The government’s initiative is being led by a growing perception that internal policies of social media companies--most of which are headquartered in the US--are 'arbitrary' and is leading to 'online harm' and 'discrimination' for users.
The investment brings the total capital raised by the Bengaluru and Seattle-based company to $100 million, with the Series C round coming a little over four months after the company closed a $30 million round led by Scale Venture Partners.
The social media giant asked that the lawsuit be dismissed with prejudice, which would make it harder for the agency to amend the lawsuit.
This acquisition comes within a month of the Thrasio-style aggregator acquiring The Better Home, a sustainable home care products maker.
The National Highway Traffic Safety Administration on Monday denied the 2019 petition, which alleged that over-the-internet software updates cut battery range in response to battery fires across the globe.
The company also announced the identity of the remaining passenger, Audrey Powers, the company's vice president of mission and flight operations.
The company has also finalised a secondary transaction of around $100 million in which some existing investors, such as Infosys cofounder Nandan Nilekani's venture fund Fundamentum, Eight Roads Ventures and Bessemer Venture Partners will make a partial exit.from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
