Monthly Archives: January 2023

Amazon discontinues charity donation program amid cost cuts

Amazon is axing the program as CEO Andy Jassy undergoes a sweeping review of the company’s costs.

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Amazon ends charity donation program AmazonSmile

Just a few days after announcing a significant round of layoffs that will impact 18,000 employees, Amazon is trying to find money wherever it can as the company announced that it would end AmazonSmile. AmazonSmile is a donation program that … Continue reading

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India’s top court rejects Google plea to block Android antitrust ruling

Google has been dealt a significant blow in one of its key overseas markets. India’s Supreme Court on Thursday declined to block an antitrust order that requires the Android-maker to make a series of changes that could topple its financial … Continue reading

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Outrider raises $73M to brings its autonomous electric yard trucks into the mainstream

Autonomous vehicle technology may no longer be the fuel powering the hype machine. But companies applying the technology to agriculture, commercial and logistics applications are still attracting venture capital. Take Outrider, a Golden, Colorado startup developing autonomous electric yard trucks, … Continue reading

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German teens went crazy for this ‘compliments’ app, and now VCs are backing its next phase

The teenage market for apps is a tough nut to crack and stay relevant in. Just ask Snapchat. Equally, teens are going through a stage in life where almost every social interaction seems to carry portent of some kind of … Continue reading

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Oro, an open-source B2B ecommerce platform from Magento’s cofounder, raises $13M

Oro, an open source ecommerce platform co-created by Magento’s cofounder and former CTO, today announced it has raised $13 million in a strategic growth round of funding. Founded in 2012, Los Angeles-based Oro’s platform constitutes a range of applications, including … Continue reading

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A lot of fintechs “have to fix their business models,” say VCs who invest in fintechs

In recent years, working for, or banking with, a traditional financial institution was decidedly uncool. Far cooler was working for or banking with one of the many fintech startups that seemed to thumb their nose at stodgy bank brands. Then … Continue reading

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Twitter Blue is now available on Android at the same price as iOS

A day after launching an annual Twitter Blue subscription, the social media company made the paid plan available for purchase for Android users today. Users will have to pay $11 per month if they buy the Twitter Blue plan through … Continue reading

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India’s PhonePe tops $12 billion valuation in new funding

PhonePe’s valuation has surged to $12 billion in a new funding round as it the Indian fintech giant readies for life without parent firm Flipkart. The Bengaluru-headquartered startup said it has raised $350 million and anticipates raising up to another … Continue reading

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Shein valuation reportedly plummets by a third as it seeks $3B

Shein, the fast fashion behemoth that has swept across the world, is raising a significant down round as the startup world braces for a funding crunch. The e-commerce platform known for jaw-dropping outfit prices and savvy TikTok marketing is seeking … Continue reading

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