Topic: business diversification
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PhonePe Shuts Down Pincode App in E-Commerce Retreat
PhonePe has discontinued its Pincode consumer e-commerce app to focus exclusively on developing B2B solutions for offline merchants, shifting away from the competitive quick-commerce market. The Pincode app, launched in 2023 on the ONDC network, was a hyperlocal marketplace that struggled to gain...
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The Creator Economy's Impact on the Internet
The creator economy promises fame and wealth through digital entrepreneurship, with figures like MrBeast inspiring creators to pursue viral success. However, even top creators often lose money on content, relying instead on merchandise sales for revenue, shifting the focus from creativity to comm...
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Tesla Robotaxi Driver Caught Asleep at the Wheel
A Tesla Robotaxi safety driver was filmed repeatedly falling asleep during a ride in San Francisco, raising concerns about the effectiveness of human oversight in the autonomous driving program. The incident occurred as Tesla faces declining profits and an aging lineup while aggressively pursuing...
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Groww IPO Raises $750M Amid India's Investing Boom
Groww launched India's largest fintech IPO this year, raising ₹66.3 billion and achieving a 29% surge in share price, boosting its market valuation to around ₹795 billion. Founded in 2016, the platform targets novice investors and competes with established firms, supported by a user base of over ...
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Explosion, Vehicle Fire Shut Down Faraday Future HQ
An electric SUV from Faraday Future caught fire and exploded at its Los Angeles headquarters, causing damage to a building but resulting in no injuries, with the fire department extinguishing the blaze within 40 minutes. The incident led to a "red tag" on the damaged structure, deeming it unsafe,...
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