Regulatory probe finds faulty battery cells and modules likely cause of e-scooter fires: Report
Govt’s initial assessment says faulty battery cells and modules were most likely behind scooters from Ola, Okinawa and others catching fire on their own.
Meta adopts hiring freeze to cut costs as revenue growth slows
The ones who hold positions in Meta as of now reportedly do not need to be worried, as Meta has not yet announced any plans for layoffs in the near future.
Microsoft enters into “Epic” partnership that will bring Fortnite as first F2P game in Xbox Cloud Gaming
Excited to get your hands on Fortnite once again? All you need is a Microsoft account and one of the devices mentioned above, no installation or prior memberships are needed.
a16z joins Sequoia, Binance, Oracle’s Elison and others in backing Elon Musk’s $44Bn Twitter Bid
Interestingly, despite rumours and ‘internal sources’, no PE firm has come up to back any portion of Elon Musk’s bid, at least as per the latest amended 13D filing.
Shopify to acquire logistics company Deliverr for $2.1Bn in cash & stock deal
The five-year-old Deliverr, founded by former Symphony Commerce colleagues Harish Abbott and Michael Krakaris, has raised over $490 million in capital so far.
Crypto Investment platform Koinbasket raises $2Mn in pre-seed round
Koinbasket maintains integration with multiple exchanges across the globe in order to provide its current userbase of 15 million, comprehensive data to select a set of cryptocurrencies out of the thousands available in the market.
FREED lands $2.8Mn from Inflection Point & others to help consumers eliminate large, unsecured debts
With the growth in retail credit, mounting NPAs and low recovery rates on late-stage delinquencies, FREED is attempting to solve a $15 billion NPA problem.
Elon Musk could make Twitter public again, in a few years: WSJ report
Elon’s intentions point to the classic practice of private equity firms. They takeover companies with high potential, facing problems within, and try to clean it up before taking it back to public trading.
Twitter starts testing ‘Circle’, will let you share tweets with up to 150 users in a closed group
If you are the member of a Twitter Circle, then you cannot leave until the creator of the same removes you. You can, however, choose to mute the conversation.
Insurance behemoth LIC’s IPO, India’s largest, to open today
Around 15.81 lakh LIC shares have been reserved for employees and around 2.21 crore shares are reserved for policyholders. The same get a discount of ₹45 and ₹60 respectively should they apply for the public issue.
a16z on pace to invest $500 Mn in Indian Startups: Report
a16z will be noticing familiar venture capital competitors already boasting of a dominant presence in the Indian start-up land. Accel, Lightspeed, Sequoia and Softbank have made significant moves in the Indian market.
Google will now let you remove personal contact data from its search results
Once you have submitted the removal request, you will receive an automated email confirmation, and Google will review your request and gather more information if needed.
