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Facebook Embroiled In Yet Another Controversy

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Facebook Embroiled In Yet Another Controversy,Startup Stories,2018 Technology News,Startup News India,Facebook CEO Mark Zuckerberg,Cambridge Analytica data leaks issue,Facebook Controversy,Facebook Data Leak Controversy,Facebook Embroiled Controversy

Just days after Mark Zuckerberg appeared in front of the Senate, our favourite CEO seems to have gotten himself involved in yet another controversy. The two days of hearing confirmed that Zuckerberg would make sure the Cambridge Analytica data leaks issue would be resolved as soon as possible. While this may have temporarily satiated the growing unrest faced by Facebook, a seemingly off handed made by Zuckerberg sparked off yet another serious issue.

Zuckerberg while responding to U.S. Representative Ben Luján sparked another controversy, as he revealed, “For security reasons, Facebook also collects data of people who have not signed up for Facebook.” While the concerns over the security of WhatsApp’s payment based data appear to be settling down, Facebook’s scenario is different. The matter seems too deep to settle down.

Clarifying the issue, Zuckerberg made a statement saying, “When you make a payment, WhatsApp creates the necessary connection between the sender and recipient of the payment, using Facebook infrastructure. We pass the transaction information to the bank partner, which is called a PSP (payment service provider) and to the NPCI (National Payment Corporation of India,) so they can facilitate the movement of funds between the sender’s and receiver’s bank accounts.”

Furthermore, WhatsApp said it does not divulge all the data revealed by the users and said in a statement, “In some cases, we may share limited data to help provide customer support to you or keep payments safe and secure.” While this may seem like a tender coating on a serious issue, the controversies just seem to keep increasing for Zuckerberg. During the two days Congressional grilling session, it became very apparent that Facebook is primarily owned by the founder.

Thanks to the firm’s stock structure, its public investors, even those with $1 billion (£ 70 million) holdings, do not have much say on the company’s future. So far, the investors haven’t raised their voice over the structuring of the shares. However, with the Cambridge Analytica issue blowing up in his face like it has, the time is now ripe to on the tyranny that has become Zuckerberg. By the looks of things, however, it seems the eccentric founder isn’t ready to give up control just yet. Now, only time will tell about the online social media’s platforms future.

 

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Apple Achieves 13% Growth in India with $9 Billion Sales and New Flagship Stores in FY25

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Apple has set a new benchmark in India, recording $9 billion in annual sales for FY25—a 13% surge over the prior year, fueled chiefly by robust demand for iPhones and MacBooks. The tech giant’s strategic expansion into Bengaluru and Pune with new flagship stores has deepened brand engagement and increased accessibility for customers across urban centers.

Apple’s rapid retail footprint expansion and locally tailored initiatives, including student discounts and trade-in offers, overcame price barriers and high import duties to drive sales volumes to unprecedented heights. Meanwhile, local production reached new highs, with 20% of iPhones now assembled in India and manufacturing output up 60%, valued at $22 billion part of Apple’s move to diversify its global supply chain.

India is now Apple’s fourth-largest market worldwide, reflecting its rising role as both a consumption and manufacturing powerhouse for premium tech. Continued investment in retail outlets, partnerships with Tata for device repairs, and consumer-friendly financing have positioned Apple for even stronger growth as Indian incomes and technology aspirations rise.

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OYO Achieves Record Profitability in FY25 with Deferred Tax Boost and New Corporate Identity

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OYO

OYO, India’s leading hospitality startup, has retained strong profitability in FY25, driven by a significant deferred tax gain and a bold corporate identity overhaul. The company’s net profit surged to ₹623 crore, marking a 172% year-on-year growth, with adjusted EBITDA reaching ₹1,132 crore a 27% increase from the previous fiscal. Total revenue rose by 20% to ₹6,463 crore, propelled by strategic expansion in premium segments and the integration of G6 Hospitality into OYO’s growing portfolio.

The deferred tax gain of ₹765.6 crore played a crucial role in OYO’s profitability for FY25, helping overcome challenges from operational losses and global expansion costs. Meanwhile, OYO launched a campaign to rename its parent company, Oravel Stays Ltd, aiming for a tech-first, globally resonant brand identity as the business prepares for its IPO. This rebranding signals OYO’s shift toward broader urban living solutions, with the “OYO Hotels” brand remaining unchanged for consumers while the corporate entity targets premium and tech-driven markets worldwide.

OYO’s premiumization strategy and aggressive international growth have led to record results for the fourth quarter of FY25, with gross booking value surging 54% to ₹16,436 crore and revenue hitting new highs. These achievements highlight OYO’s disciplined financial management and commitment to innovation, setting a benchmark for Indian startups navigating global expansion and sustained profitability in the hospitality technology sector.

 

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MPL to Lay Off 60% of India Workforce Following Online Gaming Ban

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MPL

Mobile Premier League (MPL), one of India’s top online gaming platforms, is set to lay off about 60% of its India workforce following the government’s ban on paid online games. The move, confirmed by MPL CEO Sai Srinivas through an internal email, will impact around 300 employees across multiple departments including marketing, finance, operations, engineering, and legal. This decision comes as a direct result of the Promotion and Regulation of Online Gaming Bill, 2025, which restricts paid online games involving monetary stakes to address concerns over financial risks and addiction among young users.

India contributed nearly half of MPL’s revenues, estimated at around $100 million in the 2024-25 fiscal year. With the ban on paid gaming, MPL’s primary revenue source in India has been effectively cut off, prompting the company to shift focus towards free-to-play games and expand its presence in overseas markets such as the United States and Brazil. Despite the layoffs, MPL has pledged to support the affected employees through the transition period. CEO Sai Srinivas expressed regret over the downsizing but highlighted the company’s commitment to developing new business models for the Indian market amid the regulatory changes.

This development significantly disrupts the Indian online gaming industry, which was on track to grow into a $3.6 billion sector by 2029 before the introduction of the ban. While competitors like Dream11 have adapted by discontinuing paid games and avoiding layoffs, the ban has forced many gaming startups in India to rethink their operations. The government’s regulation targets all games involving real money stakes, including fantasy sports and popular card games like rummy and poker, reshaping the future landscape for the country’s gaming ecosystem and its workforce.

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