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    Lockdown impact: On World Bicycle Day, famous Atlas Cycles shuts down, 700 people lose jobs (www.nationalheraldindia.com)

    “Post lifting of lockdown with effect from June 1, 2020, Sahibabad unit of the company is not in a position to resume manufacturing operations due to financial constraints. Hence, the workforce of Sahibabad unit of the company will be laid off with effect from June 3, 2020, till adequate arrangement of funds is made,” the company said.

    The company said that due to severe cash crunch, it was difficult for the company to even procure raw materials.

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    WhatsApp in its response to SC: Smells ‘nexus’ between SC petition, CCI plea; An irresistible conclusion (timesofindia.indiatimes.com)

    WhatsApp has questioned the credentials of Good Governance or G2 Chambers — the petitioner challenging its entry for payments business through UPI.

    It is ‘an irresistible conclusion’ that the same set of people are also behind the complaint against WhatsApp Pay at the Competition Commission of India (CCI). (G2) is unregistered’ think-tank, which was formed only two months before the petition was filed. “ – WhatsApp

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    The New Google Search Algorithm is all about page experience (webmasters.googleblog.com)

    Great page experiences enable people to get more done and engage more deeply; in contrast, a bad page experience could stand in the way of a person being able to find the valuable information on a page. By adding page experience to the hundreds of signals that Google considers when ranking search results, we aim to help people more easily access the information and web pages they’re looking for, and support site owners in providing an experience users enjoy.

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    What Govt Worked on during the lockdown (idronline.org)

    While coronavirus dominated news cycles, the government took several significant decisions that were not related to the pandemic. Top 3:
    1. The draft Environment Impact Assessment (EIA) notification was issued, making it easier for businesses to obtain environmental clearances
    2. The central government redefined what it means to have domicile in Jammu and Kashmir
    3. The Uttarakhand Forest Department proposed using 788 hectares of protected forest land for the Kumbh Mela in 2021
    4. The National Board for Wildlife (NBWL) approved clearances for a number of ‘developmental projects’ across the country via its first-ever virtual meeting

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    Early Facebook Employees Disavow Zuckerberg’s Stance on Trump Posts (www.nytimes.com)

    In an open letter, nearly three dozen called on the chief executive to take action on President Trump’s messages.

    The former employees said in an open letter that Mr. Zuckerberg’s position was a “betrayal” of Facebook’s ideals and urged him to reconsider it. They included Facebook’s first chief of communications, as well as designers, engineers and policy executives. Some had helped write the social network’s original community guidelines, which govern what can and cannot be posted.

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    Goldman Sachs on COVID-19’s Impact on the Future of Fintech: The digital adoption will accelerate Fintech growth (www.goldmansachs.com)

    The current environment has only accelerated the need and expectation for financial services to be delivered in a 100% digital environment as the shutdown has forced people to conduct critical financial activities and banking functions, such depositing checks or paying bills, online and over their phones.

    This not only creates a great opportunity for next generation digital finance platforms to drive efficient customer acquisition but also an opportunity for these digital platforms to prove their differentiated value proposition versus traditional providers.

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