Here are the top trending news from the world of technology
1)
Instagram head Adam Mosseri to test before Congress for the first time
Instagram’s CEO Adam Mosseri will be testifying congress in the first week of December. This will be the first time that Instagram’s CEO will be testifying in front of U.S. lawmakers. The development assumes importance given the increasing scrutiny that Facebook off late. Following the leaking of internal documents, Instagram was especially accused of putting the teenage population under depression (Click here).
2)
Elon Musk sells off another $1Bn Tesla stocks
Tesla’s CEO Elon Musk has sold off another $1.05 Bn stocks of the electric vehicle company. This adds up to the nearly $6.9 Bn stocks that he sold off nearly two week ago. The talismanic entrepreneur has sold off almost $9.8 Bn Tesla stocks this month. According to reports, Musk still owns more than 162 Mn shares in the company (Click here).
3)
Spotify tests TikTok like feature on its platform
For several months many popular platforms like Instagram and Youtube have been trying very hard to replicate TikTok like feature. Now Spotify has become the latest platform to join this list. In a bid to replicate the TikTok clone feature, the streaming giant has been reportedly busy testing vertical feed of musical videos that users can easily scroll to find something they like (Click here)
4)
Apple sues Israeli spyware firm NSO Group
Apple has filed a lawsuit against Israeli spyware firm NSO Group for allegedly targeting iPhone users with a hacking software. Apple has categorically mentioned that iPhone users were one of the main targets of the Israeli spyware firm. The NSO Group has become notorious for its spying software Pegasus (Click here)
5)
Coinbase acquihires crypto wallet startup BRD
Coinbase, America’s largest cryptocurrency exchange, has acquihired crypto wallet startup BRD. Having launched its mobile wallet in 2014, today BRD claims that it has nearly 10 Mn users on its platform. BRD is a well-funded startup, having raised total $55 Mn in total funding amount till date (Click here).