PDD, the firm behind the fast-growing shopping app Temu, is shaking up China’s Big Tech club. On Thursday, news of Alibaba’s market cap sliding under that of PDD made headlines all over the Chinese internet. This development marked a historic shift in China’s e-commerce space, where for years Alibaba had held the crown jewel. Now […]
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Days after Evernote started testing a free plan with access to only one notebook and 50 notes with limited users, the company has now made this its new default free plan. The notetaking app said that this change will be applicable for all new and existing free users starting December 4. In a post on […]
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We knew it was coming, but stock-trading platform Robinhood is finally open for business in the U.K. — its first international market since debuting in the U.S. more than a decade ago. Robinhood is granting early access to the app starting today for those who join the waitlist, with things gradually opening up to everyone […]
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Days after a privacy complaint was lodged against Meta in the European Union over its latest controversial shift of legal basis claimed for processing people’s data for ads, consumer groups across the region are filing their own complaints about what the tracking giant is up to. A coalition of almost 20 consumer protection organizations is united […]
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Sam Altman is officially back as OpenAI’s CEO after a tumultuous week and change. And OpenAI officially has a new board of directors, replacing most of the board that attempted to oust Altman in the days preceding Thanksgiving. In a letter circulated internally at OpenAI and subsequently published to the OpenAI blog, Altman announced that […]
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Your move, Linda. Elon Musk said “go fuck yourself” to advertisers who recently paused spending on X after he endorsed an antisemitic conspiracy theory on the platform. On stage at the DealBook conference, Andrew Ross Sorkin asked the X owner about these pauses in advertising. Musk replied, “Don’t advertise.” “You don’t want them to advertise?” […]
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SpaceX is known for its vertical integration, but one component it’s been outsourcing is parachutes – until earlier this month, when the company quietly acquired parachute vendor Pioneer Aerospace after its parent company went bankrupt. The Information first reported the news. This is the second known acquisition for SpaceX, which acquired small satellite startup Swarm […]
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