Funds Dried Up And Valuations Fell: The Year That Was For Startups

The biggest change for technology startups came on November 8, when the government announced its decision to ban currency notes of Rs 500 and 1,000. Suddenly technology became a large driver for commerce. While retail sales in pockets dropped up to 50%, sales for e-tailers fell 20%. It was also a year of large cultural shifts – more number of buyers shopped online than ever before, and demonetisation added to the drive.

Twitter Exodus Continues As Platform Partnerships Of South Asia Quits

Ravi Bhaskaran, Twitter’s Platform Partnerships Head, South Asia, quit his position on Wednesday.

Impact Of Flipkart’s Devaluation On Indian Startups: Insights By Greyhound Research On CNBC TV18

Head Of Twitter India Quits, More Exits To Follow Him

Rishi Jaitly, Head of Twitter India, resigned and that was not surprising for most employees, who knew that the domestic market will also get effected by the micro-blogging site’s global restructuring programme, as the company failed to get new users and generate higher advertising revenue, giving way to Facebook, Google and Snapchat.

Exits Continue As Twitter CEO Jack Dorsey Wants More Ad Revenue From India

The exits in Twitter’s senior management who helped build the India business over years, signal the company’s co-founder and new CEO, Jack Dorsey’s, inclination to make significant changes in the way the domestic business is handled.

Google Continues To Ride High On Advertising In June Quarter

Advertising powered Internet giant Alphabet Inc.’s revenue growth in the second quarter, as it has for years now. Revenue at Alphabet—Google’s parent firm, formed in 2015—rose 21% to $21.5 billion in April-June from a year ago. Advertising revenue reached $19.14 billion, a 19% year-on-year (y-o-y) increase.

Why Microsoft Acquired LinkedIn? It’s All About User Insights!

On June 13, 2016 Microsoft announced the agreement to acquire LinkedIn for USD 26.2 billion. Important to note that this is the first big deal under Satya Nadella’s leadership and LinkedIn will continue to operate as an independent company. Albeit this (in theory) will allow more room for innovation, let’s put this announcement in perspective:

Microsoft Looking For New Source Of Revenue

By acquiring LinkedIn, Microsoft is looking at further strengthening its business from corporates in India and social networking play, an area in which it lags behind Facebook. Analysts feel that Microsoft’s Productivity and Business Processes as one of the three segments that could get a shot in the arm with the LinkedIn buy.

Apple’s iOS 8 Beta Uptake Has Been Muted When Compared To iOS 7

According to a study done by InMobi, a mobile advertising firm, which analysed 1 lakh devices in July running iOS 8, a similar number of devices were running iOS 7, which indicates flat pick up. InMobi has obtained this data from its ad network which touches around 700 million phone users. On a global basis, iOS 8 adoption is almost 100 per cent less, compared to iOS 7, the study pointed out.