PayPal to acquire Pinterest

PayPal Holdings Inc (PYPL.O) has made an offer to buy digital pinboard site Pinterest Inc (PINS.N) for $45 billion, a combination that may herald additional financial technology and social media tie-ups in e-commerce. It would be the largest social media acquisition ever, surpassing Microsoft Corp’s (MSFT.O) $26.2 billion purchase of LinkedIn in 2016. The deal talks come as online consumers increasingly buy products they see on social media, frequently by following “influencers” on platforms like Instagram and TikTok. By acquiring Pinterest, PayPal would be able to take a larger share…

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Redmi note 11 is set to arrive on October 28th

Xiaomi’s most popular Note series is about to receive an update. The Redmi Note 11 series will be released on October 28th, according to the company. New Redmi Note 11 launch posters have been teased, giving us a closer look at this upcoming device. The latest picture shows the Redmi Note 11 in a misty forest colour scheme. On the back, there is a rectangular camera module that looks to house four cameras and an LED flash. The rest of the display is plain, but for a Redmi 5G branding…

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B2B Agritech startup raised huge investment

FarMart, a B2B Agritech startup, has raised $10 million in a Series A funding round headed by Matrix Partners India. Innoven Capital, as well as existing investors Omidyar Network India, Avaana Capital, and 500 Startups, joined the round, along with a few angel investors. Angel investors including Amit Lakhotia (Founder, Park+), Jitendra Gupta (Founder & CEO, Jupiter), KP Balaraj (Ex-founder, WestBridge Capital and Sequoia Capital India), Of Business Founder’s Fund, Revant Bhate and Dhyanesh Shah (cofounders, Mosaic Wellness) also participated in the round. The funds will be used to extend…

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Donald Trump’s own social media platform “TRUTH SOCIAL”

Following bans from Facebook and Twitter, former US President Donald Trump is launching his own social media network. Trump’s social media network will be named “TRUTH Social,” and it will “defy Big Tech’s tyranny.” The social networking app is expected to be the first initiative of the Trump Media and Technology Group (TMTG) after its merger with Digital World Acquisition Group, which is led by the former US president. “We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been…

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Microsoft allows windows 11 beta testers to download android applications on their systems

Microsoft is now allowing Windows 11 testers to try out Android applications. From Wednesday, a new preview version of Windows 11 allegedly made available to beta testers. Testers using Intel, AMD, or Qualcomm-based CPUs will be able to try Android apps from the Amazon Appstore in Windows 11. Microsoft has also partnered with Amazon to provide a collection of 50 apps for Windows Insiders to test on the operating system. The apps include mobile games such as Lords Mobile, June’s Journey, and Coin Master, as well as reading apps such…

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Elon musk takes a dig at big tech companies again

Elon Musk has once again slammed major tech companies such as Google and Facebook. Musk, who doesn’t hold back his opinions on Twitter, blasted the Big Tech giants including Facebook and Google in a post. He had aggressively attacked Facebook CEO Mark Zuckerberg in the backdrop of the violence at the US Capitol. Musk had previously criticized Amazon for censoring the release of a book about the coronavirus. In a response to a tweet, Musk stirred yet another controversy by referring to major tech companies as “places where talent dies.”…

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Good Glamm acquires digital media start-up ScoopWhoop

Digital media and lifestyle content platform ScoopWhoop has been acquired by Good Glamm Group, which is continuing its acquisition binge in the content and commerce space. Noting that the New Delhi-based digital media platform caters mostly to men, Good Glamm group said that it will invest INR 500 crore in the men’s category over the next three years. ScoopWhoop will continue to operate as an independent brand and media house under the Good Glamm Group, and its founders Sattvik Mishra, Rishi Pratim Mukherjee, and Sriparna Tikekar will remain in charge,…

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Microsoft launches a new initiative to help startups in India

Microsoft launched a new initiative called Microsoft AI Innovate on Wednesday for nurturing and scaling startups that use artificial intelligence (AI). The 10-week project will assist startups in India that are leveraging AI technology by helping them in scaling operations, driving innovation, and developing industry expertise. This programme’s quarterly batches are open to both B2B and B2C companies from a variety of industries, including financial services, healthcare, education, agriculture, space, manufacturing and logistics, retail, and e-commerce. The launch cohort, which will be supported by TiE Mumbai, will begin in November…

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