Robinhood testing crypto wallet, cryptocurrency transfer features

Robinhood Markets Inc is testing new crypto wallet and cryptocurrency transfer features for its app which would allow customers to send and receive digital currencies such as bitcoin, Bloomberg News reported on Monday. A beta version of its iPhone app showed the company’s work on such features, the report said. There was also a hidden … Read more

Facebook leaders are reportedly worried their service has gotten too big to control: ‘We created the machine and can’t control the machine’

Facebook’s impact on a planet where nearly half the people alive use its product has reportedly become a point of contention among the company’s leadership. A meeting of Facebook leaders in early September focused on “whether Facebook has gotten too big,” and that the general tone was, “We created the machine and we can’t control … Read more

Ola picks banks for $1 billion IPO, may file papers in Oct: Report

Ride-hailing startup Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to people familiar with the matter. The company, backed by SoftBank Group Corp. and Tiger Global Management, has also picked Morgan Stanley for the listing, said the … Read more

freshworks ipo: SaaS startup Freshworks files for US IPO with losses shrinking

Freshworks Inc., one of the country’s best-known software product startups, has kickstarted the process for an initial public offering (IPO) in the United States, buoyed by a surge in customer signups and revenue in recent months. On Friday, the San Mateo-based startup, which was founded in Chennai, filed its application with the US Securities and … Read more

Netflix plans to offer video games in push beyond movies and TV shows

Netflix Inc., marking its first big move beyond TV shows and films, is planning an expansion into video games and has hired a former Electronic Arts Inc. and Facebook Inc. executive to lead the effort. Mike Verdu will join Netflix as vice president of game development, reporting to Chief Operating Officer Greg Peters, the company … Read more

Paytm cut marketing spend more than the competition: Bernstein report

Paytm, whose initial public offering is expected later this year, has cut down its marketing spend as it focuses on building revenue, and competes with PhonePe and Google Pay in the super application (app) space, according to a Bernstein report.   “Within the UPI (unified payments interface) super-apps, PhonePe leads the pack on overall UPI … Read more