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Lawsuit: Google, Facebook CEOs colluded in online ad sales

The CEOs of both companies were aware of the deal and signed off on it, the lawsuit alleges. The original, redacted lawsuit, filed in December 2021, accused Google of "anti-competitive conduct" and of teaming up with the social networking giant.

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When founders lose the plot

Today on Unwrapped we look back at a few startup founders whose words and actions came back to haunt them — Ashneer Grover of BharatPe, Vishal Garg of Better.com, Michael Lofthouse of Solid8 and Rahul Yadav of Housing.com.

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Electric vehicle startup EVage raises $28 million from RedBlue Capital

"The money would be essentially used for ironing out and developing the supply chain and also completing our manufacturing facility so that we are ready to ship out the vehicle...we will be completing it within this year.," EVage founder and CEO Inderveer Sing said.

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Microsoft board to review sexual harassment, discrimination policies

The review will produce a transparency report with results of any sexual harassment investigations in recent years against the company's directors and senior executives, the board said.

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Alibaba’s grocery chain Freshippo considers funding at $10 billion value

The separate fundraising raises the prospect that Alibaba may consider spinning off the chain as a separate business, unlocking some of the value in a brand that once formed the centerpiece of its burgeoning physical retail operation.

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Gap taps NFT craze by taking classic hoodies digital

The more than 50-year-old company's push to sell virtual assets for real money follows similar moves by clothing companies such as Nike Inc, which last month announced the acquisition of NFT maker RTFKT.

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Facebook faces $3.2 billion UK class action over market dominance

The lawsuit, which will be heard by London's Competition Appeal Tribunal, alleges Facebook made billions of pounds by imposing unfair terms and conditions that demanded consumers surrender valuable personal data to access the network.

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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...