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Facebook Leak: Private Details of Over 500 Million Users on Offer, Leaker Says

A leaker says that information on more than 500 million Facebook users — including phone numbers and other data — virtually for free.

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LG Becomes First Major Smartphone Brand to Withdraw From Market Due to Losses

LG Electronics said it will wind down its loss-making mobile division — a move that is set to make it the first major smartphone brand to completely withdraw from the market.

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Year-end pressure hits fund transfers via IMPS, UPI in millions

Bank systems were clogged due to year-end system maintenance. Transactions were delayed for more than 24 hours, which otherwise would have been possible in a few seconds. Customers of top banks with large retail interfaces are said to have suffered the most.

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In an apology, Amazon admits some drivers have to 'pee in bottles'

Its admission came a week after the Democrat criticised Amazon's working conditions, saying in a tweet: "Paying workers $15/hr doesn't make you a 'progressive workplace' when you union-bust & make workers urinate in water bottles."

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Tencent's Timi gaming studio generated $10 billion in 2020, sources say

The $10 billion would make Timi the world's largest developer, the sources say. It also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive "AAA" titles on platforms such as desktop computers, Sony's PlayStation, Nintendo's Switch and Microsoft's Xbox.

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Galloping Unicorns

In today's ETtech Morning Dispatch newsletter: startup fundraising touched a record high in Q4, TikTok restructuring its India team and Reliance eyes global payments play via NUE license.

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ByteDance is restructuring TikTok India team, transfers country head

The restructuring is in line with the impending TikTok Global IPO in October, wherein retained employees of TikTok India will look to redeem their ESOPs.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...