Explore Business Standard
LinkedIn founder Reid Hoffman has been immersed in Silicon Valley since his August 1967 birth in Palo Alto, California, in the shadow of Stanford University, where he and fellow technology luminary Peter Thiel became friends as college students during the 1980s. They went on to start PayPal during the late 1990s while working alongside a coterie of other bright-eyed entrepreneurs who went on to even bigger things, just as Hoffman did. That group dubbed the PayPal Mafia included Tesla CEO Elon Musk, Yelp CEO Jeremy Stoppelman, and YouTube co-founders Chad Hurley and Steve Chen. Now worth an estimated $2.6 billion, Hoffman has been at the forefront of the artificial intelligence craze while investing in trailblazing startups such as ChatGPT maker OpenAI and Inflection. Unlike other prominent technologists who are worried about AI destroying humanity, Hoffman has co-written a new book called Superagency that makes an optimistic case for AI. He recently talked with The Associated ...
The Advertising Standards Council of India on Tuesday said the popular professional networking platform LinkedIn lacks disclosure tools and asked content creators or influencers to come clear on their associations. The self-regulatory organisation for the advertising sector reported in the last week alone, alert professionals on LinkedIn have flagged 60 cases, of which 56 cases are currently under review for violations related to non-disclosure of material connections. "Unlike other popular social media platforms, LinkedIn does not provide platform disclosure tools," an official statement from the Advertising Standards Council of India (ASCI) said. "LinkedIn influencers are seasoned professionals and trusted voices in their respective fields; this makes it all the more important for them to lead by example when it comes to responsible influencing," the body's secretary general and chief executive Manisha Kapoor said. In an advisory to such influencers, ASCI said that non-disclosure
Quick commerce firm Zepto has marginally brought down its losses to Rs 1,248.6 crore in 2023-24 from Rs 1,272.4 crore in 202223 , as per data shared by Tofler. The Mumbai-based firm posted a revenue of Rs 4,454 crore in FY24, more than two-fold increase from Rs 2,025 crore in the previous fiscal. Zepto co-founder Aadit Palicha took to LinkedIn to share the results. "Zepto reduced its absolute losses, with PAT (profit after tax) as a percentage of revenue improving significantly from -63 per cent in FY23 to -28 per cent in FY24," he wrote. Palicha expressed optimism about continuing this momentum towards profitability and said the company is on track for a profit after tax (PAT) in the near future. "Despite being only 3 years old, we were able to successfully close a full statutory audit by a Big 4 firm with no financial qualifications and a clean CARO. This rare achievement for a young startup is the outcome of a governance-focused culture at Zepto and early decision-making that
Quick commerce platform Zepto, for the second consecutive year, has been ranked first in LinkedIn Top Startups India List 2024 -- an annual ranking of emerging companies where professionals want to work. The list draws insights from data based on actions of more than 1 billion LinkedIn members globally. It measures startups based on four pillars: employment growth, engagement, job interest and attraction of top talent. Zepto was followed by compliance firm Sprinto and cloud storage management platform Lucidity. "This year's Top Startups list is a true reflection of India's burgeoning entrepreneurial ecosystem. Bengaluru continues to thrive with half of the Top Startups headquartered in the city. "14 startups (out of 20) are new entrants in this year's list and several first-time categories like biofuel, compliance and mental health point to the diversity of career opportunities for professionals eyeing the world of startups," Nirajita Banerjee, Career Expert and Head of Editorial a
The corporate affairs ministry on Wednesday slapped fines on Microsoft-owned LinkedIn India, Satya Nadella and eight other individuals for violation of the significant beneficial owner norms under the companies law. Nadella is the chief of Microsoft, which acquired the professional networking platform LinkedIn in December 2016. In a 63-page order, the Registrar of Companies ((NCT of Delhi & Haryana) said that LinkedIn India and the individuals violated the Significant Beneficial Owner (SBO) norms under the Companies Act, 2013. "... Satya Nadella and Ryan Roslansky are the SBOs in relation to the subject company and are liable to a penalty under section 90(10) of the Act, due to their failure to report as per section 90(1). Ryan Roslansky was appointed as the global CEO of LinkedIn Corporation on 1st June 2020 and started reporting to Satya Nadella," the RoC, which comes under the ministry, said in the order. Section 90 of the Act pertains to SBO. It requires companies have to ...
Rebuking Microsoft and its subsidiary LinkedIn, Ola CEO Bhavish Aggarwal in a post said India needs to establish its own tech platforms to shun the chances of being "culturally subsumed" and "governed" by western big tech monopolies. Boycotting Microsoft, Aggarwal said Ola -- an existing customer of Microsoft Azure -- will no longer avail of its services, and will shift its entire workload to its homegrown Krutrim cloud in a week. The backlash comes after LinkedIn removed the CEO's post that called out LinkedIn's AI for "imposing a political ideology on Indian users". He had shared a screenshot from a generative AI response that used "they/their" pronouns to describe Aggarwal. Berating the "pronoun illness", he had said he hopes the practise doesn't reach India. "...the pronouns issue I wrote about is a woke political ideology of entitlement which doesn't belong in India. I wouldn't have waded into this debate but clearly LinkedIn has presumed Indians need to have pronouns in our