India has lifted the 100 million user cap on WhatsApp Pay, allowing Meta to introduce the mobile payments service to all of its 500 million+ users in the country. This move is seen as a significant win for Meta in India, where it faces competition from established fintech players. The decision will enable Meta to expand its presence in India’s lucrative digital payments market.
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Roomba maker iRobot doubts it can survive the next 12 months
iRobot, known for its Roomba robotic vacuums, is facing financial struggles and potential closure within the next year. After agreeing to sell to Amazon for $1.7 billion in 2022, the deal fell through due to regulatory issues. Revenue has plummeted, resulting in layoffs and a significant drop in stock value, from a peak of $133 to just $4.06 per share. Full Article
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