📱 Xiaomi Overtakes Apple!
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Xiaomi Overtakes Apple to Become Second-Largest Smartphone Maker Globally
Xiaomi is getting back-to-back good news for some time now.
First, Xiaomi was removed from the U.S. blacklist after the Department of Defense realized that Xiaomi has nothing to do with the Chinese military.
Now, Xiaomi has successfully displaced Apple from its rank as the second-largest smartphone vendor globally, as per Canalys' new data.
With a 19% market share in the global smartphone market, Samsung was the largest smartphone vendor worldwide.
Xiaomi is next on the list with a 17% market share, whereas Apple is 3rd with 14% market share.
The fourth and fifth largest smartphone makers on the list were Oppo and Vivo, with a 10% market share.
When it comes to year-on-year growth, Xiaomi beats every other brand on the list. That, too, with a large margin.
Xiaomi grew 83% compared to the same period last year. Apple, on the other hand, saw only 1% year-over-year growth.
Google Rolls out a Feature to Delete Last 15 Minutes of Search History
Google announced a new feature on Thursday. With this feature, Google search users can delete their last 15 minutes of search history at one go.
This feature was first announced during I/O 2021 alongside several other improvements to search and Chrome.
But if you are an Android user, you may have to wait for a couple of more months.
Currently, this feature is only available on Google's iOS app, but the search giant will roll out these features for their Android users later this year.
The company hasn't announced any such features for desktop users.
But, desktop users can choose an option to auto-delete their search history in 3, 18, or 36 months. Manual deleting search history is also an option.
Binance Rolls Back its Tokenized Stock Service Amid Increasing Regulatory Heat
After regulatory pressure from many countries like Germany, Thailand, the United Kingdom, the United States, among others, Binance has decided to stop offering tokenized stocks on its platform.
Binance, the world's largest cryptocurrency exchange, made this announcement via a blog post on Friday.
The popular cryptocurrency exchange began offering tokenized stocks in partnership with a licensed German investment firm, CM-Equity.
Every digitized stock was fully backed by the shares that CM-Equity AG held.
The announcement mentioned that the digital stocks available on their platform would be unavailable for purchase with immediate effect.
Binance gave time till October 14 to its users who bought digital stocks through its platform. After that, they will stop support for stock tokens.
The users are free to hold onto the stocks or sell them over the next 90 days.
Paytm, Indian Digital Payments Unicorn, Files for $2.2 Billion IPO
Paytm, one of India's most valuable startups is planning to conduct an initial public offering to raise up to $2.2 billion.
The company has already submitted its draft papers to India's regulators.
Paytm already counts Alibaba, Ant Financial, SoftBank, and Berkshire Hathaway, as its major backers.
Among them, Alibaba, combined with Ant Financial, holds a 36% stake in the company. SoftBank, on the other hand, owns an 18% stake in Paytm.
Paytm — A Digital Payments Giant
Founded in 2019, Paytm is competing with Google Pay and PhonePe to dominate in the world's second-largest internet market.
Paytm has also disclosed in its papers that it has a user base of 333 million, with 114.3 million active users.
The digital payments giant also has 21 million merchants on its platform, making it one of the leading names in the competitive Indian digital payments market.
Pre-IPO Funding
The company has also announced that it may raise $268 million in the pre-IPO round.
Paytm is already in talks with Fidelity and Goldman Sachs for the pre-IPO funding.
A Delta Pilot Sues the Airline for $1 Billion, Allegedly for Copying the Idea of his App!
Craig Alexander, a Delta Air Lines Pilot, has filed a lawsuit for $1 billion against the airlines for stealing his idea for an app, as per a Bloomberg report.
He claims to have spent $100,000 of his own money towards developing the app that he calls QrewLive.
Back in 2015, Alexander allegedly pitched it to Delta Air Lines. He also claims he also got positive feedback on his idea.
But Alexander said to Bloomberg that Delta launched an app called Flight Family Communications in 2018 after rejecting his idea.
He says that the Flight Family Communications app was identical to the QrewLive app he pitched to Delta.
Alexander said to Bloomberg, "FFC' is a carbon copy, a knock-off of the role-based text messaging component of Craig's proprietary QrewLive communications platform."
The lawsuit names six executives of Delta Air Lines.
They are Ed Bastian — CEO of Delta, Rahul Samantha — CIO of Delta, besides four other executives.
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