Share this story “The Man Who Knew Nothing About Risk” Illustration by Laura Normand / The Verge Okay, so last week we talked about the cratering ad revenue on Twitter, and then, just after I published, another major ad agency paused Twitter spending. But I wrote last week’s column to tee up the thing I… Continue reading Can Elon Musk turn Twitter into an ‘everything app?’
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Tesla expands Supercharger access to non-Tesla EVs in Italy, now covers most of Europe
Tesla has expanded to Italy its pilot program to give Supercharger access to non-Tesla electric vehicles. It now covers most of Europe. Over the last year, we have been reporting on Tesla ramping up its effort to open the Supercharger network, its extensive global network of fast-charging stations, to electric vehicles from other automakers. In November 2021,… Continue reading Tesla expands Supercharger access to non-Tesla EVs in Italy, now covers most of Europe
TPG Capital said to have sold $123m Nykaa shares just days after lock-in expiredAs on September 30, the private equity firm held a 2.28% stake in the …
TPG Capital has likely offloaded shares worth $123 million (Rs. 1,000 crore) in Nykaa, days after the lock-in expiry for pre-IPO investors in the online fashion and cosmetics retailer ended. According to media reports, TPG Capital is likely to sell the shares at Rs 184.55, a 0.6% discount to Thursday’s closing price of Rs 185.60.… Continue reading TPG Capital said to have sold $123m Nykaa shares just days after lock-in expiredAs on September 30, the private equity firm held a 2.28% stake in the …
India Digest: Lenskart raises $40m, Kapiva to raise over $24m
Lenskart has raised $39.6 million from Chiratae Ventures, DSP India Fund, and Axis Growth Avenues AIF-I, in its fifth funding round this year, according to Inc42. Separately, Entrackr reported that D2C ayurvedic nutrition brand Kapiva is in late-stage talks to raise over $24 million (Rs 200 crore) from OrbiMed. Lenskart said to have raised $40m… Continue reading India Digest: Lenskart raises $40m, Kapiva to raise over $24m
Hundreds of Twitter employees said to be quitting after Elon Musk’s ultimatum
Hundreds of Twitter employees are estimated to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that staffers sign up for “long hours at high intensity,” or leave. In a poll on the workplace app Blind, which verifies employees through their work email addresses and allows them to share… Continue reading Hundreds of Twitter employees said to be quitting after Elon Musk’s ultimatum
FCC orders ISPs to display labels clearly showing speeds and itemized fees
Internet service providers (ISP) will soon have to be a lot more transparent with what their plans come with and how much they truly cost. The Federal Communications Commission (FCC) has introduced new rules that will require ISPs to display easy-to-read-and-understand labels that show key facts about their products at the point of sale. These… Continue reading FCC orders ISPs to display labels clearly showing speeds and itemized fees
GoTo confirms it is laying off 1,300 employees, or 12% of the workforce
The IDX-listed Indonesian tech giant GoTo has announced it will let go of 1,300 people or 12% of the group’s workforce. The decision, the company said, is needed to ensure its “long-term stability and sustainability”. In a town hall meeting on Friday, GoTo’s CEO Andre Soelistyo told staffers that global macroeconomic conditions are having a… Continue reading GoTo confirms it is laying off 1,300 employees, or 12% of the workforce
Amazon to continue layoffs in the New Year
Amazon.com Inc said on Thursday there would be more role reductions as its annual planning process extends into next year and leaders continue to make adjustments. “Those decisions will be shared with impacted employees and organizations early in 2023”, said Andy Jassy, who became the company’s Chief Executive Officer in 2021, in a letter to… Continue reading Amazon to continue layoffs in the New Year
Dongfeng Motor Group’s EV brand Voyah raises $639m at over $4b valuation
Voyah, a premium electric vehicle brand under China’s auto giant Dongfeng Motor Group has notched 4.55 billion yuan ($638.5 million) in a Series A round, Chinese financial media outlet Yicai reported on Thursday. The round has brought the company’s valuation to 29.5 billion yuan ($4.1 billion), per the report. Mixed Ownership Reform Fund, a national… Continue reading Dongfeng Motor Group’s EV brand Voyah raises $639m at over $4b valuation
IFC proposes $40m investment in Chinese animal feed producer Anyou
The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of up to 260 million yuan (approximately $40 million) in China’s animal feed producer Anyou Biotechnology Group Co., Ltd, (Anyou), according to a disclosure. The investment, a long-term A loan, will be used for Anyou’s project to expand its… Continue reading IFC proposes $40m investment in Chinese animal feed producer Anyou