Facebook has struck a global licensing deal with Saregama to bolster the library of its music products across its flagship social networking platform and Instagram. While the terms of the deal were not disclosed, this partnership will allow users to add the label’s music across various formats like videos, stories via music stickers, and other […]
Archives for June 2020
WhatsApp, PayPal invest in Indonesian payments and ride-hailing firm Gojek
Facebook’s messaging platform WhatsApp and PayPal said on Wednesday they had invested in Indonesian payments and ride-hailing firm Gojek as part of its ongoing fundraising round. WhatsApp and PayPal did not mention how much money it was investing in Go-Jek or how big a stake it would acquire. WhatsApp Chief Operations Officer Matt Idema said […]
After Facebook staff walkout, Zuckerberg defends no action on Trump posts
Facebook CEO Mark Zuckerberg told employees on Tuesday that he stood by his decision not to challenge inflammatory posts by U.S. President Donald Trump, refusing to give ground a day after staff members staged a rare public protest. A group of Facebook employees – nearly all of them working at home due to the coronavirus […]
Zoom booms as pandemic drives millions to its video conferencing service
Zoom is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagues, friends and family while tethered to their homes during the pandemic. Tuesday’s release of the once-obscure company’s financial results for the February-April period provided a window into the astronomical growth that has turned […]
Lending apps turn nightmare for borrowers
Pravin Kalaiselvan, owner of a travel company, was in for a shock on March 25, two days after the lockdown first began, when his father allegedly received a call from a collection agent from Cashbean, a payday loan app, claiming that his son was a defaulter. Kalaiselvan had borrowed Rs 15,000 from the loan app […]
Flipkart investor’s stake sale a bid to avoid tax: Authority of Advance Ruling
The Authority of Advance Ruling (AAR) has said a Rs 14,500-crore transaction in 2018 where a private equity investor sold its stake in Flipkart to US retail major Walmart was prima facie designed to avoid tax. The AAR Mumbai bench’s decision means other investments that were routed through Mauritius too could come under the scrutiny […]
Dr. Anthony Fauci says there’s a chance coronavirus vaccine may not provide immunity for very long
Dr. Anthony Fauci (R), director of the National Institute of Allergy and Infectious Diseases, participates in the daily coronavirus task force briefing at the White House on April 22, 2020 in Washington, DC. Drew Angerer | Getty Images White House health advisor Dr. Anthony Fauci said he worries about the “durability” of a potential coronavirus […]
Equities cruise to three-month highs, dollar under protest pressure
NEW YORK (Reuters) – World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades. Despite those gains, investors were hesitant to move away from the perceived […]
Anti-China social media rhetoric unlikely to sway buyers
Online and offline retailers say the growing rhetoric on social media to boycott Chinese goods is unlikely to sway consumer behaviour. However, that isn’t stopping leading online marketplaces Flipkart and Amazon from promoting ‘Made in India’ products. Sellers told ET that the tight-fisted consumer does not have much choice when it comes to buying a […]
#boycottChinamobiles may be a nonstarter
Online and offline retailers say the growing rhetoric on social media to boycott Chinese goods is unlikely to sway consumer behaviour. However, that isn’t stopping leading online marketplaces Flipkart and Amazon from promoting ‘Made in India’ products. Sellers told ET that the tight-fisted consumer does not have much choice when it comes to buying a […]