On Monday, the world's richest person Elon Musk criticized the fee Apple charges software developers - including his Twitter business - for in-app purchases, and posted a meme suggesting he was willing to "go to war" rather than pay it.
Talking about the draft telecom bill, which has proposed bringing over-the-top (OTT) apps under the same licensing conditions as telecom services firms, he also said internet platforms like Facebook, which function as intermediaries, should be governed by existing IT legislations.
Benioff will remain the sole CEO and continue as board chairman of the software giant when Taylor departs on Jan. 31, the company said Wednesday in a statement. Taylor has been at the company for the past six years and was named co-CEO in November 2021.
Growth will come from expanding into tier-3 cities, global markets but without burning money amid funding slowdown: Bain & Co and Accel report.
Meta will take a decision on whether to revoke former US President Donald Trump's suspension in early 2023, Nick Clegg, president, global affairs of Meta told ET in an exclusive interview.
The transaction, if successful, will help the salt-to-software conglomerate ramp up the manufacturing capabilities of group company Tata Electronics Pvt Ltd (TEPL) in precision engineering.
The closed-door meetings this week are likely to be chaired by union electronics and information technology minister Ashwini Vaishnaw, our sources said. Apart from seeking feedback, the government “will also try to allay any fears that experts have raised so far on some of the contentious issues” in the bill
Beer manages close to $14 billion of technology expenditures for the $121-billion financial services behemoth that is also the largest bank in North America by total assets.
Sources said Swiggy was attempting to become operationally fitter and was cutting down on some of its experimental activities, while indicating that shutting down The Bowl Company in Delhi-NCR was unlikely to have a major impact.
The sale will take place at an offer floor price of Rs 60 per share – a 5.59% discount to Tuesday’s closing price of Rs 63.55 on BSE.
The freshly raised funds will be used to ramp up US go-to market, on sales and marketing for new markets, and building new products.
As part of a cost-cutting exercise, the company has also cut the salaries of employees earning more than Rs 10 lakh annually by 11%.
Elon Musk said in a tweet on Monday that Apple Inc has mostly stopped advertising on Twitter.
“We are excited about partnering with these amazing entrepreneurs that are disrupting multiple lifestyle categories. With our investment and deep value-addition, we are confident in scaling existing leading brands to become category leaders as well as be the category creators in several emerging categories," Prashanth Aluru, CEO and Co-founder, TMRW, said.
Gaurav Munjal's edtech startup also sacked as many as 350 employees recently in a bid to reduce costs and turn a profit
The company said it plans to use the funds to strengthen its tech infrastructure and for recruitment across the international business development, technology, and product development verticals.
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Dhruva Space, which has sent two tiny satellites recently, is looking to raise USD 20-25 million in the next one to two years to create infrastructure facilities here to be able to launch satellites weighing up to 100Kg, Abhay Egoor, co-founder and CTO of the city-based startup said.
Twitter boss Elon Musk has said that the microblogging platform may exceed one billion monthly users in the next 12 to 18 months.
Elon Musk has lost half of the top 100 advertisers on Twitter in less than a month after the billionaire took office, the study revealed.
Musk said user active minutes were at a record high, averaging nearly eight billion active minutes per day in the last seven days as of November 15, an increase of 30% in comparison to the same week last year.
Rajeev Chandrasekhar said the proposed Data Protection Board - which will adjudicate matters related to data protection - will be independent and not have any government officer on the board.
Last week, Musk announced the reactivation of Trump's account after a slim majority voted in a Twitter poll in favor of reinstating Trump, who said, however, that he had no interest in returning to Twitter.
With Czechs among the biggest beer drinkers in the world, brewer Plzensky Prazdroj plans to install sensors that will collect data on beer flow and tube and tap temperatures.
SEBI had given Oyo the permission to submit updated financials before it examined and finally processed the company’s IPO application.
"I certainly hope it does not come to that, but, yes, if there is no other choice, I will make an alternative phone," Elon Musk tweeted.
Gamitronics said it has entered into a strategic partnership with the Canadian gaming major Big Viking Games (BVG) to fuel the global expansion of its blockchain technology-led metaverse platform, Partynite
The central bank has also directed the payment firm not to onboard new online merchant
The Zhengzhou factory – which reportedly had 120,000 workers in 2012 and more than 200,000 as of this month – is sometimes referred to as iPhone City as it produces the bulk of Apple's iPhones.
Samsung to start manufacturing 5G and 4G radio equipment at Kanchipuram.
The announcement comes as Elon Musk faces pushback that his criteria for content moderation is subject to his personal whim, with reinstatements decided for certain accounts and not others.
Confirming the development, a PayU spokesperson said: “We are excited to welcome Arvind to our leadership team at this opportune time with the company heralding a new growth journey.”
Employees in the US, UK, India, Japan, Australia, South Africa and across Europe are demanding better wages and working conditions as the cost-of-living crisis deepens, in a campaign dubbed “Make Amazon Pay”.
The new rules known as the Digital Services Act, which will apply from February 2024, require online platforms to do more to police the internet for illegal content or risk fines as much as 6% of their annual global turnover.
If the transaction goes through, it will be the biggest consolidation in the new-age lending sector, which has of late faced major regulatory roadblocks in India. In September, the Reserve Bank of India introduced a set of rules for online lenders.
The authorities had sought Amazon’s response after Pune-based employee union Nascent Information Technology Employees Senate (NITES) petitioned union labour minister Bhupender Yadav, claiming that the online retailer had forcibly terminated a large number of employees in India.
A lawsuit challenging the deal is not guaranteed, and the FTC's four commissioners have yet to vote out a complaint or meet with lawyers for the companies, the report said, adding that the FTC staff reviewing the deal are skeptical of the companies' arguments.
The verdicts may hurt developers in the country as it means they may have to develop apps with different specifications for different app stores.
Amazon will release a smaller number of films in theaters next year and increase its output over time. That number of releases puts it on on a par with major studios such as Paramount Pictures.
Ushering in an era of open-source network for digital commerce, ONDC chief Thampy Koshy lays out the blueprint for revolutionising the Indian ecommerce landscape, one where buyers and sellers enjoy equal opportunity. At ET India Rising, powered by Visa, Koshy maps out the road ahead for India’s ONDC and the opportunities it presents for ecosystem players and startups to innovate and grow.
The Indian capital markets regulator has made it unambiguously clear that funds have to close and liquidate within the specified period even if a predominant number of investors who have contributed to a fund pool give their consent to extend the tenure of the fund.
Once Musk took over the company, he refused to reimburse travel vendors for those bills, current and former Twitter employees said. Musk's staff said the services were authorized by the company's former management and not by him. His staff have since avoided the calls of the travel vendors.
In the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal. The collapse has left an estimated 1 million creditors facing losses totaling billions of dollars.
While it is known that FTX and its employees bought real estate in the Bahamas, where it established its headquarters in September last year, the property records show for the first time the scale of their buying spree and the intended use of some of the real estate.
New jobs still fetch about 30-35% hike in salaries, but they have fallen from a high of 100% amid layoffs, slowdown in economy.
Meta Platforms Inc spokesperson Andy Stone said in a tweet on Tuesday that a report on Chief Executive Officer Mark Zuckerberg stepping down next year was false.
Disney shocked investors late on Sunday evening by announcing the ouster of CEO Bob Chapek and appointing Iger, 71, to a two-year contract to return the company to growth.
