February 2023

Twitter discontinues CoTweets, says will debut text attachments next week

February 1, 2023

Twitter announced Tuesday that it is discontinuing CoTweeting, a feature that let two users co-author a tweet. The company said that the feature will immediately cease to exist. Users will be able to view the set of co-tweets for a month. After that, they will be automatically converted to retweets on the co-author’s profile. “For […]

Twitter discontinues CoTweets, says will debut text attachments next week by Ivan Mehta originally published on TechCrunch

Amazon’s sales terms and delivery ‘dark patterns’ face probe in Poland

February 1, 2023

If you’ve ever made an Amazon order with a particular seller because the estimated delivery for the item appears to match when you need it, only to be frustrated when a different (later) delivery estimate appears after you’ve completed the payment process, this action by Poland’s competition and consumer watchdog may be of interest: It’s […]

Amazon’s sales terms and delivery ‘dark patterns’ face probe in Poland by Natasha Lomas originally published on TechCrunch

How the Supreme Court ruling on Section 230 could end Reddit as we know it

February 1, 2023
When the Supreme Court hears a landmark case on Section 230 later in February, all eyes will be on the biggest players in tech—Meta, Google, Twitter, YouTube. A legal provision tucked into the Communications Decency Act, Section 230 has provided the foundation for Big Tech’s explosive growth, protecting social platforms from lawsuits over harmful user-generated…

South African digital lender Lulalend to launch banking product off the back of $35M Series B

February 1, 2023

In most African countries, access to credit remains limited for many small businesses, with the reasons ranging from the inability to pay collateral and lack of credit history to unfavorable lending criteria and high-interest rates.  Banks and governments have tried to address this gap across different African markets by implementing several loan initiatives, but there’s […]

South African digital lender Lulalend to launch banking product off the back of $35M Series B by Tage Kene-Okafor originally published on TechCrunch

Tiger Global’s India returns ‘way below average’ but firm remains bullish, says Scott Shleifer

February 1, 2023

Tiger Global believes India is likely to produce the highest equity returns globally, its partner Scott Shleifer said on an investor call Tuesday, even as he admitted the investor giant has made way more money in China and the U.S. “We think it will be the best place to invest,” said Shleifer of India. “We […]

Tiger Global’s India returns ‘way below average’ but firm remains bullish, says Scott Shleifer by Manish Singh originally published on TechCrunch

ValueBase, backed by Sam Altman’s Hydrazine, raises $1.6 million seed round

February 1, 2023

OpenAI CEO Sam Altman believes AI can help usher in “unbelievable abundance,” but he says he wants to ensure that such abundance is shared. Toward that end, Altman has embraced a theory of 19th century political economist Henry George, who in his own lifetime worried about wealth amassing in the hands of the few following […]

ValueBase, backed by Sam Altman’s Hydrazine, raises $1.6 million seed round by Connie Loizos originally published on TechCrunch

MUFG, Japan’s largest bank, launches $100M fund for Indonesian startups

February 1, 2023

MUFG, Japan’s largest bank by market cap, announced today the launch of a $100 million fund focused on Indonesian startups. The fund, a collaboration between MUFG subsidiaries MUFG Innovation Partners, MUFG Bank and Indonesian commercial bank Danamon, is called MUFG Innovation Partners Garuda No. 1 Limited Investment Partnership. The fund, which is the third one […]

MUFG, Japan’s largest bank, launches $100M fund for Indonesian startups by Catherine Shu originally published on TechCrunch

Snapchat now has more than 2 million paid subscribers

February 1, 2023

Snapchat has more than 2 million paid subscribers on its Snapchat+ program, the company said during its latest earnings report. Snap noted that the paid plan, which costs $3.99 a month, is a part of “diversifying” its revenue pipelines. The social network first launched Snapchat+ in June 2022 in countries like the US, Canada, the […]

Snapchat now has more than 2 million paid subscribers by Ivan Mehta originally published on TechCrunch

Egyptian financial services provider MNT-Halan valued at $1B in $400M funding

February 1, 2023

Egyptian fintech and e-commerce ecosystem MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country. The round includes $260 million in equity financing and $140 million through two securitized bond issuances secured within the […]

Egyptian financial services provider MNT-Halan valued at $1B in $400M funding by Tage Kene-Okafor originally published on TechCrunch