Facebook bets on Ambani’s Wireless Platform Reliance Jio
Facebook has poured $5.7 Bn in Mukesh Ambani’s Wireless Platform Reliance Jio, the subsidiary firm of India’s most valued private firm –Reliance industries. Following the investment, the social media giant will take 9.9% stake and will become the largest minority stake holder in the company. While the investment is likely to pave for strategic partnership between the two companies, it will also help Facebook to deepen its footprint in the World’s second largest internet market; where off late TikTok’s parent company ByteDance – world’s most valued startup – has emerged as a formidable player.
The one of its kind website that deletes itself
ThisWebsiteWillSelfDestruct.com is probably unlike any other website that you may have ever visited. After all, today there are not many websites that deletes itself as soon as you stop posting on it. This website comes with a simple web form and a timer pasted on top of the website. You can share whatever you want on this website (including darkest secrets of your life). This unique site is not burdened by the usual privacy concerns, since the messages are stored anonymously in a database. And, moreover, when the timer reaches zero, the site will self-destruct itself.
This is why cryptocurrency company Ripple has sued Youtube
Popular cryptocurrency Ripple has slapped video sharing platform Youtube with a legal notice. Ripple has alleged that Youtube failed in stopping scammers from impersonating its CEO (Brad Garlinghouse), allowing gullible investors to get scammed. Ripple also accused Youtube of showing ads that promoted fake cryptocurrency giveaways. Youtube has so far declined to comment on the issue. But the latest scam adds to the long-drawn list of cryptocurrency scams and probably may bring more bad press for virtual currencies.
Online travel giant Expedia in talks to sell stake
American online travel giant Expedia is in talks to sell stake to equity firms Silver Lake Partners and Apollo Global for about $1 Bn, according to Wall Street Journal. All the concerned parties have kept mum on the news report. By the way, Expedia’s shares have been witnessing upward trajectory ever since the news of stake sale greeted the market.
Demand for Videogames Skyrockets in U.S in aftermath of lockdown
Video game sales in the U.S. touched rooftop during the pandemic lockdown as gaming become a favorite pass time for millions of Americans. The Sales of gaming hardware, software and accessories in the United States skyrocketed 35% to $1.6 billion last month, according to research firm NPD. This is the highest ever monthly increase witnessed in over a decade.