Adin Ross said, 'You have a beautiful fanbase, a beautiful family, a kid, everyone looks up to you, do not blow this bro'

The Indian government has announced that it would impose a heavy 28 per cent tax on the funds collected by online gaming firms from its customers, dealing a blow to the country’s fast-growing industry valued close to $2bn. India’s Goods and Services Tax (GST) Council, consisting of federal and state ministers, said on Tuesday that it has agreed to levy a 28 per cent indirect tax on online gaming, casinos, and horse racing, adding there should be no distinction between “game of skill” and “game of chance.” Industry experts have voiced concerns that the increased tax burden on the companies may lead to extra charges levied from customers. Companies have so far only paid a small tax on the fee charged from customers for playing games involving real money, but Tuesday’s new rule would impose a 28 per cent tax on the amount these firms collect from players in every game, dealing a hefty blow to their operations. “The implementation of a 28 per cent tax rate will bring significant challenges to the gaming industry. This higher tax burden will impact companies’ cash flows,” Aaditya Shah, an executive at the gaming app IndiaPlays, told Reuters. The new move also comes amid a number of reports across the country of gaming addiction and financial losses among fantasy cricket players and online card games. Commenting on the GST Council’s decision, Roland Landers, chief of the trade body All India Gaming Federation which represents firms like Mobile Premier League, Gameskraft, and Paytm First Games, said it is “unconstitutional, irrational, and egregious”. “This decision will wipe out the entire Indian gaming industry and lead to lakhs of job losses and the only people benefitting from this will be anti-national illegal offshore platforms,” Mr Landers said in a statement, TechCrunch reported. Ashneer Grover, co-founder of the Indian fintech company BharatPe and a former Shark Tank India judge, tweeted that the move may pose risks “not only for online games – but across sectors. Across startups.” “You got billions in from foreign investors as FDI (foreign direct investment). Celebrated FDI inflow! Now the same investors will apply regulatory risk discount to India and funds will dry up,” he said. “RIP – Real money gaming industry in India....It was good fun being part of the fantasy gaming industry - which stands murdered now,” Mr Grover tweeted. Read More A look at sports gambling rules among Big 4 pro leagues Seventh Indian cheetah died of ‘traumatic shock’ after fight with female, post mortem shows Record monsoon rains have killed more than 100 people in northern India this week £10 phone with e-wallet and streaming can bridge India ‘digital divide’, experts say Elon Musk reveals plan to use AI to reveal mysteries of the universe xAI: Everything we know about Elon Musk’s new AI company

By Foo Yun Chee BRUSSELS German business software maker SAP and German engineering company Siemens have joined U.S.

Peter Hynes brimmed with impatience last winter as he mixed an off-white powder the consistency of flour into

NEUSS, Germany--(BUSINESS WIRE)--Aug 15, 2023--

With more cuts expected, West Virginia University’s governing board moved forward Friday with slashing 12 graduate and doctoral programs amid a $45 million budget shortfall

Elon Musk has accepted an offer from legendary MMA fighter George St-Pierre to train him for his upcoming fight against Mark Zuckerberg. The two tech billionaires agreed to a “cage match” last week after Mr Musk first proposed a fight following rumours that the Meta boss was working on a new platform to rival Mr Musk’s Twitter. The UFC Apex centre in Las Vegas will be the likely location of the contest, which has been endorsed by UFC president Dana White. Mr Zuckerberg already practises martial arts and competed in his first jiu jitsu tournament earlier this year. Mr Musk, by contrast, claims to “almost never work out”, though does have a significant size advantage over his rival. Former UFC champion St-Pierre, who retired in 2019, is widely considered one of the greatest ever mixed martial artists, having won both the welterweight and middleweight titles. Addressing Mr Musk on Twitter over the weekend, the retired fighter wrote: “I’m a huge fan of yours and it would be an absolute honour to help you and be your training partner for the challenge against Zuckerberg.” On Monday evening, Mr Musk replied: “OK, let’s do it.” The SpaceX, Tesla and Twitter boss revealed that he had a “practice round” with podcaster and jiu jitsu fighter Lex Fridman on Monday evening. Mr Fridman also sparred with Mr Zuckerberg last week, with a video showing the Facebook founder submitting the black belt with a choke hold. No date has been set for the fight, though both opponents have spoken to the UFC president about the contest. Mr White said that the pair were “absolutely dead serious” about the bout. “They both said, ‘Yeah, we’ll do it’. They both want to do it’,” he told TMZ. “This would be the biggest fight ever in the history of the world. Bigger than anything that’s ever been done. It would break all pay-per-view records... You don’t have to be a fighting fan to be interested in this fight. Everybody would want to see it.” Read More Elon Musk confirms cage fight with Mark Zuckerberg Twitter hacker who took over Musk, Obama, Biden accounts gets prison sentence Elon Musk confirms cage fight with Mark Zuckerberg Elon Musk sparks outrage with threat to ban ‘cisgender’ as a ‘slur’ on Twitter

President Joe Biden toured areas of Maui devastated by recent wildfires and where hundreds of people are still

Netflix is launching its long-threatened password sharing crackdown in the UK. The company is writing to members who are sharing Netflix accounts and telling them that they will no longer be permitted to do so. Instead, they will be encouraged to “transfer a profile” so that users can have their own standalone accounts, or “buy an extra member”, which will let people who don’t live in a household be added for £4.99 a month. “Your Netflix account is for you and the people you live with – your household,” the email sent to problem accounts reads. The message will only be sent to those suspected of currently sharing their accounts. Netflix has not revealed exactly how it is tracking those it believes to be sharing passwords with people outside their households. But it says that it is watching for telling “account activity”, based on IP addresses and devices IDs, which might for instance indicate that an account is being used in two very different places at once. It stressed that the crackdown will not apply to those who are using their account for travelling. “You can easily watch Netflix on the go and when you travel – either on your personal devices or a TV at a hotel or holiday home,” the email reads. Users who are affected are encouraged to go to Netflix’s help centre. But the email also offers a variety of ways to deal with the problems. First, users are encouraged to “control how your account is used” by checking who is currently accessing their account. Netflix has a web page that will show what devices are currently logged into an account, and that same page can be used to kick them out of an account – after which the company encourages changing the password so that any old devices cannot log back in. If those people sharing an account are doing so with permission, however, Netflix is offering a variety of options. The transfer a profile tool will mean that users can set up a new, separate account but keep their watch history and other details, or the “buy an extra member” tool essentially lets someone outside the home have permission to share an account for less than the price of a full membership. Netflix has been gradually rolling out its password sharing crackdown across the world, beginning in Latin America and since expanding to other regions including Spain and Portugal. It has not said how it is deciding which countries are chosen to be hit by the new crackdown. The move is one of a range of changes from Netflix as it attempts to deal with slowing rates of subscriber growth that have led it to look for new ways to boost profitability. It has said that it believes some 100 million people around the world are using other people’s Netflix accounts – and that encouraging at least some of those to sign up could deal with those falling rates of signups. In its results call in April, Netflix said that early tests had shown that the crackdown was successful in encouraging people to sign up for their own accounts. While customers initially cancelled their accounts in response to the news, membership and revenue then rose after that as people started paying for their own logins, said co-chief executive Greg Peters. He also noted then that testing had revealed some problems with the crackdowns, including users complaining that they were being targeted when they were using the app on the go or while on holiday. Netflix had updated the technology underpinning the new rules in response to those complaints, he said – and it was those improvements that had given it confidence to launch the crackdown more broadly. Read More Netflix begins crackdown on password sharing in the UK and US Netflix begins sending emails to UK customers about account sharing Who is David Sacks: the controversial entrepreneur hosting DeSantis 2024 event Who is David Sacks: the controversial entrepreneur hosting DeSantis 2024 event Male characters in role-playing video games ‘speak twice as much as females’ Peloton undergoes huge rebrand

Access to Twitter’s own TweetDeck client will be limited to paid subscribers from August, cutting off free users

NEW YORK--(BUSINESS WIRE)--Sep 13, 2023--

Canada is set for massive growth in wind power generation as it moves toward net zero emissions by