Softbank reports its biggest loss ever, posted a $23.4 billion in quarterly loss as the global market sell-off spread to tech stocks and shredded valuations at its Vision Fund unit. The announcement comes just two years after the Japanese giant posted a […]
Late last month, we wrote about Crypto.com after the crypto exchange startup received registration and regulatory approval from the Organismo Agenti e Mediatori (OAM) in Italy as a provider of virtual currency and digital wallet services. The approval enables Crypto.com to […]
Amazon announced today it has acquired the maker of Roomba robot vacuum cleaner iRobot Corp for $1.7 billion in an all-cash deal, as part of the latest push to grow its connected device cart products and add to its cart of smart […]
Commission-free stock and trading app Robinhood is laying off 780 staff, about 23% of its total workforce. The layoffs followed a previous round of layoffs that the company announced in April, which saw 9% of its people (~342 people) out of jobs. […]
Crypto exchange Coinbase has partnered with the world’s largest asset manager BlackRock to offer direct access to bitcoin to some institutional clients. The partnership further shows that the ongoing crypto bear market has done little to stop investors’ interest in […]
The SaaS industry has been booming over the past several years. After a global valuation of $31.5 billion in 2015, the market for cloud-based solutions is expected to reach a staggering $208 billion by the end of 2023, highlighting just […]
In the past three years, over 80% of producers recorded an unexpected downtime in manufacturing leading to an hourly cost of up to $260.000, according to a recent report from Aberdeen Research. The situation is even direr in the industrial sector. Now, […]
Private equity giant Thoma Bravo continues with its acquisition spree. Ping Identity announced today that Thoma Bravo is buying the Enterprise identity management company and would take it private, in an all-cash buyout deal valued at $2.4 billion. As part of the […]
Michael Saylor is leaving his role as CEO of MicroStrategy to become Executive Chairman of the company, according to a statement released this afternoon. MicroStrategy’s president, Phong Le, will become the company’s new CEO. Saylor founded MicroStrategy in 1989 with his […]
Robinhood is in trouble with government regulators again. The commission-free trading app found itself in hot water after the New York State’s financial regulator fined the crypto unit of Robinhood $30 million for alleged violations of anti-money-laundering, cybersecurity, and consumer protection […]
On August 17, 2020, The Italian Supervisory Authority (SA) banned the use of Google Analytics, ruling that it was non-compliant with EU data protection rules. They banned the popular analytics tool, finding that the protections Google applied were not sufficient to […]
Every year, the U.S. government creates hundreds, if not thousands, of new regulations that impact small and big businesses alike. In the last two decades, the regulatory burden has grown substantially and cost over two million jobs. Companies dedicate a large […]
Crypto hackers strike again. In the latest heist to hit the crypto space, U.S.-based crypto exchange Nomad has been hit by a $190 million theft, according to a report by blockchain researchers. The revelation comes just a week after Nomad raised $22 […]
Electric heavy truck maker Nikola Motors announced on Monday it has agreed to buy energy storage technology company Romeo Power for $144 million as part of its effort to secure control of critical battery pack engineering and production process, giving the Tesla rival control […]
Creating robots is hard and challenging. Most roboticists will tell you that it took years before the last robot they built or programmed was any good at performing a specific task. So to avoid reinventing the wheels, most robotic companies typically begin […]
Last week, we wrote about tech startups struggling to raise new funds due to the global economic downturns and other macro events such as inflation, the Russia-Ukraine war, and the rising interest rates. But there is a bigger problem facing […]
Global Payments, an Atlanta-based provider of payment technology and software solutions, announced it has reached an agreement to acquire a smaller rival EVO Payments in a deal valued at nearly $4 billion including debt. The announcement comes just a year after Global […]
On Monday, we wrote about Zipmex after the Singapore-based cryptocurrency exchange startup came under investigation by Thailand Securities and Exchange Commission (SEC). The investigation started after Zipmex temporarily suspended withdrawals for thousands of its customers but later resumed withdrawals on […]
In the late 70s and early 80s, Japanese and South Korean automakers succeeded in crackin the American car market. Now, an unknown Vietnamese carmaker wants to do the same with plans to sell its electric SUVs in the United States. VinFast is a […]
In April, Chinese self-driving tech startup Pony.ai received a taxi license in China to become the first autonomous driving taxi company in the country. The startup said it was awarded a license to operate 100 driverless vehicles in the Guangzhou city […]
