Microsoft CEO Satya Nadella’s Compensation Pack Swells 10% to $55 Million

According to recent reports, Microsoft CEO Satya Nadella’s compensation pack has increased to $55 million. Although his base salary remains unchanged, this compensation pack is 96% performance-based versus 71% in 2021. Read the entire article to learn more about this news piece.

About the compensation pack

“Shareholders expressed a desire to ensure the ongoing retention and motivation of Mr. Nadella and the independent members of the Board continue to have high confidence in Mr. Nadella’s exceptional leadership of Microsoft,” it said.

The median pay for Microsoft staffers was $190,302 in fiscal 2022. “Based on this information, for the fiscal year 2022, the ratio of the annual total compensation of our CEO to the annual total compensation of the median employee was 289 to 1.”

He said women should try to avoid asking for a raise and simply rely on “karma.” Nadella added: “It’s not really about asking for a raise, but knowing and having faith that the system will give you the right raise.” After he made this statement during his initial days as CEO, he did say that he was inarticulate while speaking about women and said that it was important to put an end to gender disparity.

About Microsoft

Microsft is one of the most well-known companies all across the world. It has managed to become a household name wherein most people from all countries know about the company and its products. It comes under the top 5 information technology firms in the United States. The aim of the company is simply to push people toward their goals. They want to achieve as much as they can without giving heed to the obstacles in between. They believe that they can make people’s jobs easier by providing them with the best products which have the best features, that will help them excel in their careers. Microsoft constantly tries to bring something to the table and surprise its customers.

Satya Nadella, Chief Executive Officer of Microsoft Corp

About Satya Nadella

Satya Nadella is the CEO of Microsft. Since he has been given this position, all he has done is tried to bring the company back up and improve its position in the market. His increased compensation pack is proof of the fact that the company is doing quite well. He has been with Microsoft since 1992, therefore he knows the company really well and has seen it through most of its phases. Therefore, there could have been no one better than him for the job. He was given this position in the year 2014.

 

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Crypto miner Argo’s shares plunged after fundraising failed

As the prices of cryptocurrencies are fluctuating, the ancillary businesses to cryptocurrencies are also facing the heat. In the same scenario, the famous Landon-based crypto-mining company Argo Blockchain (ARB) also saw an impact on its growth parameters. The company has not been able to complete its recent rounds of the founding of US$27 million from one of its strategic investors.

 

 

Who is Argo Blockchain (ARB)?

Argo Blockchain (ARB) has been a leading company in the UK that has been working in the cryptocurrency mining business in recent times. The company has been operating with its 220mega watts total mining capacity and the company has been using renewable sources of energy generation and effective utilization of crypto mining capacity.

As the company witnessed a setback in the next rounds of funding from one of its strategic investors which resulted in the company’s US stock exchange prices and the company has been witnessing a price drop of as much as 72%. In recent times, the company has sold its 3,843 “Antminer S19J Pros” at the total price of $5.6 million, with this sale the company has been able to work upon the short-term liquidity crunch situations.

Which other crypto-mining businesses are facing issues?

This year in September, the company “Compute” which works as a crypto mining data center filed for bankruptcy under chapter 11 of bankruptcy in the US. The reason for the bankruptcy of the company is stated that the company was required to pay $500 million to approximately 200 creditors.

What are the issues concerning to crypto mining industry in 2022?

Bitcoin crypto mining is facing usage performance issues because of the increase in the energy generation resources prices over time but the recent stagnant prices of cryptocurrencies have been reflected as a poor sign of growth for the sector.

As per the recent statements by the Argo Blockchain, if the company is not able to work on its successful financing opportunities soon, If this situation occurred then the company will go into a negative cash flow situation, and then the company will be required to work on minimizing its operational potential or partially close some operations.

How much energy is used during crypto mining?

As per one reports calculations as of August 2022, the total amount of electrical energy required for the generation of crypto assets is 120-240 billion kilowatts hours per year, which is considered an electronic emergency consumed by the counties like Australia or Argentina in one year.

To say it in simple words the crypto mining of one Bitcoin takes approximately 1449 kWh of electrical energy. Which is considered the electronic emergency requirement of one us household for 50 days.

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Hong Kong proposes allowing retail trade in cryptocurrencies

Hong Kong’s administration has plans to authorize retail exchanging of digital money, permitting retail financial backers to exchange digital currencies and crypto trade exchanged reserves.

 

The city, which recently proposed restricting crypto exchange to proficient financial backers, will free guideline for digital currency.

 

After an arranged compulsory permitting program for crypto stages that produce results on Spring one year from now, crypto stages will be expected to apply for a permit to offer retail exchanging, as per a Bloomberg report, refering to a source shut to the matter. The public authority will likewise audit property privileges for tokenised resources and investigate sanctioning brilliant agreements.

 

Other potential moves in digital currency incorporate laying out a system to approve trade exchanged reserves offering openness to standard virtual resources, as per Elizabeth Wong, the fintech top of the city’s Protections and Fates Commission.

 

The move means to restore Hong Kong’s standing as a worldwide monetary center point following quite a while of political unrest that ignited an ability mass migration.

 

As per blockchain expert Chainalysis Inc, digital currency exchange volume in Hong Kong become under 10% in the a year through June from a year sooner, the most un-in East Asia next to central area China.

 

Singapore, Hong Kong’s customary opponent for monetary business, permits retail financial backers to exchange digital currencies, yet it has been deterring the general population from speculative exchanging digital forms of money and restricting the promotion concerning digital money administrations in broad daylight places. Singapore recently proposed prohibiting utilized retail token buys.

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Bed Bath & Beyond Are Currently Reviewing their Possible Data Breach

According to various reports, Bed Bath and Beyond has claimed that for a month, a third party has information about all its activities. They did this through a phishing scam wherein they had access to information through a hard drive of an employee. Read the whole article to understand the whole story.

About the data breach

The company is currently saying that it is going through the data to find out if there was any sensitive information that could help the hacker target the company in any which way possible. The owner of this brand said that they had no reason to believe that the hacker had any access to sensitive information.  Still, if the hacker has access to that, the company is ruined. Talking about the shares of the company, once considered a so-called “category killer” in home and bath goods, its shares are down by 5%.

What is a data breach?

For people who are struggling with the term data breach and have no idea as to what it is and why it happens, this article will provide you with all the necessary information. Data Breach ij simple terms happen when sensitive information of a company or an institution gets in the hands of a third party. Someone who has no relation with the institution and is willing to destroy it because of the money. A data breach can occur mainly due to 2 reasons that are loopholes in technology or incorrect user behavior. If these two things place, it will attract hackers and that is how data breaches will take place.

A lot many smartphones lack encryption, which means their privacy is next to zero which thereby attracts hackers. It is a common perception that a data breach can only occur if someone from the outside leaks into the system, it can also happen because of intentional attacks or some minor fault made by the employee.

 

About Bed Bath and Beyond

For people who do not know anything about Bed, Bath and Beyond, it is basically an

Bed Bath And Beyond CFO Dies

omnichannel retailer. It sells beauty products and home products. The aim of the company is to deliver the best quality products to its customers. The brand came into existence in the year 1971. Sue E. Gove is heading the company at present. Since she has been given this role, she has done nothing but use her leadership skills to help the company grow and show it the direction toward success.

 

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Piyush Goyal Claims that the Valuation of Startup Ecosystem in India is Rs 3 Lakh Crore

According to recent reports, the industry minister of the country, Piyush Goyal claims that the valuation of the startup ecosystem in India is only Rs 3 lakh crore. Read the entire article to learn more about this news.

Statements made by Piyush Goyal

‘…the fact that we are probably 110-plus unicorns, about 75 or so soonicorns which are on their way to become unicorns, is truly a remarkable achievement. The last time we did a valuation of our startup ecosystem, it came to about USD 368 billion, that’s nearly three lakh crore rupees,” he said.

”We have about over a million people directly engaged by them. Must be many million more who are indirectly involved in the entire startup ecosystem. Over 110 unicorns,” he said. These statements were made by the industry minister at an extremely odd time because although India does have a lot of unicorns there is still a long way to go. For people who don’t the meaning of the term unicorn which has been used in the text, it simply is a term used to refer to a startup that has a value of $1 billion.

Efforts made by the government to encourage startups

“These days we hear all around us, startup, startup, startup. It is true that this is the era of startups and it is also true that in the field of startups, in a way, India is leading the world,” says PM Modi. The government has come up with the Samridh scheme which basically focuses on the growth of startup companies by clubbing skill sets together to ensure success. New Gen IDEC is also an initiative that has been launched by the government to teach entrepreneurship and innovation through mentorship and guidance. Apart from these two, the government has launched a lot of schemes and initiatives to help encourage startups and also to push them forward. It is trying to create an environment for people where they feel safe with starting some of their own by having schemes and initiatives that protect and guide them.

About Piyush Goyal

Piyush Goyal is the minister of Commerce and Industry. He was given this position in 2019. Piyush is a well-known individual who has had a political career for 35 years. He has held several positions in the past and he is known to have done justice to all of them. He is known to have an excellent academic record and was a well-reputed investment banker in the past as well.

 

 

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Jack Dorsey take on Twitter with Bluesky App

Former Chief Executive Officer a Co-Founder of Twitter, Jack Dorsey is reportedly working on a new social media platform named Bluesky which will be a rival to Twitter which is currently owned by Tesla CEO Elon Musk.

News agencies report that the creators of the Bluesky app are preparing for a test run which would be a milestone event.

News reports about the Bluesky app came a few days after Elon Musk purchased a majority stake in Twitter for 44 billion dollars. Elon Musk who made an initial offer in April 2022 had backed out from the deal citing non-cooperation from Twitter. Twitter then filed a lawsuit against Elon Musk to force him to fulfill the deal. During the court proceedings, Musk decided to complete the deal and take over the social networking company.

Even though there is no information available regarding what are features of Bluesky or how does it look like, it is seen in the tech world as a rival to Twitter. A large number of internet users are eagerly waiting to try out the latest social media experiment of Jack Dorsey who was once part of a team that created Twitter.

Jack Dorsey had earlier stated that the new social media platform would be a rival to “any company trying to own the underlying fundamentals for social media or the data of the people using it.” There are also groups of people who believe that the Bluesky app and social media platform is part of a collaboration between Jack Dorsey and Elon Musk. All kinds of conspiracy theories are active on the internet regarding the new app.

A company blog states that AT Protocol of the Bluesky app would be a critical element of a revolutionary “federated social network” that integrates ideas from the latest “decentralized technologies into a simple, fast, and open network,”

There are also media reports that state that users will have the ability to move around different social media platforms using the browser.

Market analysts are of the opinion that this is the right time for a new social media platform to enter the market as a large number of Twitter users are disappointed that Elon Musk is the owner of the social media company.

Various social and civil society groups have voiced their concerns about the new development. They are of the opinion that the advent of Elon Musk as Chief Executive Officer of Twitter would result in more radicalization of the social networking platform.

American rapper and entrepreneur, Kanye West who is officially known as Ye is already back on Twitter signaling how Elon Musk is planning to run Twitter. Kanye West was earlier banned from the platform for his anti-Semitic comments.

Various high-profile celebrities have already announced that they are quitting Twitter as Elon Musk is now in charge of the platform.

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Covid led to workers leave IPHONE Factory at China

Coronavirus episode in Foxconn plant in Zhengzhou:

Wrestling with deficient everyday environments, laborers are leaving Apple Inc’s. greatest iPhone plant in China. Severe Coronavirus checks were forced at the world’s biggest iPhone plant in Zhengzhou to control a flare-up. Nearby specialists from a few locales in the focal Henan region said they will get homebound laborers from Foxconn Innovation Gathering.

The guidelines remembered day to day tests and a boycott for eating in the container corridors, the Post revealed a week ago. Laborers had gone to virtual entertainment to gripe about day to day environments, saying they were remaining with Coronavirus positive partners, and raising worries about additional transmission and under-revealing of cases.

Virtual Entertainment Swirling With Laborers Leaving By walking For Their Homes

Viral virtual entertainment posts, some from t

he actual laborers and others from passers-by, showed gatherings strolling along the parkway and through little dirt roads, as nearby occupants along the course set up slows down to disperse food, water and garments to them. Those heading home would need to go through seven days of incorporated quarantine followed by three days of home disengagement, the assertions from the different city specialists said. Such open letters had been sent by no less than seven districts and urban areas in Henan after virtual entertainment posts showed laborers strolling along as they hauled baggage behind them.

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Due to the stalled growth, Comcast wants Internet users to pay more

Comcast’s issue is that it isn’t gaining many new broadband subscribers. But Comcast also has a solution: charging more to current customers. With 32,163,000 residential and commercial Internet subscribers combined, Comcast failed to add any news in Q2 2022.

Only 14,000 new broadband users were added in the most recent quarter, according to Comcast’s Q3 financial report, which was released yesterday. Additionally, Comcast lost 316,000 VoIP phone subscribers and 561,000 video customers.

In a call to discuss yesterday’s earnings, Comcast officials emphasized ARPU (average revenue per user). Comcast wants to increase the average monthly payment each current customer makes because it is difficult to attract new consumers.

“We expect ARPU growth will continue to be the primary driver of our residential broadband revenue growth in the near term,” Comcast President and CFO Michael Cavanagh said

Comcast might increase its customer base by entering new areas or connecting homes in communities where some residents cannot access broadband service despite their neighbors having Comcast Internet service.

However, Comcast frequently refuses to install new hookups unless homeowners pay tens of thousands of dollars upfront and seem satisfied to stay in its current market.

Comcast’s CEO does not expect significant Internet subscriber growth

The nation’s largest cable carrier is “still in a tough situation in terms of low move activity and rising competition from new entrants,” according to Comcast CEO Brian Roberts.

According to Robert, “residential broadband units, residential broadband ARPU, wireless, and business services” are Comcast’s cable segment’s four main growth drivers.

“While we don’t anticipate residential broadband units to be a significant driver, for now, we expect to maintain healthy growth in the other three, leading to a continued strong financial performance at cable for the foreseeable future,” Roberts said. 

Cavanagh said, “When compared to the prior year, growth in our subscriber base and ARPU drove a 5.7% increase in broadband revenue. According to the growth rate in the second quarter, the ARPU for broadband climbed by 3.7 percent on an annualized basis.”

In its earnings call three months ago, Comcast mentioned ARPU growth and said that pricing increases contributed to the Q2 gain in per-user revenue. CEO of Comcast Cable, David Watson, stated at the time, “In broadband alone, we saw extremely robust ARPU growth, 3.6 percent, with half being rate-driven and the other half just how we manage tier mix.”

Roberts highlighted yesterday, though, that Comcast is “we are giving our stockholders a sizable capital return. We distribute around $5 billion in dividends annually, and through the third quarter of this year, we have bought back $9.5 billion of our own shares.”

Broadband profits

The three-month period saw $6.135 billion in broadband revenue. This includes residential and corporate customers, which comes to around $63.55 per subscriber each month. The revenue for broadband in Q3 2022 increased from $5.8 billion in Q3 2021 to $6.107 billion in Q2 2022.

Comcast has a number of strategies for increasing revenue from current customers. This includes selling mobile plans; Comcast increased its total number of cell lines to 4.95 million during the quarter by adding 333,000 new wireless lines. As a result, revenue from wireless services climbed 30.8 percent to $789 million. Comcast also offers home security services.

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Costa Rica to regulate and exempt crypto transactions from taxes

The central American country Costa Rica has introduced a bill in the country’s legislation to regulate cryptocurrency such as bitcoin in the country. The bill in the legislation has been introduced with a provision like tax exemptions from crypto transactions.
As per the legislators of the country, this move will help the growth of the country as a foreign investment option and the county will witness employment generation by the associated parameters of the bill, after the implementation of the bill in the country.

 

What is the proposed legislation in Costa Rica?

As per bill, number 23,415, the Cryptoassets Market Law (MECA)” bill, the legislation in the country wants to work on the regulations and recognition of the cryptocurrencies like bitcoins as a part of digital trade in the economy of the country. This will help the conventional banking system to work in an integrated manner with the crypt currency platforms like crypto wallets as a part of economic growth and the increase in the cryptocurrency reserves in the country.

The bill will specify the protective measure and the investment clarity options for all individuals and businessman who wants to invest in cryptocurrency as an investment option in the country.
The bill wants to emphasize the rights of citizens of the country to allow cryptocurrencies as a form of payment option in the economy of the country.

What tax benefits will the Costa Rica cryptocurrency bill provide?

The bill will provide tax benefits to all the users who will carry out the purchase of cryptocurrencies in the country. In this manner, The bill will prohibit the government from any tax imposition on the prices of any goods or services from the country. Along with this, the bill is also having a provision for the prohibition of taxes on crypto storage in the country.

Which transactions will apply taxations under the Costa Rica cryptocurrency bill?

The cryptocurrency generated after the process of mining will be liable for taxation in the country. Also, the profits from cryptocurrency trading will be considered income tax as per the provisions in the bill.

Which other countries are regulating cryptocurrencies?

The neighboring countries of costa Rica have already started their movements in its economists regulating the cryptocurrencies like Panama, the neighboring country of costa Rica has started to accept cryptocurrency in the country. The other neighboring country of costa Rica El-Salvador has already accepted the crypto bitcoin as its legal tender. One African country, the Central African Republic, also accepted the cryptocurrency buttons as legal tender.

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Pravaig’s upcoming electric SUV with 500km range & 402bhp peak power

Pravaig is a Bengaluru-based startup in India. The EV maker unveiled its all-new electric SUV on November 25, 2022. Now, more details are revealed about the vehicles. It is said that Pravaig’s SUV will pack 402 bhp of peak power and have a range of 500km.

Image credits- PluginIndia

The torque figures and other mechanical specifications are yet to be revealed. The model appears to be heavily inspired by the Range Rover with a strong shoulder line receding towards the rear, while the LED taillights extend shoulder-to-shoulder. The two-part panoramic sunroof and raked rear windscreen are also easily visible. Other details you can expect on the SUV include flush door handles and blacked-out alloy wheels. The front design remains under wraps for now.

That said, the upcoming Pravaig electric SUV promises to get a sharp and sleek design language that will be futuristic. The cabin, we reckon, will follow a similar theme, although we are yet to see any official images of the same. Pravaig has also revealed that the upcoming electric SUV will offer over 500 km of range with 0-80 percent charge in 30 minutes using a fast charger. The company also claims a top speed of 200 kmph with 0-100 kmph coming up in 5.4 seconds. The model will be loaded with features and is expected to include an air purifier apart from several other tech upgrades.

Battery solutions

It needs to be noted that Pravaig previously showcased its Extinction sedan concept, also electric, but the model never made it past the concept stage. The company already works in providing fixed battery storage solutions and will be branching out to the electric mobility space with its e-SUV.

In May, the CEO of Pravaig, Siddhartha Bagri said, “These batteries are designed, engineered, and made in India. This supply marks a major shift in the defense landscape of India. A tipping point in the reversal of India’s high technology defense industry, from users to developers, from importers to exporters. A feat considered impossible just a few years ago.”

The modern soldier is as much a cyborg as a human, with electronics being a major part of their equipment. Pravaig’s Field Pack provides the modern soldier and their equipment enough energy to charge the equivalent of a MacBook 60 times, the statement said. “We showed Pravaig the difficulties of the soldiers in desert, snow, urban, and forest environments, and they have come up with an amazing solution to solve the energy needs. We will showcase the Pravaig Field Pack at EuroSatory, the largest defense exhibition in Europe,” said David Amsellem, CEO of AMG Pro.

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Trump Stands by His Own Platform While Musk Takes Over Twitter

One former Twitter user who sounded quite delighted as Elon Musk formally took command of the firm was former President Donald J. Trump, who declared himself “very happy that Twitter is now in sane hands.”

In a tweet on his alternative social media service, Truth Social, Mr. Trump asserted that he was delighted Twitter “will no longer be ruled by Radical Left Lunatics and Maniacs that sincerely detest our country.” And he grabbed the chance to push Truth Social. Without specifying any facts, Mr. Trump claimed the platform was posting “bigger numbers” than other social media companies.

Elon Musk has said he believes the decision to ban former President Donald J. Trump was wrong.Credit…Haiyun Jiang/The New York Times

The potential of Mr. Trump’s return to Twitter — he was banned after the Jan.

The subject of much speculation since Mr. Musk announced his intentions to buy the company and take a less harsh approach with users who post objectionable and provocative content — has been the subject of much speculation since Mr. Musk announced his intentions to buy the company and take a less harsh approach with users who post objectionable and provocative content.

He has stated that he wants to make the platform more of a place where a diverse variety of ideas can be openly debated. And he has stated that the decision to permanently bar Mr. Trump was incorrect.

Given his financial investment in Truth Social, it is unclear whether Mr. Trump would agree to return to Twitter. To be sure, Twitter is a competitor, but it also has far more reach than his young new site. Truth Social’s monthly traffic has recently been stable, according to the data firm Similarweb.

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General Motors temporarily suspends advertising on Twitter following Elon Musk takeover

Elon Musk has ascended the Twitter throne, and tremors are already being felt. Several companies are taking a pause to watch over the new direction Twitter takes under the control of Elon Musk. Musk is known for his questionable choices, and most are not ready to take a chance. Tesla’s rival, General Motors has already suspended advertising on Twitter for a temporary period following the takeover of the company by Musk. The reason stated for the same is quite valid. They just want to take a moment and see what Twitter under their rival looks like, and then decide if it is worth it. The Detroit automaker will continue to interact with its customers on the platform, however, it will not pay for advertising.

The What and Why

After dramatic ups and downs, Elon Musk has finally taken over Twitter. It is imperative that the platform will undergo some major changes in accordance with Musk’s own ideologies and policies. Given the fact that the platform is in a stage of transition, General Motors in addition to several others is taking a step back to observe and evaluate these changes.

“We are engaging with Twitter to understand the direction of the platform under their new ownership. As is the normal course of business with a significant change in the media platform, we have temporarily paused our paid advertising. Our customer care interactions on Twitter will continue,” General Motors said in an emailed statement. The rivalry between Tesla and General Motors is a known story. In fact, the automaker even announced billions of dollars in spending to compete against Tesla, under CEO Mary Batra.

Ford is another Tesla rival that doesn’t advertise on Twitter. The plight was the same even before the Musk takeover. A Ford spokesperson stated that the company will “continue to evaluate the direction of the platform under the new ownership.” Just like General Motors, Ford continues to engage with its customers on Twitter.

The New Direction

Ever since the takeover saga started, the new direction that Twitter will take under Musk has been a fundamental plot device. Musk had even stated that he will restore banned accounts like that of former president Donald Trump, creating quite a tremor on Twitter. While some are quite in agreement with Musk’s ‘free speech absolutist’ ideologies, others are skeptical.

Now it seems like Musk intends to keep the content in check. On Friday, Musk stated that he plans on a “content moderation council,” and chances are it will be exactly like the name states. Musk had also mentioned that he doesn’t intend to make Twitter a “free-for-all hellscape.”

 

 

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New CEO, New Twitter: Elon Musk to change certain bugs of Twitter, read to know more!

After Elon Musk took over Twitter’s possession, after six months of conflict, the world will see many big changes that are going to be associated with it.

 

Twitter’s new CEO, Elon Musk recently changed his Twitter bio to “Chief Twit”.

 

Elon after attaining Twitter is hopeful to make several modifications essential for the platform. The following changes are:-

 

 

The first change Elon did was to fire the CEO, CFO, and some other executive members. Musk was very consistent at one thing and clear about it was to make Twitter a “free speech” social media platform. However, that particularly did not indicate that the platform will tolerate any sort of hate speech and abuse.

 

He will also work on restoring banned accounts. Recently, he talked about reviving Donald Trump’s Twitter account and many others. He felt that the ban was unnecessary and a mistake so restoring the account will prove the success of Musk’s succession.

 

An edit feature will be provided to people to further edit their tweets. This feature was in public demand for a very long time. The test for the feature was ongoing since last month.

 

 

Content moderation: Elon wants a platform where we can select our desired experience according to our preferences. For example, to see movies or play video games ranging from all generations. He has a vision for Twitter to become a common digital town square where people can discuss and debate all kinds of sentiments and things in one place.

 

To get rid of Twitter spam and scam bots like phishing scams and crypto get-rich-quick schemes. As Twitter has major issues with bots. This is also one of the reasons for Elon Musk backing out from the deal before.

 

To add, more employees may have to leave Twitter. Elon Musk visited the headquarters of Twitter located in San Francisco, where he talked with the employees about the necessary things that need to be taken care of. He expressed his views that he might have to fire more employees if found required.

 

Musk also mentioned that he doesn’t want Twitter to be the only social media app as it has much more potential by turning it into a “super-app”. Elon is furthermore trying to give access to Twitter to more and more countries.

 

So far we have caught the enthusiasm of Elon Musk to change a big platform like Twitter within years. Thus, in the coming years, we are likely to notice various changes made by him.

 

 

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Twitterati reacts as Parag Agrawal and Ned Segal leaves San Francisco HQ

It looks like the ‘Chief Twit’ has already taken over the steering wheel at Twitter. As the long-drawn battle between Twitter and Musk comes to a dramatic end, there are some packings and unpacking happening at the Twitter Head Quarters. There are people leaving, and some coming in (with a sink no less). Reports suggest that the Twitter CEO, Parag Agrawal, and the finance chief, Ned Segal have left the company’s San Francisco headquarters. This means that Elon Musk is now in charge of Twitter, and netizens are beyond excited. Because, it is a fact well known that whatever Musk touches turns into dramatic gold. Read along to know more.

Parag Agrawal

Entries And Exits

Twitter CEO Parag Agrawal and Elon Musk has a history of hostility, and it seems like the bitter chord between the two is still the very same. Looks like Musk’s first step after taking charge of Twitter was to remove all possible barriers. If the reports are to be believed, in addition to Parag Agrawal and Ned Segal, the head of legal policy, trust and safety, Vijaya Gadde was also sacked.

Friday was the deadline for Musk to complete the $44 billion deal. The alternative was a legal battle with the company, and Musk has indeed chosen wisely. Musk confirmed the completion of the deal through a tweet. Take a look.

the bird is freed

— Elon Musk (@elonmusk) October 28, 2022

It was back in the month of April that the whole Twitter vs Musk saga commenced when the company accepted Musk’s proposal to buy the social media service and take it private. Soon enough things took a sharp turn as Musk backed out of the deal alleging that the company failed to provide adequate and relevant information regarding the number of fake and spam accounts on the platform. Twitter was not read to bow head in defeat. Things took a legal turn as the company sued Musk for refusing to “honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”

As the legal road became more complicated, Musk finally had a change of heart in October, declaring that he was willing to go forward with the deal. And now the dramatic saga has touched the finish line with Musk finally taking charge as the head of Twitter. The departure of the CEO and CFO of Twitter following Musk’s ascension to throne undoubtedly caused ripples on Twitter. Let us flip through a couple of reactions and responses.

BREAKING: Twitter CEO Parag Agrawal and CFO Ned Segal have left the company, leaving Elon Musk in charge of Twitter.

— Benny Johnson (@bennyjohnson) October 28, 2022

Industry analysts forecasting a massive exodus of accounts.

— Lon (No, not like the front lawn moron) Wahlberg (@hey_lon) October 28, 2022

@elonmusk good luck trying to find anyone that can replace those two! In a species of only 8 billion. Again, good luck!

— Atticus (@acusian) October 28, 2022

As long as it stays free, it’s all good. If he starts charging, even a minimal amount, there will be an exodus. His business, he decides.

— FactCheckerInKS (@factcheckernks) October 28, 2022

No more racists owning the platform! Love to see it!

— Austin Tucker (@00TucksGiven) October 28, 2022

https://t.co/AsEXxmneTg

— Matías (@Matfav) October 28, 2022

Friday morning at Twitter HQ @AmyOlso70134207 @CrystalHope1979 @22liv22 @QPortunia @Nance726 @Mousecat1980 @_SierraBreeze_ @catturd2 pic.twitter.com/wtpxz2bk7a

— Jim Marshall (@Jimemarshall) October 28, 2022

Job well done by both of them, sold the company for well above market value, will likely get a fat bonus on the way out.

— Craig McDonald (@CraigMc42277055) October 28, 2022

They were fired!

— Robert Pace (@robertlenpace) October 28, 2022

Some are saying they were fired. By Musk.

— JR1776 (@JerRobbins1) October 28, 2022

Is that little twitter bird going to turn red?

— Reddog1776 (@seeyababe761) October 28, 2022

 

 

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Telegram groups become beacons of hope in a war-torn Ukraine

War is a catastrophe with absolutely no silver linings. No number of victories and badges could justify the toll it takes on human life. Ukraine had been struggling to break loose from the sharp claws of war ever since Russia took over the country. Even after the Russian troops retreated, the scars left by the war are still as fresh as in the beginning. There are people who lost their lives, and there are several others about whom their families have no information. In the haze of the war, these people vanished without a trace, and their loved ones are trying their best to locate them, or at least know if they are dead or living. For these people, social media platforms are becoming beacons of hope. They post messages every single day in the hope that someone somewhere might have a clue about their dear ones. Read along to know more.

Source: Vanity Fair

Telegram Groups

Residents of Lyman, Ukraine post messages on Telegram every single day in an attempt to find their loved ones who disappeared over the last five months. During the time of the Russian occupation, obtaining information about anyone or anything was entirely out of question. Lyman was at the receiving end of Russia’s brutal attack that greatly affected the population. Following the attacks, Lyman which had a population of over 20,000 decreased to just 5,000.

War ends, but the memory of it has the power to seep through generations. Lyman is liberated now, and yet people are tormented by the uncertainty surrounding people who went missing during the time of the conflict. The telegram groups do their bit in alleviating this uncertainty to some extent as they come with a tinge of hope.

Channels Of Hope

Hope comes in different forms. In war-torn Ukraine, hope is synonymous with Telegram groups. A woman named Catherine started ‘Lyman Online’ in the month of May. This Telegram channel was created in the hopes that it would become a resource for her hometown. At the moment, the channel has over 3,200 members. Every single day, Catherine religiously posts pleas for any information about people who went missing.

“At first, I was only helping people I knew, and then I started helping everyone. People wrote in personal messages. There were too many. So I created a group where people write text messages, and there I send information,” said Catherine.

It was during the periods of intense fighting in Lyman that the platform was crowded with the most number of messages. During these times, communication channels will be cut off, adding to the anxiety of worried relatives who write in the group.

 

 

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Why Crypto Is So Popular in Turkey

It has been a harsh year for crypto. Costs have plunged, projects have fallen and organizations are laying off representatives. In the U.S., bitcoin doesn’t seem, by all accounts, to be going about as the expansion support it should be. A nation like Turkey gives a few responses. After discussions with almost two dozen individuals in the Turkish crypto local area, I got a brief look at a world wherein crypto is definitely not a game, however a need.

Nor has it been a place of refuge from the disturbance of the securities exchange. In any case, one could inquire: Why bother with crypto?

Crypto fever is tangible in Istanbul. The region around the Fabulous Marketplace has a few private ventures where you can simply stroll in and trade cash for bitcoin (BTC) or tie (USDT). My partner said the main thing she saw at Istanbul air terminal was a colossal crypto promotion. There are no less than 8 million individuals in Turkey participating in crypto, as per a gauge in a 2022 examination report by the Turkish crypto trade Paribu, one of the biggest crypto trades in Turkey. Simply last week, President Recep Tayyip Erdoğan featured the advantages of blockchain innovation, while encouraging youngsters to avoid betting with digital money. He likewise said that Turkey needed to be a maker, not a customer, in the computerized resources world.

 

Obviously, Turkey isn’t resistant to the worldwide crypto slump. Paribu’s 2022 exploration reports the trade’s everyday exchange volume at $145 million, down from $850 million out of 2021. Yet, nearby excitement stays solid. Turkey’s crypto local area is supporting Devcon, Ethereum’s greatest designer occasion, to be held in Istanbul.

 

There have been different traditional press articles that depict crypto as a shelter from Turkey’s high as can be expansion and the precarious depreciation of the lira. The falling lira is a major piece of this story, yet it doesn’t completely make sense of crypto’s nearby allure. In Turkey, crypto addresses a sort of opportunity: from the public money, from the public authority’s financial strategies and even from the limitations of corporate life.

 

“Crypto is fundamentally a rescuer for some people here both according to a monetary viewpoint, and furthermore according to a psychological viewpoint,” said Vidal Arditi, the Istanbul-based organizer behind Layka DAO and Lunapark Web3 Center point.

 

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ARK’s Cathie Wood Bought $100K Worth of Bitcoin Years Ago at $250 and Has Never Sold It

Showing up on Peter McCormack’s “What Bitcoin Podcasted,” ARK Venture The board Chief Cathie Wood said she bought $100,000 worth of bitcoin (BTC) when it was exchanging around $250 (which would propose at some point in 2015). She said she hasn’t sold any of that underlying speculation, meaning her ongoing benefit on that $100,000 bet would be around $7.6 million.

 

Cathie Wood, whose firm she helped to establish is centered around creative and troublesome ventures, expressed that while she had the option to make that individual bet on bitcoin, she was unable to do likewise in the ARK supports themselves as they were and are simply permitted to put resources into protections.

 

ARK in the long run had the option to get bitcoin openness through the Grayscale Bitcoin Trust (GBTC). The ARK Cutting edge Web Asset (ARKW) right now holds around 5.9 million portions of GBTC esteemed at generally $67.4 million.

 

Cathie Wood keeps on being bullish on bitcoin, and sees the Grayscale Trust – as of now selling at about a 35% markdown to net resource esteem – as exchanging at a “fire deal” cost given the opportunity that sooner or later it will be cleared to change over into a spot trade exchanged reserve (assuming controllers permit).

 

Grayscale is claimed by CoinDesk parent organization Computerized Money Gathering.

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A Thai businesswoman pays $20 million to purchase the Miss Universe Pageant.

The Miss Universe Organization has been acquired by a transgender rights activist and celebrity media entrepreneur from Thailand for $20 million, according to her firm. This is the first time a woman has owned the organisation that organises beauty pageants.

The CEO and largest shareholder of JKN Global Group Pcl (JKN), Jakapong “Anne” Jakrajutatip, is well-known in Thailand for appearing on the country’s local adaptations of Project Runway and Shark Tank.
She founded the Life Inspired For Thailand Foundation to promote the rights to dignity and opportunities for transgender persons, and she has been outspoken about her experience as a transgender woman.

According to Jakapong, the acquisition is “a significant, strategic addition to our portfolio,” and Miss Universe hopes to grow in Asia with its content, licencing, and merchandising potential.

Documentaries and Bollywood dramas are among the international programmes that JKN distributes in Thailand in addition to its own original programming. In early Wednesday trading, its shares increased by about 10%.

According to Jakapong, the purchase is “a significant, strategic addition to our portfolio,” and Miss Universe hopes to use the acquisition to expand its content, licencing, and merchandise offerings.

The Miss Universe Organisation, which Donald Trump co-owned between 1996 and 2002, holds an annual beauty pageant that has been aired in 165 nations for 71 years.

 

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Is Twitter crashing? Twitter lost its membership count since the pandemic

Twitter has been occupied with the ongoing trial with Elon Musk which will be closed this Friday. Billionaire Elon Musk along with its co-investors are all set to buy Twitter at $44 billion.

 

Although it is good news, Twitter is already paying its price as many heavy tweeters are declining from the platform with no sign of coming back.

 

Who are “heavy tweeters”?

 

Twitter users who use Twitter six to seven times per week and tweet at least 3 to 4 times a week are defined as heavy tweeters by Twitter Inc. According to reports, they have been declining in huge numbers since the COVID-19 pandemic.

 

Heavy tweets are about only 10% but it generates half of the global revenue and 90% of the tweets are shared by them. It includes celebrities, politicians, industrialists, and sports personalities, etc. like Rihana, Katy Perry, Taylor Swift, Elon Musk, Barack Obama, Ronaldo, etc.

 

 

Why is Twitter losing its active users?

 

Twitter’s internal research found that there are heavy users who are interested in content like NSFW cryptocurrency which is growing constantly. Among the popular social media platforms, Twitter is one of the few platforms that allows nudity. Research declared that adult content contributes to 13% of Twitter alone, according to a report by Reuters.

 

Most advertisers stay away from controversy or nudity because it can damage their reputation as well as their brand. Major advertisers like Forbes, PBS, and Dyson suspended advertising on Twitter due to some accounts demanding child pornography on Twitter, reported in September by Reuters.

 

English-speaking users who are most active on Twitter have also seen an increase in interest in cryptocurrencies, reaching an all-time high in late 2021, internal documents showed. But interest in cryptocurrencies has decreased since the crypto market crashed in June. The study showed that growth in this field is hopeless in the future.

 

Since the number of English-speaking users is more, the interest in topics clashes among Twitter users. Topics such as sports, and entertainment have seen a drastic decline among those users which has ultimately affected the other users and advertisers.

 

Most of its revenue from Twitter is earned in the United States alone as compared to half of its market. The ads may have targeted the US-based Twitter user, Jasmine Enberg, who is an analyst at Insider Intelligence.

 

Several investigations were carried out to find out the exact reason why there has been a decline in users. Sadly, no perfect conclusions turned up.

 

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Google Lands in Trouble as India Fines the Company $113 Million for Abusing Play Store’s Dominance

According to recent reports, Google has landed in trouble again as India has fined the company $113 Million for abusing Play Store’s dominance. Read the entire article to learn more about this interesting piece of news.

About the fine

After a long investigation, the Competition Commission of India said Google’s requirement for Play Store developers to use its billing system “constitutes an imposition of unfair condition,” as TechCrunch reports.

The regulator found that Google didn’t use the billing system for its own apps, which it said constituted an “imposition of discriminatory conditions.” The probe into Google has been going on since the year 2020 by the Competition Commission of India. According to them, the need to for Play Store developers to use its billing system is extremely wrong and unfair. Therefore, the agency has given Google a period of three months to open the Play Store to third-party payments as well.

The Competition Commission also stated that Google must be fully transparent with Play Store developers and that it can’t impose any condition on them “which is unfair, unreasonable, discriminatory or disproportionate to the services provided to the app developers.”Furthermore, Google will need to have a clear and transparent data collection policy, and it will not be allowed to use “competitively relevant transaction/consumer data of apps generated and acquired” through the Google Play Billing System to its competitive advantage.

About Google

It is safe to say that majority of people know what Google is and what work it does. The company has managed to make its mark in every country and also in everyone’s hearts and minds. In today’s time, the answer to everything is Google. Whether it’s a silly maths problem or a messy breakup, Google provides you with all the information you need to deal with problems in the real world. Since it came into existence, the company has managed to exceed everyone’s expectations and in today’s time, it is one of the most successful companies in the whole world. Sundar Pichai is currently the CEO of Google.

About Sundar Pichai

Sundar Pichai continues to be a source of inspiration for many people who have a lot of struggles ahead of them before they make it big in the world. Sundar Pichai was an ordinary man with no one to back him, it is his hard work and dedication that paid off and got him where he is today. Since his inception as the CEO of Google, he has done nothing but lead the company onto the pathway to success.

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Rishi Sunak’s Wife , Akshata earned Rs 126.6 Dividend Income From Infosys in the Year 2022

According to recent reports, the new British PM’s wife, Akshata Murty earned Rs 126.6 crore dividend income from Infosys in the year 2022. Read the entire article to learn more about this news piece.

About the earnings

The daughter of Narayan Murthy, Akshata Murty earned a large amount of Rs 126.6 crore due to shareholding in one of the largest firms in India, Infosys. She has been in the news since her husband stood in the race for UK’s new prime minister. At that time, her spokesperson had stated that as a citizen of India, she was unable to hold citizenship of another country and that “she has always and will continue to pay UK taxes on all her UK income.”As the controversy spread she at that time announced that she would pay UK tax on all of her worldwide earnings out of a “British sense of fairness”.

About Infosys

For people who do not know much about the company, this article is here to give you an idea about the firm. It is one of the largest firms in India and its work revolves around providing digital services and consultancy. It came into existence in the year 1891 and since then it has done nothing but exceed people’s expectations and made its way to the top. The company has been quite successful and is known to a majority of people in the world. It is one of the leading companies in digital services and consultancy. The company also has a foundation that gives importance to the upliftment of the underprivileged section the society. The foundation plans on providing them with equal opportunities so that they can make it big in the real world.

About Akshata Murty

She is known to be the daughter of Narayan Murthy who is the co-founder of Infosys and the wife of the newly elected UK Prime Minister Rishi Sunak. She was recently in news due to a controversy regarding her non-domiciled tax status in the UK.  As per British Law, this means that she doesn’t have to pay anything from the dividend that she receives from overseas companies. There were several questions raised about her income as well as due to the Ukraine-Russia war, their economies haven’t been doing that well and some parts of Infosys operate in Russia. Right after this, Infosys decided to move out of Russia seeing the situation getting worse before the war with Ukraine.

 

 

 

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Army specialist goes viral for speaking out in wake of soldier’s mysterious death

An army specialist’s video where she speaks out about assault within the army has gone viral, piquing the attention of multitudes of users worldwide. In the TikTok, the army specialist stationed in Germany expresses her fear for her life as her superiors ignored the abuse against her and her fellow soldiers. Read along to know more.

Source: daily dot

The What and Why

The aforementioned video was posted on the 6th of October and the woman claims that she is Spc. Thomas, in the 21st Theater Sustainment Command, stationed in Germany. In the video which went viral, Thomas clearly states that she is terrified as she thinks the army is trying to kill her and that if she is found dead, it is not suicide. What adds to the fear and anxiety is the mysterious death of another soldier, Denisha Montgomery. If what Thomas says is true, the truth about Mongomery’s death was distorted to present the army in a positive light and to hide the truth about abuse. Thomas added that she has been sharing her worries with her family, just like Montgomery did before she died.

Denisha Montgomery was found dead in the month of August, and her death was ruled out as a suicide. As of now, her family is disputing the cause of her death. According to the statements from the Montgomery family, she had been in touch with them before her death, and she had told them about an assault by another officer. She even showed them the bruises on her body. Although the army stuck to the suicide narrative, Montgomery’s family is determined to collect all the necessary evidence to bring out the truth behind the mysterious death.

In the TikTok video, Thomas also mentioned that she couldn’t even sleep at night due to the anxiety that someone will come in and assault her. The key to her room has been missing, according to what she stated in the video. She added that the primary reason for her speaking out now was an assault she witnessed a week before and the way it was handled. Her video garnered over 7 million views. She has also made two update videos after the first one to let people know that she is OK. Thomas also expressed her disappointment at the fact that it took a TikTok video for those in charge to do their jobs.

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Wendy’s employee mocks customers who request ‘no salt on fries’ on $50 order

TikTok has grown to become the most ideal platform where people from different walks of life make interesting revelations. From influencers to fast-food employees, the spectrum is quite varied. For a while now, fast-food employees have been expressing their feelings on TikTok about the illusory healthy modifications to their otherwise unhealthy orders. This feat of sprinkling a pinch of health to sate the guilt of unhealthy choices has now become a major source of humor for the fast-food employees who are leaving no stone unturned in pointing out the futility of these ‘healthy’ modifications. Read along to know more.

A Pinch Of Health

The starting point of this trend was a video posted on TikTok by a user named Will (@whyareyouherebozo). He recorded the video while he was working at Wendy’s. The text overlay on his video reads, “How customers feel saying ‘no salt on the fries’ after placing a $50 Wendy’s order.” The video was uploaded back in August and it has garnered over 320,000 views. He guffaws while sharing his take about these ‘healthy’ tweaks, “Like girl, don’t even worry about that Diet Coke.”

It is not hard to figure out that Will’s video is basically calling out those customers and their last-minute modifications to orders to add an illusion of health to an otherwise unhealthy order. The basic and simple question Will puts forth through this video is whether these changes are actually helpful.

Several commenters were in agreement about the fact that these changes were completely unnecessary and futile.

“It baffles me how much people spend at these awful food places,” a comment says.

“At Chick-fil-A, people always order frosted lemonade with diet lemonade that cancels out like 70 percent of the cup that has ice cream in it,” wrote another.

Will’s advice on this is simple, “I am saying. Like at this point, take the diabetes and enjoy life.” As simple as that.

While most users were convinced about the futility of the diet tweaks, some wondered if the ‘no salt on fries’ instruction was actually diet related. Some commenters were of the opinion that they ask for no salt on fries in order to ensure that they get fresh fries, and this has nothing to do with diet or health. However, Will happily assures them by saying that adding or not adding salt to the fries does not make any significant difference to the fries. Employees preparing fresh fries for every individual order is neither practical nor practiced.

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Hong Kong officials announce Q1 2023 crypto bill to address rapidly expanding market

Soon after Hong Kong’s controllers declared the chance of permitting retail financial backers to take part straightforwardly in putting resources into digital forms of money, the region’s administration is currently purportedly dealing with a crypto charge that would set clear strategies to help the market’s extension.

 

Without a doubt, the bill relating to the cryptographic money guideline is supposed to be passed in the Regulative Gathering in the principal quarter of 2023, as per Liang Hanjing, overseer of monetary innovation at InvestHK – the regional’s administration division for unfamiliar direct speculations, as Baidu provided details regarding October 22.

 

His declaration shows up soon after Hong Kong’s money secretary Chen Maobo and depository division secretary Xu Zhengyu had informed the general population about the normal arrival of clear approaches on crypto resources during the Hong Kong Fintech Week that will open on October 31.

 

As per Lian Hanjing, the public authority expects to “lay out a permitting framework for virtual resource specialist organizations (VASPs),” taking into account that there are now such stages working in Hong Kong and that such exchanges convey tax evasion chances. As he further made sense of:

 

“Any individual working a business giving virtual resource administrations in Hong Kong, or effectively elevating virtual resource administrations to the Hong Kong public, should submit to The Hong Kong Protections and Prospects Commission [that it] has applied for and gotten a VASP permit ahead of time, and [that it] maintains the significant enemy of tax evasion and hostile to fear based oppressor funding regulations and guidelines.”

 

Liang Hanjing expects that the bill containing this change will be passed in the city’s Administrative Chamber in the main quarter of 2023. By then, he accepts that more VASPs will apply for licenses from controllers, and that cryptographic money exchanging Hong Kong would “thrive.”

 

As Finbold prior announced, the public authority of Hong Kong is thinking about allowing retail financial backers to partake straightforwardly in putting resources into computerized resources. With this thought, it expects a different position from that of central area China in the midst of the fintech departure that is giving Singapore an edge as the crypto business center point.

 

Presently it appears to a be that the area’s specialists are facilitating their position on the business, months subsequent to reporting that the impending Enemy of Tax evasion and Counter-Psychological oppressor Supporting Bill would incorporate a change presenting weighty financial and jail fines for unlicensed crypto organizations and their promoting.

 

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Binance is ‘narrowing down’ identity of hacker behind $570 million crypto attack, CEO says

Cryptographic money trade Binance is drawing nearer to sorting out the personality of a programmer that coordinated a $570 million hack on its BNB blockchain, Chief Changpeng Zhao told CNBC Monday.

 

Subsequent to getting a few hints from policing who the programmer may be, Binance is presently “reducing” the individual or people behind the assault, Zhao said in a meeting on CNBC’s “Cackle Box Europe.”

 

The assault being referred to saw a supposed cross-chain span focused on, permitting an at this point obscure programmer or programmers to pull out 2 million of Binance’s BNB tokens worth around $570 million at that point.

 

More than $1 billion has been lost to breaks on cross-chain spans up until this point this year, apparatuses that work with the quick exchange of tokens starting with one blockchain stage then onto the next, as per Chainalysis information.

 

Famous in the realm of “DeFi,” or decentralized finance, spans have turned into a hot objective for crooks because of flaws in their basic code.

 

“We’re still really pursuing … helping [authorities] to pursue the awful players, working with policing the globe,” Zhao said. “Working with policing one of the manners in which that we can attempt to make the space safe.”

 

“As a matter of fact, in this specific moment, policing us a few hints of who they figure it very well may be. So we’re really reducing.”

 

Binance mediated to restrict the harm of the assault, stopping movement on its BNB Chain blockchain network subsequent to planning with network validators — people and elements that approve exchange endorsements — to institute an update.

 

Zhao, who is usually alluded to as “CZ” on the web, said this implied BNB Chain had the option to forestall the greater part of the designated assets from being taken by the programmer.

 

“The blockchain had the option to freeze around 80% to 90% of it, so its genuine loss was a lot more modest,” he said.

 

“By far most of the assets stay taken care of,” Binance’s BNB Chain said in an explanation at the hour of the hack. About $100 million was unrecoverable, BNB Chain added.

 

The BNB Chain, initially known as Binance Chain, was first evolved by Binance in 2019. Like other blockchains, it includes a local token, called BNB, that can be exchanged or utilized in games and different applications.

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