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China’s ride hailing giant Didi is all set to delist from NYSE – Top Tech news

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Didi is all set to delist from NYSE

Didi Chuxing buys controlling stake in Brazilian ride hailing firm ‘99.’

China’s ride hailing giant Didi has officially said that it will delist from NYSE and will start making moves to list itself on the Hong Kong stock market. Didi has been facing intense pressure ever since the America’s stock market regulatory body made series of tough rules for the Chinese listed companies. Didi was facing equally great pressure from the Chinese government to make an exit from the American capital market (Click here)         


Jack Dorsey’s Square changes its brand name to Block

Portrait Shot of Twitter CEO
Image Credits: Flickr Matin Guptil

The fintech giant Square, which is one of the most valued U.S. startups, is changing its brand name to ‘Block.’ According to reports, the change in brand name has come at a time when company is aggressively focusing on new technologies like ‘blockchain.’  The new brand name will be effective from December 10. Interestingly, this move has come barely 24 hours after Dorsey stepped down from Twitter’s CEO position (Click here).


Google’s ousted AI expert has formed her own Ai research institute

Timnit Gebru’s unceremonious exit from Google’s AI ethics team stroked a massive controversy. Gebru, who was one of the important top executives of the Google’s AI ethics team, had constantly accused the tech giant of practicing racist and discriminatory policies. Now the high-profile former top Google executive has now new AI research institute called DAIR (Click here)  


Google (again) delays its mandatory return to office plan for its employees


Alphabet INC, Google’s parent company, has once again indefinitely delayed the mandatory office to return plan. Google’s hybrid work place model was supposed to start from January 10th , with its US employees expected to return to their designated local office three days a week. Google was compelled to take the decision in the wake of emergence of new COVID variant Omicron (Click here)


Adidas forays into Metaverse

German based Sports apparel giant Adidas has announced its maiden foray into Metaverse. Its nearest rival Nike has already announced its entry in the upcoming technology. Nothing known much about Adidas’ Metaverse but NFTs are supposed to play a critical role in it (Click here)  

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