Sharon Perry 18988 posts 0 comments

The government has called a meeting of cab aggregators like Ola and Uber on Tuesday to discuss their policies related to fare calculation, surge pricing, ride cancellations and measures taken by them for data protection of customers, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. The meeting has been called amid rise in consumer complaints of alleged unfair trade practices by these platforms, including ride cancellation policy as drivers force customers to cancel trips after accepting bookings, which results…

BharatPe on Tuesday said it has initiated necessary action against a former founder to claw back his restricted shares following a governance review.In a statement, the firm said it will take all steps to enforce its right under the law.In January 2022, the board of BharatPe initiated the corporate governance review of the company.The company had appointed Alvarez & Marsal (A&M), a global professional services firm notable for its work in turnaround management and performance improvement, Shardul Amarchand…

The stock market took the view for the first time on Tuesday that it was unlikely that Elon Musk will acquire Twitter for $44 billion (roughly Rs. 3,37,465 crore), as he originally agreed.The implied probability of the deal closing at that price fell below 50 percent when Twitter shares hit $46.75 (roughly Rs. 3,600), based on the $54.20 (roughly Rs. 4,180) deal price and Twitter's shares having closed at $39.31 (roughly Rs. 3,000) on April 1, the last trading day before Musk revealed he had amassed a stake in the social…

Billionaire Elon Musk said Tuesday he would reverse Twitter's ban on former US President Donald Trump when he buys the social media platform, the clearest signal of Musk's intention to cut moderation of the site.Musk, the world's richest person and chief executive of Tesla, has inked a $44-billion (roughly Rs. 3,37,465 crore) deal to buy Twitter. He has called himself a "free speech absolutist" but given few specific details of his plans.Musk is expected to become Twitter's temporary CEO after closing the deal, Reuters…

Twitter co-founder Jack Dorsey has supported Elon Musk's plan to reinstate Donald Trump's account, asserting that the decision to ban the former US President was "a failure."Trump was permanently suspended from Twitter following the January 6 Capitol Riots for violating the platform's rules against violence incitement, a decision the company has said was taken by then CEO Jack Dorsey.On Tuesday, Elon Musk said that he would restore Trump's banned account on Twitter if his deal to acquire the company is completed."I think…

A man who says he is “destroyed” after working as a content moderator for Facebook has filed a lawsuit accusing the company of human trafficking Africans to work in an exploitative and unsafe facility in Kenya.The case against Meta Platforms, the Menlo Park, Calif. company that owns Facebook, and Sama, a San Francisco subcontractor, was lodged Tuesday with a court in the Kenyan capital, Nairobi.Daniel Motaung's petition “calls upon Kenya's courts to order Facebook and its outsourcing companies to end exploitation in its…

On Tuesday, Elon Musk said he would reverse Twitter's ban of former President Donald Trump, who was booted in January 2021 for inciting violence at the US Capitol, should he succeed in acquiring the social platform for $44 billion (roughly Rs. 3,39,870 crore).But the day before, the Tesla CEO also said he agrees with the European Union's new Digital Services Act, a law that will require big tech companies like Twitter, Google and Facebook parent Meta to police their platforms more strictly for illegal or harmful content…

Twitter shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion(roughly Rs. 3,37,465 crore) on April 25, raising questions over whether the world's richest person will try to renegotiate the deal.On Tuesday, the implied probability of the deal closing at the agreed price fell below 50 percent for the first time, when Twitter shares dropped below $46.75 (roughly Rs. 3,600). That is halfway between the deal price and the price of the shares before Musk…

Five9, the US call centre software firm whose shareholders spurned a merger with Zoom last year, is looking to expand in Europe by setting up two data centres and relocating its employees in Russia to Portugal.The data centres will be in Frankfurt and Amsterdam, and serve customers in Europe, the Middle East, and Africa."Around 10 percent of our revenue today comes from Europe ... we are looking to at least double our European contribution in the near term," CEO Rowan Trollope told Reuters.Shareholders of Five9, whose…

US regulators are investigating Elon Musk's delayed disclosure of his sizable stake in Twitter last month, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.Musk disclosed a 9.2 percent stake in Twitter to the US Securities and Exchange Commission (SEC) on April 4, a delay of at least 10 days since surpassing the 5 percent threshold for revealing a shareholding, the report said.An investor who crosses a 5 percent stake must file a form with the SEC within 10 days. It serves as an early…