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koo acquisition: Koo says in talks for strategic partnership as Dailyhunt eyes acquisition

Homegrown microblogging platform Koo's cofounder Mayank Bidawatka said in a post on LinkedIn that the company is in discussion with "multiple partners" for a "strategic partnership". His post came soon after media reported that VerSe Innovation, parent of media startup Dailyhunt, is in advanced talks to acquire the Bengaluru-headquartered social network Koo, which is touted as an alternative to X, formerly Twitter.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of…

Dailyhunt in talks to acquire social network startup Koo

Media startup Dailyhunt is in advanced stages of talks to acquire the Bengaluru-headquartered social network Koo, two sources familiar with the matter told me. The potential deal under discussion involves a share-swap agreement and could be finalized within weeks, the sources added, requesting anonymity as the matter is private. The deliberation follows Koo, which has sought to become a Twitter rival, aggressively hunting for new capital throughout last year. The social network, available in…

Koo Not Competing Against X, Meta’s Threads by Meta; Going After Deeper, Regional Audiences: Co-Founder

Koo is not competing head-on against X (formerly Twitter), or even the recently-launched Threads by Meta, and is instead going after regional audiences with its language-based approach, co-founder of the homegrown platform, Aprameya Radhakrishna, has said. Radhakrishna said Koo can be social-media-as-a-service, tailoring itself in compliance with the laws of the country it operates in.On Meta's Threads, he said, "Threads saw an opportunity to go into a space where Twitter (now X) was faltering, but what they did wrong was…

Koo follows Twitter, cuts 30% jobs

Homegrown microblogging website Koo seems to be following its global peer Twitter in layoffs. The company has reportedly laid off almost a third of its employees in the last year. The company which is touted as Desi alternative to Twitter rival said that it has let go of 30% of its 260-strong workforce over the course of the year. "Like most startups Koo also built in a workforce to account for spikes," a Koo spokesperson told Economic Times in a statement. "Given the current market environment and external realities of a…

Twitter rival Koo lets go 30% of staff over course of the year amid global slowdown

Homegrown Twitter rival Koo on Thursday said that it has let go 30 per cent of its workforce over the course of the year amid the current global meltdown. The company told IANS in a statement that it is important for businesses of all sizes to adopt efficient and conservative approaches to see this period through. "In line with this, we have acted on some role redundancies by letting go of 30 per cent of our workforce over the course of the year and have supported them through compensation packages, extended…

Koo lifetime verification: Koo promises lifetime free verification for all notable personalities

Indian microblogging platform Koo announced on Friday that it will offer free lifetime verification to all notable personalities. The company said the free lifetime verification will be available to all notable personalities and creators across the world enabling them to avoid impersonation on the platform.In recognition of eminence or achievements or professional status, Koo awards a yellow tick against user profiles after they meet the criteria.Mayank Bidawatka, cofounder of Koo, said the company will provide free…

Koo Updates Content Moderation Features to Block Nudity, Offensive Content

Microblogging platform Koo on Thursday announced the launch of new proactive content moderation features, geared to provide users with a safer social media experience.The new features developed in-house are capable of proactively detecting and blocking any form of nudity or child sexual abuse materials in less than 5 seconds, labelling misinformation and hiding toxic comments and hate speech on the platform, Koo said in a release.Twitter-rival Koo said it is committed to providing a safe and positive experience for its…

India-Based Social Media App Koo Integrates OpenAI’s ChatGPT

Here are the specifics on how the India-based social media app Koo incorporates OpenAI’s ChatGPT The co-founder of Koo told Reuters that the India-Based Social Media App Koo Integrates OpenAI’s ChatGPT to make it easier for users to create posts. ChatGPT, an artificial intelligence bot that responds to prompts to produce prose, has sparked a generative AI craze in the tech industry. In an interview, Koo co-founder Mayank Bidawatka stated that Koo users will be able to use OpenAI’s ChatGPT directly within the social media…