January 15, 2025
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From unicorn to bankruptcy: WeWork, once most valuable US startup, files for bankruptcy
Nickie Louise Posted On November 7, 2023


WeWork, the once-celebrated co-working unicorn startup, filed for Chapter 11 bankruptcy protection in New Jersey following years of struggles that started with a failed IPO in 2019. A company spokesperson said that approximately 92% of its lenders had consented to convert […]


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Elon Musk wants $250k for X/Twitter handle @acquire; declines $20k offer from the founder of Acquire.com
Daniel Levi Posted On November 6, 2023


Acquire.com, formerly known as Microacquire.com, is a global marketplace for entrepreneurs and startup founders looking to buy and sell businesses worldwide. In October 2022, the startup rebranded itself, adopting the new name after purchasing Acquire.com for $200,000, founder and CEO […]


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Klarna, Europe’s most valuable fintech startup with a $6.7 billion valuation, eyes IPO
Daniel Levi Posted On November 6, 2023


Klarna, Europe’s buy now, pay later (BNPL) fintech startup with a $6.7 billion valuation, has initiated the process for its highly-anticipated initial public offering (IPO). The Stockholm, Sweden-based Klarna has initiated a legal entity restructuring to establish a new holding […]


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Bumble founder Whitney Wolfe Herd steps down as CEO, company’s valuation down 80% since IPO
Daniel Levi Posted On November 6, 2023


Dating app company Bumble announced on Tuesday that its founder Whitney Wolfe Herd would be stepping down from her role as chief executive, passing the reins to experienced tech and business executive Lidiane Jones. Wolfe Herd is the second key […]


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Intuit is shutting down Mint, a popular personal finance app acquired in 2009 for $170 million; moves users to Credit Karma
Nickie Louise Posted On November 6, 2023


Intuit, the financial software company renowned for TurboTax and QuickBooks, is shutting down Mint, a popular personal finance app with 3.6 million active monthly users. Acquired by Intuit in 2009 for $170 million, Mint is scheduled to be shut down […]


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Elon Musk’s xAI launches Grok, the “rebellious” chatbot to compete with ChatGPT
Nickie Louise Posted On November 6, 2023


Elon Musk’s AI company xAI has launched an AI chatbot called Grok. Musk revealed his latest innovation on Sunday, saying that Grok will possess a “rebellious streak” and bring a sense of humor and sarcasm, which sets it apart from […]


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Okta hit again by another breach; 5,000 Okta employees’ data stolen in third-party vendor breach
Daniel Levi Posted On November 3, 2023


It appears that Okta’s persistent security problem is not going away anytime soon. The identity and authentication management provider was recently hit by another breach. This time, hackers breached a third-party vendor which led to the theft of personal information belonging […]


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From 4 failures to $1 million+ bootstrapped SaaS startup: The story of how Damon Chen turned failure into fuel for business success
Nickie Louise Posted On November 3, 2023


In 2021, Damon Chen quit his stable eight-year job at Cisco to chase his passion for entrepreneurship, hoping to create a better life for himself. He ventured into the world of SaaS by starting four projects, all of which unfortunately […]


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Elon Musk’s AI startup xAI to launch first AI model to select group on November 4
Nickie Louise Posted On November 3, 2023


Elon Musk’s artificial intelligence startup xAI will release its first AI model to a limited group tomorrow Saturday, November 4, the billionaire and Tesla CEO said on Friday. The news comes four months after Musk announced the launch of xAI […]


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FTX founder Sam Bankman-Fried found guilty on all counts, faces over 100 years in prison
Nickie Louise Posted On November 3, 2023


After 15 days of testimony and around four and a half hours of deliberation, a jury in a lower Manhattan court found FTX founder Sam Bankman-Fried, also known as SBF, guilty on all seven counts related to fraud, conspiracy, and […]


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Validation Cloud launches new staking platform for institutional investors
Nickie Louise Posted On November 2, 2023


Validation Cloud, a web3 infrastructure platform, today unveiled its next-generation Staking-as-a-Service platform specifically designed for institutions. The launch follows closely on the heels of the company’s attainment of SOC 2 Type 1 Compliance just a month ago. With this new […]


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Chiliz unveils SportFi ecosystem with 25 strategic partnerships, empowering sports brands to launch innovative products
Nickie Louise Posted On November 2, 2023


Chiliz, a sports blockchain startup company, today unveiled its SportFi ecosystem, featuring partnerships with over 25 sports brands. The new ecosystem aims to deliver new products and experiences to fans using blockchain technology. This collaborative space brings together the worlds […]


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Amazon made $1 billion with its secret price-raising algorithms codenamed ‘Project Nessie,’ FTC says
Nickie Louise Posted On November 2, 2023


Barely a month following an investigative report by the Wall Street Journal uncovering Amazon’s use of secret algorithms to inflate prices, the Federal Trade Commission (FTC) revealed today that Amazon had generated $1 billion through these price-raising algorithms. According to […]


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India Blockchain Week (IBW) Reveals Exciting Line-up of Speakers: Sandeep Nailwal, Mo Shaikh, Dr. Emin, Justin Sun and More
Nickie Louise Posted On November 2, 2023


India Blockchain Week (IBW), the country’s flagship series of blockchain and Web3 events held in Bangalore from Dec.4-10, is thrilled to announce the speaker lineup for the main IBW Conference. The conference’s headline speakers include Polygon Co-Founder Sandeep Nailwal, Aptos […]


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Amazon partners with Affirm to offer “buy now, pay later” checkout option to small business owners
Nickie Louise Posted On November 2, 2023


Amazon has just unveiled its first “buy now, pay later” (BNPL) checkout option for the millions of small business owners using its online store, as detailed in a CNBC exclusive report. Citing executives from both firms, CNBC reported that the […]


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What is the point of owning Tether?
Daniel Levi Posted On November 2, 2023


Tether stands as the unrivaled leader in the realm of stablecoins, firmly tethered to the U.S. dollar, a fact well-known to many. However, its steadfast position in the crypto world prompts a fundamental question: What purpose does this type of […]


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You can now register .BOT domain names at Amazon to automate your repetitive tasks using AI
Daniel Levi Posted On November 1, 2023


The highly-anticipated Amazon .BOT domain names for Artificial Intelligence (AI) are finally available to the public for purchase without any restrictions. The domain extension was first launched on December 1, 2017, but the registration process was difficult. But after five years […]


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WeWork to file for bankruptcy as early as next week after burning through $22 billion of investors’ money
Nickie Louise Posted On November 1, 2023


Venture capital-backed star, WeWork, has finally met its downfall, transforming into what many are calling “WeCrashed,” a reference to the TV show on Apple+. The once-celebrated co-working unicorn startup is filing for bankruptcy as early as next week, according to […]


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23andMe to give drugmakers non-exclusive access to consumer DNA data
Daniel Levi Posted On November 1, 2023


In a recent development that may raise serious concerns among privacy advocates, drugmakers are set to gain non-exclusive access to 23andMe consumer genetic data in exchange for millions of dollars paid to the genetic company. The news comes just a […]


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Allstate, Allianz invest $265 million in insurtech startup Next Insurance
Daniel Levi Posted On November 1, 2023


Next Insurance, an insurtech startup that provides coverage for small businesses and entrepreneurs, has secured $265 million in funding led by insurance giants Allstate and Allianz. The investment makes it the biggest funding deal in the company’s history and the […]


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