About 1,400 Twitter Staff Have Joined Blind Since Elon Musk Took Over

More than 1,400 Twitter employees signed up to Blind in the past month, its co-founder told Insider. About 95% of Twitter’s workforce is now on Blind, Kyum Kim said. Users of the anonymous professional network can only review the company they work for.  Twitter employees have been flocking to Blind, the anonymous professional network, since … Read more

Zomato’s co-founder resigns. High profile exits continue.

Mohit Gupta, the co-founder at Zomato for last 4 and half years has resigned. Reason for Mohit’s exit – no clarity Where is he going – no one knows Is Zomato concerned – atleast not publicly. They didn’t even designate him as a Key Managerial Person (check the company disclosure in the source link). This … Read more

Softbank selling 1/4th of it’s remaining stake in Paytm

As the mandatory lockin period of 1 yr is ending, Softbank has decided to offload 4.5% stake of Paytm through block deal. Prior to this sell, Softbank was the second largest shareholder (after Alibaba group) with 17.5% stake in Paytm. It’s second largest position will continue with 13% balance stake. Softbank has offered to sell … Read more

Beijing E-Town pulls out all the stops to attract top businesses

The Beijing Economic-Technological Development Area, also known as Beijing E-Town, has been ramping up efforts to foster strategically important industrial clusters that represent the latest in the science and technology world. The goal is to build itself into a hub of high-tech industries with international influence. Beijing E-Town saw its gross industrial output value reach … Read more

Banks to hold all $13-billion debt backing Twitter deal, says report

The banks providing $13 billion in financing for Tesla CEO Elon Musk’s acquisition of Twitter have abandoned plans to sell the debt to investors because of uncertainty around the social media company’s fortunes and losses, people familiar with the matter said.   The banks are not planning to syndicate the debt as is typical with … Read more

Unicorns become ‘cockroaches’ as tech funding dries up

For years, becoming a unicorn was the main goal of startups. Now, with venture funding drying up and many young firms’ survival in doubt, another creature is the talk of the town: the cockroach.   Venture capitalists and technology chieftains converged in Singapore in recent weeks to hobnob over a number of high-profile annual conferences, … Read more

Trading App Brings in Williams Sisters As Investors

Tennis icons Venus and Serena Williams have become investors in social trading app Shares. The London-based startup recently closed a $40 million round led by Peter Thiel’s Valar Ventures. Check out the 20-slide pitch deck Shares used to raise its $40 million Series B round. Two of the most iconic tennis players ever Venus and … Read more

Tim Cook on Why Apple Avoids the Term ‘Metaverse,’ Unlike Facebook

Apple CEO Tim Cook discussed AR, VR, and more in a new interview with Dutch media outlet Bright. He said Apple avoids using the term “metaverse” because the average person doesn’t know what it is. The tech giant’s approach is a stark contrast to Mark Zuckerberg’s obsession with the metaverse. Something is loading. Apple CEO … Read more

IRCTC withdraws tender to monetise customer data over privacy concerns

The Indian Railway Catering and Tourism Corporation (IRCTC), due to privacy concerns, withdrew a contentious tender for the employment of a consultant to monetise its passenger and freight customer data, officials said on August 26. The railroads’ ticketing and catering division told Congress leader Shashi Tharoor’s Parliamentary Standing Committee on Information Technology that it was … Read more