Week 15: Check out what happened in the tech world

Week 15: Check out what happened in the tech world

This week is about Twitter and Elon Musk as the latter proposes a Twitter takeover. Meta tests new tools for Horizon Worlds Creators to earn money. Tata’s new App, Tata Neu will provide a shopping platform for its products and services. The app offers customers an extensive yet highly personalized shopping experience. WhatsApp Pay gets NPCI approval to onboard 100 million users. Infosys’ net profit rises 12% year-on-year to Rs 5,686 crore in the March quarter.

Elon proposes Twitter takeover

It is certainly a historical time for Twitter. Since Elon Musk announced he bought a 9.2% stake in Twitter and Parag Agarwal, CEO of Twitter, said the social media company’s board was looking forward to working with Elon, a lot has happened since.

Though Twitter offered him a seat on its board, however, the condition that Musk can’t own more than 14.9 percent of the company’s outstanding stock, according to a filing. But Musk declined the offer after 5 days.  “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk said in his regulatory filing to the Securities and Exchange Commission (SEC).  The Tesla chief said he proposed to buy the micro-blogging platform for $43 billion. 

The document stated:

I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.  
However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.
Twitter has extraordinary potential.  I will unlock it.

Meta tests new tools for Horizon Worlds Creators to earn money

As part of our ongoing commitment to support creators, Meta said they are beginning to test several new tools that will enable creators to experiment with different ways to monetize what they’re building in Horizon Worlds.

Purchasing items in Horizon Worlds is available to people 18+ in the US and Canada where Horizon Worlds is currently available. Creators selling items will see a Commerce tab and gizmo when they’re in Create mode that lets them create purchasable items.

In addition to introducing in-world purchases, we’re beginning to test a Horizon Worlds Creator Bonus program for participants in the US.

These bonuses come in the form of goal-oriented monthly programs where the creators are paid out at the end of the month for their progress toward the goal. Creator bonuses are not subject to fees and will be paid to creators in full. For now, in this limited test, creators will be rewarded for building worlds that attract the most time spent, but over time we may evolve these goals, for example, to encourage creators to adopt new tools or features we roll out.

Tata Group launches new app ‘Tata Neu’

Tata Digital’s new App, Tata Neu will provide a shopping platform for products and services. On a press note, the company says that the app is designed to offer customers an extensive yet highly personalized shopping experience. The culmination of over two years of research, development, and testing can truly be called a ‘super app’ and aims to bring about a great shopping experience for its customers. Integrating the Tata group’s most trusted brands into a single, convenient platform offers users a degree of versatility and choice that’s truly unmatched. Covering categories ranging from electronics and groceries to travel and more, the range of products and services offered is second to none.

Through the App, one can do the following:

  • Style up their wardrobe with Tata CLiQ and Westside
  • Purchase the latest gadgets from Croma
  • Order groceries from bigbasket
  • Book a flight on Air Asia
  • Get health checkups through 1mg
  • Book a luxurious stay at an IHCL hotel
  • Order a 5-star meal on Qmin

Download the app Get the Neu! 

WhatsApp Pay gets NPCI approval to onboard 100 million users

WhatsApp, the most popular instant messaging application in the world, had started testing its payment services based on Unified Payments Interface (UPI)

The National Payments Corporation of India (NPCI) has allowed messaging platform WhatsApp to increase its use for digital payments through the Unified Payments Interface (UPI) to from 40 million to 100 million, sources told us. 

“National Payments Corporation of India (NPCI) has approved an additional sixty (60) million userFos on UPI for WhatsApp. With this approval, WhatsApp will be able to expand the service to its hundred (100) million users,” NPCI, which runs UPI, said in a statement.

Infosys net profit rises 12% year-on-year to Rs 5,686 crore in March quarter

Infosys announced that its consolidated net profit rose 12% year-on-year to Rs 5,686 crore for the March quarter. The company reported a 29.8% on-year rise in consolidated revenues at Rs 32,276 crore. This was higher than street estimates as year-on-year revenue growth was seen in the range of 22.5-25%. But profit growth fell short of the expected 15-19.5% year-on-year.

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