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Tuesday, 29 June 2021

Language-learning app Duolingo files for US IPO, reveals revenue surge

Duolingo recorded revenue of $55.4 million for the three months ended March 31. Net losses in the same period widened to $13.5 million from $2.2 million a year ago.

from Tech-Economic Times https://ift.tt/3y57s1q

Monday, 28 June 2021

Google services suffer outage in North America, Downdetector says

Google, YouTube and Gmail were down Monday evening, with users complaining of difficulty in logging in and accessing the websites in parts of North America, according to Downdetector.

from Tech-Economic Times https://ift.tt/3hktaaT

New headache for Twitter as Bajrang Dal leader files FIR over distorted India map

The police complaint filed by Praveen Bhati, a leader of the Bajrang Dal in Uttar Pradesh, accuses Twitter India boss Manish Maheshwari of breaching the country's IT rules as well as laws designed to prevent enmity and hatred between classes.

from Tech-Economic Times https://ift.tt/2TfzR61

Facebook hits $1 trillion market cap after judge rejects antitrust cases

Facebook shares rose more than 4% after a US judge dismissed a case that sought to force the company to sell Instagram and WhatsApp. The share price surge pushed Facebook's market capitalisation to over $1 trillion for the first time.

from Tech-Economic Times https://ift.tt/3A94zyl

What’s behind the insurtech boom?

In today's ETtech Morning Dispatch: Acko raises $200 million to become India's latest startup unicorn, Govt-Twitter spat set up escalate over distorted India map, Shuttl likely to shut down, and Quadria plans to invest $400-500 million in India.

from Tech-Economic Times https://ift.tt/3hd7AF6

Exotel, Ameyo join forces to address cloud-based contact centre services

The undisclosed Exotel-Ameyo merger deal will see investors representing 80% of shareholding in Ameyo exiting in cash, while CEO Sachin Bhatia and other ESOP holders in the company will get a stake in Exotel.

from Tech-Economic Times https://ift.tt/3hfQma7

Airblack raises $5.2 million from Info Edge Ventures, Elevation Capital

Airblack, an online makeup and beauty learning platform, will use the funding to accelerate the expansion of ‘Beauty Club’, launching new ‘clubs’ and investing in products, engineering and brand, founder Videt Jaiswal said.

from Tech-Economic Times https://ift.tt/3qzGR9T