The drumbeat continued yesterday, as Tesla Inc. Chief Executive Officer Elon Musk told employees the electric-vehicle maker needs to reduce its salaried workforce by 10% and pause hiring worldwide. Cryptocurrency exchange Coinbase Global Inc. also said it will extend a hiring freeze and rescind a number of accepted job offers, citing market conditions.
According to TechCrunch, RCS stands for Rich Communication Services, and it is the result of a collaboration between a number of industry players to enhance traditional SMS with modern features like richer texts and end-to-end encryption.
The Stop the Deal campaign is persuading Tesla stockholders to take action against the takeover deal, which has been put on hold by Elon Musk as he wants more information on fake accounts on the platform.
Tiger Global’s hedge fund sank 14.2% last month, buffeted by losses in several stocks and substantial markdowns in its private assets, according to an investor letter seen by Bloomberg and a person with knowledge of the matter.
The move comes amid a liquidity squeeze following the Reserve Bank of India’s (RBI) decision to hike interest rates, even as startups are seeing increased customer stickiness.
The company plans to expand the service by this calendar year end to more than 200 cities and towns where JioMart is currently operational , two industry executives said.
The company is betting aggressively on Reels in India, especially after Chinese short video app TikTok was banned in 2020 following border hostilities with China.