Internet

Airbnb and other short-term home rental companies will have to share data on the number of people using their platforms under proposed EU rules, the European Commission said on Monday, in a light-touch approach to regulating this sector. The EU executive’s proposal comes as popular tourist destinations such as Paris, Venice and Barcelona blame Airbnb
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The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on Cloudtail India for selling pressure cookers on Amazon in violation of mandatory BIS standards. The authority has asked Cloudtail to recall 1,033 pressure cookers and also reimburse the money to customers. According to an official statement, CCPA — headed by
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Twitter has begun laying off employees under its new owner, Elon Musk. The San Francisco-based social media giant is expected to terminate up to 3,700 people — half of its workforce — on Friday, according to internal plans reviewed by Reuters this week. Twitter is already facing a proposed class action claiming the layoffs are imminent and will
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The US Treasury last month repelled cyberattacks by a pro-Russian hacker group, preventing disruption and confirming the effectiveness of the department’s stronger approach to financial system cybersecurity, a US Treasury official said on Tuesday. The Treasury has attributed the distributed denial of service (DDoS) attacks to Killnet, the Russian hacker group that claimed responsibility for
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Twitter’s top executives, including Parag Agrawal and Vijaya Gadde will be entitled to “golden parachute” payouts worth more than $122 million (roughly Rs. 1,000 crore) after being fired by the company’s new owner, Elon Musk. A golden parachute is essentially a contract which entitles top executives of a company to substantial benefits in case they
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Tesla boss Elon Musk said on Monday he will serve as chief executive of Twitter, the social media company he just bought for $44 billion (roughly Rs. 3,63,700 crore), a move that Wall Street analysts have said could stretch the billionaire thin. Musk, who also runs rocket company SpaceX, brain-chip startup Neuralink and tunneling firm
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Byju’s founder and chief executive Byju Raveendran has apologised to the firm’s employees for the clumsy layoffs in India’s largest education technology company, saying 2,500 job cuts were necessitated to avoid role duplication and reduce redundancies. In a message to employees, Raveendran said Byju‘s has been compelled to focus on sustainability and capital-efficient growth because
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Google is planning a legal challenge to block a ruling by India’s antitrust watchdog to change its approach to its Android operating system, concerned that it will restrict how it promotes the platform, sources with direct knowledge of the situation told Reuters. The Alphabet unit has been fined $275 million (nearly Rs. 2,300 crore) in two Indian
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