Bounce to launch its own electric scooter; Government sets new rules for social media, OTT
+ Twitter announces its first paid product; plans to double its income by 2023
Hey!
Welcome to a fresh edition of NextBigWhat’s newsletter, which brings you all the important headlines from the tech and business space.
If you like what you are seeing, press the *heart* button!
#ShortNewsOverChai
Bounce to launch its own electric scooter called Bounce-E in the Indian markets
The e-scooter can be rented on-demand using the Bounce app.
Government sets new rules for social media, OTT; wants them to self-classify their contents based on age suitability
This move is to curb the misuse and abuse of content on the platforms. Get more details here.
Centre opposes same-sex marriage in Delhi HC, calls it “unethical against Indian family unit concept”
Centre stated that only a man and a woman can make a family.
Report: Airtel added the highest number of subscribers in 2020 due to better network quality
Vodafone-Idea, among others, has been losing subscribers since the start of 2020.
“Disconnection between financial markets and the real economy is a global phenomenon,” SEBI chief in response to RBI
He said a defining trend in FY21 has been the direct retail play in the markets.
SEBI to soon issue guidelines aimed at transparency and accountability from listed entities in the ESG arena
Mainly focused on environmental, social, and corporate governance space.
Twitter announces its first paid product, lets users subscribe to creators in exchange for subscriber-only newsletters
Twitter also introduces Communities to compete with Facebook.
Twitter introduces “Super Follows” that allows users to charge followers and provide them access to extra content
This way, creators and publishers get paid directly by their fans.
Twitter plans to double its income from $3.7 billion in 2020 to $7.5 billion or more in 2023
Daily Active Users projected at 315 million by the end of 2023.
Highlight:
Amazon’s business goals are in line with govt’s priorities of digital empowerment and inclusion: Amazon’s India head
Amazon is also committed to empowering small sellers on its platform.
#Dhandha Corner
Zomato hikes salaries of its delivery partners amid rising fuel prices
The new structure has been already implemented in 40 cities.
Carl Pei’s Nothing appoints Manu Sharma as its Vice President and General Manager of India’s operations
Sharma had previously worked with Samsung Mobiles in India.
TikTok to pay $92 mn to settle a lawsuit; Lawsuit says TikTok allegedly passed private user data on to third parties
The $92 million will be used to compensate TikTok users.se $400 million to $500 million on the Nasdaq listing.
Some #GoodReads
The Beer Biceps story: How the video content creator built a 7 Million+ strong Community on social media in 5 years!
“How I built a 7 Million+ strong COMMUNITY on social media in 5 years!”
How a small-town villager tackled the odds to create a smash-hit product!
“I come from a small village in Bihar, lost my father at the age of 3 and then raised by my Mom...”
“Our startup is low on cash...” How can startups survive the valley of death experience?
“We need to raise to stay afloat.. surely current investors will protect their investment... surely we can raise...”
More #GlobalTechNews
Elon Musk’s EV factory in Fremont, US, restarts again after it was shut for two days due to “parts shortage”
Lately, the auto industry has been facing a global semiconductors shortage.
iPad production in India a step closer as Government approved PLI plan
The production-linked incentive plan is aimed at manufacturing tablets and computing equipment.
PNB scam: London court orders extradition; Nirav Modi to face fraud, money laundering charges once he extradited to India
The judge stated that Nirav Modi had conspired to destroy evidence and intimidate witnesses.
#COVIDTalks
COVID-19: TN registers 467 fresh cases, 5 fatalities; Chennai clocks maximum number of cases
The total COVID-19 tally in Tamil Nadu crosses 8.5 lakh.
Karnataka registers 453 new COVID-19 cases, 7 fatalities
Out of the fresh 453 cases, 271 were reported from Bengaluru.
CLICK TO GET MORE COVID UPDATES!
Maharashtra: 225 students, including 4 teachers, test positive for COVID-19 from a single hostel in the Washim district
The school has been declared as a containment zone.
WHO chief Tedros Adhanom thanks PM Modi for supporting over 60 countries with vaccines
India supplied vaccines free of cost under the Vaccine Maitri initiative.