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Category Archives: Tech
Accel eyes new India fashion e-commerce bet with Newme
Accel, an early investor in Indian e-commerce giants Flipkart and Myntra, is preparing a new fashion e-commerce bet in India even as competition intensifies with the recent expansion of Mukesh Ambani’s Ajio platform. Accel is in advanced talks to lead … Continue reading
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Wattpad, a storytelling platform, conducts another layoff round
Wattpad, a Toronto-based storytelling platform owned by Naver’s Webtoon Entertainment, conducted another round of layoffs earlier this month. Wattpad has cut around 30 jobs, or roughly 15% of its workforce, a source familiar with the situation told TechCrunch. According to local … Continue reading
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Elon Musk’s $56B Tesla pay deal is unfair, judge rules
A Delaware judge ruled Tuesday that Elon Musk’s $56 billion multi-billion pay package is unfair, voiding the largest in compensation deal in corporate history. The decision, issued Tuesday in the Delaware Court of Chancery by Judge Kathaleen McCormick, means that … Continue reading
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Yelp uses AI to look at reviews and businesses can’t edit or opt-out
Yelp began in July 2004 in San Francisco, CA, and was founded by Jeremy Soppelman and Russel Simmons. Today, the company announced over 20 updates for consumers and business owners, and they will deploy artificial intelligence (AI) to “describe what … Continue reading
NY attorney general files lawsuit against Citibank for failing to protect customers from online fraud
New York Attorney General Letitia James has initiated a lawsuit against Citibank, citing the bank’s inadequate response to protecting its customers from online fraud and its refusal to reimburse those who suffered financial losses due to unauthorized transactions. The lawsuit … Continue reading
PayPal joins tech layoff wave with major workforce reduction
PayPal is set to layoff approximately 9% of its workforce, a move announced by CEO Alex Chriss in a recent letter to staff, as per a recent Bloomberg report. This decision comes as the company faces increasing competition, profit pressures, … Continue reading
Expect a big decline in the Apple iPhone 16 shipments this year
A prominent Apple analyst anticipates a considerable decrease in iPhone shipments this year. An analyst with Barclays stated in January that nothing unique about the iPhone 16 series would help turn around the device’s falling demand. The analyst downgraded Apple … Continue reading
Ofcom report finds 1 in 5 harmful content search results were ‘one-click gateways’ to more toxicity
Move over, TikTok. Ofcom, the U.K. regulator enforcing the now official Online Safety Act, is gearing up to size up an even bigger target: search engines like Google and Bing and the role that they play in presenting self-injury, suicide … Continue reading
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Elon Musk: Judge blocks ‘unfathomable’ $56bn Tesla pay deal
The lawsuit was filed by a shareholder who argued that it was an inappropriate overpayment.
Zuckerberg among tech bosses to testify on child safety
Senators say Meta, X, TikTok, Discord and Snap are not doing enough to protect children online.