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Amazon reportedly in talks to buy stake in India’s Bharti Airtel
Jun04

Amazon reportedly in talks to buy stake in India’s Bharti Airtel

Amazon is reportedly in talks to buy a stake that is worth at least $2 billion in India’s telecom giant Bharti Airtel. Citing three people familiar with the story, Reuters reports that the deal could reignite the digital economy of India. If all goes to plan, the deal would see Amazon acquiring about 5 percent stake based on current market value of Bharti. It would also give the telecom giant a boost as it seeks ways to compete...

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Snap’s Dynamic Ads rolls out to companies globally
Jun03

Snap’s Dynamic Ads rolls out to companies globally

Companies around the world will now have access to Snap’s automated advertising also known as Dynamic Ads. This move will make it easier for both retailers and brands to sell products to relevant consumers through the Snapchat app. Businesses through Snap’s Dynamic Product Ads [DPAs] will be able to upload their catalog to Snap before products are then automatically put into a template and shown to target users within the app. Ads...

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Uber riders in the US can now book trips by the hour
May31

Uber riders in the US can now book trips by the hour

Uber riders in the US will from next Tuesday June 2 have the option of hailing ride by the hour. This is the company’s own way of offsetting the effect of the coronavirus pandemic. Uber, according to VentureBeat, had already trialed the feature in a couple of cities across the world including Europe, Africa, Australia, and the Middle East, and is now poised to launch it in the US this Tuesday. According to the report, riders in 12...

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Instagram opens the door for creators to monetize their content
May27

Instagram opens the door for creators to monetize their content

Instagram has finally opened up money-making access to its creators to monetize their content on the platform. This important milestone is a game changer that will encourage creators and make them feel they are an important part of the platform. Facebook-owned Instagram announced today that it will start displaying ads on its IGTV video app. It also announced that revenue accruing from such ads will be split with influencers who...

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Facebook has launched “Shops;” a new way for businesses to set up free storefront
May19

Facebook has launched “Shops;” a new way for businesses to set up free storefront

Through Instagram and its parent company Facebook; Facebook has never hidden its desire to offer opportunities for businesses and individuals to thrive. The need for businesses to evolve online has never been more spoken of than now—the coronavirus pandemic continues to stretch the innovative abilities of businesses. On Tuesday, Facebook launched Shops; a new way for businesses to set up free storefronts on both Facebook and...

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Uber is laying off another 3,000 employees
May18

Uber is laying off another 3,000 employees

Uber has parted ways with another 3,000 employees as a fallow out of the current harsh economic trend spreading across nation—no thanks to the COVID-19 pandemic. In addition, the company is also closing 45 offices, and planning to overhaul its business approach in areas such as freight and autonomous vehicle technology reports TechCrunch. “I knew that I had to make a hard decision, not because we are a public company, or to protect or...

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