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American-listed shares are off sharply this morning, falling after a steep selloff yesterday was not staunched by a presidential address. The declines echo what happened to Asian-listed stocks earlier today. All major American indices are now in bear-market territory, having shed the requisite 20% from recent highs. Today’s carnage is simply bleak. As we write
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Instagram is embracing its potential as a news source, employing its ubiquity to distribute Coronavirus prevention techniques through a new call-out at the top of its homescreen feed. In some countries, Instagram will show a link to information from the World Health Organization and local health ministries along with a message like this: “Help Prevent
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ZTE’s struggles with the U.S. government generally haven’t been as high-profile as fellow Chinese mobile giant Huawei, but the company has still had its share of issues in recent years. The latest wrinkle, first reported by NBC and later confirmed by The Wall Street Journal, finds it under investigation over bribery charges. The issues stem
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Lisa Enckell Contributor Lisa Enckell is a partner at Antler, an early-stage venture capital firm and startup generator. In Asia, where I work as a partner at an early-stage VC, startups are regularly rolling out a minimum viable product (MVP) and then transacting on messaging apps. Companies like shoe brand Portblue, AI e-commerce company Sorabel
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Speedinvest, a seed-stage VC headquartered in Vienna with offices in London, Berlin, Munich and San Francisco, recently disclosed a new €190 million fund that brings the firm’s total assets under management to more than €400 million. Its remit remains largely the same: Speedinvest broadly targets fintech, deep tech, marketplaces, industrial tech, digital health and consumer
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Users of Storz & Bickel’s vaporizers can once again connect their vapes to iPhones. The company’s solution comes several months after Apple enacted a ban on apps for tobacco and cannabis vaporizers. This time around, Storz & Bickel turned to a web app to provide iPhone users with expanded controls over their vapes. I found
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Caryn Marooney Contributor Caryn Marooney is general partner at Coatue Management and sits on the boards of Zendesk and Elastic. An advisor to Airtable, in prior roles she oversaw communications for Facebook, Instagram, WhatsApp and Oculus and co-founded The OutCast Agency, which served clients like Salesforce.com and Amazon. Pride. Greed. Lust. Envy. Gluttony. Wrath. Sloth.
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Well, that was terrible. During the day’s wild trading session, the Dow Jones Industrial Average (DJIA) dropped by just under 10% in what was the largest single-day percentage decline since the stock market crash in 1987 (when markets were sufficiently scarred to institute failsafe measures for the future, to prevent similar, shocking declines). Investors shrugged
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Verizon said Thursday it will boost investment in network infrastructure, increasing its capital guidance by $500 million, to prepare for the rise in telecommuting and online learning amid the coronavirus outbreak. Verizon has not seen any measurable increases in data usage, even as some business, schools and other organizations are asking its employees to work
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Fintech startup Revolut has introduced a new trading feature for premium users. Starting today, Premium and Metal users can access gold exposure from the app. Revolut works with a gold services partner (London Bullion Market Association) so that money that you spend on gold exposure is backed by real gold held by this partner. In
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Before leaving SoftBank-backed Zume Pizza in November 2018, co-founder Julia Collins knew what her next move would be: climate-friendly food. Today, Collins is announcing Planet FWD’s  $2.7 million seed round led by BBG Ventures with participation from Cleo Capital, Cowboy Ventures, Precursor Ventures, Kapor Capital and others. What’s unique about this round, Collins told TechCrunch,
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BackboneAI, an early-stage startup that wants to help companies dealing with lots of data, particularly coming from a variety of external sources, announced a $4.7 million seed investment today. The round was led by Fika Ventures with participation from Boldstart Ventures, Dynamo Ventures, GGV Capital, MetaProp, Spider VC and several other unnamed investors. Company founder
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