Slack's potential acquisition, Tony Hsieh passes away at 46, Snapchat launches TikTok rival Sounds, New surge pricing rules for Ola, Uber
Slack’s stock climbs on possible Salesforce acquisition
News that Salesforce is interested in buying Slack, the popular workplace chat company, sent shares of the smaller firm sharply higher today.
Tony Hsieh, iconic Las Vegas tech entrepreneur, dies aged 46
Tony Hsieh, the former head of Zappos who catapulted the shoe company into the big leagues with a sale to Amazon and then used the proceeds of his success in a huge project kickstarting regeneration of a run-down part of Las Vegas, Nevada, with tech and wider business investments, has died at the age of 46.
Snapchat launches its TikTok rival, Sounds on Snapchat
Snapchat this summer announced it would soon release a new music-powered feature that would allow users to set their Snaps to music. Today, the company made good on that promise with the launch of “Sounds on Snapchat” on iOS, a feature that lets users enhance their Snaps with music from a curated catalog of both emerging and established artists.
India sets rules for commissions, surge pricing for Uber and Ola
Ride-hailing firms such as Ola and Uber can only draw a fee of up to 20% on ride fares in India, New Delhi said in guidelines on Friday, a new setback for the SoftBank-backed firms already struggling to improve their finances in the key overseas market.