Here are today’s top trending news from the world of technology. News that we feel every business tech enthusiast should keep a tab on.
1)
Musk hints that Twitter won’t remain free for all
Ever since Elon Musk bought Twitter for $44 Bn last month, speculations have been rife that the tech billionaire will bring revolutionary changes in the microblogging platform. Now staying true to this hype, Musk has now tweeted that Twitter may soon start charging nominal fees from government and commercial users. But the Tesla CEO also mentioned in his tweet that the microblogging platform won’t be charging any fees from its casual users. After buying Twitter, Musk has repeatedly said that he will do everything possible to improve the microblogging platform’s profitability and revenue. And his latest tweet strongly hints that Musk is serious about improving Twitter’s profitability.
2)
Spotify forays into Metaverse, builds a theme island in Roblox
Streaming giant Spotify has become the latest big company to foray into the Metaverse world. The company has built a special theme island ‘Spotify Island’ in Roblox, which is a popular online gaming platform. In this virtual island, users can create their own music, chill in virtual venues and get access to virtual merchandise. With the launch of this theme island, Spotify has become the first music streaming company to foray into the metaverse platform. Nowadays Metaverse has literally become the buzz word, with scores of big brands like Coca Cola, Nike, Hyundai, Disney, Gucci and many other big names entering this platform.
3)
Apple Store in Atlanta to conduct Apple’s first-ever union election in June
The Apple retail store in Atlanta is all set to create a history. This after the retail store agreed to conduct Apple’s first ever union election on 2nd June. The tech giant’s other retail stores located in New York and Maryland have also reportedly started making efforts to form trade union bodies. Meanwhile, according to reports, the tech giant is currently working with anti-union lawyers in a bid to throttle the trade union efforts. Like many big tech companies, Apple has been constantly accused of paying low salaries and abusing the rights of its blue-collar employees.
4)
Warren Buffet says that he won’t buy Bitcoin even for ‘$25’
Bitcoin is currently trading at a whopping $38000. However, the stock-market guru and famous billionaire Warren Buffet has said that he won’t buy Bitcoin even if it were trading at merely $25. Buffet made this critical statement during Berkshire Hathaway’s recent annual general meeting. The famous billionaire’s tirade against virtual currencies is least surprising given that he has always been a stern critic of cryptocurrencies. In fact, Buffet’s colleague and Berkshire Hathaway’s Vice President Charlie Munger had once called cryptos a venereal disease that needs urgent cure.
5)
Google backed neo bank startup ‘Open’ becomes India’s 100th unicorn
India has now a century of unicorn startups. India’s got its 100th unicorn after Google backed neobank startup ‘Open’ raised $50Mn in series D round. Mumbai based investment firm IIFL led the funding round while big names like Temasek and Tiger Global also participated in the round. Despite the hype around unicorns, many critics have always questioned the inflated valuation of the so-called unicorn startups. However, several eminent personalities including government officials have been proudly boasting about India’s unicorn club. In fact, the Trade and Commerce Minister Piyush Goyal termed ‘Open becoming India’s 100th unicorn’ as a momentous occasion.
