The Reserve Bank of India issued new curbs against Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, prohibiting it from any banking service, including fund transfers, UPI transactions, accepting deposits, credit transactions and top-ups in customer accounts, prepaid instruments and wallets after […]
Month: January 2024
Elon Musk’s $56B Tesla pay deal is unfair, judge rules
A Delaware judge ruled Tuesday that Elon Musk’s $56 billion multi-billion pay package is unfair, voiding the largest in compensation deal in corporate history. The decision, issued Tuesday in the Delaware Court of Chancery by Judge Kathaleen McCormick, means that Musk, the world’s richest person, […]
Ofcom report finds 1 in 5 harmful content search results were ‘one-click gateways’ to more toxicity
Move over, TikTok. Ofcom, the U.K. regulator enforcing the now official Online Safety Act, is gearing up to size up an even bigger target: search engines like Google and Bing and the role that they play in presenting self-injury, suicide and other harmful content at […]
Universal Music threatens to pull songs from TikTok over payment terms
Universal Music Group (UMG) is threatening to pull all of its music from TikTok today following a breakdown in negotiations over royalties, the company wrote in an open letter. That would mean TikTok creators would lose access to songs from stars including Taylor Swift, Billy […]
Wattpad, a storytelling platform, conducts another layoff round
Wattpad, a Toronto-based storytelling platform owned by Naver’s Webtoon Entertainment, conducted another round of layoffs earlier this month. Wattpad has cut around 30 jobs, or roughly 15% of its workforce, a source familiar with the situation told TechCrunch. According to local media outlets, including The Korea […]
Sundar Pichai says Google One cloud storage service has nearly 100M subscribers
Google CEO Sudar Pichai said that the company’s Google One cloud storage service is ” just about to cross” 100 million subscribers. Speaking during Alphabet’s Q4 2023 earning call, Pichai added that the company is looking to add more AI-powered features to the Google One […]
Universal Music Group plans to pull song catalog from TikTok
Universal Music Group (UMG), the label representing artists including Taylor Swift, Billie Eilish, and Ariana Grande, says that it’ll pull its music from TikTok tomorrow at midnight after failing to reach a deal with the platform’s parent company, ByteDance, over royalties. UMG won’t seek to […]
India’s central bank slaps Paytm with new curbs
The Reserve Bank of India issued new curbs against Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, prohibiting it from any banking service, including fund transfers, UPI transactions, accepting deposits, credit transactions and top-ups in customer accounts, prepaid instruments and wallets after […]
Accel eyes new India fashion e-commerce bet with Newme
Accel, an early investor in Indian e-commerce giants Flipkart and Myntra, is preparing a new fashion e-commerce bet in India even as competition intensifies with the recent expansion of Mukesh Ambani’s Ajio platform. Accel is in advanced talks to lead a $15-20 million funding round […]
Elon Musk’s $56 billion Tesla pay package has been tossed out by the court
In 2018, Tesla awarded Elon Musk a $56 billion pay package that helped propel him to the top of world’s richest lists. Now, a judge in Delaware has rendered the deal between the company and the CEO to be invalid and called the compensation an […]