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In Today’s Edition
Subscription Boom: Can Differential Pricing Strategy Help Swiggy-Zomato Boost Monetisation?
Short Video Platform Tiki To Shut Down
GM follows Ford in adopting Teslas EV charging standard
Major Reddit communities will go dark to protest threat to third-party apps
Apple still aiming to release a more affordable version of Vision Pro by the end of 2025
Robot can rip the data out of RAM chips with chilling technology
First mission to ‘touch’ the sun catches the solar wind
🚀Startups Nuts
In a research note, Kotak noted that Zomato and Swiggy have introduced differential pricing to their food delivery subscription packages to improve the contribution margin from the subscribing customers. As per Kotak’s research report, Zomato Gold’s three-month subscription currently varies between INR 199 and INR 299. For a few users, it is also available for INR 1 and INR 49 for one month. Swiggy One subscription has prices varying between INR 249 and INR 749 for three months: Kotak.
Tiki had managed more than 100 Mn downloads on the Google Play Store. Users will not be able to create short videos or watch streams after June 27. Tiki’s closure comes as many Indian short video platforms are also struggling.
🏭Business Nuts
General Motors CEO Mary Barra announced on Thursday that the automaker will adopt Tesla's electric vehicle charging standard early next Spring. This will make thousands of Tesla Superchargers available to owners of GM electric vehicles. The first GM-produced electric vehicle to feature a Tesla charging port will arrive in 2025. GM temporarily suspended advertising on Twitter in October 2022 after Elon Musk's acquisition, but it posted a tweet to promote the announcement.
Some of Reddit's biggest communities are planning to set themselves private on June 12. These communities will be inaccessible for 48-hours or more to protest the site's new pricing for third-party app developers to access its APIs. Many third-party app developers have said that they will no longer be able to operate under the new pricing. One of Reddit's employees has argued that the new pricing would be affordable if the apps were more efficient with the API calls they make.
📱Tech Nuts
Apple is working on a more affordable version of the Vision Pro and aims to release it by the end of 2025. The lower-cost version will probably use lower-quality screens, a lower-spec processor, a smaller array of cameras and sensors, and a simpler headband design. It will likely still have the external EyeSight external screen and the same eye- and hand-tracking system. Apple is also working on a new version of the Vision Pro with a faster processor for even better performance.
A cold boot attack is a way of extracting data, including encryption keys, from cooled memory chips. It involves literally freezing memory chips so that the data persists on them for several minutes even when powered down. The attack was first demonstrated back in 2008. Cold boot attacks can be countered with physical memory encryption. Red Balloon Security has developed a device that improves and automates the attack for around $2,000. Details about how the device and attack works are available in the article.
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🎁Miscellaneous
The Parker Solar Probe has discovered the source of solar wind. The solar wind is a continuous outflow of plasma from the Sun's outer atmosphere toward Earth. As magnetic fields pass each other on the Sun's surface, they break and reconnect, sending charged particles flying out of the Sun. The probe detected highly energetic particles traveling 10 to 100 times faster than the solar wind, leading researchers to believe that fast solar wind is created by the reconnection of magnetic fields. Understanding the source of solar winds can help scientists better predict solar storms, which can impact satellites and electrical grids.
💡What else are we reading and seeing?
😎Fun Fact
The phrase "money doesn't grow on trees" originated from the practice of using mulberry tree bark as a medium for printing paper money in ancient China.
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