
Paytm CEO ‘Signals’ users should leave WhatsApp over data privacy concerns
Paytm founder and billionaire Vijay Shekhar Sharma on Monday urged users to leave WhatsApp for encrypted messaging platform Signal over mounting privacy concerns.
Sharma became the second tech chief and world's richest man Elon Musk to endorse Signal after WhatsApp updated its privacy policy to include information sharing with its parent company Facebook and its subsidiaries, amongst other new additions.
Sharma posted a detailed tweet on Monday accusing WhatsApp and Facebook of "abusing their monopoly" and taking users' privacy for granted. Sharma also stated that India being the largest market for the messaging platform should exercise its power and move en masse to Signal.
“They say, market has power. We are the largest market. Here in India WhatsApp / Facebook are abusing their monopoly & taking away millions of users' privacy for granted.We should move on to @signalapp NOW. It is upto us to become victim or reject such moves.” Sharma tweeted.
Last Friday, Musk had tweeted his support of Signal, urging his followers to start using the instant messaging app. Twitter CEO Jack Dorsey too has advocated for Signal in the past.
Sharma’s company Paytm has recently received permission to restart its UPI Payment method rollout, pitting it in a direct competition against WhatsApp.
Signal, which has been developed by a non-profit Signal Foundation, shares an uncanny connection with WhatsApp since one of its founder’s, Brian Acton, was also the co-founder of WhatsApp - a connection Sharma has himself discussed in a tweet before.
Signal has also been endorsed by infamous US whistleblower and privacy advocate Edward Snowden, who reportedly uses the messaging app himself.

Bank of England dismisses talk of inflation threat during post-Covid rebound

Govt clears ₹7,350-cr PLI booster for production of laptops, tablets, PCs

'Govt has no business to be in business': PM Modi bats for privatisation
- Reiterating his government’s stance on privatisation, the Prime Minister said, “We have made it clear in the new public sector enterprise policy that government will have limited role in only four strategic sectors and all other public sector units can be privatised.”

India's corporate bond mkt can double to ₹65-70 lakh cr by March 2025: Crisil

Tesla shares rally in premarket trading on ‘buy the dip’ bounce

Elon Musk’s Starlink to be game changer for telecommunications sector

Centre lifts embargo on grant of govt businesses to private banks

Sensex zooms 1,030 points; Nifty tops 14,950

GAIL share buyback offer to open on February 25: All you need to know

Sensex rallies over 500 pts; Nifty tops 14,850 after trade resumption
- After resumption of trade at 3.45 pm, NSE Nifty was quoting 152.95 points or 1.04 per cent up at 14,860.75.

Biden rushes to address global computer chip shortage via latest executive order
- The scarcity, exacerbated by the pandemic, will be the subject when Biden meets a bipartisan group of US lawmakers on Wednesday to discuss the issue.

Barbie’s pandemic sales boom followed yearslong revamp at Mattel

Hyundai Motor to replace battery systems in 82,000 EVs in recall worth $900 mil

NSE, BSE extend trading hours till 5pm today. Here's why
- Earlier in the day, NSE had halted trading in its cash and derivative segments at 11.40 am, due to issues with telecom links of its two service providers.
