Microsoft has confirmed that it is finally killing off Yammer, the business social network it bought for $1.2 billion more than ten years ago. Yammer’s founding team was based in San Francisco, and co-founder David Sacks officially launched the company at a TechCrunch startup event in 2008. Before Microsoft intervened …
Read More »India lifts restrictions on some lending apps, including PayU’s LazyPay
According to a person familiar with the situation, India’s IT Ministry has lifted the ban on seven well-known lending apps, including PayU’s LazyPay, Kissht, KreditBee, and Indiabulls Home Loans. This is welcome relief for the fintech sector, which has recently been subject to intense scrutiny. According to a copy of …
Read More »Amazon is in talks to buy MX Player, a major player in Indian video
According to four people with knowledge of the situation, Amazon is in talks with Times Internet to investigate buying MX Player, one of the biggest on-demand video streaming services in India, as the American e-commerce company looks to expand its entertainment ambitions in the important international market. Three sources warned …
Read More »Reddit claims that after a phishing attack, hackers gained access to employee data
A “highly-targeted” phishing attack led to the access of internal documents and source code, according to Reddit. Reddit’s chief technology officer, Christopher Slowe, also known as KeyserSosa, stated in a post that on February 5, the company learned about the “sophisticated” attack aimed at Reddit staff members. According to him, …
Read More »Otonomo, a mobility data company with a 2021 SPAC IPO valuation of $1.4B, was acquired by Urgent.ly as its market cap fell to $70M
Otonomo, a connected automotive company that went public in 2021 and has seen a sharp decline in the value of its stock, recently announced a reverse merger with roadside assistance tech company Urgent.ly. In an all-share merger, Urgently shareholders will receive 67% of the combined company, and Otonomo shareholders will …
Read More »10% of GitHub’s employees will now work remotely
Tech industry layoffs continue. The company GitHub, which is owned by Microsoft, announced today that it will be letting go of 10% of its workforce through the end of its fiscal year. GitHub had about 3,000 employees prior to this announcement, which was first reported by Fortune. Additionally, the business …
Read More »Statsig increases the number of its free feature management tools
With the help of feature gates and other experimentation tools, Statsig, a well-funded Bellevue, Washington-based startup that enables product teams to test and evaluate new features (using real-time data from actual customers), announced today that it is essentially making its feature gating capabilities available for free to most users. All …
Read More »Amex and Microsoft use AI to improve the dreadful expense report
The focus these days is all on ChatGPT, but contemporary AI technologies have a variety of applications that go beyond making Bing finally useful. Utilizing AI to help with the tiresome and frustrating process of filing and auditing corporate expense reports is one new trend. Microsoft and American Express today …
Read More »DoorDash adds new rider safety features, such as fewer notifications
DoorDash, a delivery service, is launching new features for riders, including fewer notifications, a request that clients refrain from texting them while they are driving, and messaging that encourages one-tap replies. In order to reduce the number of notifications sent to delivery partners while they are in transit, DoorDash is …
Read More »GitLab will 7% of its workforce
GitLab, a leader in developer operations (DevOps), is the latest tech company to announce a round of layoffs. The company said today that it is reducing its headcount by 7%. The majority of the major tech companies, including Microsoft, Alphabet, and Salesforce, have announced staff reductions, making 2023 so far …
Read More »