Maria Deutscher
Latest from Maria Deutscher
Yahoo will lay off 1,600+ workers as part of ad unit restructuring initiative
Yahoo Inc. will lay off more than 1,600 employees, or about 20% of its workforce, as part of an effort to streamline its unprofitable advertising technology business. The news was first reported by Axios this morning. Yahoo, a major player in the early internet, provides tools that help online publishers sell ad space to brands. ...
Meta completes Within Unlimited acquisition after winning antitrust case
Meta Platforms Inc. on Wednesday completed its acquisition of virtual reality startup Within Unlimited Inc. after winning a high-profile antitrust lawsuit focused on the deal. The acquisition reportedly valued Within at $400 million. Previously, the Los Angeles-based startup raised $52.5 million in funding from Andreessen Horowitz and more than a half-dozen other investors. Within is ...
GitHub and GitLab announce job cuts
Microsoft Corp.’s GitHub unit and publicly traded rival GitLab Inc. today both announced layoffs, disclosing plans to let go 10% and 7% of their respective workforces. Neither company specified the exact number of affected employees. GitHub had 2,500 staffers as of April 2021 and added more than 1,000 new employees last year, which suggests the ...
Atlassian debuts Jira Product Discovery to ease product management teams’ work
Atlassian Corp. today debuted Jira Product Discovery, a project management application designed to help companies develop new products and features more efficiently. Nasdaq-listed Atlassian is a major provider of productivity software and development tools. Its best-known product is Jira Software, a task tracking application for developers. Atlassian’s products also lend themselves to a variety of ...
Thanks to jump in rides, Uber’s earnings top expectations
Shares of Uber Technologies Inc. climbed more than 5% today after the company posted better-than-expected financial results for its fourth quarter ended Dec. 31. Uber’s revenue grew 49% year-over-year, to $8.6 billion, more than the $8.49 million that analysts polled by Refinitiv had expected. The company’s adjusted EBITDA, or earnings before interest, taxes, depreciation and ...
Google debuts new AI features for Search and Maps
Google LLC is rolling out a set of artificial intelligence enhancements to its search engine and Google Maps that will enable users to find information more easily. The new features made their debut today at a product event in Paris. According to Google, some of the features will make it simpler to find where a ...
EU internal market commissioner suggests steps to improve bloc’s internet infrastructure
Thierry Breton, the European Union’s Commissioner for the Internal Market, this week outlined a series of steps that the bloc could potentially take to enhance its telecommunications infrastructure. Breton made the suggestions during a Monday speech in Helsinki. He suggested, among other ideas, that tech companies could play a role in financing the rollout of ...
Ushur raises $50M for its customer experience automation platform
Automation startup Ushur Inc. today announced that it has closed a $50 million funding round led by Third Point Ventures. The Series C round follows a year in which Santa Clara, Calif.-based Ushur experienced significant growth. The startup claims to have tripled its headcount and doubled its customer base. It says its net revenue retention ...
Zoom lays off 15% of its workforce as growth slows
Zoom Video Communications Inc. today announced plans to lay off 1,300 employees, or about 15% of its workforce. All the company’s core business units are affected. The organizational structure of some units will be updated to streamline business operations. “As the world transitions to life post-pandemic, we are seeing that people and businesses continue to ...
Blockfenders reels in $1.5M for its blockchain-powered secure data sharing platform
Blockfenders Inc., a startup with a blockchain-powered platform that promises to help companies share data more securely with one another, has raised $1.5 million in pre-seed funding. The Palo Alto, California-based startup announced the investment this morning. More than a dozen venture capital firms and angel investors participated. Co-founder and Chief Executive Viraj Phanse has ...