Maria Deutscher
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Stripe will enable companies to pay users in cryptocurrency through its platform
Stripe Inc. will enable companies to pay their users in cryptocurrency through its popular payment processing platform. The first company to sign up is Twitter Inc., Stripe detailed in its announcement of the move today. Twitter offers a growing lineup of content monetization features for creators. Through the partnership with Stripe, the social media company ...
In Stanford speech, Barack Obama calls for new steps to combat misinformation
Former President Barack Obama on Thursday warned of the dangers posed by misinformation on social media and called for regulatory changes to address the issue. “With the rise of social media and the need to better understand people’s online behavior, in order to sell more advertising, companies want to collect more data,” Obama said in ...
Freight orchestration startup Convoy raises $260M at $3.8B valuation
Convoy Inc., a logistics startup on track to generate more than $1 billion in revenue this year, today announced that it has raised $260 million from investors at a $3.8 billion valuation. The financing included a $160 million Series E preferred equity funding round led by Baillie Gifford and T. Rowe Price. The remaining $100 ...
Amazon launches $1B fund to invest in supply chain technology companies
Amazon.com Inc. today announced plans to invest $1 billion in companies developing supply chain technologies such as warehouse robots. The investments will be made through a new fund known as the Amazon Industrial Innovation Fund. Amazon said that it plans to back a variety of companies ranging from early-stage startups to more established firms. The ...
Elon Musk secures $46.5B in financing commitments to acquire Twitter
Elon Musk has secured $46.5 billion in financing commitments to take Twitter Inc. private, according to a filing with the U.S. Securities and Exchange Commission that was released today. Earlier this month, Musk announced that he had bought a 9.2% stake in Twitter worth about $2.89 billion. Shortly thereafter, the Tesla Inc. Chief Executive made ...
Amazon invests in 37 new renewable energy projects
Amazon.com Inc. today announced that it’s investing in 37 new renewable energy projects around the world, including wind farms, solar farms and rooftop solar panel installations. The investment is expected to make an additional 3 gigawatts of clean energy capacity available for the company. Amazon eventually plans to power its entire operations using clean energy ...
Statsig raises $43M to help companies improve their software products
Sequoia Capital has led a $43 million funding round for Statsig Inc., a startup that helps companies find ways to improve their applications and websites. The investment, which Statsig announced today, also included the participation of Madrona Venture Group. It comes only six months after the startup’s previous funding round. Statsig, which didn’t generate any ...
Just Eat Takeaway.com exploring sale of Grubhub less than year after acquisition
Just Eat Takeaway.com NV today said that it’s exploring a sale of food delivery app Grubhub, which it acquired for $7.3 billion in a deal that closed less than a year ago. Publicly traded Just Eat Takeaway.com is a major player in the food delivery market. The Netherlands-based company emerged from the 2019 merger of ...
Report: Investment firm Apollo could back bid to take Twitter private
Investment firm Apollo Global Management Inc. could back an effort to take Twitter Inc. private, the Wall Street Journal reported late Monday. Last week, Tesla Inc. Chief Executive Officer Elon Musk made an offer to acquire Twitter for $43 billion. A few days later, it was reported that private equity firm Thoma Bravo LLC has also ...
ThreatLocker nabs $100M to block malware in enterprise networks
ThreatLocker Inc. today announced that it has closed a $100 million funding round to build more features for its cybersecurity platform, which prevents malware from running on companies’ information technology infrastructure. General Atlantic led the Series C round. Existing ThreatLocker investors Elephant VC and Arthur Ventures participated as well. ThreatLocker’s platform allows a company to ...