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CEOs and executives can’t remember to unmute either

Even with offices around the world shut due to Covid-19, business has carried on, though not without the occasional technological hiccup.Video conferencing has become vital to workers operating remotely, but with it have come certain challenges, like remembering to unmute when you want to talk on a call. It’s a whole thing at this point.CEOs and other...

The complexity and brilliance of Tony Hsieh: a personal appreciation

When is the right time to assess a founder’s legacy? If we had assessed Mark Zuckerberg’s impact on the world five years ago, it would have looked much different than today. And if we were to assess Zuckerberg’s impact in yet another five, ten, or twenty years, it again could look very different. What if the coda to Jeff Bezos’s story had been that...

India’s largest ed-tech startup has acquired a hornet’s nest

Earlier this year, when most Indian businesses were struggling to cope with the slowdown caused by the Covid-19 pandemic, India’s largest ed-tech startup impressed many by spending a small fortune on an acquisition that would add a new vertical to its already robust business. But just three months later, the prized buyout is quickly becoming a pain...

Why industries don’t get disrupted like they used to

In the 1990s, researchers at business schools became fascinated with the question of why so many large, seemingly dominant companies were being supplanted by startups. The incumbents had more money, more staff, and more know-how—what were they doing wrong?The most famous answer to this question came in the form of a theory from Clayton Christensen,...

As businesses go virtual amid pandemic, Indian IT firms ramp up hiring

The Covid-19 pandemic has been a blessing in disguise for the Indian IT industry.With businesses going virtual, demand for IT services has shot up, which has led to an uptick in hiring for hardware and software professionals, according to jobs portal Naukri.com. “The IT-sector remains one of the least impacted sectors in terms of hiring from the global...

Airbnb refunded $1 billion in bookings this year

As Airbnb plans to make its stock market debut, the effects of the pandemic on its business are coming into focus.In its S-1 regulatory filing, the home-rental giant revealed that it has issued more than $1 billion in refunds during the pandemic, under its policy for extenuating circumstances.“While this helped our guests, it created problems for our...

What will San Francisco’s new “CEO tax” actually accomplish?

Last week, voters in San Francisco passed a bevy of new taxes aimed at the top of America’s income brackets. The most striking is Proposition L, informally dubbed the “CEO tax.” By targeting businesses with highly paid executives and low-paid workers, it won approval with a resounding 65% of votes. That makes San Francisco the largest city to enact...

TikTok’s deal with Oracle and Walmart is in its own lame-duck period

Two months ago, TikTok appeared to be on the verge of being absorbed into a new US-based company partly owned by Oracle and Walmart, a deal seemingly blessed by president Donald Trump. Now, the short video app owned by Chinese social media giant ByteDance is trying to buy time until president-elect Joe Biden takes over at the White House.Yesterday,...

TCS is saving 1,500 German jobs with just over $1

India’s largest IT services firm is making an acquisition at a price that isn’t enough to even buy a Starbucks coffee.On Monday (Nov. 9), Tata Consultancy Services (TCS) agreed to acquire Postbank Systems (PBS), the technology services unit of Deutsche Bank for one euro ($1.18 or Rs88). With this deal, TCS will salvage around 1,500 jobs, which would...

India restricts WhatsApp from monopolising digital payments—and other countries could follow suit

India has managed to navigate the risk of a potential monopoly by restricting WhatsApp’s newly launched digital payments feature. And this may become a hurdle for the Facebook-owned company across the world.After running a beta on a million connections for about two years, on Nov. 6, WhatsApp announced a pan-India launch of its in-chat payments feature...

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