Paypal
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Now, PayPal announces laying off 2000 employees citing, calls for compassion
Fp Staff •The percentage of the company's overall workforce that has been let go is 7%. "Change may be tough, especially when it includes valued colleagues and friends leaving," Paypal CEO Dan Schulman remarked
PayPal to lay off 7 per cent of its workforce to cut costs
Fp Staff •The decision to cut down on costs comes due to decades-high inflation hitting the purchasing power of consumers who also have to contend with the threat of a looming recession
Twitter to be turned into a bank: How Elon Musk plans on turning Twitter into a payment service like Paytm
Mehul Das •Elon Musk, who founded PayPal, plans to turn Twitter into a bank and payment service provider, just like India's Paytm.
Fastly fixes CDN glitch that caused Amazon, Reddit, Spotify, other popular websites to go down
Tech2 News Staff •"We’re currently investigating potential impact to performance with our CDN services,” Fastly has said.
Fastly CDN outage: Why did so many global websites like Amazon and Reddit go down?
Tech2 News Staff •Fastly has confirmed issues with its CDN services and says that it is investigating the matter.
Google aims to be the anti-Amazon of e-commerce; it has a long way to go
•Google is trying to present itself as a cheaper and less restrictive option for independent sellers.
Bitcoin evaluation hits all-time high, breaches above $50,000 for first time
•At that price, with about 18.6 million Bitcoins in circulation, Bitcoin has a market value of nearly $907 billion
Paypal to shut down its domestic payment services within India starting 1 April
•PayPal noted that it had processed $1.4 billion worth of international sales for over 3.6 lakh merchants in India last year.
Cryptocurrency Bitcoin breaks above $20,000 barrier for the first time ever while ethereum and XRP also gain
Techsamvad •It has gained more than 170 percent this year, buoyed by demand from larger investors attracted to its potential for quick gains, purported resistance to inflation and expectations it will become a mainstream payment method.
US Immigration ban: Apple, Google, Twitter, Tesla and other tech companies react to the H1-B visa suspension
•The visa suspension, effective 24 June, will last until the end of the year and is expected to open up 525,000 jobs for US workers.