The Economic Time
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PayPal pauses stablecoin work amid regulatory scrutiny of crypto
PayPal had hoped to debut the stablecoin, which will be backed one for one by the dollar, in the coming weeks, Bloomberg reported, citing a...
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Facebook parent Meta plan fresh layoffs amid delays in setting team budgets
Earlier this month, Meta announced that it expects its 2023 expenses at between $89 billion and $95 billion, with CEO Mark Zuckerberg calling...
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Expect ecommerce volumes to grow 15-20% in 2023: Delhivery CEO Sahil Barua
While some e-tailers may go through ups and downs based on their respective funding situation, the broad arc of e-commerce remains positive,...
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Ashton Kutcher’s Sound Ventures considers $200 million AI fund
Sound Ventures may target around $200 million for the vehicle, said the person, who asked not to be identified because the information isn’t...
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Amazon, others in talks to acquire Times Internet’s MX Player
It is unclear as to how much the potential bidders are looking to pay for MX Player–where Times Internet acquired a majority stake in 2018.
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Zomato exits 225 smaller cities due to “not very encouraging” performance in recent quarters
The Gurugram-based company on Thursday reported that its consolidated revenue grew 75% to Rs 1,948 crore in the October-December quarter, even...
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Legacy Twitter blue checks to be removed soon: Elon Musk
Elon Musk's statement comes at a time when Twitter has been experimenting with making Twitter Blue a paid subscription as one of the measures to...
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What does Elon Musk's lawyer Alex Spiro say is the secret to winning? A very good question
The 40-year-old Quinn Emanuel Urquhart & Sullivan partner, who also successfully represented Musk at trial in 2019 in a $190 million defamation...
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Tech earnings a mixed bag in Q3 & other big stories this week
Most of the listed tech companies have seen stock valuations halve as investors dumped them in favour of established businesses.
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CEO Deepinder Goyal, CFO Akshant Goyal overseeing functions of those who quit firm: Zomato
The senior-level exits of late have included cofounders like Mohit Gupta and Gunjan Patidar, who was also its chief technology officer.