Samsung’s Q2 2023 Operating Income Plunges, Reflecting Market Challenges Samsung’s second-quarter operating income for 2023 stands at approximately $527 million, a sharp decline from the $10.8 billion reported in July 2022. The South Korean tech giant’s consolidated sales also dipped by 6% from the previous quarter, reaching $47 billion, highlighting the challenges faced in the …
Twitter’s Rebranding Plan: Embracing the Dark Mode Twitter is reportedly set to abandon its light mode, leaving only the dark mode option. The microblogging platform is undergoing a rebranding process as per the directives of its new owner, Elon Musk, who acquired Twitter for $44 billion in October. Elon Musk Initiates Twitter’s Transformation to “X” …
Sequoia Capital Downsizes Cryptocurrency Fund Amid Market Volatility Sequoia Capital, the tech-focused venture capital firm, has reportedly downsized its cryptocurrency fund from $585 million to $200 million due to market volatility. The decision to reduce the Sequoia Crypto Fund was communicated to investors in March. Despite the downsizing, the firm highlights its track record of …
Delhi High Court Puts a Halt on Income Tax Department’s Reassessment Proceedings Against Flipkart Marketplace In a significant development, the Delhi High Court has stepped in to put a stop to the Income Tax Department’s reassessment proceedings initiated against Flipkart Marketplace, the prominent ecommerce company’s marketplace arm. The central issue in question pertains to a …
Former Byju’s Employee Reveals ‘Toxic’ Work Culture and Allegations of Unfair Treatment A heartfelt LinkedIn video posted by Akansha Khemka, a former employee of Byju’s, has drawn attention to the purported ‘toxic’ work culture prevailing at the renowned education technology company. In the emotional video, Khemka raised concerns about her termination and shared her experiences …