The year is just getting started and large tech companies including Amazon, Salesforce, and Stitch Fix have already laid off 16,420 of their workers, according to Crunchbase. January 2023 became the second-largest layoff month since November 2022, when about 44,570 U.S. tech workers lost […]
Ant Group, a Chinese fintech giant founded by Alibaba owner Jack Ma, said it does not have a plan for an initial public offering (IPO), Reuters reported, citing an emailed statement from the company. Ant Group’s $37 billion IPO, which would have […]
Good evening and happy Friday! It’s a super light news day so we’re not going to cover much ground today. With that, below are some of the top tech startup news stories for Friday, January 6, 2023. Mastercard launches web3-focused artist […]
TL;DR Perceive Biotherapeutics, a Silicon Valley biotech tech startup focused on technologies and therapeutics in ophthalmology, has raised $78M in Series B funding led by Johnson & Johnson Innovation. Using decades of academic research, Perceive Biotherapeutics uses novel therapeutics to prevent the largest […]
Tech layoffs continue unabated as a slew of big tech companies — ranging from Facebook’s Meta to Twitter— are letting employees go due to the ongoing recession and global economic slowdown. Stitch Fix is the latest to join the layoff phenomenon after the […]
Just like an angel of death knocking at the door of every crypto company, crypto winter has come for Huobi. The crypto exchange is laying off 20% of its staff, Reuters reported Friday. The layoff is the latest sign of deep […]
In what the German luxury automaker called “the next level of human-machine interaction,” BMW today unveiled a prototype for its i Vision Dee concept car during the automaker’s keynote at CES on Wednesday evening. The four-door futuristic sedan talks like a […]
Building and growing an online community can be challenging and time-consuming. You not only have to understand the needs of your community members, but you also have to think about community engagement, management, and a slew of other things to grow […]
Amazon said Wednesday that it will lay off more than 18,000 employees, a bigger number than the retail giant announced back in December when the New York Times reported the company was cutting 10,000 jobs. The news is a further indicator […]
In December, we covered AAG when the fast-growing web3 software company integrated Coinbase Pay into its MetaOne Wallet to improve the fiat on-ramping feature for investors. The integration would make it easier for users, many of whom never previously owned cryptocurrencies, to […]
Good evening! Below are some of the top tech startup news stories for Wednesday, January 4, 2023. Sports platform Fanatics divests 60% stake in NFT company Candy Digital Fanatics, a sports platform founded by Michael Rubin, is divesting its 60% stake in NFT […]
Tech giant Microsoft Corp is in advanced talks to invest in San Francisco, California-based startup Gatik, Reuters reported, citing two people familiar with the discussions. The investment is part of Microsoft’s cloud partnership with autonomous middle-mile logistics startup. According to the report, Microsoft […]
Are you tired of scouring tech hubs and major cities for top tech talent, only to come up empty-handed or face fierce competition for the few diamonds in the rough you do find? It’s a tough market out there, and […]
Good evening! Below are some of the top tech startup news stories for Tuesday, January 3, 2023. Apple’s market cap falls under $2 trillion for the first time since May 2022 After briefly hitting a $3 trillion valuation in January […]
ByteDance, the parent company of the popular video app TikTok, is the latest in a series of companies to announce layoffs amid recession anxiety and global slowdown. ByteDance laid off hundreds of staff in December last year, according to a Tuesday report […]
Back in November, India-based startup global web3 game discovery and wallet app Glip landed $2.5 million in funding led by Hashed Emergent with participation from Beenext and existing investor Prime Venture Partners with the goal of bringing millions of gamers to web3. […]
Elon Musk’s space company SpaceX is raising $750 million in a new round of funding that values the company at $137 billion, CNBC reported late Monday. The announcement comes just three days after the SpaceX Falcon team achieved a major milestone […]
Happy New Year! It’s been a while since we last covered the top startup news of the day. We listened closely to you and overwhelmingly, a majority of you want us to resume the series. What better time to resume […]
The co-founder and Chief Technology Officer of Indian food delivery startup Zomato Gunjan Patidar has resigned, the latest in a series of top-level executive exits to leave the 12-year-old startup. Patidar’s exit comes just two months after another co-founder, Mohit Gupta, resigned from […]
2022 is finally drawing to a close. This year is probably one of the worse years we’ve seen in decades. In the last 12 months, we saw the worst inflation in 40 years, economic downturn, global uncertainties, recession, and war. […]