Here are top trending news from the world of technology. News that we feel every tech enthusiast should keep a tab on..
1)
Google to Slowdown Hiring for rest of the Year
After Microsoft, it is now Google’s turn to officially announce that it will slowdown fresh hiring for the rest of the year. This was announced by Google’s very own CEO Sundar Pichai in a special memo sent to all the company’s employees. Pichai also said that Google needs to go behind its goals with greater urgency and sharper focus. Due to the ongoing economic downturn, almost all big tech companies including Apple and Meta have announced that they won’t aggressively hire for the rest of the year. In fact, unconfirmed media reports are now claiming that Meta has already started preparing ground for layoffs.
2)
Twitter sues Elon Musk for Terminating $44Bn Buyout Deal
As was expected, Twitter and Elon Musk battle has now reached the U.S. court. The microblogging platform has sued the tech billionaire, arguing that Musk’s decision to abruptly walk out from the Twitter deal is an act of complete hypocrisy. Musk, on other hand, has argued Twitter is not coming clean on the issue of fake accounts and hence he had no option but to walk out from the deal. The outcome of this legal spate is not expected anytime soon and this case may drag for almost a year. But if Musk eventually loses the high-profile case then he has to pay a hefty compensation to Twitter.
3)
Ola’s Subsidiary company Ola Money Penalized by RBI
Ride haling major Ola’s financial arm Ola Money has been panelized for over Rs 1 crore by India’s central bank RBI. RBI has imposed the fine on Ola’s subsidiary firm for violating the KYC norms. For all those who don’t know, Ola Money has also been trying to get a NBFC license from RBI but until now the Central Bank has refused to issue the NBFC license to the company. By the way, last week Ola was in news from sacking nearly 500 employees from across the different verticals. The ride hailing major, which is also preparing for its IPO, has been recently in news for spate of exit of several top executives.
4)
Uber Bribed Russia’s Top politician to gain market share in Russia
Uber’s whistleblower scandal is revealing many damaging information against the ride-hailing major. According to the latest revelation disclosed in U. K’s newspaper The Guardian, Uber paid a $3,00,000 bribe to Russia’s top politician for gaining influence in the Russian market. Interestingly, this politician was supposedly very close to Russian president Vladmir Putin. Uber has also been accused of indulging in similar malpractices in the Indian market as well. According to The Guardian report, the U.S. based ride hailing major also lobbied very hard with top Indian politicians to gain market domination in the Indian market.
5)
Donald Trump & Elon Musk enter in nasty war of words
U.S. President Donald Trump and tech billionaire Elon Musk got into ugly verbal spat recently. Musk on Monday tweeted that Trump should hang up his ‘hat and sail into the sunset.’ This sarcastic jibe was in response to Trump’s recent nasty comment wherein called Musk as “another bullshit artist.” The former U.S. president also said that he always knew that Musk would never buy Twitter. Trump further added that the Tesla boss had got into a bad mess by entering into a contract to buy Twitter for $44 Bn.