Flipkart Quick will launch in Bengaluru with 90-minute deliveries
Tech CEOs from Amazon, Apple, Facebook, and Google will testify before the US Congress
What it means: Antitrust laws aim to preserve fair competition. While all of them have faced similar hearings before, this one will focus on the following:
- Amazon - Allegedly using the data it has collected on third-party sellers to make competing products
- Apple - Raising consumers' prices by including a 30% cut of sales from every app in the App Store
- Google - Having one-third share of all online ad spending
- Facebook - Acquisitions (e.g. WhatsApp) or copy-cat (e.g. Instagram stories) strategies that potentially limit consumer choice
You can tune in to the live stream here.
A startup you should follow:
IIT-M based Modulas Housing makes foldable houses that can be set up in hours using a hand full of people. They recently launched mediCAB - a portable hospital unit composed of four zones - a doctor's room, an isolation room, a medical ward, and a twin-bed ICU maintained at negative pressure.