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With pandemic-era acquisitions, big tech is back in the antitrust crosshairs

6 years 5 months ago
With many major sectors totally frozen and reeling from losses, tech’s biggest players are proving themselves to be the exception to the rule yet again. On Friday, Facebook confirmed its plans to buy Giphy, a popular gif search engine, in a deal believed to be worth $400 million. Facebook has indicated it wants to forge […]

How will Europe’s coronavirus contact-tracing apps work across borders?

6 years 5 months ago
A major question mark attached to national coronavirus contact-tracing apps is whether they will function when citizens of one country travel to another. Or will people be asked to download and use multiple apps if they’re traveling across borders? Having to use multiple apps when travelling would further complicate an unproven technology which seeks to […]

Where to shop online that isn’t Amazon, Target or Walmart

6 years 5 months ago
As shutdown orders extend indefinitely, online shopping has become a lifeline for people forced to avoid the outside world. Often times opting to shop with a mega corporation like Amazon, Walmart or Target is the path of least resistance, but there are plenty of reasons to patronize an alternative. There are the ethical questions currently […]

Daily Crunch: Facebook is acquiring Giphy

6 years 5 months ago
Facebook acquires a popular GIF search engine, video game sales see major growth and Sorrentino reports promising results for a COVID-19 treatment. Here’s your Daily Crunch for May 15, 2020. 1. Facebook to acquire Giphy in a deal reportedly worth $400 million Facebook will acquire Giphy, the web-based animated GIF search engine and platform provider. […]

Some investors turn to cutting fully remote checks while sheltering in place

6 years 5 months ago
By March 16, founder Janine Yancey was tired of playing the waiting game. After watching the stock market take yet another unprecedented nosedive due to coronavirus, she called up a potential investor. “If this isn’t going to happen, let’s call it now,” Yancey said, referring to the close of her Series A round, the first […]

Vice lays off 155 as COVID-19 continues to slam media revenue

6 years 5 months ago
In a memo titled “The Course Ahead,” Vice Media Group CEO Nancy Dubuc announced a large round of layoffs to staff. The number includes 155 workers — 55 of whom will lose their jobs today. The remaining 100, meanwhile, will be let go in the coming weeks. The figure comprises around 5% of the company’s […]

Facebook to acquire Giphy in a deal reportedly worth $400 million

6 years 5 months ago
Facebook will acquire Giphy, the web-based animated gif search engine and platform provider, Facebook confirmed today, in a deal worth around $400 million, according to a report by Axios. Facebook said it isn’t disclosing terms of the deal. Giphy has grown to be a central source for shareable, high-engagement content, and its animated response gifs are […]

Big VCs stacked billions in Q1 while smaller firms saw their haul shrink

6 years 5 months ago
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. After spending perhaps more time than we should have recently trying to figure out what’s going on with the public markets, let’s return to the private markets this morning, focusing in on venture capital itself. […]

US-China trade enters new era after overnight Huawei, Foxconn and TSMC announcements

6 years 5 months ago
There has been a steady drumbeat of news on the U.S.-China trade front since the start of the Trump administration. President Trump has made decoupling from China’s economy on on-again, off-again proposition. There was the trade conflict with weekly changes in American tariff policy, the threats against ZTE and Huawei, the responses from China against […]
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