Josh Brown joins Scott to share his thoughts on PPP and how you should be assessing the stock market. Scott also discusses the difference between tech giants Elon Musk and Jeff Bezos, and why Amazon is positioned for the biggest unlock in recent business history. Today’s Algebra of Happiness: Stop howling in the money storm. […]
ETtech Top 5: Jio on a deal-making spree, Uber on the road again & more
Happy Friday! Jio Platforms, the holding company of India’s largest telecom operator, has roped in a third investor in less than three weeks. Last month, it was Facebook that ploughed Rs 43,574 crore into Reliance Jio Infocomm’s parent. That was followed by a Rs 5,656-crore investment by Silver Lake Partners earlier this week. A flurry […]
Dropbox posts first quarterly profit on rising cloud software demand
Dropbox‘s quarterly revenue and profit beat Wall Street estimates on Thursday, as the file-hosting company signed up more paying customers on its platform with people shifting to remote work due to the COVID-19 pandemic. Shares of the company were up 4% in trading after the bell. Dropbox achieved profitability on a GAAP basis since it […]
Grooming products flying off online shelves
Illustration: Rahul Awasthi Talk about a hair-raising tale! When 30-something professional-couple Anvita and Kunal Kapur could not make their monthly parlour appointments due to the ongoing lockdown, it led to three days of frantic searches on multiple websites sitting at their Vasant Kunj residence in New Delhi. Finally, Anvita was able to pick up an […]
Vista Equity Partners to invest Rs 11,367 crore in Jio Platforms
US private equity firm Vista Equity Partners will invest ₹11,367 crore ($1.5 billion) for a 2.32% stake in Jio Platforms, the third such deal for the digital business unit of Reliance Industries (RIL) after Facebook and Silver Lake’s share acquisition plans. Analysts expect Reliance to sell another 7-8% stake in Jio Platforms and help reposition […]
India’s diversity makes content moderation tough: Sudhir Krishnaswamy
Given the scale and diversity of its fast-growing internet userbase, India poses special concerns with regard to content moderation, said Sudhir Krishnaswamy, the vice-chancellor of National Law School of India University and the only Indian member of social media giant Facebook‘s new Oversight Board. On Wednesday, Facebook unveiled the first 20 members of its Oversight […]
Zoom heads for end-to-end encryption launch with Keybase acquisition
Zoom will launch consultations on May 22 on the first draft of cryptography it plans to use to offer end-to-end encrypted meetings to all paying subscribers, as it seeks to quash criticism of its platform over security. The company, which has faced backlash from users for failing to disclose that its service was not fully […]
The new financial advice show on CNBC
People have been saying for years that they wish there was a show on financial television about financial advice. On the network I am an on-air contributor to, CNBC, we do the best job in the world at covering markets and the breaking news that affects stocks, bonds, commodities, companies, workers, investors and traders. But […]
ETtech Top 5: Amazon, BMC join forces; drones flying high & more
Happy Thursday! E-commerce deliveries of non-essentials haven’t been smooth sailing in smaller towns and cities that fall under the green and orange zones. That’s because some states are still ambiguous about reopening of fulfilment centres and warehouse in the red zone districts or Covid-19 hotspots, causing bottlenecks for online retailers. Illustration: Rahul Awasthi In the […]
Google, Gates Foundation join digital payments initiative for developing markets
A new nonprofit charity unveiled plans Wednesday to promote digital payments for people outside the financial system, with support from Google and the Bill & Melinda Gates Foundation. The Mojaloop Foundation said it would work on free and open-source software that can be used by disadvantaged communities and the unbanked around the world. The initiative […]