Forget Pegasus, new spyware ‘Hermit’ now being used by governments

Cyber-security researchers have unearthed a new enterprise-grade Android spyware called ‘Hermit’ that is being used by the governments via SMS messages to target high-profile people like business executives, human rights activists, journalists, academics and government officials. The team at cyber-security company Lookout Threat Lab uncovered the ‘surveillanceware’ that was used by the government of Kazakhstan … Read more

Sheryl Sandberg, longtime No. 2 exec at Facebook, steps down

Ms. Sandberg has led Facebook — now Meta’s — advertising business and was responsible for nurturing it from its infancy Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, is stepping down, according to a post on Wednesday on her Facebook page. Ms. Sandberg has served as chief operating officer at the social media … Read more

Tesla, Twitter shares drop as Elon Musk’s legal issues grow

Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk’s electric vehicle company has fared worse, with its stock down almost 16% so far this week … Read more

Saudi Aramco becomes world’s most valuable company

Saudi Aramco on Wednesday dethroned Apple as the world’s most valuable company as surging oil prices drove up shares and tech stocks slumped. The Saudi Arabian national petroleum and natural gas company, billed as the largest oil producing company in the world, was valued at $2.42 trillion based on the price of its shares at … Read more

Elon Musk buys Twitter for $44 billion and will privatize company

Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on social and economic issues to more than 83 million followers. The outspoken Tesla CEO, who is also the world’s wealthiest … Read more

CCI orders to investigate Zomato, Swiggy over neutrality

The order comes months after the National Restaurant Association of India (NRAI) asked the Competition Commission of India (CCI) to investigate the companies for breaching platform neutrality by providing priority to the exclusive contractors. Key points to note – NRAI represents more than 5,00,000 restaurants across India. Other than complaints about platform neutrality, complaint by … Read more

Jio buys significant minority stake into Glance

Jio is investing $200 mn into Glance. Key points to note – Glance, founded in 2019 is a subsidiary of inmobi. Glance has two platforms: Roposo – creator led live entertainment commerce Glance – live entertainment, commerce and gaming on mobile lock screen For it’s investment, Jio willl get about 17% stake in Glance, implying … Read more