Here are the top trending stories from the world of technology. Stories that we feel every industry 1) SoftBank writes down $100 Mn investment in the Bankrupt FTX The stunning collapse of FTX is causing a huge meltdown moment not only for the crypto industry but also for its investors. Many are calling FTX’s shocking bankruptcy as the Lehman Brother moment for the nascent crypto industry. Japanese VC & telecom giant SoftBank, one of the prominent investors in FTX, has now announced that it will completely write off its $100 Mn investment in the crypto exchange industry.…
Author: Girish Shetti
Here are the top trending news from the world of technology. News that we feel every tech enthusiast should keep a tab on. 1) Twitter lays off thousands of contract employees without notice The chaotic mass layoff at Twitter continues. After laying off nearly 50% employees at the microblogging company, Elon Musk has now turned the heat on the contract employees. According to media reports, since the last weekend the microblogging company has started laying off contractual employees in great numbers. And as it was the case with full-time employees, Twitter has reportedly laid off contractual employees without proper…
Here are the top trending stories from the world of technology. News that we feel every tech enthusiast should keep a tab on. 1) Twitter sued as Elon Musk Starts Mass lay offs Microblogging company Twitter has been sued for laying off employees on a mass scale, according to Bloomberg. Bloomberg has claimed in its report that sacked Twitter employees have filed a class action lawsuit in San Francisco Federal court. The law suit alleges that mass layoffs that has been allegedly carried out without serving proper notice to the employees. A scene of chaos and paranoia has taken over…
Here are the top trending stories from the world of technologies. Stories that we feel that you keep a tab on. 1) Elon Musk claims Those Banned will not be allowed (until) Elon Musk, who now officially owns Twitter, has made a big statement over banned Twitter accounts. Musk has said that Twitter won’t reinstate the accounts of the banned accounts unless the company makes a clear and non-negotiable process. He further added that it will take few more weeks to make such a process. This is a big statement as rumours have been swelling over the last few days…
Here are the top trending stories from the world of technology. News that we feel every tech enthusiast should keep a tab on. 1) It’s official: Elon Musk has ordered Mass Layoff at Twitter Now that Elon Musk finally owns Twitter, he seems to have taken the first big decision. And the decision seems to be a pretty unpleasant one, at least, for the Twitter employees. Musk has reportedly asked managers to prepare a list of possible employees who ought to be laid off in the coming months. According to reports, the tech billionaire is planning to lay off nearly…
Here are the top trending stories from the world of technology. Stories that we feel every tech enthusiast should keep a tab on. 1) Meta says Metaverse will lose even more money in 2023 Meta, which has been facing wrath of its investors for spending exuberantly on Metaverse, has said that Metaverse’s operational cost won’t reduce in 2023 as well. The Reality Lab, which oversees the metaverse pivot, has so far spent $9Bn in 2022 as compared to $10Bn spent in 2021. Talking about Metaverse’s operational cost for the next year, Meta has hinted that the cost might surpass the…
Here are the top trending stories from the world of technology. News that we feel every tech enthusiast should keep a tab on. 1) Elon Musk may close Twitter Deal by this Friday By all means, Elon Musk may finally close its highly contentious Twitter deal by next 48 hours. This move will be seen as Musk’s most decisive attempt to comply with the Delaware Court’s final deadline to close the Twitter deal by this weekend. According to media reports, Twitter’s other equity investors including Sequoia Capital, Binance, Qatar Investment Authority and others have already received requisite financial commitment from…
Here are top trending stories from the world of technology. Stories that we feel every tech enthusiast should keep a tab on. 1) WhatsApp service restored after two hour outage Services of the Instant messaging app WhatsApp has been fully restored after the app witnessed probably its biggest ever downtime in its entire history. The two hour outage that started during early hours on Tuesday affected users across the world. WhatsApp users complained on Twitter that they were finding it difficult in sending or receiving messages. Meta, the parent company of WhatsApp, also confirmed the outage and said that the…
Here are the top trending stories from the world of technology. Stories that we feel every tech enthusiast should keep a tab on. 1) Taylor Swift’s new album caused Spotify to Crash? On Friday thousands of people across New York and other parts of the world were facing problems in accessing the Spotify app. And the person responsible for this is Taylor Swift or rather it is apt to say that it is Swift’s new album Midnight that sent Spotify crashing down. According to media reports, the Spotify app users started reporting complains about outage just minutes after Swift’s new…
Here are the top trending stories from the world of technology. Stories that we feel every tech enthusiast should keep a tab on. 1) Elon Musk is planning a massive lay off at Twitter If the tech billionaire Elon Musk has its way then a massive lay off is all but evitable at Twitter. This is obviously subjected to the fact that the Musk will have to complete the Twitter deal, with both parties currently locked in a high profile legal battle. But if Twitter’s ownership does fall in the hands of Musk then nearly 75% of the company’s employees…
Here are the top trending news from the world of technology. News that we feel every tech enthusiast should keep a tab on. 1) Kanye West acquires controversial rightwing social media platform Parler Rap singer Kanye West has acquired social media platform Parler, which is known for supporting right wing and conservative ideology. The financial terms of the deal has not been disclosed. This news has come barely days after Kanye West’s twitter and Instagram accounts were suspended for making antisemitic comments. Parler was one of the few social media platforms whose prominence grew dramatically during the era of Donald…
Here are the top trending stories from the world of technology. News that we feel every tech enthusiast should keep tab on. 1) Elon Musk says SpaceX will endure financial loss for sake of Ukraine Last week, Elon Musk tweeted that Starlink will continue to provide terminal access to the war ravaged Ukraine despite facing heavy losses. This tweet was preceded by another of Musk’s tweet on Friday that said Starlink cannot provide internet services in Ukraine due to huge cost involved in it. According to reports, the tech billionaire has even written a letter to Pentagon requesting it to…