Twitter reduces Twitter Blue waiting time. 2 other stories and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today
1. Twitter reduces Twitter Blue waiting time
Elon Musk’s micro-blogging site, Twitter, has announced a new 30 day waiting time for accounts to buy Twitter Blue.
Twitter Blue made the announcement on its page as seen by Ripples Nigeria on Friday.
The company initially announced that newly created accounts would wait for 90 days before they could subscribe to Twitter Blue.
While noting that the team has reviewed the waiting period to 30 days, the notice noted that changes on the waiting period is subjected to the company’s discretion.
“Newly created Twitter accounts will not be able to subscribe to Twitter Blue for 30 days. We may also impose waiting periods for new accounts in the future at our discretion, and without notice,” the Twitter Blue page reads.
Tech Trivia: What is the purpose of edge caching?
A. It translates website data for users in different countries.
B. It creates incremental backups of website data.
C. It compresses website data before it is delivered to the end user.
D. It delivers website content to users from a server close to their location.
Answer: see end of post
2. Accenture to cut 19,000 jobs from global workforce
Professional services giant, Accenture, has announced plans to cut 19,000 jobs or 2.5% of its global workforce.
Read also:Nigeria launches $618M subvention to fund startups. 2 other stories and a trivia
The company disclosed this in its SEC filing seen by Ripples Nigeria on Friday.
According to the filing, Accenture’s sales increased 5% to $15.8 billion while the company returned $1.8 billion in cash to shareholders in the second quarter.
The Irish-American professional services firm announced that it would spend $300 million to consolidate its office space and $1.2 billion on severance to reduce its personnel by 2.5% over the following 18 months.
“Our strong financial results this quarter again demonstrate that our ability to bring together industry, functional, and technology expertise as well as managed services continues to differentiate us with our clients,” explained Julie Sweet, CEO of Accenture.
“We are also taking steps to lower our costs in fiscal year 2024 and beyond while continuing to invest in our business and our people to capture the significant growth opportunities ahead,” Sweet added.
Ripples Nigeria gathered that more than half of the axed roles would be among back-office staff.
3. VKAV raises $43 million from pan-African venture fund
Verod-Kepple Africa Ventures (VKAV) has received $43 million, as part of its ongoing fundraising for its pan-African venture fund.
VKAV Partner Ory Okolloh confirmed the funding in a statement on Friday.
VKAV, a joint venture between Kepple Africa Ventures and Verod Capital Management Limited (Verod Capital), was established in 2022.
Focusing on African emerging growth stage companies is the Pan-African Venture Capital Fund.
“We are incredibly grateful for the confidence that our world-class set of investors have in our team and differentiated value creation strategy. We look forward to deepening the successful long-term partnership we have with them,” said Okolloh.
Ripples Nigeria gathered that some of the current investments include Moove Africa, NowPay, Koko Networks, and many others Ceviant.
Trivia Answer: It delivers website content to users from a server close to their location
Edge caching is a mechanism content delivery networks (CDNs) use to cache Internet content in different locations around the world
By Kayode Hamsat
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
A tale of Kwara public school where pupils learn under the tree without chalkboards
“You cannot make people learn. You can only provide the right conditions for learning to happen.” – Vince Gowmon But...
SPECIAL REPORT: Indiscriminate waste dumps, open defecation pose threat of epidemic in Kwara as govt slow to act
Forty three-year-old Bilikis Abdulrahman covered her pineapple fruit she is selling inside a white bucket container. This, she does to...
SPECIAL REPORT: Women displaced by conflict in North-Central Nigeria become farm helps to survive
Displaced women finding refuge in Abagena camp for Internally Displaced Persons (IDP) camp in Makurdi, Benue State have resorted to...
FEATURE: Kwara residents cry out for help as rainstorm devastates their homes
Phillip Moffitt, an American author, said: “the house is a home when it shelters the body and comforts the soul”,...
SPECIAL REPORT: Small businesses suffer, as govts fail to end sit-at-home in Nigeria’s South-East
It is a Thursday afternoon in December 2022 and the sun is scorching inside the popular Ogbete Market in Enugu...