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Facebook’s stock took a dive Monday as the site suffered one of its worst outages of the past decade with services across its entire suite of products going offline while the tech company struggled to even bring its own internal services back online. The stock ended the day down nearly 5%, with Facebook shedding tens
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Pioneered by Snapchat and cloned by Instagram, the “Stories” feature has become a staple for modern-day mobile apps from Google search to Pinterest to streaming apps and more. And while the addition doesn’t work for everyone — LinkedIn and Twitter recently shuttered their Stories features, for example — there’s enough demand for Stories out there
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Stable, an insurtech aiming to help minimize a businesses’ risk due to volatile commodity prices, today announced it has raised $46.5 million in a Series A round of funding led by Greycroft. Notion Capital, Anthemis, Continental Grain and existing backers Syngenta and Ascot also participated in the financing, which brings the Chicago-based startup’s total raised
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Berlin-based climate tech startup, ‘Made of Air‘, has closed a €5 million (~$5.8M) seed funding round, led by Norwegian sustainability-focused family fund, TD Veen. Also participating are Patrick Pichette (former CFO of Google & chairman of the Board of Twitter), EQT Group, Thomas Von Koch (CEO & cofounder of EQT Group), Tuesday Capital, the co-founders
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The Philippines is one of the most disaster-prone countries in the world, with geography that makes it vulnerable to typhoons, floods, volcanos, earthquakes and droughts. While working in IT, Felix Ayque began compiling cyclone reports and sending them as email alerts to communities. His work evolved into environmental intelligence platform Komunidad, which collects data from
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When LinkedIn co-founder and Greylock partner Reid Hoffman first coined the term “blitzscaling,” he kept it simple: It’s a concept that encourages entrepreneurs to prioritize speed over efficiency during a period of uncertainty. Years later, founders are navigating a pandemic, perhaps the most uncertain period of their lives, and Hoffman has a clarification to make.
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This morning LeadIQ, a startup working in the sales software market, announced that it has closed a $30 million Series B led by Cathay Innovation. Other investors in the transaction include Fresco Capital, Strong Ventures, and Eight Road Ventures. LeadIQ frames its product from the perspective of missed revenue targets at companies, which it claims
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“We believe that a thriving community is a company’s most valuable asset,” Community-led writes in its Declaration. “Community scales your business, resources and presence in ways that traditional marketing or advertising channels can’t. When done right, community enables and improves customer acquisition, streamlines support and success, bolsters retention, and provides crucial product insights. Community is
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An under-the-radar, bootstrapped startup from Vienna, Austria — a hit with developers for technology that underpins user experience for some of the world’s most popular apps — is doubling down on momentum and announcing its first outside investment, in the form of a large growth round of funding. PSPDFkit — which provides APIs and an
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Rivian, the electric automaker backed by Amazon, Ford and a cornucopia of heavy-hitting institutional investors like T. Rowe Price Associates and Coatue, finally made its once-confidential IPO filing public.  The company, which started in 2009 as Mainstream Motors before adopting the Rivian name two years later, has exploded in terms of people, backers and partners
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The pandemic ushered in the popularity of shared workspaces, known as cloud kitchens or ghost kitchens, for restaurants to cook meals exclusively for delivery. But for small, independent restaurants that couldn’t afford the upfront costs for expansion, Uber Eats alums Ken Chong and Matt Sawchuk came up with another approach. They founded All Day Kitchens
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Facebook Messenger is releasing a bundle of products this morning — most notably, including cross-app group chats. Last year, the company introduced cross-app messaging between Messenger and Instagram, but now, users will be able to start group chats among Instagram and Messenger contacts. Other additions today include polls in Instagram DMs, building off the poll
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