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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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Hacker leaks 4 million more 23andMe user records, including records of “wealthiest people living in the US and Western Europe”
Daniel Levi Posted On October 18, 2023


The situation regarding the 23andMe data breach took a turn for the worse on Wednesday. The same hacker responsible for leaking a treasure trove of user data stolen from the genetic testing company 23andMe two weeks ago has now released […]


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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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Zero-trust security startup SecureW2 lands $80M from Insight Partners to grow its passwordless authentication platform
Daniel Levi Posted On October 18, 2023


In today’s digital age, the call for passwordless authentication has become increasingly urgent. Traditional passwords, despite their familiarity, are susceptible to hacking, and data breaches, and tend to leave users exasperated with the growing complexity of password rules. Passwordless authentication […]


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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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DimeADozen.AI, an AI side hustle started by two friends with only $185, just sold for $150,000 after 7 months
Daniel Levi Posted On October 17, 2023


Can you imagine starting a side hustle with just $185 and artificial intelligence (AI)? That’s exactly what two friends, Monica Powers and Sal Aiello, did and now their business was just sold for $150,000. How did they do it? In […]


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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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AI music app Riffusion turns viral buzz into $4 million funding
Daniel Levi Posted On October 17, 2023


AI-powered music generation app Riffusion has raised $4 million in seed funding to grow its platform and expand its team. The funding round was led by Greycroft, with additional contributions from South Park Commons and Sky9. Riffusion went viral 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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Space startups funding surges to $3 billion in Q3, up 17%
Daniel Levi Posted On October 16, 2023


After a prolonged period of funding challenges, the tech startup scene is finally showing signs of a resurgence. Just last week, we highlighted a significant uptick as global venture funding surged to an impressive $64.6 billion in the third quarter […]


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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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Global Venture Funding Increased in Q3 2023 to Reach $64.6 Billion, Up 11% From the Previous Quarter
Daniel Levi Posted On October 12, 2023


CB Insight has released its highly anticipated “Q3 2023 State of Venture Report,” bringing with it some good news on the global venture funding front. According to the report, the funding landscape experienced a significant resurgence as global venture funding […]


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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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