Tech

Welcome back to Chain Reaction. Last week, we looked at a crossover episode for meme investing. This week, we’re talking about Musk dumping tokens while holding onto others. You can get this newsletter in your inbox every week by subscribing on TechCrunch’s newsletter page. Dumping favor A weekly dispatch from the desk of TechCrunch crypto
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Once seemingly unstoppable, Big Tech is now in reset mode. We’re not talking about Snap’s earnings sending its stock plunging, or Twitter’s lackluster earnings report from earlier this morning. No, we’re talking about Big Tech. The world’s largest tech companies are pulling back in a way that could, perhaps, clear some brush for startups still making
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“Buy now, pay later” (BNPL) startups have gained traction by targeting consumers, but BNPLs for businesses are also starting to take off. One example is Fairbanc, which is based in Singapore but focused on Indonesia. It allows small businesses to take out short-term credit to purchase fast-moving consumer goods (FMCG) inventory. Fairbanc announced today it
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Today during an event focused on Alexa developer and partner news, Amazon announced new features and integrations, including a collection of APIs and software development kits (SDKs) aimed at making Alexa more versatile. They come a month after the company demoed forthcoming and experimental Alexa features at its annual re:Mars conference in Las Vegas, including
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An investor in Instacart, Capital Group, has repriced its shares in the company, lowering its estimation of the value of the online grocery delivery service. The news follows other, similar repricings by companies like Fidelity, which also own a stake in the decacorn. It’s really not surprising that one more investor agrees Instacart’s 2021 valuation
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Gbike, a South Korea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system.  Gbike CEO Walter Yoon told TechCrunch that the deal, which is its first acquisition, will be completed in early August. The financial terms of
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Facebook parent Meta’s been putting up a strong fight appealing the UK antitrust decision investigating and ultimately ordering Meta to sell Giphy, the GIF marketplace that it acquired back in May 2020 for around $315 million; and now it has gotten a small stay of execution: the UK’s Competition Appeal Tribunal has sent the case
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Tonal, an at-home fitness company last valued at $1.6 billion, has laid off 35% of its workforce in what the company says was a “responsible” decision made in order to grow at a more sustainable rate. “Tonal is prioritizing becoming a self-sustaining business with an emphasis on profitability,” the company said in a statement confirming
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Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of
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Rhys Spence Contributor Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund, where he works with portfolio companies to help address priorities, with a focus on internationalization and HR. More posts by this contributor European, North American edtech startups see funding triple in 2021 The unbundling of professional learning and entrepreneurship
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