Threads, a Slack alternative completely unrelated to Instagram, has seen downloads surge

Instagram’s Twitter clone Threads enjoyed a fairly fruitful first week in existence, sailing past 30 million users in the first 24 hours before passing 100 million signups within five days. And just yesterday, numbers from Data.ai indicated that Threads has now hit 150 million downloads. However, another completely unrelated app has been inadvertently thrust into…

Flipkart makes $700 million payout to employees following PhonePe split

Flipkart commenced a $700 million “one-time discretionary” cash payout to employees on Friday, the single-largest such compensation in the Indian startup ecosystem. The Walmart-backed Bengaluru-headquartered startup is compensating employees for the separation of fintech PhonePe from the e-commerce group, a move that devalued Flipkart’s shares.  The two firms completed a full ownership separation late last…