Hackers attacked over 20 million accounts on Taobao, the e-commerce website which uses Alibaba’s own cloud computing service, were hacked recently. This translates into one out of every 20 active annual buyers on the site.
Google veteran Amit Singhal has announced that he’s leaving the company after a 15 year stint. Currently the Senior Vice President of Search, he’s among the most influential engineers in the company, having worked on rewriting the revolutionary algorithms that powered Google’s search engine. Singhal says he plans to retire and focus on philanthropic activities.
Indian IT consulting giant Tata Consultancy Services (TCS) has been rated as the world’s most valuable IT company by a UK valuation firm.
Amazon has upped the ante in Bangalore’s already crowded grocery delivery market. It has launched Amazon Now, which will provide 2 hours deliveries of essential household items in 70 pin codes across the city.
Bangalore-based HouseJoy has acquired laundry services startup MyWash in what represents consolidation in the cluttered home services space. As a part of the deal, the founders of MyWash will receive equity in HouseJoy and along with other team members, will join the HouseJoy team.
In a management reshuffle at Mu Sigma, wife Ambiga Dhiraj has been named CEO in place of husband Dhiraj Rajaram, who becomes the Chairman. Ambiga becomes the first woman CEO of an Indian unicorn.
Uber, first time in its 6 year run time, has rolled out a new logo and a new branding. The black and white upturned U against a black background, has been replaced with a blue square with many graphic elements in it.
Not willing to take the alleged reports of it shutting down and being on sale with no buyers, lying down, Foodpanda has finally spoken up. The restaurant aggregator and logistics startup, claims that the company will be profitable in the next 3 years.
There’s been a major shift in the world of technology. Apple, which has been been the most valuable company in the world since 2010, has been dethroned. Alphabet smashed Wall Street estimates in its earning calls today, following which its stock rose 9% and was trading at a high of $770. That translates into a market capitalization of $570 billion, eclipsing Apple’s current market cap of about $535 billion.