Late last month, Trump said he fully backed the H-1B programme for foreign workers opposed by some of his supporters after Musk, the billionaire CEO of Tesla and SpaceX, vowed to go to "war" to defend
US technology giants such as Google, Facebook, Twitter and Apple are looking at acquiring Indian startups to shore up on high quality talent available in the country to help build new age products or services.The acquisition of these companies might not necessarily give these large firm access to any new technology or markets. Since 2014, Google, Facebook, Twitter and Apple have all made their first acquisitions in India. The trend was kicked off by Facebook, which acquired Bengaluru-based Little Eye Labs in January 2014, which built software tools for analysing the performance of Android apps, in what could be called in startup parlance as acqui-hire or buying companies for their talent.The five-member team including co-founders Giridhar Murthy, Lakshman Kakkirala and Aditya Kulkarni of Little Eye Labs moved to Facebook's headquarters in Menlo Park, where they continue to work as engineers working on products for the social network.Twitter made the next move, acquiring Pune-based ...
Acquisitions not necessarily giving them access to new technology