Browsing: Tech Trends

Tech trends

Byju Raveendran, the founder of the Indian education technology firm Byju’s, faces a court-ordered insolvency process for his ed-tech giant. Byju’s has experienced a dramatic drop in valuation from $22 billion to under $2 billion, leading to insolvency proceedings that risk thousands of jobs.

The EU has warned Meta that its “pay or consent” model could be in violation of consumer protection laws, demanding changes by September 1.  The EU’s Consumer Protection Cooperation has highlighted concerns over Meta’s “free” service description for its platforms, which lacks transparency in regard to user data consent for advertising.

Negotiations on a global tax agreement have extended beyond June 30, with governments eyeing progress at the upcoming G20 meeting. The high stakes of these negotiations could lead to the reinstatement of taxes on US tech giants by several countries if a final agreement is not reached.