Indian E-commerce Startup Arzooo Sells Assets in Distressed Sale
Arzooo, an Indian startup founded by former Flipkart executives, sells assets to Moksha Group in a distressed sale after failing to secure merger deals.
Bizbooq
A growing concern among parents and experts is the impact of grade-tracking apps on kids' mental health and privacy. These apps, which allow parents to monitor their children's grades and behavior, have become ubiquitous in American schools, with a majority of public and private high schools using them. While they offer a convenient way for parents to stay informed, they also raise concerns about data privacy, equity, and their potential to fuel an achievement-obsessed culture that can lead to stress and burnout among kids.
Experts argue that the constant stream of grades and feedback can create anxiety and pressure on kids, particularly those who struggle academically. Moreover, the apps can perpetuate a culture of over-monitoring, limiting kids' autonomy and potentially harming their mental health. There are also concerns about the security of sensitive data, including children's locations and behavioral challenges, which could be vulnerable to hacking.
To address these concerns, experts recommend updated federal youth privacy legislation and greater transparency from app developers about the data they collect and how it can be used. Schools can also play a role by communicating essential information to parents through alternative means, such as email or in-person meetings, rather than relying solely on apps.
Arzooo, an Indian startup founded by former Flipkart executives, sells assets to Moksha Group in a distressed sale after failing to secure merger deals.
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