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Elon Musk is considering pulling Twitter out of Europe over the new EU compliance laws

Nickie Louise Posted On October 18, 2023

Elon Musk is considering taking Twitter out of the European market in response to a fresh set of European Union’s internet platform regulations known Digital Services Act (DSA), Insider reported on Wednesday. The DSA is a comprehensive legislation designed to oversee […]

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Why Online Businesses Fail: Top 5 Mistakes to Avoid

Nickie Louise Posted On October 18, 2023

Running an online business can be a rewarding venture, but it’s not without its distinct set of challenges. Sadly, a significant number of online businesses experience failure within their initial years of operation. Although various factors can lead to this, […]

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Fintech startup Globacap raises $21 million in Series B funding to digitize the $12 trillion private markets

Nickie Louise Posted On October 18, 2023

Private markets have seen a significant increase in Assets under Management (AUM), reaching a substantial $11.7 trillion in 2023. This number is expected to double within the next five years. However, despite its considerable size and importance, the processes within […]

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X (formerly Twitter) launches $1 annual subscription plan for basic features in a test to reduce bots and spam

Nickie Louise Posted On October 18, 2023

X, formerly known as Twitter, announced on Tuesday that it’s rolling out a new subscription model in a test to reduce bots and spam. The new $1 annual subscription plan called “Not A Bot,” will charge users for actions like […]

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Flatfile acquires AI startup ChatCSV to boost its AI-powered data exchange platform

Nickie Louise Posted On October 17, 2023

Denver-based startup Flatfile has acquired ChatCSV, an AI startup known for its highly popular AI chat app used by prominent organizations like P&G, McKinsey, Zapier, Quora, and Vimeo. The company did not disclose the amount and terms of the deal. This […]

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Invesco boosts Indian food delivery startup Swiggy’s valuation to $7.8 billion after cutting it to $5.5B in May

Nickie Louise Posted On October 17, 2023

US investment firm Invesco Inc. has made a substantial upward revision in its valuation of Indian food delivery startup Swiggy, raising it to $7.8 billion. This adjustment comes after it had marked down the valuation to $5.5 billion back in […]

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LinkedIn fires nearly 700 employees in second round of layoffs

Nickie Louise Posted On October 17, 2023

LinkedIn, a Microsoft-owned professional networking and hiring platform, has laid off 668 employees mostly in its finance, engineering, and talent departments. This reduction accounts for approximately 3% of the company’s workforce, which surpasses 20,000 employees. . The layoff announcement marks the […]

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Chinese AI startup Baichuan raises $300 million in funding from Alibaba, Tencent, and others

Nickie Louise Posted On October 17, 2023

Investment in artificial intelligence (AI) startups continues at a rapid pace with no signs of slowing down as investors pour billions into the space. The most recent addition to this funding surge is the Chinese AI startup Baichuan. On Tuesday, Baichuan announced […]

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SEC has not yet approved iShares Bitcoin Spot ETF; BlackRock denies Coin Telegraph report

Nickie Louise Posted On October 16, 2023

BlackRock has denied a report from crypto news outlet Cointelegraph, which claimed that U.S. regulators had given the green light to their high-profile application for a cryptocurrency investment product. According to Reuters, BlackRock clarified the situation by stating, “The iShares […]

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Stack Overflow lays off 28% of its total workforce amid challenges posed by generative AI

Nickie Louise Posted On October 16, 2023

Stack Overflow is laying off 28% of its staff. In an announcement on Monday, CEO Prashanth Chandrasekar revealed that the company is reducing its total workforce by about 28% as part of cost-cutting measures to address new challenges. Over the […]

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Rite Aid files for bankruptcy as drugstores face existential crisis from online retailers like Amazon

Nickie Louise Posted On October 16, 2023

Rite Aid has filed for bankruptcy. The 61-year-old drugstore chain with over 2,000 locations across the US, filed for Chapter 11 bankruptcy protection in New Jersey on Sunday. The move was part of the company’s efforts to restructure and significantly […]

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Flexport is laying off 20% of its workforce one month after the logistics startup ousted its CEO, Dave Clark

Nickie Louise Posted On October 13, 2023

Logistics startup Flexport is planning to cut about 20% of its global workforce in a new round of layoffs following a 20% layoff in January, CNBC reported. Citing an internal memo to the company’s employees, CNBC said that CEO Ryan Petersen […]

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Microsoft seals Activision Blizzard deal after UK regulatory approval

Nickie Louise Posted On October 13, 2023

After nearly two years of regulatory scrutiny, Microsoft, the maker of Xbox, has successfully completed its acquisition of Activision Blizzard for $69 billion. This move significantly bolsters Microsoft’s presence in the video gaming industry, granting them access to popular titles […]

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CoinMarketCap Releases “According to CMC” Q3 2023 Report on the Crypto Market

Nickie Louise Posted On October 12, 2023

Key takeaways from the Q3 report include: A significant drop in trading volume, reaching historic lows. The combined spot trade volume on the top 15 centralized exchanges decreased by 30.59% in Q3. Memes, a sector that dominated in Q2 2023, […]

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Xsolla’s New Headless Checkout Feature Now Lets Developers Create Custom Payment Experiences

Nickie Louise Posted On October 12, 2023

Earlier today, we wrote about Xsolla after the global video game commerce company announced the acquisition of Lightstream, Rainmaker, and API.stream to empower talent agencies, content creators, and their audiences. Now, the company has just released a new feature for […]

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Xsolla acquires Lightstream, Rainmaker, and API.stream to empower content creators

Nickie Louise Posted On October 12, 2023

In the ever-evolving world of content creation and distribution, innovation and simplification are constant goals. That’s why Xsolla, a major player in the video game industry, has decided to make a strategic move to meet these challenging needs. Today, Xsolla […]

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ALT21, a London-based fintech startup, raises $21M in funding to grow its hedging platform

Nickie Louise Posted On October 12, 2023

ALT21, a London-based startup and provider of an end-to-end platform for FX hedging, has closed $21 million (19.4 million euros) in funding, marking one of Europe’s largest pre-Series A funding rounds this year. The influx of capital positions ALT21 for […]

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YouTube surpasses Netflix as the most popular video streaming service among teens

Nickie Louise Posted On October 12, 2023

Teenagers in the United States say they watch more videos on YouTube than on Netflix, according to a recent survey conducted by investment bank Piper Sandler in partnership with DECA. The survey found that teenagers in the United States now spend […]

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Atlassian acquires video messaging platform Loom for nearly $1 billion

Nickie Louise Posted On October 12, 2023

Team collaboration software company Atlassian announced today it has agreed to acquire the communications and video platform platform Loom, in a deal valued at approximately $975 million. The acquisition involves around $880 million in cash and the remainder in shares. […]

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Convera completes migration to AWS to accelerate faster payments and improve customer experience

Nickie Louise Posted On October 12, 2023

Convera, a B2B payments fintech startup, today announced it has successfully completed the migration of its payments network and customer services to Amazon Web Services (AWS). This move is set to empower Convera to offer a swifter payment network and […]

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