Online pharmacy PharmEasy recorded a positive Ebitda of around Rs 14 crore, which means it is operationally profitable, even as one of its investors marked its valuation down to $2.8 billion. This and more in today’s ETtech Morning Dispatch.
The global investor, which picked a stake in PharmEasy in September 2021, has reduced the valuation of its holding in the firm by half, which would translate to an approximate valuation of around $2.8 billion as of December 31, 2022.
LGES and Stellantis announced the investment last year to establish a large-scale, domestic, electric vehicle battery manufacturing facility in Canada.
There is no escaping Elon Musk. Having thrust himself, uninvited and often unwanted, into public consciousness, he is everywhere at once - an omnipresent, Orwellian Big Brother whose smirking visage is inescapable, a jokester, entertainer, troll, provocateur.
Banned from using popular Western apps, Iranians have been left with little choice but to take up state-backed alternatives, as the authorities tighten internet restrictions for security reasons following months of protests.
Google has announced that it will expand its Dark Web monitoring to all Gmail users in the US and later to international markets.
On Friday, Elon Musk announced that NBC Universal's Linda Yaccarino will serve as the new CEO of Twitter. Yaccarino is a longtime advertising executive credited with integrating and digitizing ad sales at NBCU. Her challenge now will be to woo back advertisers that have fled Twitter since Musk acquired it last year for $44 billion.
