TikTok’s parent company wants to re-enter the Indian market again

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

1)

TikTok’s parent company wants to re-enter the Indian market again

ByteDance, the Chinese parent company of the popular short video app TikTok, is reportedly planning to re-enter the Indian market again. According to media reports, ByteDance is currently holding talks with several Indian companies for starting a joint-venture business. However, there is no information about what kind of joint-venture business ByteDance wants to start in India. ByteDance has reportedly said that it has no plans to re-launch the TikTok app in India. The Indian government had banned the TikTok app nearly two years back due to the security concerns. By the way, TikTok’s parent company has also reportedly sold its stake in India’s short video app Josh.

2)  

Elon Musk says he won’t cut jobs at Tesla

There won’t be any job cuts at Tesla.  This has been confirmed by Elon Musk himself, who last week said that he was planning to cut 10% jobs at his electric vehicle company, citing that the American economy is in bad shape. But the tech billionaire has now backtracked from this decision. Musk has now said that Tesla’ headcounts will increase in the next 12 months but salaries will remain pretty much flat. Meanwhile, the American President has criticized Musk for making negative comments on the American economy.

3)

Meta’s COO may have resigned because of a scam

Sheryl Sandberg, one of Meta’s most powerful executives, may have resigned last week because of a scandal. According to American media news reports, Meta had launched an internal probe against Sandberg for allegedly using the company’s corporate funds for her personal use. Reports also claim that in recent months Meta’s CEO & founder Mark Zuckerberg wasn’t all that happy with Sandberg over her recent controversial activities. For all those who don’t know, Sandberg had resigned from Meta last week after 14 years of association with the social media giant.

4)

Narayana Murthy criticizes Indian startups obsession with IPOs

Infosys co-founder and IT legend Narayana Murthy has given a strong opinion about what he describes as Indian startup’s unhealthy obsession with IPOs. Speaking at a business conference, Murthy said that Indian startups should stop seeing IPOs as another funding round and merely a way to give profitable exits to venture capital firms. He added that startups should realize that making a company a public listed companies brings enormous responsibilities, the most primary responsibility being giving profitable returns to all shareholders including small retail investors.

5)

China successfully sends three astronauts to its space station

China has taken yet another big step in its race to emerge as a space superpower. This after the communist giant successfully launched and docked three astronauts at it space orbiting station. These three Chinese astronauts will spend nearly six months at the space station. The launch of this space mission was broadcasted live across China. Over the years, the Asian giant has added many feathers to its space program including sending a rover to Mars.