BUSINESS
Musk loses top advertisers on Twitter in a month: Study
According to Media Matters in America, 50 of the top 100 advertisers have spent nearly $2 billion on the platform since 2020, and more than $750 million on advertising in 2022 alone. Furthermore, as of November 21, seven additional advertisers seem to be reducing their advertising on Twitter to almost nothing, in addition to those who appear to have stopped advertising.
Musk reveals Twitter 2.0, says top software aces joining company
Musk, who sacked more than half of Twitter's workforce, said that "world-class software aces are joining Twitter". Sharing some company slides he shared with Twitter employees, the world's richest man said the next-gen Twitter will focus on advertising as entertainment and video. "We're recruiting. User active minutes are at an all time high and monetizable daily active users (mDAUs) have crossed a quarter-billion mark," Musk informed.
This CEO of $4.5 bn digital company 'disgusted' at tech layoffs
Teicke told CNBC he is "a little disgusted by statements like, 'never miss a good crisis' or 'we have to cut the fat'" "These are people that have maybe quit other jobs to join your business. These are people that have maybe moved to other places because of you. These are people that have maybe ended romantic relationships," the Wefox CEO stressed.
ED chargesheets Sameer Mahendru in Delhi excise policy case
The ED charge sheet running over 3,000 pages names businessman Sameer Mahendru. The ED's case is based on an FIR filed by the CBI. On Friday, the CBI filed its first charge sheet in the Delhi excise policy case naming seven accused persons -- Vijay Nair, Abhishek Boinpally, Sameer Mahendru, Arun Ramchandra Pillai, Mootha Gautham, and two public servants -- then Deputy Commissioner in the Excise Department, Kuldeep Singh, and then Assistant Commissioner in the Excise Department, Narender Singh.
From Meta to Zomato, how India's new online review rules will impact industry
The guidelines, prescribing specific responsibilities for the review author and the review administrator, went live on Friday and are now applicable to every online platform which publishes consumer reviews. The new norms have been finalised by the BIS and came into being after the Department of Consumer Affairs received several complaints about fake reviews of products being posted by e-commerce companies.
FCC bans Chinese tech equipment from entering US
The FCC adopted new rules prohibiting communications equipment deemed to "pose an unacceptable risk to national security from being authorised for importation or sale in the US". This is a huge blow to Chinese companies as they can't legally import or sell anything with a radio in the US without the FCC authorisation.
Binance launches proof-of-reserves system for Bitcoin reserves
The company currently has a 101 per cent reserve ratio. This indicates that it has enough BTCs available to cover every user's balance, reports TechCrunch. With the new proof-of-reserves website, the crypto exchange company confirmed that its own money is not included in the BTC wallets used in the proof-of-reserves system.
Thanksgiving Day online sales touch $5.3 billion in US, mobile top choice
According to Adobe Analytics, mobile devices accounted for 55 per cent of all online shopping, up 8.3 per cent from a year ago. "Thanksgiving this year has become an inflection point, where smartphones drove real growth and highlights how much these experiences have improved," said Vivek Pandya, lead analyst, Adobe Digital Insights. Consumers spent $72.2 billion online in October, 10.9 per cent more than they did in the month prior.
Paytm Payments Services Ltd to resubmit application for authorisation to provide payment aggregator service
The company said that it has received a letter from the RBI in response to an application from PPSL for the authorisation to provide payment aggregator services ("PA application") for online merchants. The company can now resubmit the application within 120 calendar days for the payment aggregator services.
Pre-2021 US currency valid even after 2023, Facebook posts proved false
"US dollar notes below year 2021 will not be acceptable from January 2023 -- US government -- something is fishy," reads the November 5 FB post that was shared more than 200 times in less than two weeks, USA today reported, saying that other versions of the claim amassed hundreds of additional shares on the social media platform.
Don't Miss
Advertisement