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PLASTIC EVENTS 2022

Polyestertime

Drinktec 13-07-2022-min

It doesn’t make sense to hire smart people and then tell them what to do; we hire smart people so they tell us what to do

Steve Jobs

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Youtube may limit access to 4K videos only for Premium users October 4, 2022
A standard YouTube Premium plan costs $11.99 in the US and includes ad-free videos, background playback, and the ability to download videos for offline viewing. The platform recently said it is testing a new feature in its mobile app with its Premium subscribers that allows them to zoom in on any video. The latest opt-in […]
Billing startup Zenskar raises $3.5 million in funding led by Bessemer October 4, 2022
Zenskar claims to have innovated system design and architecture to allow limitless flexibility. With a visual, drag-and-drop interface, non-technical users can configure any deal structure
Twitter Blue subscribers getting edit feature October 4, 2022
Tesla Chief Executive Elon Musk, who is locked in a lawsuit with Twitter over his effort to break his $44 billion deal to buy the global social media site, had backed an edit button shortly before the company said in April it was studying the change.
Samsung Electronics to triple advanced chip production by 2027, sees robust demand October 4, 2022
Samsung Electronics is targeting mass production of advanced 2-nanometre technology chips by 2025 and 1.4-nanometre chips by 2027, set for use in applications such as high-performance computing and artificial intelligence.
Elon Musk, Volodymyr Zelensky lock horns on Twitter over billionaire's Ukraine peace plan October 4, 2022
In February, when Ukraine's internet was disrupted following Russia's invasion, Musk responded to a tweet by a Ukrainian government official seeking help. Musk said SpaceX's Starlink satellite broadband service was available in Ukraine and that SpaceX was sending more terminals to the country.
South Korea's Naver to acquire US fashion social commerce Poshmark for $1.6 billion October 4, 2022
Poshmark is the largest fashion consumer-to-consumer platform in North America, with 80 million registered users led by Millenial and Gen Z active users, Naver and Poshmark said in a conference call about the deal.
Prosus just saved $100 million in BillDesk deal breakup fee October 4, 2022
A breakup fee is a predetermined penalty that a buyer typically pays if it walks away from a transaction. A long stop date is the date by which the deal conditions must be satisfied (or waived) for it to be completed.
Transaction declined: why Prosus dropped $4.7B BillDesk buy; deal had $50-100M breakup fee October 4, 2022
The merger was expected to create an online payments gateway juggernaut that would process $147 billion in annualised total payments value (TPV), more than twice that of its nearest contender Razorpay, which processes $80 billion in annual TPV.
Transaction declined: why Prosus scrapped the $4.7 billion PayU-BillDesk deal October 3, 2022
In a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled by the September 30, 2022 long stop date, causing the agreement to be terminated automatically.” He did not elaborate on what these conditions were.
Laid-off WazirX staffers rattled by their crypto ordeal October 3, 2022
Layoffs by crypto companies have loomed large amid a market crash and falling prices of cryptocurrencies. Indian employees of other crypto exchanges including Coinbase and Vauld have also been laid off in recent months.

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