The parent of Instagram and Facebook, which has fallen on hard times amid a broad post-pandemic slump in digital ads, is focused on improving its content recommendations powered by artificial intelligence and its ad targeting systems to keep users clicking.
The budget outlines the importance of startups. Allowing carry-forward of losses for longer will strengthen their books and enable focus on building the larger ecosystem.
The task force will develop a "readiness assessment" regarding the semiconductor ecosystem in India and gather industry, government, and academic stakeholders to identify near-term industry opportunities.
The owner of photo messaging app Snapchat is the first of the major digital advertising platforms to report fourth-quarter results, which provides an early clue for platforms like Facebook owner Meta Platforms Inc and Alphabet's Google when they report results later this week.
To kick start the day, we have a packed edition of the ETtech Morning Dispatch. Bunch of stories on what the Economic Survey 2023 recommended for startups and tech sector and another big scoop on the PhonePe-Flipkart separation and its ongoing fundraise.
However, many of the SaaS unicorns reached the coveted $1-billion valuation on the back of inflated price-to-valuation ratios, Orios managing partner Rehan Yar Khan told ET.
In the federal court case in Manhattan, investors accused Musk, who bought Twitter for $44 billion in October, of waiting 11 days past a U.S. Securities and Exchange Commission deadline the previous March to disclose he had bought 5% of its stock.
