Here are the top trending news from the world of technology. News that we feel every tech enthusiast should keep a tab on.
Ethereum’s founder is not bullish about Meta’s Metaverse
Vitalik Buterin, the founder of the second most popular crypto Ethereum, recently said many unflattering things about Meta’s Metaverse crusade. Buterin said that Facebook and Instagram’s parent company Meta is jumping the gun on the Metaverse technology. He further added that Metaverse is still a very nascent technology and people still have no idea what to really expect from it. Ethereum’s founder’s criticism cannot be taken lightly given as that he is one of the open supporters of Metaverse technology. By the way, Meta’s investors are themselves looking skeptical about Mark Zuckerberg’s dream about metaverse technology, with Meta’s stock continuously trading in red over the past six months.
WhatsApp to give more power to Group admin
The popular instant messaging platform WhatsApp may soon give sweeping power to the group admin. The instant messaging platform is reportedly beta testing a feature that allows group admin to delete any message within the group. As of today, the group admin does not have such sweeping rights as currently the admin can delete only his or her own messages. Notably, WhatsApp recently has been bringing a slew of changes to its platform like improving voice messages, introducing communities, new emoji reactions and so forth. WhatsApp currently has nearly 2 Bn active users across the world and is the world’s most popular instant messaging platform.
Mukesh Ambani’s Reliance Jio bids aggressively for 5G Spectrum
Billionaire Mukesh Ambani’s Reliance Jio has emerged as the largest bidder for the 5G spectrum, with Jio acquiring 5G airwaves worth over Rs 88,000 crores. Sunil Mittal’s Airtel came a distant second as it spent over Rs 43,000 crores in the 5G spectrum auction. Although there was a lot of buzz about Gautam Adani’s entry in the 5G race, Adani’s company bought only 400 Mhz of 5G spectrum for Rs 212 crores. The cash-strapped Vodafone Idea, on other hand, managed to spend only Rs 18,000 crores in the 5G auction. The 5G services are expected to be launched across India by October this year.
Zomato may soon have multiple CEOs
Zomato is reportedly planning to bring sweeping changes to its management structure. According to unconfirmed reports, the foodtech delivery company is planning to set up an umbrella organization called ‘Eternal’ and will appoint multiple CEOs to look after its sister organizations including its newly acquired company called BlinkIt. However, it is to be seen whether this report will help in cheering up Zomato’s stocks, which is currently trading at historic low Rs 49 per share. With its stock under tremendous pressure, the foodtech delivery company’s market valuation has dropped to nearly $4.5 Bn.
Ola and Uber deny merger talks
Ride hailing majors Ola and Uber have flatly denied the media reports that both companies are holding talks for a possible merger. Ola’s co-founder & CEO Bhavish Aggarwal took to Twitter and termed the media reports about merger talks as ‘absolutely rubbish.’ The reports of merger talks have come at a time when both companies business have been badly battered by the pandemic. Ola even had to delay its IPO due to its business getting impacted by pandemic. The company recently has also been attracting lot of bad press especially for its spate of accidents involving its electric scoters.