wayr today India

Category: General

  • Meta’s Zuckerberg Denies Allegations of Instagram Targeting Children in LA Trial

    This article was generated by AI and cites original sources.

    During a trial in Los Angeles, Meta’s CEO Mark Zuckerberg denied the allegations that Instagram targets children for profit, as reported by Tech-Economic Times. The case revolves around a California woman who claims that Instagram and YouTube knowingly aimed to engage children on their platforms to increase profits, despite understanding the potential negative impact on mental health.

    The plaintiff asserts that her use of these social media apps during childhood contributed to her depression and thoughts of self-harm. She seeks to hold the companies accountable for their actions.

    This trial highlights the ongoing discussion about the responsibilities of tech companies towards younger users. It underscores the need for platforms like Instagram and YouTube to consider the well-being of all users, particularly vulnerable populations such as children.

    Source: Tech-Economic Times

  • Pinterest Boosts Revenue Forecast with tvScientific CTV Advertising Acquisition

    This article was generated by AI and cites original sources.

    Pinterest has adjusted its first-quarter revenue forecast following the integration of tvScientific’s connected-TV (CTV) advertising platform into its operations. This move has led to a over 3% increase in Pinterest’s share price, reflecting the potential financial impact of this acquisition.

    The incorporation of tvScientific’s CTV advertising technology signifies Pinterest’s strategic expansion into the digital advertising market, particularly in the rapidly growing CTV segment. By leveraging the capabilities of tvScientific’s platform, Pinterest aims to enhance its advertising offerings and capture a larger share of the digital advertising landscape.

    This development highlights Pinterest’s commitment to diversifying its revenue streams and staying competitive in the evolving tech industry. As the company continues to explore new avenues for monetization, the acquisition of tvScientific’s technology showcases Pinterest’s proactive approach to leveraging innovative solutions for business growth.

    Source: Tech-Economic Times

  • MeitY Addresses Galgotias University Robodog Controversy at AI Summit 2026

    This article was generated by AI and cites original sources.

    The Ministry of Electronics and Information Technology (MeitY) recently commented on the removal of the Galgotias University stall from the AI Impact Expo 2026, emphasizing the importance of upholding a code of conduct to prevent the spread of misinformation at official events. MeitY Secretary S Krishnan highlighted the need for genuine and accurate representation at expos like the AI Summit, stating that misinformation should not be encouraged. The controversy arose following the display of a ‘Chinese’ robodog at the Galgotias University stall, leading to their decision to vacate the expo.

    In response to the situation, Galgotias University Registrar Nitin Kumar Gaur issued an apology, attributing the confusion to a representative who provided inaccurate information without proper authorization. The University expressed regret for the misunderstanding at the AI Summit and clarified that there was no deliberate intent to misrepresent the innovation.

    This incident underscores the significance of maintaining transparency and accuracy in tech showcases to avoid misinformation and controversies. By adhering to a set code of conduct, organizations can ensure that their exhibits truly reflect their work, preventing misunderstandings and promoting integrity in technological displays.

    Source: mint – technology

  • Yatra Promoter Offloads Shares Worth ₹45 Crore in Bulk Deal: Implications for Tech Industry

    This article was generated by AI and cites original sources.

    Yatra, a prominent player in the travel industry, recently witnessed a significant development as its promoter entity, THCL Travel Holding Cyprus Ltd, offloaded 28.33 lakh shares in a bulk deal, amounting to ₹45 crore. This transaction, following Yatra’s financial performance disclosure for the December 2025 quarter, has sparked interest in the implications for the tech-driven travel industry.

    THCL, a subsidiary of Yatra functioning as a holding vehicle, managed to raise ₹44.8 crore from the share sale. The promoter entity, which previously held a 57.4% stake in Yatra, saw its shareholding drop to 8.72 crore shares post the deal.

    Yatra’s financials for Q3 FY26 revealed a 17% year-over-year decline in net profit to ₹10 crore, partly attributed to a one-time statutory charge due to new labor codes implementation. Despite this, the company reported a 124% year-over-year increase in EBITDA to ₹72.9 crore, while operating revenue rose by 9% year-over-year.

    Understanding the impact of such share transactions on a tech-driven industry like travel is crucial for industry observers. These financial maneuvers can influence a company’s trajectory and market positioning, prompting a closer look at the intersection of technology and corporate strategies.

    Source: Inc42 Media

  • EaseMyTrip Announces ₹500 Cr Fundraise to Expand Non-Core Offerings

    This article was generated by AI and cites original sources.

    EaseMyTrip, a listed traveltech company, has announced plans to raise up to ₹500 crore to bolster its presence in non-core segments, particularly hotels and holidays. The fund raise, expected to occur in multiple tranches, will support the company’s expansion plans and potential strategic acquisitions. This move comes following a challenging financial quarter for EaseMyTrip, marked by a significant decline in net profit. Despite these challenges, the company remains focused on sustainable growth and value creation, emphasizing responsible investment decisions.

    By investing in technology enhancements and exploring acquisition opportunities aligned with its long-term vision, EaseMyTrip aims to strengthen its market position and drive future growth. The specifics of the fund raise, including the modes and structure of financing, are yet to be finalized, providing the company with flexibility in its investment strategy. The proposed capital infusion reflects EaseMyTrip’s proactive approach to readiness and its commitment to strategic development in key business areas.

    Source: Inc42 Media