Welcome to the world of facts and news

Elon Musk seeks to end $258 billion Dogecoin lawsuit

The lawyers said the investors never explained how Musk intended to defraud anyone or what risks he concealed, and that his statements such as "Dogecoin Rulz" and "no highs, no lows, only Doge" were too vague to support a fraud claim.

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

Twitter makes some of its source code public

The company said in a blog post it uploaded the code in two repositories on code-sharing platform Github. They include the source code for many parts of Twitter, including the recommendations algorithm which controls the tweets that users see on their timeline.

from Tech-Economic Times https://ift.tt/0jqfpY1

Tata Neu’s muted first year, PhonePe-ZestMoney deal called off & the week’s top tech stories

Hi Digbijay here in Bengaluru. Last month, I was in Mumbai and visited the offices of the newest ecommerce challenger in India –Tata Digital-- which runs the superapp Neu. If you’ve been reading our coverage of one of Tata’s most ambitious projects, you’ll know we’ve been on top of all the big developments, breaking the most important stories.

from Tech-Economic Times https://ift.tt/Dac7jE5

Amazon must face California lawsuit claiming its prices are too high

California sufficiently alleged that Amazon's policies "have had the anticompetitive effect of raising prices on competing retail marketplaces as well as on third-party sellers' own websites," Judge Ethan Schulman in San Francisco Superior Court wrote.

from Tech-Economic Times https://ift.tt/w51hdGC

Meta defeats photo app's antitrust case in US court

US District Judge Kiyo Matsumoto in Brooklyn, New York, federal court said in her 67-page order that Phhhoto Inc had failed to timely bring its claims under relevant US antitrust law that sets a four-year window and under New York state competition provisions that have a three-year statute of limitation.

from Tech-Economic Times https://ift.tt/3B7Wby6

Why PhonePe-ZestMoney deal fell through; top leadership changes at Swiggy Instamart

PhonePe has walked away from buying cash-strapped buy-now-pay-later (BNPL) startup ZestMoney amid due diligence concerns, per multiple people in the know. After breaking the story on Thursday morning, we get you details on what led to the failed transaction.

from Tech-Economic Times https://ift.tt/WY83dah

Exclusive: Swiggy Instamart head Karthik Gurumurthy to step aside; cofounder Phani Kishan to take over biz

Typically, the campus placement process starts in July of every year, said D Ranganath, dean of placement and training at RV College of Engineering in Bengaluru. “

from Tech-Economic Times https://ift.tt/Diqm9hO

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...