From a string of crypto catastrophes to Elon Musk’s acquisition of Twitter, the biggest rout in technology stocks and a funding winter, 2022 did not lack for drama. Grab a cuppa and sit back as we revisit the best explainers that ETtech Unwrapped delivered weekly to your inbox in a truly bonkers year for tech.
Surging firings by technology companies last year are disproportionately affecting women and mid-career talent which may make it more difficult to improve diversity in one of the most sought-after industries, according to data from a research firm.
The fallout from the collapse of crypto exchange FTX and criminal charges leveled against its founder Sam Bankman-Fried weighed heavily on the sector this week.
Twitter has not commented on the report, which Gal first posted about on social media on Dec. 24, nor responded to inquiries about the breach since that date. It was not clear what action, if any, Twitter has taken to investigate or remediate the issue.
Over the past six months, convertible notes have emerged as a lifeline for many highly valued, growth-stage startups which were unsuccessful in raising funds through the traditional equity route. Today, we are reporting that Reliance-backed delivery startup Dunzo is likely to join the likes of B2B e-commerce company Udaan and epharmacy platform PharmEasy in tapping the convertible note route to shore up fresh funds. This and more in today’s packed edition of the ETtech Morning Dispatch.
Analysts expect sequential improvement in operating margins as tech professionals switch jobs less frequently
The Mumbai- and Bengaluru-based company was founded by Jitendra Gupta, as his second venture in the fintech space after selling Citrus Pay to Naspers-owned PayU in 2016.