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In 2013, Jay-Z invested about $2 million in Uber; 6 years later, his stake was estimated to be worth around $70 millionGrammy-winning rapper JAY-Z built a vast empire beyond music. His early $2 million Uber investment grew significantly in value. He also fou...- Rapido faces Rs 10 lakh penalty over ‘pay more, get a ride’ prompts, dark patterns in appThe Central Consumer Protection Authority fined Rapido Rs 10 lakh for misleading interface designs. Rapido used dark patterns like 'Confirm...
- Amazon, Flipkart's multi-front war; India set for more GCCsHappy Wednesday! Amazon and Flipkart have broadened their bets as quick commerce platforms chip away at their share of user base. This and ...
- Chandigarh suspends Uber, Rapido licences for 6 months over policy violationsChandigarh's State Transport Authority suspended Uber and Rapido licenses for six months. This action resulted from their failure to comply...
- Rentomojo’s valuation jump; SoftBank’s Meesho windfallRentomojo is expected to go public at a valuation nearly five times higher than its previous private market round. This and more in today's...
- Nitin Gadkari says private two-wheeler owners allowed to operate bike taxis, asks states to permit themUnion Road Transport Minister Nitin Gadkari has urged state governments to allow bike taxis for private two-wheeler owners, saying the move...
- As Uber cuts 3,000 jobs, an ex-employee reaches out to those impacted with referrals, job openings and hopeFormer Uber employee Kim Wilkes offered support to workers affected by the company’s latest layoffs. She said she was willing to make intro...
- Not anger or regret: Days after celebrating 4 years at Uber, employee gets laid off, chooses hope for heartbreakUber employee Gabbe L shared that she was laid off just days after celebrating her four-year work anniversary on August 29, following the e...
- Uber Layoffs: CEO Dara Khosrowshahi Says “This wasn’t a decision we made lightly” as company cuts 3,300 jobs globallyIn a bold move, Uber is set to cut its workforce by roughly ten percent, affecting around 3,300 staff members. This decision is part of a l...
- Uber to cut 3,300 jobs in company overhaul to reduce management layersChief Executive Officer Dara Khosrowshahi announced the changes in an email obtained by Bloomberg News, saying that Uber’s growth in recent...
- Block deals test valuations; gig platforms quit welfare boardHappy Friday! Block deals are putting startups’ private valuations to the test. This and more in today’s ETtech Morning Dispatch.
- Rapido, Uber, Ola down across several Indian citiesSeveral ride hailing apps, including Ola, Uber and Rapido, faced significant disruptions across major Indian cities on Thursday. Users repo...
- Nancy Guthrie’s daughter behind her abduction? Ex-FBI agent breaks silence on speculative theories as search efforts to find Savannah Guthrie’s mother continueNancy Guthrie, aged 84, has mysteriously disappeared from her Tucson residence, sparking fears she may have been kidnapped for ransom. Auth...
- In the age of dating apps, basic decency is apparently a green flagModern dating apps facilitate casual and impersonal rejections, which is a concerning trend. This ease of disconnection leads to a decline ...
- AI Circus simplifies the world of AI: Like Amazon to shopping - Uber to car travelWith AI evolving at an unprecedented rate, navigating the available resources can be daunting for everyday users and businesses alike. AI C...
- Ola Electric Q1 loss narrows; Swiggy makes amendsOla Electric posted an improved June-quarter performance as deliveries picked up. This and more in today's ETtech Top 5.
- Why US markets are rising: S&P 500, Dow hit record highs as Mideast hopes offset SpaceX, AMD dragMajor Wall Street indexes opened higher on Wednesday morning. Hopes for Middle East peace offset declines in SpaceX and AMD shares. These c...
- MFs push back on Zepto valuation; PEs take AI betsHappy Monday! Zepto's IPO pricing expectation has run into resistance from top mutual funds. This and more in today's ETtech Morning Dispat...
- Infosys’ next CEO; Swiggy renews Indian-ownership bidInfosys announced on Thursday that company veteran Ashiss Kumar Dash will be the CEO from April 2027. This and more in today’s ETtech Top 5.
- A look at billionaire Adani's businesses as he weighs starting an airlineGautam Adani's conglomerate is exploring a new airline venture. The group already operates eight airports across India. Adani Ports manages...
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