Business/Brands & Marketing
TECH ROUNDUP: Elon Musk seeks ‘Cage Match’ with Mark Zuckerberg
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Elon Musk is proposing a ‘Cage Match’ with Mark Zuckerberg
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Microsoft says that it’s prepared to walk away from buying Activision Blizzard
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Ethiopia’s Kubik has raised $3.34 million
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Airtel Africa and MTN Nigeria are the most valuable company in Nigeria
Elon Musk is proposing a ‘Cage Match’ with Mark Zuckerberg. Musk responded this week to tweets about a potential competing service by Meta, run by Mark Zuckerberg, by saying, “I’m up for a cage match if he is.” On Instagram, Zuckerberg responded with a screenshot of Musk’s tweet and the caption, “Send Me Location.”
Kubik, an Ethiopia-based startup, is announcing a $3.34 million investment, which it says will go towards increasing its production capacity.
Also Read: TECH ROUNDUP: Olx Group slashes 800 jobs globally
Kenya’s M-Kopa earned a spot on TIME Magazine’s 100 Most Influential Companies list, signifying the company’s r journey and its significant impact on global energy access and financial inclusion.
Uber Nigeria has announced an increase in fares between June 3rd and June 6th, aimed at assisting drivers who are grappling with the challenges posed by inflation and the recent fuel price hike.
AUATWON, the body that represents Bolt and Uber drivers say that their calling off the strike doesn’t mean their fight with the hailing companies is over. In a report, they said that their company’s refusal to recognise the union underscores the malign treatment that they have been protesting for years.
Nigerian telco giants, Airtel Africa and MTN Nigeria, led the list of most valuable quoted companies in Nigeria in the first quarter of 2023, with market capitalizations of N5.56 trillion and N4.89 trillion, respectively.
POLITICS
A recent report by the CBN shows that women are underrepresented in the POS agent sector. Out of the 700,000 registered POS agents in the country, only 105,000 are women, making up just 15% of the total.
NBS has revealed that electricity supply over the past twelve months (from the 1st quarter of 2022 to the 1st quarter of 2023) declined by 1.74% to 5,852 (Gwh) from 5,956 (Gwh).
SOCIAL MEDIA
Spotify has announced the launch of Afrobeats: Journey of a Billion Streams, “a dedicated one-of-its-kind site to capture the essence of Afrobeat and its cultural significance from its origin to its present-day growth.”
WORLD BANK
inDrive has announced the appointment of Mark Loughran as its Group President, effective July 12th, 2023. Reporting directly to founder and CEO Arsen Tomsky, Mark’s role is to chart and drive inDrive’s business strategy, scale the company’s investments and new businesses, and optimize internal processes.
Microsoft says that it is prepared to walk away from its $70 billion acquisition of Activision Blizzard if a federal judge grants an injunction that would delay the deal’s closing. “This is going to decide whether the deal goes forward,” said Beth Wilkinson, Microsoft’s lead lawyer. She added that a loss could force the company into a “three-year administrative nightmare” that would sink the transaction, which it hopes to close by July 18.
TikTok’s COO, V Pappas, stepped down Thursday after five years of helping to transform what was once an obscure short-video service into one of the world’s most popular apps.
