Here are today’s top trending news from the world of technology. News that we feel every tech enthusiasts should keep a tab on.
Elon Musk may soon become Twitter’s new CEO
According to CNBC, Elon Musk may soon take up the role of CEO at Twitter weeks after buying the microblogging platform for $44Bn. If Tesla boss does take up the role of CEO then he will obviously be replacing the current CEO Parag Agrawal. As such, rumours are already strong that Agrawal might be soon shown the door. Taking up the apex position at the social media platform will help Musk in implementing the so called revolutionary changes that he had promised while buying Twitter. However, it must be noted that Musk might become the Twitter CEO only for a temporary period.
WhatsApp’s former top executive says it was a mistake to sell WhatsApp to Facebook
WhatsApp’s former top executive Neeraj Arora has said that he regrets playing an instrumental role in a deal that facilitated WhatsApp’s acquisition deal with Facebook in 2014. In a series of Tweets, Arora hinted that today even WhatsApp’s co-founders regretted selling the company to Mark Zuckerberg’s company. He further said that while negotiating the deal Facebook had made series of promises including maintaining the data privacy and not indulging in cross-platform tracking. But Arora explicitly hinted that today Facebook is not fulfilling these promises with 100% commitment.
Alibaba’s Market Value tanks by 26% on rumours of Jack Ma arrest
Alibaba’s co-founder Jack Ma’s rumoured arrest, which later turned out to be fake news, caused massive selling in company’s shares. Earlier this week, Alibaba’s shares fell by nearly 10%, causing massive drop in the company’s valuation. Jack Ma has withdrawn from active public life ever since the Chinese government launched a crackdown against his business empire in 2020. Because of this massive crackdown, Alibaba’s financial company Ant Group even had to stall its ambitious IPO.
Gucci to start accepting Bitcoin in select stores
The iconic Italian brand Gucci has decided to give cryptos a try. Gucci has said that it will soon start accepting Bitcoin payments from its customers in select stores in North America. As of now, the company won’t be offering the crypto payment facility beyond the U.S. market. Initially, Gucci stores will only accept Bitcoin but later may accept other cryptos like Ether, Bitcoin Cash, Dogecoin and Shiba Inu.
Tesla all set to expand its Shanghai factory
According to media reports in China, Tesla is all set to double its car production in its Shanghai factory. This will supposedly make Tesla’s Shanghai factory the company’s biggest export hub. Notably, the electric car company’s Shanghai factory remained closed for several weeks due to sporadic increase in COVID cases in China.