Elon Musk’s Plea to Delay Twitter Trail gets rejected

Here are the top trending stories from the world of technology. News that we feel every tech enthusiast should keep a tab on.

1)

Elon Musk’s plea to delay Twitter Trail gets rejected

In a huge setback for tech billionaire Elon Musk, he has lost the legal battle to delay the Twitter Trail until next year. As per the order issued by the U.S. court, the Twitter trail will start as early as October this year. In the legal petition,  the microblogging platform has said that it wants Musk to abide by the agreement he signed in April to buy Twitter for $44 Bn. The company has further said the sudden termination of the agreement has badly hurt its business. Musk’s lawyer, on other hand, has argued that Twitter wants speedy trial because it wants to cover up its fake account problem.

2)

Google once again to start testing Google Glasses

Google has announced that it will once again start testing its augmented reality glasses in August this year. The tech giant has been experimenting with its AR glasses, officially known as Google Glasses, since 2013. Despite experimenting for almost a decade, Google Glasses still has a long way to go before it is officially launched for the public. Google Glasses come with many features including a front-facing camera and a microphone. Mind you, Google is not the only company that is investing billions of dollars in augmented reality technology. Many big tech giants including Apple, Meta and Microsoft have made huge investments in AR technology.

3)

Netflix losses almost 1 Mn Subscribers in 2^nd Quarter

Netflix’s subscriber base continued to shrink in the second quarter of the current financial year. The streaming giant said that it lost nearly 1 Mn subscribers in the second quarter. However, these numbers are far less than most analysts had projected, which should serve some positive news for Netflix. Due to growing competition in the streaming space and the pandemic boom getting over, Netflix has been rapidly losing subscribers since last year. Now in a desperate attempt to increase the subscriber numbers, the company is planning to launch its first ever ad supported plan by next year.    

4)

Amazon Sues Facebook Groups over fake reviews

E-commerce giant Amazon has filed a lawsuit against nearly 10,000 Facebook groups for allegedly promoting fake reviews on its platforms. Amazon has said that these FB members have been encouraging its members to write fake reviews on its platform in exchange for money and gifts. The e-commerce giant particularly has identified one FB group, which goes by the name “Amazon Product Review,” which supposedly has 43,000 members. The fake review problem, which is actually a very old problem, has always been a big irritant for Amazon and its customers. The e-commerce giant claims that it has invested millions of dollars to deal with this incremental problem.

5)  

China’s Netflix signs agreement with China’s TikTok

iQiyi, which is China’s answer to Netflix, has signed a content deal with Chinese TikTok competitor Douyin. As per this deal, Douyin users can create short videos using iQiyi content, which includes iQiyi’s original show and movies. China’s short video market has grown exponentially since the last few years, with the country boosting nearly 900 Mn active users as of December last year. Both TikTok and Douyin are the most prominent players in China’s short video market. While TikTok went on to earn global fame and become a global player, Douyin’s dominance has largely restricted to the Chinese market.