Twitter rival koo retrenches 30 % Employees believe of investment definition

Microblogging site Twitter’s rival Koo in India has trimmed about 30 percent of its workers in the last few months. This startup has to lift the loss and it is also struggling with lack of funding. KOO investors include the American Investment Firm Tiger World.

The bloomberg information was told by a KOO spokesman that the firm has trimmed around 260 workers, which is about 30 percent of its total workforce. The spokesperson said, “Market is focusing more on affidavit rather than arrest growth.” KOO benefited in the beginning of Twitter’s controversy with Indian authorities. Due to this, a large number of people including celebrities and officials shifted to this microblogging app. Technology companies have been facing difficulties for the last few months. The value of these companies has decreased. Along with this, investors are also keeping distance from these companies.

Recently Koo integrated the chatgpt of Openai. This will make it easier for users to prepare the post. Chatgpt is an Artificial Intelligence Bot that can prepare a content when indicated. Its popularity in the tech industry is increasing rapidly. KOO’s co-founder, Mayank Bidawatka, had said that users will be able to draft posts on various subjects with the help of chatgpt inside the app. He had said, “Users can write their views after asking it about trending news in their field.”

The KOO will be the first platform to integrate technology with the capacity to prepare the post. For this, users will be able to type their signals in the Chatgpt tool or the voice command feature of KOO can be used. About 20 percent of KOO users prepare content on the app and the integration of Chatgpt will help increase this figure. This feature will initially be given for verified accounts on KOO and later it will be available to all users. Twitter is getting a tough competition from the KOO app. Last year, KOO became the second largest microblogging platform in terms of user downloads. It is the only Indian platform to combat platforms like Gettr, Fact Social, Mastodon and Parler. It also launched four new features for users.