1
In a first, Facebook shares its most popular posts in Public domain
Facebook on Wednesday took an unprecedented action by sharing for the first time its most popular posts and content in the public domain. This transparency exercise though is currently restricted only to the U.S. Facebook has shared publicly the comprehensive report on the most shared and viewed posts on its own platform. Facebook’s US users can view this report on their respective news feeds. The news report contains information about Facebook’s top 20 viewed content constituting of posts, pages, links and domains. To know more, please click here.
2
One of India’s hottest startup (Postman) has just raised $225 Mn
India’s online API platform Postman on Wednesday announced that it has raised $225 at an eye popping valuation of $5.6 Bn. The post funding valuation of $5.6 Bn has made Postman the most valuable Indian SaaS startup. The latest round was led by its existing investor Insight Partners. Postman boosts high profile clients like Salesforce, PayPal, Microsoft & Stripe.
3
T Mobile officially confirms the massive data breach
After hours of speculations and unconfirmed media reports, T Mobile officially confirmed on Wednesday about the massive data breach. The mobile giant said that the hackers got unauthenticated access to its server and stole the data of nearly 40 million customers. However, the company tried to clam the frayed nerves by claiming that financial details of all its customers are still safe. The stolen data contained information only about customer’s first name, last name, social security numbers so and so forth.
4
Baidu raises $1Bn amid China Tech Crackdown
China’s Google equivalent and tech giant Baidu has raised $1Bn from the U.S. capital market. The Chinese search engine giant used the U.S. dollar sustainability bond to raise the fund. In a normal course, this event would have been passed off as a normal event. But Baidu’s funding event has taken place at a time when China is cracking down heavily on its big tech companies. Companies like Alipay, Alibaba, Tencent are currently facing investigations from China’s regulator for several reasons.
5
Nvidia’s Chip Sales Falters in Q2
Chipmaker Nvidia announced on Wednesday earnings of its second fiscal quarter. Although Nvidia’s earnings comfortably surpassed market and wall street’s expectations, its crypto chip sales faltered. Notably, the Chipmaker had rolled out its crypto chips with lot of fanfare but Q2 report reveals that its chips aren’t getting good response from the market. Nvidia’s crypto chip (CMP) could clock only $266 Mn sales for the month of May as compared to over 400 Mn predicated by the company.