1)
Virgin Hyperloop lays off employees (abandons passenger transport plan)
In unexpected and sad turn of events, Virgin Hyperloop has completely given up on the plan of mass transporting passengers and will now focus only on cargo freight, according to Financial Times. Virgin Hyperloop’s decision to abandon mass passenger transportation plan has coincided with its decision to lay off nearly 111 employees. The laid off employees told Financial Times that they weren’t expecting to be laid off. Since its inception, Richard Branson’s company has been developing a vacuum-tube system that could carry both passengers as well as cargo (Read more)
2)
Facebook Reel is now available globally, with more ads & editing features
Meta is launching the Facebook Reel, ,Meta’s alternative to Tik-Tok, on a global scale. Facebook Reel will be now available to more than 150 countries. Alongside the global roll out, the social media platform is also bringing the new editing and monetization tools for creators. When Meta launched Facebook Reel in last year September, it was available only in the U.S. and 50 other countries. Meta had initially rolled out the short video format only on Instagram. However, in order to give more competition to TikTok, Meta later introduced the service on Facebook (Read more)
3)
Slack is back online after outage problem
Business communication platform Slack, which is now owned by Salesforce, faced a brief outage on Tuesday, affecting scores of businesses across the board. The outage was widespread as many users took to Twitter to complain that they are facing problems while accessing Slack. After few hours of outage, Slack wrote on its Twitter handle that its back online and anyone still having problem in accessing the app should refresh the app (Read more)
4)
Reddit rolls out new visual editing tools
Reddit has launched new visual editing tools to make visuals look more rich and attractive before they are finally posted by the users. Reports claim that these new editing features are actually layover from Dubsmash, which Reddit had acquired in December 2020. The reports further claimed that Reddit will initially rollout these video editing tools on only IOS and will later launch it on android app (Read more)
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Stock of Trump’s SPAC company are sharply going up
The stock price of the Digital World, which plans to acquire Trump’s company that oversees Truth Social app, rose quite dramatically on Tuesday. The stock price of Digital World rose 5.9% to finish the day at $89.31 and rose as high to $99 during the intraday trading. The investors certainly reacted favorably to the impressive launch of Donald Trump’s app Truth Social, which clocked no 1 position on the Apple App store (Read more)