Business

Buzz this week [7th-13th November ’21 news]

News you might have missed this week. This is your one stop for all the news surrounding technology, businesses and startups.

Business News

“Questions and Answers site – Quora preparing for IPO in 2022”
Founded in 2009 by former Facebook executives, Quora is expected to seek a valuation of over $4 billion in IPO. Knowledge-sharing website Quora has started preparing for an initial public offering (IPO) in early 2022 and has held talks to hire investment bankers for a US stock market debut, Reuters reported. It was valued at around $2 billion in 2019.

“The retail portion of the IPO of Sapphire Foods, fully booked within one-and-a-half hours of opening”
Sapphire foods which operates KFC, Pizza Hut and Taco Bell restaurants in India, on its IPO debut day recorded 49 percent subscription for its public issue. With bids for 47.11 lakh equity shares against an offer size of 96.63 lakh. The issue closed on November 11. Earlier, Sapphire Foods fixed price band for its ₹2,073-crore IPO at ₹1,120-₹1,180 apiece.

Technology News

“Second name for Tesla was Faraday”
Tesla CEO Elon Musk responding to a tweet that said Elon bought the company’s name from a firm in US’ Sacramento, for $75,000.. said, ‘The top alternate name, if we couldn’t acquire the Tesla Motors trademark, was Faraday, which a competitor ended up using.’

“WhatsApp’s Communities would let admins create groups within groups: WABetaInfo”

Whatsapp


WhatsApp is working on a Communities feature that would give admins more control over groups. According to screenshots shared by the publication, community icons will be squares with rounded corners to distinguish them from regular group chats. Communities will reportedly include the ability to create groups within groups and to invite new users via a ‘Community Invite Link’.

“Instagram testing ₹89 monthly subscriptions for exclusive content: Inshorts”

Instagram news


Instagram is testing a new subscription feature that will give users access to exclusive content from creators for a monthly fee of ₹89, as first reported by TechCrunch. Users would also be able to buy Instagram Badges that will be displayed alongside their username when they message creators or comment on their posts.

“YouTube to remove dislike button on all videos”
YouTube announced son thursday that it’ll be hiding public dislike counts on all videos. The company says the change is to keep smaller creators from being targeted by dislike attacks or harassment, and to promote “respectful interactions between viewers and creators.” The dislike button will still be there, but it’ll be private to creators for the feedback. It is to protect creators from ‘dislike/troll attacks’ when a group teams up to surge the number of dislikes on a video.

Startup News

“Falguni Nayar (CEO Nykaa), becomes India’s richest self-made female billionaire”
Falguni Nayar’s net worth rose to $6.5bn as shares of Nykaa surged as much as 90% on its market debut. Nayar who was investment banker earlier, founded Nykaa at the age of 50 in 2012.

Nykaa’s IPO was subscribed 82 times on final day

Source: https://inshorts.com/