After what felt like winter, investors say startup deals are back on — although the numbers suggest they never stopped. As Semil Shah of Haystack VC phrased it in a blog post, “It’s game on, pandemic or bust.” This is good news for founders and big funds, but the investment landscape becomes more complicated when
0 Comments
More than a year after Amazon announced that it would be lead a $575 million investment into UK food delivery startup Deliveroo, the country’s competition regulator, the CMA, has finally announced that it has provisionally cleared the deal, without any additional remedies (that is, requests to alter the terms), saying that it does not pose
0 Comments
For decades, the United States has had a monopoly on positioning, navigation, and timing technology with its Global Positioning System (GPS), a constellation of satellites operated by the military that today provides the backbone for location on billion of devices worldwide. As those technologies have become not just key to military maneuvers but the very
0 Comments
Qupital, a trade financing platform, announced today that it will partner with eBay as one of its officially recommended Hong Kong financing service providers. In today’s announcement, Qupital said it will provide offshore financing services, including working capital, to eBay sellers in China through QiaoYiDai, its main product. The agreement with eBay means Qupital will
0 Comments
Zopa, the 15-year-old peer-to-peer lending company, is announcing that it has been awarded its full U.K. bank licence, as it gears up to launch a fixed-term savings account, followed by a credit card. Dubbed “Zopa Bank,” the new challenger bank will sit alongside its existing peer-to-peer lending business, under Zopa Group, creating what the veteran fintech
0 Comments
A landmark regulatory intervention that seeks to apply structural antitrust remedies to cut big (ad)tech’s rights-hostile surveillance business models down to size has been revived after Germany’s federal court overturned an earlier ruling that had suspended enforcement of a ban on Facebook combining user data. The upshot is the tech giant could be forced to
0 Comments
In recent years, Seattle-based Wyze made a name for itself thanks to making a lot of smart home gadgets affordable. These days, the company sells everything from smart plugs and locks to scales and fitness bands, but what started it all was the $20 Wyze indoor security camera. Today, the company is following that up
0 Comments
Two months after Quibi’s high-profile launch as a short-form mobile-native TV app led by Jeffrey Katzenberg and Meg Whitman, it is evident the startup is greatly underperforming relative to the hundreds of millions of dollars already spent on content and marketing.  According to a Wall Street Journal report, “daily downloads peaked at 379,000 on its
0 Comments