Macquarie cuts Paytm target on ‘serious risk of exodus of customers’

Macquarie dramatically cut its 12-month price target on One97 Communications, the parent company of digital payments firm Paytm, citing risks of customers leaving the platform in the wake of heightened regulatory scrutiny. Macquarie, which famously predicted the slump at Paytm before the listing, lowered its target […]

FCC commissioner pushes to investigate Apple’s decision to block Beeper Mini

FCC Commissioner Brendan Carr said Monday that the agency should investigate Apple over the company’s decision to block the Beeper Mini service, which worked on bringing iMessage to Android. Pebble founder Eric Migicovsky’s Beeper launched a new service called Beeper Mini in December, which claimed to […]

African product, global market: Expensya employees cashed out $10M from 2023 acquisition

What’s more rewarding for an angel investor than paper returns in a startup? An acquisition that turns those paper returns into a cash payout while still maintaining shares in the company. “The return after dilution was eight times my investment,” said Selma Ribica in an […]

Amazon Prime Video won’t offer Dolby Vision and Atmos on its ad-supported plan

On January 29, Amazon started inserting ads into the viewing experience of Prime Video subscribers. The company announced the change last year, telling customers that it will start showing “limited advertisements” with its service’s movies and shows so that it could invest “in compelling content […]

President Biden has a meme strategy, and it’s leaning on Dark Brandon

President Joe Biden’s reelection campaign has finally set up shop on TikTok. Despite controversy in Congress over the app, TikTok is an indispensable tool for presidential candidates to reach young voters, experts say. “I wasn’t surprised at all to see that the campaign launched a […]