Welcome to the world of facts and news

Meta to delay closing acquisition of Within Unlimited by one month

Meta has agreed to push back the closing by one month or until the first day after the court rules on U.S. Federal Trade Commission's (FTC) preliminary injunction trial, according to the filing with the United States District Court for the Northern District Of California.

from Tech-Economic Times https://ift.tt/vxiabMy

US lawmakers to include ban on TikTok on government devices

The Senate last week voted on a bill sponsored by Republican Senator Josh Hawley to bar federal employees from using the ByteDance-owned short video app on government-owned devices. It was the latest action by US lawmakers to crack down on Chinese companies amid national security fears.

from Tech-Economic Times https://ift.tt/FVAT4Gw

Facebook held back on naming Cambridge Analytica in 2017: deposition

When Meta executives learned of issues related to Cambridge Analytica, and how they responded, is central to lawsuits in California and Delaware in which shareholders allege the executives breached fiduciary duties and consumers allege mishandling of their private information.

from Tech-Economic Times https://ift.tt/3IKaSTy

Edtech firms in a tight spot; TCS’ Goipnathan says 2023 will bring ‘balance’

Edtech firms are expected to move away from the K-12 business model in the coming year. They are also expected to focus on things like expanding offline, tapping international markets with higher disposable incomes, and digitising the school system, multiple professionals engaged in the business told us.

from Tech-Economic Times https://ift.tt/YnxWwji

2022 Year in Review | As the pandemic bubble bursts, edtechs go back to class

Edtechs are expected to move away from the K-12 business model in the coming year. They are also expected to focus on priorities such as a bigger offline play, tapping international markets with higher disposable incomes, and digitising the existing school system.

from Tech-Economic Times https://ift.tt/e3s8FgG

Sebi enhances vigil on MCX technology transition; High Court issues notices

While Sebi has sought for weeks' time to file a counter affidavit, the court on December 8 also issued notices to MCX, MCX Clearing Corporation as well as their CEOs and Chief Technology Officers.

from Tech-Economic Times https://ift.tt/AM4vent

Rajnish Kumar showed early signs to make money out of BharatPe: Ashneer Grover

BharatPe Chairman Rajnish Kumar allegedly showed early signs of "wanting control" and to "make money out of BharatPe", the fintech platform's former Co-founder and managing director Ashneer Grover has claimed in his book titled 'Doglapan'.

from Tech-Economic Times https://ift.tt/F9INHpe

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...