Day: December 3, 2021

FTC sues to dam Nvidia’s $40 billion Arm deal

The Federal Commerce Fee on Thursday sued graphics card large Nvidia (NVDA) to dam its proposed acquisition of Arm.

“The FTC is suing to dam the most important semiconductor chip merger in historical past to forestall a chip conglomerate from stifling the innovation pipeline for next-generation applied sciences,” FTC Bureau of Competitors Director Holly Vedova mentioned in a launch.

“This proposed deal would distort Arm’s incentives in chip markets and permit the mixed agency to unfairly undermine Nvidia’s rivals,” Vedova added.

An Nvidia spokesperson responded to the swimsuit saying: “As we transfer into this subsequent step within the FTC course

FM Sitharaman to begin holding price range conferences after winter session

Protecting the time constraints in thoughts, income secretary Tarun Bajaj has already met trade chambers akin to Ficci and PHDCCI, which have submitted their ideas for the price range. Bajaj will meet CII representatives on Friday.

With the Price range for 2022-23 nearing, finance minister Nirmala Sitharaman will meet stakeholders together with representatives from trade, agriculture, well being, schooling and economists after the conclusion of the Winter Session of Parliament on December 23 and even earlier than if the session concludes forward of schedule, sources instructed FE.

The price range for subsequent fiscal yr is to be offered on February

Twitter customers misplaced many followers at present but it surely’s okay: Here is what actually occurred

Twitter followers : Twitter customers, on Thursday (December 2, 2021) began complaining of shedding their followers on an enormous scale. Customers reported a sudden drop of followers on Twitter at present. Some customers reported a lack of as many as 500 followers in a single go, whereas some misplaced a whooping 100K of followers. What’s much more stunning is that newly appointed Twitter CEO Parag Agrawal himself witnessed a major lack of followers. From 360.3 okay followers, the CEO is left with solely 43.7k followers on Twitter.

A daily clear up!

This isn’t the primary time when Twitter has carried