Here are the top trending news from the world of technology
Facebook Unveils Substack Rival Product
In highly expected news, Facebook on Wednesday unveiled its newsletter product called Bulletin. The launch marks Facebook’s foray into the newsletter subscription space where Substack is the undisputed leader. The social media said that in the initial months it won’t take any cut from writers’ revenue. The newsletter subscription space has been witnessing lot of action, with Twitter recently acquiring Revue.
China’s ride-hailing giant Didi Chuxing has just raised $4 Bn
Didi Chuxing’s parent company Xiaoju Kuaizhi has raised $4Bn in its blockbuster IPO listing on NYSE. This is the largest foreign IPO listing on NYSE since Alibaba’s listing in 2014. However, Didi did not witness any great upside in its valuation during the listing. This perhaps reflected investor’s cautious attitude about the cab hailing industry since Uber’s unimpressive IPO listing last year.
Microsoft’s new AI tool offers coding suggestions to software developers
Uber has become the latest company to opt for hybrid work model
Ride hailing giant Uber has become the latest high profile company to opt for hybrid work model. Uber’s Chief People Officer has just dashed out a mail to all its employees that henceforth they will have to return to the office 50% of the time in a calendar month. However, the ride-hailing company claims that its hybrid model is far more flexible than other companies.
Amazon opens cooling center to beat the rising temperature
Temperatures are rising northwards in Seattle and Amazon has implemented a unique idea to beat the heatwave. The ecommerce giant has built a cooling center in its expansive Seattle headquarter. The cooling center can accommodate as many as 1,000 people on one go. According to reports, scores of people are taking shelter in Amazon’s newly constructed cooling center.