Zomato, India’s top food delivery and quick commerce platform, has been slapped with a tax bill of $94.5 million. The Indian tax authority has ordered the $32 billion firm to pay 401.7 crore in allegedly unpaid gross goods and services tax for the period between October 29, 2019, and March 31, 2022. The order also […]
India’s Zomato slapped with $95 million tax bill Read More »
Meta’s CEO Mark Zuckerberg is pulling off a lobbying-public relations combo move by gifting President-elect Donald Trump’s inaugural fund $1 million, according to the Wall Street Journal. The money came from Meta, to be clear, but Zuckerberg sweetened the gift further — while doing great marketing — by sending Trump a pair of Meta’s smart
The idea that government “should be run like a business” is by no means a new one. But with Elon Musk and Vivek Ramaswamy in charge of government efficiency, it’s worth taking a closer look at whether business principles can be applied to government. Today on Equity, Rebecca Bellan is discussing the intersection of tech,
How much ‘government efficiency’ will Elon Musk be able to pull off? Read More »
Andrew Ferguson, one of two Republican FTC commissioners appointed by U.S. President Joe Biden, will be the country’s next FTC chair, incoming president Donald Trump Tuesday on social media. The news is being met with relief in some circles. Current FTC Chair Lina Khan was blamed by many in Silicon Valley for a dearth of
Lina Khan’s FTC era ends; Andrew Ferguson named chair Read More »
Rules for boosting the security of connected devices have entered into force in the European Union. The Cyber Resilience Act (CRA) puts obligations on product makers to provide security support to consumers, such as by updating their software to fix security vulnerabilities. Although the deadline for compliance with the main obligations of the law is
EU cybersecurity rules for smart devices enter into force Read More »
When it comes to market capitalization, Nvidia is currently the second-biggest public company in the world, behind Apple. That’s why all eyes are on Nvidia these days. And now, as Bloomberg spotted, China Central Television, a public TV broadcaster, is reporting that China’s market regulator has opened a probe into Nvidia’s acquisition of Mellanox. If
China opens antitrust probe into Nvidia Read More »
Age assurance, an umbrella term that refers to technologies for verifying, estimating, or inferring an internet user’s age, is being thrust into the global spotlight thanks to a blanket ban on social media use for people under 16 in Australia. The law, which is expected to come into force in Australia in November 2025, will
As Australia bans social media for kids under 16, age-assurance tech is in the spotlight Read More »
About a “dozen Musk allies” have put a pin in their daily routines to serve as unofficial advisers to the Trump transition effort, says the New York Times. Among them, reports the outlet: Jared Birchall, the head of Elon Musk’s family office, has interviewed a few candidates for jobs at the State Department; Marc Andreessen
Silicon Valley hitters take over Trump transition team: “a dozen Musk allies” Read More »
On a podcast with BBC’s Nick Robinson, Meta’s president of global affairs, Nick Clegg, talked about how Elon Musk is “playing an outsized role in both the election and now the formation of the new U.S. administration.” Clegg said he thinks that Elon Musk has a “choice” when it comes to his political future: to
Meta’s Nick Clegg says Elon Musk has potential to be a political ‘puppet master’ Read More »
Fresh campaign financing data shows that Elon Musk poured more than $260 million into political groups in 2024 that helped Donald Trump win the presidential election and, consequently, secured a position for himself as the co-head of government efficiency, according to the Federal Election Commission. The New York Times reported that Musk and the entities he
Elon Musk donated more than $260 million to elect Donald Trump Read More »
