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Snapchat’s parent lays off 10% of workforce in order to ‘reduce hierarchy,’ says company

Snapchat maker Snap is the latest tech company to conduct layoffs with its newly announced plans for a 10% workforce reduction, the company said on Monday. The layoffs would impact roughly 500-plus employees, based on headcount figures Snap released in … Continue reading

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Rivian will reveal its smaller, cheaper R2 SUV on March 7

Rivian will reveal its next-generation vehicle — a smaller, cheaper electric SUV known as R2 — on March 7, the company announced Monday morning. There’s little other detail about the event, though it’s expected to be held in Laguna Beach, … Continue reading

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Thoma Bravo takes critical event management software company Everbridge private in $1.5B deal

Everbridge, a critical event management (CEM) software company, is going private in a $1.5 billion all-cash deal that will see it taken over by private equity giant Thoma Bravo. Founded in 2002 initially as 3N Global, Everbridge helps governments and … Continue reading

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Pre-seed investor Wonder Ventures secures $102M, including new later-stage fund

Wonder Ventures is the latest to inject additional capital at the pre-seed stage, an area where general partner Dustin Rosen and other investors continue to be bullish. © 2024 TechCrunch. All rights reserved. For personal use only.

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ProducePay raises $38M to tackle produce supply chain waste

Food waste is a major problem. In the U.S. alone, roughly 30% to 40% of the supply ends up in landfills. A United Nations report estimated that around one-third of the world’s food is wasted every year, adding up to … Continue reading

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Oversight Board calls on Meta to rewrite ‘incoherent’ rules against faked videos

A misleading seven second clip of President Biden could reshape Facebook’s misinformation policies ahead of the 2024 election, but the platform — and the American electorate — are running out of time. The Oversight Board, the external advisory group that … Continue reading

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Yandex to sell its remaining Russian businesses for $5.2B — half its market value

Yandex N.V., the Dutch parent company of the eponymous Russian internet giant, is selling the last of its remaining Russian businesses at a steep discount, following sanctions imposed in the wake of the Russia’s invasion of Ukraine two years ago. … Continue reading

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Samsung chief Jay Y. Lee acquitted in 2015 merger case  

Samsung Electronics executive chairman Jay Y. Lee has been declared not guilty on the charge of stock price manipulation and accounting fraud related to the merger of Samsung affiliates in 2015, a South Korean Court ruled on Monday. In the … Continue reading

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How VCs can assess and attract winners in a landscape that’s now crowded with AI startups

Felicis, the 16-year-old Bay Area-based early-stage venture firm, has a reputation for investing globally. Indeed, firm founder Aydin Senkut — who spent a handful of years at Google as a product manager in its earlier days — was born in … Continue reading

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Naboo provides an Aibnb-like experience for company seminars

Naboo, a French company that was created just a couple of years ago, is trying to create a modern online experience for company seminar planning. The startup recently raised an $8 million funding round (€7.5 million) and already processes more … Continue reading

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