News

With Senate hearings and leaked documents galore, teen mental health on social media is a hot topic right now. But Gen Z founders Georgia Messinger and Ari Sokolov have been trying to create healthier online spaces since they were in high school, when they started the anonymous virtual support app Trill. “People ask us sometimes, […]

Instagram head Adam Mosseri recently said was “no longer a photo-sharing app,” noting the company was prioritizing a shift into video amid significant competition from TikTok and YouTube. Today, Instagram is taking another step towards its larger goal of making video a more central part of the Instagram experience with news that it will now […]

A year ago, we told you about the opportunity that former Tesla CIO Jay Vijayan was chasing. His plan? To pull car dealers into the 21st century with a snazzy end-to-end automative SaaS platform like the one he helped develop inside Tesla. Customers could use it to order a car to their precise specifications; dealers […]

Good news, everyone: The Q4 IPO cycle is now well and truly underway. For those of us who prefer to read IPO filings to funding announcements, new S-1 documents from Udemy, Rent the Runway and others just touched down. But we care the most about those two, as they are listings from venture-backed companies that we’ve […]

When the dot-com bubble popped 20 years ago a lot of people thought that software development was going to get broadly outsourced. Instead, Silicon Valley evolved a new ethos around technical, product-focused founders and strong, central engineering teams. And yet, software development outsourcing is a thing once again. Which is why we’re looking to profile […]

October 5, 2021 (Reuters) – Facebook whistleblower Frances Haugen testified before the U.S. Congress on Tuesday, telling lawmakers the social media giant knew its apps were harming the mental health of some young users. Here are some comments from the committee hearing: FRANCES HAUGEN, FACEBOOK WHISTLEBLOWER “I’m here today because I believe Facebook’s products harm […]

October 5, 2021 (Reuters) – Hertz Corp has named former Ford Motor Co Chief Executive Mark Fields as its interim CEO, the rental car company said on Tuesday. Fields succeeded Alan Mulally as president and CEO of the No. 2 U.S. automaker in 2014. He was ousted in 2017 and replaced by Jim Hackett. Hertz […]

Both Anchor and Descript have made their names as being among the most significant Podcast creation platforms of recent times, but hoving into the rear-view mirror recently has been Podcastle, an all-in-one platform that can cover off recording, production and publishing, all on the one platform. It’s now raised $7 million in an early-stage funding […]

When Eric Tarczynski was first building Contrary Capital, he noticed that there was an absence of venture capital firms focused on entrepreneurs within universities. So, he launched a $2.2 million debut fund to exclusively back the world’s top talent, or the student entrepreneurs that are spinning out ambitious ideas out of their universities. Years later, […]

Sure, an insurance infrastructure startup, announced today that it has closed on $100 million in Series C funding at a $550 million valuation. New York-based Declaration Partners and European growth investor Kinnevik co-led the financing, which also included participation from WndrCo and existing backers W. R. Berkley and Menlo Ventures. The round brings the Santa […]

For more than 20 years, D-Wave has been synonymous with quantum annealing. Its early bet on this technology allowed it to become the world’s first company to sell quantum computers, but that also somewhat limited the real-world problems its hardware could solve, given that quantum annealing works especially well for optimization problems like protein folding […]

October 5, 2021 LONDON (Reuters) – WBC world heavyweight champion Tyson Fury says he will be a “sad and lonely” person when he ends his boxing career. The unbeaten 33-year-old will be defending his title against American Deontay Wilder in Las Vegas at the weekend, their third fight after a draw in 2018 and Fury’s […]

October 5, 2021 CAIRO (Reuters) – Egypt is finalising arrangements to start supplying gas to Lebanon soon under a plan to help ease Lebanon’s power crisis, the two countries’ energy ministers said after meeting on Tuesday. Under an agreement announced last month, Egypt will supply natural gas to Lebanon via a pipeline that passes through […]

October 5, 2021 Golden State Warriors swingman Andrew Wiggins said he felt “forced” to receive the COVID-19 vaccine. “The only options were to get vaccinated or not play in the NBA,” the No. 1 overall pick in 2014 said Monday. “It was a tough decision. Hopefully, it works out in the long run and in […]

October 5, 2021 By Christina Amann BERLIN (Reuters) – German chipmaker Infineon Technologies said on Tuesday it plans a 50% hike in investments next year, boosting its shares as it looks to benefit from soaring demand and a global shortage in semiconductors. Infineon said it would invest around 2.4 billion euros ($2.8 billion) in 2022, […]

October 5, 2021 By Sheila Dang (Reuters) – Fireside, an app co-founded by entrepreneur Mark Cuban, launched on Tuesday to help podcasters, musicians and other professional content producers create live shows with the ability to interact with the audience. The app launches at a time when social media giants and other startups are increasingly focusing […]

October 5, 2021 By Lucia Mutikani WASHINGTON(Reuters) – U.S. services industry activity nudged up in September, but growth is being restrained by a persistent shortage of inputs and the resulting high prices as the pandemic drags on. The Institute for Supply Management said on Tuesday its non-manufacturing activity index edged up to a reading of […]

Today, a dozen new companies launched out of the Entrepreneurs Roundtable Accelerator in New York City. The companies span a handful of different sectors including healthcare, fintech, enterprise and consumer-facing products. Thus far, nearly 250 startups have graduated out of the accelerator, collectively having raised more than $1 billion in capital. So without any further […]

Snapchat is rolling out a new ‘Run for Office’ in-app tool to encourage young adults to run for local office. The company says the new Run for Office tool is designed to help younger users engage with democracy in an easy way. The goal of the tool is to tackle common barriers that young people […]

General Motors is building a new facility at its Warren, Michigan campus aimed at unlocking breakthrough cell technology that will drive down the cost of batteries while improving their range. The automaker said Tuesday that the initial phase of the Wallace Battery Cell Innovation Center, which will be about 300,000 square feet and located on […]