Category Archives: Tech

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Doubtnut, once offered a $150M deal by Byju’s, sells for $10M

Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a reversal of fortune for the once promising edtech leading app. The two firms confirmed … Continue reading

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Spotify to lay off 17% of employees — read the full memo CEO Daniel Ek sent to staff

Music streaming service Spotify is laying off 17% of its workforce, CEO Daniel Ek said Monday.

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Get a Comprehensive CompTIA Training for Just $80

Work towards a career in tech and get ready for your 2024 CompTIA certification exams with this comprehensive 15 courses bundle. Now at $79.99.

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Bending Spoons lays off entire staff of Flimic

Milan-based creative app studio Bending Spoons has laid off the entire staff of Filmic, which made popular video and photo editing apps such as Filmic Pro, per a report by PetaPixel. Bending Spoons acquired Filmic last July and the move … Continue reading

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Spotify to axe 1,500 workers to save costs

The music-streaming company says it is making people redundant to “rightsize” the firm.

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Spotify cuts 17% jobs amid rising capital costs

Spotify is eliminating about 17% jobs, its third round of layoffs, as the music streaming looks to become “both productive and efficient.” In a note to employees Monday, Spotify founder and chief executive Daniel Ek said the right-sizing of the … Continue reading

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India’s MoveinSync eyes $50–60M in fresh funding

MoveinSync, an Indian startup offering mobility solutions to blue-chip companies for workplace commute, is engaging with investors to raise a growth round, according to people familiar with the deliberations. The 14-year-old startup is engaging with investors to raise about $50–$60 … Continue reading

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More layoffs come for micromobility, Cruise cuts loom, and what the Cybertruck signals for Elon

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, … Continue reading

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Gravel gets funding from NEA to support Indonesia’s booming construction industry

Indonesia’s construction industry is growing quickly, driven by residential and industrial building, alongside infrastructure development plans by the government. Sourcing skilled labor is still a time-intensive process, however, and often relies on personal networks and lengthy recruitment efforts. The founders … Continue reading

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Crypto execs says the bull run is underway and could lead to $100,000 bitcoin in 2024

Excitement around a bitcoin ETF being approved in the U.S. next year as well as the bitcoin halving is fueling a rally in cryptocurrencies.

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