The Public Investment Fund, which has this year invested $1.5 billion in Mukesh Ambani’s telecom venture Jio Platforms and more than half a billion dollars in his fiber-optic business, has returned to back yet another empire built by India’s richest man. The sovereign wealth fund is investing $1.3 billion in Reliance Retail for a 2.04% […]
Facebook recently announced that WhatsApp passed the whopping milestone of 100 billion messages sent per day, but not everyone wants those chats to stick around forever. Now, Facebook’s wildly popular messaging app with 2 billion users is adding a feature to give people more control on how their words and pictures live within the app. […]
German fintech startup Vivid Money has raised a $17.6 million Series A funding round (€15 million). Ribbit Capital is leading the investment. Today’s funding round gives Vivid Money a valuation of $117 million (€100 million). Vivid Money is quite a young startup as the company started accepting customers just a few months ago. Built on […]
While short videos are what drive ByteDance’s revenues and give the Chinese startup international recognition, the firm is expanding into numerous new areas like other tech giants to fuel growth. It’s dabbled in enterprise software and online learning, and the news came this week that ByteDance will invest in one of China’s largest e-book readers […]
On the same day that the U.S. officially withdrew from the global pact to reduce emissions that cause climate change, presidential contender Joe Biden committed that he would rejoin the Paris Agreement if elected. In a tweet late Wednesday, Biden wrote, “Today, the Trump Administration officially left the Paris Climate Agreement. And in exactly 77 […]
We dug DJI’s Mavic Mini when the drone arrived last year. As Matt noted in his review, “It packs everything critical to be a quality drone. It has a good camera, good range and a good controller. It holds up well in the wind and is quick enough to be fun.” Today, DJI improves two […]
Whatever the election results, there will still be many ways for people to legally navigate the U.S. immigration process and access the opportunity and security of life here.
This year’s presidential election has already proven to be a considerable test of the U.S. democratic system. It’s also been doing a fine job testing the systems behind leading social networks four years after a rather disinformation-ridden election. Twitter today has proven to be reasonably swift — if not entirely proactive — in its push […]
You may have heard that the United States had a presidential election yesterday, with plenty of implications for the tech world, particularly with social media as one of the battlegrounds in the fight over the results. Meanwhile, major tech-relevant ballot measures, like California’s Proposition 22, also passed. I’ll do my best to cover it all […]
There was some confusion when the Juice Pack Connect was announced last week. I admit I was a bit confused, too. It was, no doubt, the proximity to Apple’s iPhone 12 launch that lead many to (understandably) assume that the new take on Mophie’s case is based on the handset’s new MagSafe tech. While it […]
Merritt Hummer Contributor Share on Twitter Merritt Hummer is a partner at Bain Capital Ventures, where she invests in the fintech, e-commerce and proptech sectors. Startups involved in B2B e-commerce such as Faire and Mirakl have burst out of the gates in 2020. Almost overnight, these startups transformed into consequential platforms, earning billion-dollar valuations along […]
Zynga’s revenue grew to a record $503 million (up 46% year-over-year) in the third quarter, with bookings of $628 million (up 59%), according to its latest earnings report. It also had its best mobile daily active user (31 million) and monthly active user (83 million) numbers in six years. But things weren’t all rosy: The […]
When it comes to financing a startup, the most important — and hardest — check to land is the very first one. The growth of accelerators, rolling funds, community funds, hungry angels and institutional investors has given founders more options than ever before, but for women and people of color, access to funding continues to be […]
TikTok confirmed today it has taken down videos spreading election misinformation that had been posted to two high-profile Republican-supporting accounts, The Republican Hype House and The Republican Boys. The accounts, popular with young, conservative voters, reach more than a million followers combined, and have the potential to reach even more users who would find their […]
A ballot measure passed by 75% of voters in Massachusetts has resolved a thorny question that could have widespread implications for the automotive industry: once a person buys a vehicle, they own all of its data. The measure, listed on the ballot as Question 1, amends and broadens a law that gives consumers in Massachusetts […]
When Trump spoke early Wednesday morning, it became clear which long-dreaded election scenario an anxious nation was on the cusp of. “This is a fraud on the American public,” Trump said in remarks delivered from the White House, mixing his campaign with the presidency. “We were getting ready to win this election. Frankly, we did […]
Polls closed in the U.S. presidential election on Tuesday without any significant or disruptive cyberattacks, according to cybersecurity officials and experts. Election Day wasn’t without its problems. Some voting machines in Nevada and Texas went down but were quickly back up and running, some voters in Georgia and Ohio had to use paper ballots after […]
The flow of venture capital in 2020 has been surprisingly strong given the year’s general uncertainty, but while investors have showered plenty of dough on growth-stage companies, seed-stage startups are down 32% last quarter compared to the year before. There have been plenty of recent conversations about alternative funding routes for founders, and one of […]
As we’re currently shifting through all of the national and local votes from last night’s elections, here’s a small but important victory for privacy advocates out of Portland, Maine. Per the Bangor Daily News, the city passed “Referendum Question B,” designed to curb government and police use of facial recognition technology. According to the initiative: […]
Cannabis legalization was on five state ballots yesterday and ran the table. Voters in Oregon, where cannabis is already legal, also approved a measure addressing street drugs and another that sought to legalize psychedelic mushrooms’ therapeutic use. Of the five states that voted on cannabis, four states approved legal recreational marijuana for adults age 21 […]
