Here are the top tech news from the world of technology – check it out
Clubhouse launches direct Payment features for creators
Social audio chat app Clubhouse announced on Monday that it will be testing a new payment feature that will allow its users to pay directly to their creators. However, people should refrain from seeing this as a monetization strategy since Clubhouse won’t be taking any cut or commission paid to the creators. The company has partnered with payment major Stripe for launching this payment feature. Clubhouse’s co-founder Patrick collision said in his latest townhall that the company currently wants to focus on ‘creators’ instead of ‘advertisements’ for its monetization strategy.
LG bids Adieu to the Smartphone Market
South Korean electronic consumer brand LG has made unceremonious exit from the smartphone market. After spending well over a decade to consolidate its position in the ruthlessly competitive smartphone market, LG finally decided to quit the race. What made LG’s exit really unceremonious is the fact that it could not even find a buyer for its smartphone business. Over the years, LG’s smartphone sales have been seriously plummeting, making its smartphone business an unattractive proposition for buyers. LG’s exit marks the end of an important chapter, with the South Korean major having left no stone unturned in propelling itself in the market that is ruthlessly dominated by the likes of Apple & Samsung.
Google scores a big legal victory against Oracle
in a big sigh relief for Google, the U.S. supreme court overturned an earlier order that had ordered the search engine giant to pay whopping $8 Bn to Oracle. However, the tech giant has been spared from the financial penalty following the legal reprieve. Oracle had accused Google of incorporating pieces of Oracle’s Java software language into its Android operating system.
India’s Foodtech major Swiggy raises massive $800 Mn at $5 Bn Valuation
After keeping quite for almost a year on a fundraising front, Swiggy has raised whopping $800 Mn from new set of investors including Goldman Sachs and Falcon Edge. The Bengaluru based company has raised the latest funding at $5 Bn valuation. Swiggy’s latest massive funding is hardly surprising given that its main rival and IPO bound Zomato has been on a fundraising spree since last year.
BYJU’s makes biggest acquisition in India’s edtech space
After months of speculation, Byju’s has finally acquired Aakash educational services for whopping $1 Bn. This high-profile deal will allow Byju’s to foray into the offline education or in the highly unorganized coaching classes market. For over a decade, Akash has been functioning as one of the most formidable players in India’s coaching class market. Barely few days back, Byju’s had raised $450 Mn to mark its maiden funding round of 2021