Meta crosses $1 bn annual revenue run rate for Reels ads

Meta crosses $1 bn annual revenue run rate for Reels ads

Meta has crossed $1 billion annual revenue run rate for ads on its TikTok rival short-video making platform Reels, and Reels now has a higher revenue run rate than Facebook/Instagram Stories at identical times post-launch, its Founder and CEO Mark Zuckerberg has revealed. Zuckerberg said that in the April-June period (Q2), “we saw a more […]

Twitter blames Elon Musk for $270 mn loss in Q2 results

Twitter blames Elon Musk for $270 mn loss in Q2 results

Twitter on Friday said it posted $270 million net loss in the second quarter (Q2), largely owing to uncertainty related to the pending acquisition by Tesla CEO Elon Musk that adversely hit its advertising business. Musk has terminated the $44 billion Twitter deal over the presence of bots on the platform and Twitter has sued […]

IIT-Madras researches develop zinc-air batteries as alternative to lithium-ion batteries

IIT-Madras researches develop zinc-air batteries as alternative to lithium-ion batteries

Researchers at the Indian Institute of Technology, Madras (IIT-M) are developing zinc-air batteries as an alternative to lithium-ion batteries for use in electric vehicles. IIT-M researches,according to information available have already applied for patents for the technology. A senior researcher at IIT-M who is in the know of things told IANS that the zinc-air batteries […]

New industries can be set up in Goa on self-declaration basis: Minister

New industries can be set up in Goa on self-declaration basis: Minister

Industries in Goa will soon be allowed to set up manufacturing facilities, based on self-declarations, to cut down the red-tape involved in processing licences and getting clearance from government agencies, state Industries Minister Mauvin Godinho said on Monday. Panaji,  Industries in Goa will soon be allowed to set up manufacturing facilities, based on self-declarations, to […]

Twitter considering ‘poison pill’ strategy to fight back Elon Musk

Twitter considering ‘poison pill’ strategy to fight back Elon Musk

Treating Elon Musk’s $43 billion offer to buy Twitter as an “unwelcome” step, the board of the company is reportedly considering a “poison pill” strategy to make it more difficult for Musk to acquire a larger stake in the micro-blogging platform and avoid a hostile takeover. San Francisco/New Delhi, April 15 (IANS) Treating Elon Musk’s $43 […]

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