TikTok starts Laying off Employees

Here are the top trending stories from the world of technology. News that we feel every tech enthusiast should keep a tab on..

1)

TikTok starts laying off employees

Popular Chinese short video app TikTok has reportedly started laying off employees. These layoffs have mainly happened in the U.S and European markets. However, mind you, the Chinese company has so far not announced any official news about layoffs. This news actually broke out when several TikTok employees announced on Twitter and LinkedIn posts that they have been asked to voluntarily leave the company. The Chinese company is also reportedly planning to scale down many of its ambitious projects. Over the years the TikTok app has almost become a rage, with the app currently boosting almost 1 Bn monthly active users.

2)

Meta gets sued by its namesake company

With its eye on Metaverse, Facebook had changed its name to Meta in October last year. However, this decision seems to have backfired. Turns out that Mark Zuckerberg’s company has been sued by an art installation company, whose official name is also META. Yes, you heard it right. Zuckerberg’s company Meta has been sued by a company whose name is also Meta. The art installation company has accused the social media company of trademark violation, accusing that Zuckerberg’s company illegally stole its brand name. The company has also accused that the several recent scandals surrounding Mark Zuckerberg’s company has equally badly impacted its art installation business.

3)

YouTube Suspends Oppo India Channel  

In a bizarre incident, YouTube ended up temporarily suspending Oppo India’s YouTube Channel on Monday. What’s really shocking, Oppo India’s channel got suspended right in the middle of the live streaming event of its much-anticipated launch of its Reno 8 and Reno 8 Pro smartphones. YouTube said that it was forced to pull down the channel because the Chinese company had allegedly violated its terms and conditions. Interestingly, this development took place barely days after Oppo India was slapped with a penalty of over Rs 4,000 crores for import duty evasion charges. Other popular Chinese smartphone companies like Vivo and Xiaomi are also currently facing investigation by Indian tax authorities.

4)

Bitcoin’s price rises in a respite to cryptos

For the second consecutive day, the price of Crypto leader Bitcoin has witnessed a sharp rise. During the early trading hours on Wednesday, Bitcoin’s price crossed the psychological mark of $24,000. This is the first time that the price of the world’s most popular cryptocurrency has risen above the $24,000 mark since mid-June. The good run in Bitcoin will come as a huge relief for the cryptos, which has been trounced by the recent bloodbath in the cryptocurrency market. This recent bloodbath ended up wiping out a whopping $200 Bn from crypto’s market valuation. Many industry experts have called the latest bloodbath as the worst trading period for cryptos in recent times.

5)

Elon Musk’s Shirtless Pic goes viral on Internet

Tech billionaire Elon Musk was recently vacationing on a luxury yacht in Greece. Turns out that the tech billionaire was clicked ‘shirtless’ while he was enjoying his time on yacht. Now this shirtless photo has gone viral on the internet, with many netizens and twitterati throwing pretty nasty comments on this pic. Many Twitter users uploaded funny memes to troll Musk over this photo. Most netizens and Twitter almost seem to suggest that the tech billionaire looked downright ‘ugly’ in this photo. But Musk replied to the trolls in his own trademark style, tweeting that he should be appearing ‘shirtless’ quite more often.