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ByteDance rival Kuaishou is shutting down controversial app Zynn

5 years 1 month ago
Kuaishou Technology, a Chinese firm perceived as a ByteDance rival by many, said on Wednesday it will shut down its controversial short video app Zynn later this month. The app was only available in the U.S. The firm, which last month said it had amassed 1 billion monthly active users, didn’t offer an explanation for […]
Manish Singh

WhiteHat Jr founder departs a year after selling to Byju’s

5 years 1 month ago
Karan Bajaj, the founder and chief executive of WhiteHat Jr, is leaving the firm a year after selling the startup for $300 million to Indian edtech giant Byju’s. In an email to employees on Wednesday, Bajaj and Byju’s founder and chief executive Byju Raveendran said the departure follows a “mutually decided” decision made at the […]
Manish Singh

Vietnamese on-demand e-commerce platform Loship raises $12M at a valuation of $100M

5 years 1 month ago
Loship, the Vietnamese on-demand e-commerce platform that started as a reviews app, announced today it has raised $12 million in pre-Series C funding, bringing its valuation to $100 million. The round was co-led by BAce Capital, an Ant Group-backed venture firm, and the direct investment unit of Sun Hung Kai & Co Limited.  Founded in […]
Catherine Shu

Brazilian digital auto marketplace InstaCarro revs up with $23M in funding

5 years 1 month ago
InstaCarro, a digital marketplace that connects used car sellers to dealers in Brazil, has raised $23 million in a Series B round of funding. Notably, U.S.-based firms co-led the investment, including J Ventures, FJ Labs and Rise Capital. Spain’s All Iron Ventures and Big Sur also participated in the financing, among others. With the latest […]
Mary Ann Azevedo

Gig companies take worker classification fight to Massachusetts through ballot initiative

5 years 1 month ago
A coalition of app-based ride-hailing and on-demand delivery companies including Lyft, Uber, Doordash and Instacart have filed a petition for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors as the industry takes a fight it won in California on the road. The ballot measure proposed by the Massachusetts […]
Kirsten Korosec

WhatsApp photos and videos can now disappear after a single viewing

5 years 1 month ago
WhatsApp said that it would soon let users send disappearing photos and videos and this week the feature will be rolling out to everybody. Anyone using the Facebook-owned messaging app can share a photo or video in “view once” mode, allowing a single viewing before the media in question goes poof. Media shared with “view […]
Taylor Hatmaker

Discord now lets you customize your user profile on its apps

5 years 1 month ago
For mobile users, Discord is adding one new feature that you’d find on a more traditional social app. The company rolled out an option for users to customize their profiles across its iOS and Android apps Tuesday, following the feature’s release on the desktop version of Discord in late June. The new option lives in […]
Taylor Hatmaker

Lyft reaches adjusted profitability milestone despite continuing net losses

5 years 1 month ago
Today after the bell, U.S. ride-hailing company Lyft reported its second quarter financial performance. In aggregate the company’s performance was a rebound from the year-ago second quarter, which was heavily impacted by the onset of the COVID-19 pandemic and resulting lockdowns in the United States. Lyft also managed to produce positive adjusted EBITDA in the […]
Kirsten Korosec

Security flaws found in popular EV chargers

5 years 1 month ago
U.K. cybersecurity company Pen Test Partners has identified several vulnerabilities in the APIs of six home electric vehicle charging brands and a large public EV charging network. While the charger manufacturers resolved most of the issues, the findings are the latest example of the poorly regulated world of Internet of Things devices, which are poised […]
Aria Alamalhodaei
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