Employees were informed of the layoffs in a post on Meta's internal discussion forum Workplace on Tuesday. The post said they would be notified about their status with the company by early Wednesday morning, one of the sources said.
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Russian court rejects Apple appeal against abuse of dominant market position: report
Russia's federal anti-monopoly service (FAS) fined Apple in January over what it said was the US company's abuse of its dominant market position.
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from Tech-Economic Times https://ift.tt/dntsTJB
WeWork misses $95 million in interest payments
WeWork has chosen not to make two interest payments totaling $95 million, in an effort to kick-start negotiations with its lenders and reduce costs with landlords. Although this move may prompt speculation of a potential bankruptcy filing, WeWork claims to have enough cash on hand.
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from Tech-Economic Times https://ift.tt/jOm1NGs
Visa launches $100 million venture fund for generative AI startups
Generative AI is a technology that creates brand new content based on what it has learnt from past data.
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from Tech-Economic Times https://ift.tt/FSyGJ5d
TikTok parent ByteDance's valuation slumps to $223.5 billion in stock buyback: report
Chinese company ByteDance is reportedly buying back shares from its U.S. employees at a valuation of $223.5 billion, down 26% from the previous year. The company aims to purchase at least $300 million worth of stock from current and former employees. This comes as the private investment market experiences a decline in valuations due to the waning effects of the pandemic-era exuberance.
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from Tech-Economic Times https://ift.tt/O9LS1C4
NeoGrowth evaluates strategic deal as business becomes profitable
The Mumbai-based NBFC has reported a net profit in the last fiscal after two years of losses, now its stakeholders are evaluating if they can exit on a high.
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from Tech-Economic Times https://ift.tt/JWBx8fh
Elon Musk's X hit with trademark lawsuit from marketing agency
The lawsuit by X Social Media claims that X Corp, which owner Elon Musk began rebranding to X from Twitter in July, was likely to cause consumer confusion.
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from Tech-Economic Times https://ift.tt/SbVNAW7
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