Agenda Arena on Thursday. The victory marks his fourth win over an Indian opponent in two years — a perfect finishing rate he has maintained against all of them, keeping his pristine professional record intact at 11-0. The tension was palpable from the start, a fuse lit long before the first punch was thrown. It manifested…

XRP continues to struggle for bullish momentum as market sentiment remains heavily bearish. After weeks of declining prices and fading trading volume, the token is still trading below the $2.5 mark, with traders growing increasingly cautious. While some analysts interpret this as a cooling-off period before the next potential expansion phase, fear and uncertainty continue to dominate the market’s short-term outlook. Related Reading Adding to the tension, top CryptoQuant analyst Maartunn revealed that Chris Larsen, Ripple’s co-founder, has realized over $764 million in profits since January 2018 from XRP-related sales. According to on-chain data, Larsen’s selling activity tends to coincide…

Dogecoin is getting attention again after crypto analyst Shan Specter shared a new chart on X. In the post, Specter said Dogecoin is showing a green bullish dot on the daily chart, along with an RSI breakout. He described the move as “incredible” and said the coin looks ready to rise again. His chart shows that Dogecoin is now breaking past a level that had been holding it down for a while.  Specter suggests that the primary focus is now on how the RSI has broken upward. The analyst pointed out this change as a bullish indicator that Dogecoin could…

Netflix has announced its commitment to leveraging generative AI across its streaming platform to improve various aspects of its service, including recommendations, advertising, and content creation. Critics fear the widespread introduction of “AI Slop,” low quality AI videos that have flooded platforms like YouTube. CNBC reports that in its latest earnings report, Netflix highlighted the significant opportunities presented by generative AI and its potential to revolutionize the entertainment industry. The company has been utilizing machine learning and AI for several years to power its title recommendations, as well as production and promotion technology. However, with the rapid advancements in generative AI,…

Apple will owe money to UK users after losing an App Store antitrust lawsuit there on Thursday, according to Financial Times. The Competition Appeal Tribunal ruled that the iPhone maker abused its dominant market position to inflate developer fees.The tribunal found that the company has “near absolute market power” for iOS app distribution and in-app payments. The decision declared that Apple has been “abusing its dominant position by charging excessive and unfair prices.” FT reports that Apple will appeal the decision.The class action claimants said damages of about £1.5bn would be split between 36 million consumers. A subsequent hearing to…