Netflix said on Thursday it will ask customers who have not watched anything on its platform for a year whether they want to keep their membership and automatically cancel the subscription if they don’t receive any confirmation. The streaming service said it will also reach out to customers who haven’t streamed anything in more than […]
Amazon’s first major video game is here after several false starts
By Priya Anand and Olga Kharif Amazon faces a crucial test on Wednesday with the release of its first original big-budget video game. The reception from homebound gamers will signal whether the company can become a force in a $159-billion global industry dominated by the likes of Microsoft and Activision Blizzard. Crucible is a free-to-play […]
TikTok owner is world’s most valuable startup at over $100 billion in private markets
Illustration: Rahul Awasthi By Lulu Yilun Chen, Vinicy Chan, Katie Roof and Zheping Huang ByteDance’s valuation has risen at least a third to more than $100 billion in recent private share transactions, people familiar with the matter said, reflecting expectations the owner of video phenom TikTok will keep pulling in advertisers. Stock in the world’s […]
ETtech Top 5: Home delivery of booze, Amazon’s food ordering biz, making money online
Happy Thursday! India has the lowest density of liquor shops in the non-Islamic world. And when the government decided to reopen liquor vends following a 40-day shutdown, there was chaos, to say the least. Liquor retail outlets across the country have always attracted massive crowds. Before India went into lockdown, a few companies that had […]
Amazon launches food delivery service in India
Illustration: Rahul Awasthi Amazon India has launched its food delivery service, Amazon Food, in select pin codes of Bengaluru. The development comes at a time when order volumes for the two largest players in the online food delivery space — Swiggy and Zomato — have hit an all-time low due to the Covid-19 pandemic. The […]
Lawyers say virtual courts not working, urge return to physical mode with distancing
Lawyers, who have been appearing in the Supreme Court’s virtual courts during the nationwide lockdown, say virtual courts were not working except to the extent that they can give interim relief in pressing matters at a time when lawyers and litigants cannot access courts. They are urging that they return to physical courts with adequate […]
Influencers opt for money-making tutorials as virus hits job market
Illustration: Rahul Awasthi Social media influencers are creating content on how to make money online, prompted by queries from people scarred by uncertainty in the jobs market due to the Covid-19 pandemic. These influencers are sharing detailed tutorials on short-term and long-term money-making avenues, including content writing, blogging, gaming, affiliate or referral marketing, participation in […]
Ola lays off 1,400 employees as Covid-19 hits 95% revenue
Ride-hailing service Ola has asked over a quarter of its workforce in India to leave the company, as it joins the swelling ranks of the country’s most valuable startups that are trimming headcount in a bid to combat the economic disruption wrought by Covid-19. Ola has seen revenue drop by 95% in the past two […]
ETtech Top 5: Ola layoffs, New micro VC fund, e-commerce back in business & more
Happy Wednesday! The uncertainty surrounding the Covid-19 pandemic is slowly dawning on Indian startups. Initially, most companies thought that this would be a short-lived crisis and the country would soon be out of the woods. But the way India’s case count has risen over the past few days, the fight to contain the virus outbreak […]
NoBroker to hire more staff, give salary hike
Online real estate search platform NoBroker has decided to hire over 100 people and hike salaries of its existing staff at a time when real estate companies are laying off staff and cutting salaries. The company, which raised funding of $30 million in a Series D round from General Atlantic in April 2020, is witnessing […]