Is venture funding already back?
Despite continuing talk about a possible recession, slumping tech stocks and a slowdown in the world of startup investing, the business of funding was positively humming last week. After slowing way down last
Haun Ventures leads Sovereign Labs’ $7.4M seed round to help scale blockchains
Sovereign Labs has raised $7.4 million in seed funding led by Haun Ventures, co-founders Preston Evans and Cem Özer told TechCrunch. The startup is building an “open, interconnected rollup ecosystem” with a software
EV company Arrival to cut workforce by 50% in third restructuring effort
Arrival is going through another restructuring — this time led by a newly appointed CEO — that will slash its workforce by about 50% as the the U.K.-based commercial EV company attempts to reduce operating costs and
Hacker finds bug that allowed anyone to bypass Facebook 2FA
A bug in a new centralized system that Meta created for users to manage their logins for Facebook and Instagram could have allowed malicious hackers to switch off an account’s two-factor protections just by knowing
Meta is killing Move, another experimental social app from its in-house incubator NPE Team
Meta is killing off yet another project from its in-house R&D group, the NPE Team, following the company’s sizable layoffs announced in November, impacting 13% of its workforce. The latest experiment to be wound
‘One Piece’ live-action series set to arrive on Netflix this year
Netflix announced today that its “One Piece” live-action series would be available to stream sometime in 2023. The company tweeted the announcement alongside a new poster of the upcoming series. The poster shows the
Ford discounts its all-electric Mustang Mach-E in response to Tesla’s EV price war
Ford said Monday it has increased production and cut the price of its all-electric Mustang Mach-E crossover, the latest automaker to join an EV price war started by Tesla. Ford Mustang Mach-E vehicles are now
Three months ago, he was laid off from Twitter. Now, his competing app Spill is funded.
“I can’t explain it. It’s weird,” Alphonzo “Phonz” Terrell said. After losing his job at Twitter when Elon Musk took over, the former global head of Social & Editorial didn’t want to rest — he wanted to build.
Board changes could signal Salesforce’s willingness to appease activist investors
A week ago activist investor Elliott Management announced it had made a multibillion dollar investment in Salesforce. By Friday, the company announced it was bringing in three new board members, and the Wall Street
Raylo raises $136M to build out its gadget lease-and-reuse ‘fintech’ platform
With the economy teetering on recession, and sales of mobile phones and other consumer electronics slowing right down globally, a U.K. startup called Raylo that’s leaning into both of those themes has picked up £110