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Grab is talking to Ant Financial and PayPal about spinning out its financial services business
Mar 29, 7:32AM
Grab, the $16 billion-valued ride-hailing firm that acquired Uber’s Southeast Asia business last year, is in talks with Alibaba’s Ant Financial and PayPal as it considers spinning out of its financial services unit to double down on its non-transportation business, TechCrunch has learned. The seven-year-old company’s coming-of-age moment was a deal to buy Uber’s regional […]
Tencent-backed news app Qutoutiao nabs $171M from Alibaba
Mar 29, 4:12AM
The race to give Chinese users their daily dose of news intensifies as Qutoutiao, a rival to TikTok parent Bytedance, net an installment of sizable backing. Alibaba is injecting $171 million in a convertible loan to Qutoutiao, the three-year-old news and video aggregation startup, according to an announcement released Thursday. The transaction will convert into about […]
Google pulls controversial anti-gay religious app from the Play Store
Mar 29, 3:13AM
The same day the Human Rights Campaign downranked the company in its index of the best LGBTQ-friendly employers, Google decided to yank a controversial app accused of promoting conversion therapy from the Play Store. On that list, known as the Corporate Equality Index, the HRC, a prominent LGBTQ rights organization, included a footnote that it […]
The FT is buying another media startup: Deal Street Asia
Mar 29, 3:00AM
Fresh from picking up a majority stake in Europe-based The Next Web, the Financial Times is buying another new media startup. The newspaper, which was founded in 1888, is adding Singapore-based Deal Street Asia to its roster with a deal expected to close in April, according to three sources with knowledge of discussions. Founded in […]
Investment platform Ellevest raises $33M Melinda Gates' Pivotal Ventures, Valerie Jarrett & PayPal
Mar 29, 1:51AM
Ellevest, a digital investment platform specifically focused on helping women meet their financial goals, has raised an additional $33 million in a new round led by Rethink Impact and PSP Growth. The funding includes a handful of notable, new investors including Melinda Gates’s investment fund Pivotal Ventures; PayPal; Wynn Resorts co-founder Elaine Wynn; former Google […]
Facebook's handling of Alex Jones is a microcosm of its content policy problem
Mar 28, 11:32PM
A revealing cluster of emails reviewed by Business Insider and Channel 4 News offers a glimpse at the fairly chaotic process of how Facebook decides what content crosses the line. In this instance, a group of executives at Facebook went hands-on in determining if an Instagram post by the conspiracy theorist Alex Jones violated the […]
WeWork backs New York tech clubhouse Betaworks Studios
Mar 28, 11:15PM
Betaworks Studios, a subsidiary of New York seed fund Betaworks, has raised $4.4M.
Facebook launches searchable transparency library of all active ads
Mar 28, 11:00PM
Now you can search Facebook for how much Trump has spent on ads in the past year, which Pages’ ads reference immigration or what a Page’s previous names were. It’s all part of Facebook’s new Ad Library launching today that makes good on its promise to increase transparency after the social network’s ads were used […]
Rocket Lab's first launch of 2019 lifts a DARPA experiment into orbit
Mar 28, 10:50PM
Rocket Lab, the Kiwi operation working on breaking into the launch industry with small but frequent launches, has its first launch of the year today, due to take off in just a few minutes. Tune in here!
Lightning Motorcycles unveils Strike e-moto, with up to 200-mile range
Mar 28, 10:30PM
Lightning Motorcycles finally unveiled the electric vehicle it had been teasing for months. With a $12,000 to $19,000 price range, the Strike electric motorcycle has options with a 200-mile range, 150 mph top speed and 35-minute DC fast-charge time. The new machine has a more upright riding position and friendlier price tag than Lightning’s debut […]
Mars helicopter bound for the Red Planet takes to the air for the first time
Mar 28, 10:23PM
The Mars 2020 mission is on track for launch next year, and nesting inside the high-tech new rover heading that direction is a high-tech helicopter designed to fly in the planet's nearly non-existent atmosphere. The actual aircraft that will fly on the Martian surface just took its first flight and its engineers are over the moon.
DoorDash launches a new program highlighting immigrant and refugee business owners
Mar 28, 10:03PM
DoorDash launched a new initiative today called Kitchens Without Borders, which it says is designed to promote business owners who are immigrants and refugees. It’s starting out with 10 restaurants in the San Francisco Bay Area: Besharam, Z Zoul Cafe, Onigilly, Los Cilantros, Sabores Del Sur, West Park Farm & Sea, Little Green Cyclo, Afghan Village, […]
The two forces reshaping the landscape of shipping and logistics
Mar 28, 9:28PM
The shipping and logistics space is being rapidly transformed by technology -- so it's no surprise that this is a space ripe for significant disruption.
Lyft prices IPO at top of range
Mar 28, 9:05PM
Lyft begins trading on the Nasdaq under the ticker symbol "LYFT" tomorrow.
Autonomous vehicle IP protection — when HAL is driving
Mar 28, 9:01PM
Present-day machine learning requires binary experiential training. The collected learning then becomes valuable. But how can that very valuable intellectual property be protected?
Vizion.ai launches its managed Elasticsearch service
Mar 28, 8:37PM
Setting up Elasticsearch, the open-source system that many companies large and small use to power their distributed search and analytics engines, isn’t the hardest thing. What is very hard, though, is to provision the right amount of resources to run the service, especially when your users’ demand comes in spikes, without overpaying for unused capacity. […]
Amazon Prime members get a free year of Nintendo Switch Online through Twitch Prime
Mar 28, 8:30PM
You may have forgotten about Twitch Prime, but the company is adding an interesting new perk for Nintendo Switch owners. The company is giving out up to one year of Nintendo Switch Online, the subscription service that lets you play online multiplayer games and access NES games. If you're an Amazon Prime or Prime Video […]
How Apple Card works
Mar 28, 8:26PM
One of the most buzzy announcements on Apple's stage this week was Apple Card, its in-house credit card powered by Goldman Sachs and Mastercard. Consumers, tech press, financial press and Wall Street were all intrigued for various reasons. But there are still a ton of questions around the way it works mechanically, the terms involved […]
Boundless gets $7.8M to help immigrants navigate the convoluted green card process
Mar 28, 8:14PM
Foundry Group has led the round for Boundless, an information platform providing immigrants tools and support.
Earn a free ticket to TC Sessions: Mobility 2019 with SocialLadder
Mar 28, 8:00PM
Mobility is an expansive topic that includes drones, dockless scooters and autonomous cars — both terrestrial and aeronautic — plus all the ancillary tech required to get the job done. If Henry Ford and the Wright brothers were alive today, you can bet they'd be headed to TC Sessions: Mobility on July 10 in San […]
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