BUMBLE JOB CUTS
When the stock market is a one-way street
Post-pandemic central bank policies have spurred a robust, seemingly perpetual equity rally, challenging traditional cycles. Despite economic growth concerns, instability, and geopolitical risks, markets remain resilient due to low interest rates and high liquidity. Household investments and mutual funds, driven by past returns, fuel this illusion of growth, defying expectations of a market correction.
UPI’s rural push; India as software IPO destination
Happy Wednesday! The country’s central bank wants more rural users to log into Unified Payments Interface (UPI). This and more in today’s ETtech Morning Dispatch.
Bumble falls 5% as CEO signals need for app revamp after poor earnings
Bumble shares fell about 5% on Wednesday after its downbeat quarterly revenue forecast underscored the need for a revamp of the dating-app experience to attract newer generations seeking companionship.
Bumble to lay off 350 employees, forecasts weak first-quarter revenue
Bumble, led by CEO Lidiane Jones, cuts jobs and expects disappointing Q1 revenue due to a slowdown in user spending. The company plans to relaunch apps, target younger users, drive revenue growth, expand globally, and revamp the eponymous app to meet analysts' expectations.
From 'A Man of Action' to 'The Big 4': 5 action movies to stream right now
Bank heists, revenge thrillers and a hodgepodge of weapons, these films will take you on an adventurous ride.
Google permits alternative billing system, but developers cry foul; Uber looks to partner with private taxi operators
Complying with Competition Commission of India (CCI) directives, Google is bringing about a change in its ‘Google Play payment policy’. The change permits an alternative billing system for users making in-app purchases on mobile phones and tablets, alongside Google Play's billing system.
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No increment for top execs at Flipkart; Indian-origin Punit Renjen in line to be next SAP chief
Flipkart's parent company Walmart on Wednesday said in its earnings call that it is happy to see the etailer expanding on its positive contribution margin.
Crazy about ‘Pathaan’? Here are 5 action movies to feast your eyes on
Head over to the OTT platforms if you are an action movie buff!
Disney's new CEO Bob Iger may have to cut costs as streaming loses money
Disney shocked investors late on Sunday evening by announcing the ouster of CEO Bob Chapek and appointing Iger, 71, to a two-year contract to return the company to growth.
Cos giving wellness weeks, meditation apps access, and 'Zoom-free Fridays'. But is it enough to combat burnout?
As long as underlying problems remain, extra time off will remain an appreciated but inadequate stopgap.
View: For its own political safety, if not for India’s economy, GoI must fully open the expenditure tap
In politics, as in business, the biggest risk could well be not taking one; why is GoI so afraid to spend?
India's farm woes just breached a crisis point; severe test is at hand for Narendra Modi
Modi is soon likely to have his hands full as farmers disgruntled with long government apathy look all set to come out onto the streets in millions.
Succession at Infosys: Why Narayana Murthy is no 'ordinary Joe' despite declining chairman emeritus post
By joining shareholder rank, Murthy has thrown in his lot with common folk. It's a winning stamp of approval for Sikka, & enough to restore empathy.
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