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Meta's Ad-Free Revolution✨, Visa's AI Leap💳
X Corp's Trademark Battle, Dunzo's Leadership Shift, ByteDance's Valuation Dive, Funding Deals and more.
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💰 Meta's Bold Move: Ad-Free Experience for a Price 🌐
Meta Platforms is contemplating a groundbreaking move, possibly asking users in the European Union to pay up to $14 for ad-free access to Instagram and Facebook. Alternatively, users can opt for personalized ads and continue using free versions.💻🔒
🚨 X Corp Faces Trademark Trouble: Legal Battle Over 'X' 📜
Elon Musk's X Corp, previously Twitter, is facing a legal storm in Florida. X Social Media, a legal-marketing firm, has filed a lawsuit alleging trademark infringement due to the similarity in names. The lawsuit claims the rebranding from Twitter to X could confuse consumers, marking a legal challenge for Musk's venture! ⚖️🔍
🚪 Dunzo Co-Founder Steps Down Amid Revamp ✨
In the face of a cash crunch, Dunzo's co-founder Dalvir Suri bids adieu to his position. The Reliance Industries-backed hyperlocal delivery platform is set for a significant overhaul with an organization-wide restructuring starting this quarter. 🔄🚚
💰 Visa Jumps Aboard AI Bandwagon with $100M Fund 💳
Visa, the payments giant, unveils a $100 million venture fund aimed at nurturing generative artificial intelligence startups. Joining the ranks of tech behemoths like Microsoft and Google, Visa dives into the AI frenzy sparked partly by ChatGPT's rise. 🤖💸
📉 ByteDance Valuation Dips to $223.5B 💼
ByteDance, the parent company of TikTok, undergoes a stock buyback that values the firm at $223.5 billion. This marks a 26% drop from its valuation in a comparable deal a year ago. 📊💥
Fisker Inc has raised $150 million from an existing institutional investor through the issue of convertible bonds with an additional $550 million in funding available, the electric-vehicle startup said.
Tweet of the day🐥
“Never let the fear of striking out keep you from playing the game.”
- Babe Ruth
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