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Facebook Is Losing A Top Executive!

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Facebook Losing Top Executive,Startup Stories,Startup News India,Facebook Latest News,Facebook Losing Older Users,Facebook Losing Users,Facebook CEO Mark Zuckerberg,Facebook Infamous Scandal,Cambridge Analytica,Facebook Communication Chief Elliot Schrage

After serving the company for almost a decade now, Elliot Schrage, the policy and communications head of Facebook, is stepping down.

According to reports, Elliot will continue to stay with Facebook until the company finds his replacement. The candidates to replace him include Joel Kaplan, Facebook’s Head of Global Public Policy and Rachel Whetstone, the former top Communications and Policy Executive at Google and Uber Technologies Inc.

Post his exit, Elliot will be serving as an adviser to the CEO, Mark Zuckerberg. Elliot expressed his desire to start a new chapter in his life, Leading policy and communications for hyper growth technology companies is a joy – but it’s also intense and leaves little room for much else. Mark, Sheryl and I have been discussing this for a while

He announced his decision in a Facebook post on Thursday and declined to comment beyond his statement.

The COO of Facebook, Sheryl Sandberg addressed Mr. Schrage as “one of the most creative and strategic people I have worked with.” Back in the day, Elliot left the tech giant, Google and joined Facebook in the year 2008.

Over the years, Elliot played a key role in implementing Facebook’s strategy! However, he came under fire for his influence in giving out responses to Facebook’s infamous scandal, Cambridge Analytica. He was involved in various public relations predicaments regarding the controversial issues of Facebook in recent years. Not only that but he was also credited with internally encouraging Facebook to be transparent in how it addressed criticisms.

A spokesperson for Facebook also added Elliot had discussed his desire to leave his current role with both Sandberg and Zuckerberg as far back as 2016. The CEO of Facebook, Mark Zuckerberg expressed his gratitude for Elliot saying, You’ve made an extraordinary contribution to Facebook, dealing with some of our toughest challenges and helping enable some of our biggest opportunities.

We wish Elliot Schrage all the best for his future endeavours!

 

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Equark - StartupStories

Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

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New Instagram Features Let Users Customize Profiles and Share Quietly

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Instagram Grid

Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.


In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.

 

These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.

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Zepto Delays IPO to Focus on Profitability and Indian Ownership

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Zepto - StartupStories

Overview

Zepto, a leading quick commerce startup, has postponed its planned IPO to early 2026, shifting its focus to achieving profitability and increasing Indian shareholding before going public.

Key Reasons for Delay

  • Profitability Focus: Zepto aims to reach EBITDA break-even before listing, unlike many tech firms that went public while still loss-making.
  • Market Uncertainty: Ongoing global and domestic market volatility influenced the decision to wait for more stable conditions.
  • Peer Comparison: The company wants to present a stronger profit profile, learning from the performance of rivals like Swiggy and Zomato (now Eternal).

Boosting Domestic Shareholding

  • Target: Zepto plans to raise Indian ownership to at least 51% to comply with FDI norms and reinforce its Indian identity.
  • Actions: The company is conducting secondary share sales to Indian investors and founders are increasing their stakes by buying from foreign investors.
  • Progress: Domestic ownership has reached about 40-44%, with expectations to surpass 51% before the IPO.

Financial and Operational Updates

  • Efficiency Drive: Zepto is optimizing operations, running over 900 dark stores and offering 48,000 SKUs, to reduce cash burn and move toward profitability.
  • Challenges: The company faces stiff competition from Swiggy Instamart and Blinkit, leading to higher costs, and has dealt with operational pauses and regulatory scrutiny in some regions.

Outlook

Zepto remains positive about its future, aiming to raise around $800 million in its IPO and attract both domestic and international investors. CEO Aadit Palicha emphasizes building a sustainable, majority Indian-owned business before entering the public market.

Summary: Zepto’s IPO delay reflects a strategic focus on financial stability and regulatory compliance, with profitability and Indian ownership at the forefront.

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