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“Investors Claim Byju’s Diverted $533mn, Demand Stop to Rights Issue”

Investors Accuse Byju's of Diverting Funds and Seek Stay on Rights Issue

Allegations of financial impropriety have surfaced against India's prominent edtech giant, Byju's, as investors claim the company siphoned off a staggering $533 million to an obscure hedge fund in the United States. In response, investors are seeking a stay on Byju's $200 million rights issue, labeling it as illegal and in violation of established laws.

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“Alphabet’s $90 Billion Market Value Plunge Linked to Google’s Gemini Controversy”

Google's Alphabet Faces Market Turbulence Over Gemini Controversy

Google's parent company Alphabet experienced a significant dip in market value, with reports indicating a staggering loss of approximately $90 billion on Monday, February 26. This plunge comes amidst a storm of controversy surrounding Gemini, the company's generative artificial intelligence product. Shares of Alphabet plummeted by 4.5% to $138.75, marking its lowest price since January 5 and its second-largest daily loss in the past year, as reported by Forbes.

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