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GIPHY SALE
Money View hits $900M valuation; how 2022 killed the startup IPO partyMany Indian startups have struggled to remain solvent amid the prolonged funding winter this year, but Money View isn’t one of them. The fi...- Passenger EV sales set to surge in FY24; China’s Covid surge may hit India’s smartphone marketCompanies such as Tata Motors, MG Motor India and Mahindra & Mahindra are set to launch a number of electric passenger vehicles in FY24. Th...
- Swiggy, PayU seeing strong growth, says Prosus; Sebi move jolts fund industryProsus, the Dutch-listed arm of South African technology investor Naspers, said on Wednesday that Swiggy and PayU, its food-delivery and pa...
- Delhivery stock tanks on muted outlook; forensics firms put moonlighters under the microscopeEcommerce logistics player Delhivery says it expects the bounce it saw in shipment volumes from festive-season sales during the second quar...
- Meta accepts UK order to sell Giphy after antitrust battleThe British regulator blocked the deal, valued at a reported $400 million, in November 2021 on concerns that Meta could deny or limit compe...
- Coinbase sacks 8% of India team; UpGrad bags $225 million, bucks edtech trendCoinbase’s share price is down an eye-popping 80% since the start of the year, making bitcoin’s 54% drop look like a minor blip.
- Zomato and Blinkit will soon be one; Myntra plans live-commerce blitzkriegZomato, which owns about 10% of Blinkit, would look to get a foothold in India's buzzy quick commerce segment post the acquisition.
- Paytm’s Raheja QBE deal is off; Navi Finserv to raise Rs 600 cr from bond saleOne97 Communications, the parent company of Paytm, has said its deal to acquire Raheja QBE General Insurance Company Ltd has been terminate...
- Musk sells $4B Tesla shares; Turtlemint nears unicorn valuationMusk said in a tweet that there are "no further TSLA sales planned after today”. He sold 4.4 million shares on Tuesday and Wednesday, accor...
- Musk clarifies his idea of ‘free speech Twitter’; Flipkart cuts friction to attract sellersMusk stated that free expression must be consistent with the law, and that he opposes censorship that goes beyond the law.
- Govt clears stand on Bitcoin; Jack Dorsey said to exit TwitterAs the winter session of Parliament begins, Finance Minister Nirmala Sitharaman said that the government has no proposal to recognise Bitco...
- Good Glamm’s big scoop; Facebook plans name changeA month ago, Good Glamm Group bought out The Moms Co for Rs 500 crore, marking the largest acquisition so far in the buzzy beauty and perso...
- Facebook questions British watchdog's authority to order Giphy saleFacebook in its letter said the UK Competition and Markets Authority's provisional findings had "fundamental errors," and the regulator had...
- Facebook-Giphy deal puts antitrust focus back on stealth M&AThe Facebook-Giphy deal shows how M&As can fall through the cracks. By paying a dividend, Giphy lowered the value of its assets below the t...
- New edtech unicorn; Twitter locks Congress accountsEruditus’ mammoth funding has made it a unicorn, thrice over. Twitter locks Congress accounts days after complying with India IT rules. A b...
- Daft cryptoWe take a closer look at four of the weirdest cryptocurrencies of all time
- HDFC Bank is "too big to fail". Its app, fragileFrom HDFC Bank's app glitches to CCI's potential probe on Amazon and Flipkart and YouTube changing its ad policy, here's a quick look at th...
- A $42-billion jokeWe take a closer look at Dogecoin, a cryptocurrency that started as a joke in 2013 but is currently the world's seventh-largest digital coi...
- Facebook faces US lawsuits that could force sale of Instagram, WhatsAppFacebook becomes the second big tech company to face a major legal challenge this year after the U.S. Justice Department sued Alphabet Inc'...
- Big tech goes on shopping spree, brushing off antitrust scrutinyBig Tech is even buying amid a world economy ravaged by the coronavirus pandemic. While global economic output is expected to shrink by 4.9...
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