June 2023

Tech investment portfolios suffer write-downs amid global economic slowdown

June 1, 2023

Some high-profile venture capital and private equity firms are slashing the valuation of their holdings, causing billions in apparent profits to evaporate as the economic downturn undermines the sustained growth of the last 13 years. The California Pension System, the largest pension system in the U.S. whose investments are sprinkled across the globe, injected $368.8 […]

Tech investment portfolios suffer write-downs amid global economic slowdown by Manish Singh originally published on TechCrunch

Fintech giant Stripe is getting into the credit game

June 1, 2023

Stripe wants to make it easier for businesses to access credit. The private financial infrastructure giant announced a new charge card program today from Stripe Issuing, its commercial card issuing product, Denise Ho, head of product for BaaS at Stripe, told TechCrunch exclusively. The company originally launched its Issuing product in 2018 and since then, […]

Fintech giant Stripe is getting into the credit game by Mary Ann Azevedo originally published on TechCrunch

Germany’s antitrust watchdog questions the future of behavioral advertising

June 1, 2023

Germany’s antitrust watchdog made some interesting comments vis-a-vis the programmatic advertising market yesterday — which question the appropriateness and sustainability of the (still dominant) tracking-and-profiling ad targeting business model. In a statement accompanying publication of a sectoral report (the full report is here in German), the Federal Cartel Office’s (FCO) president, Andreas Mundt, wrote: We […]

Germany’s antitrust watchdog questions the future of behavioral advertising by Natasha Lomas originally published on TechCrunch

Meta announces over 20 new games for Quest headsets

June 1, 2023

In addition to news of a $499 Quest 3 headset arriving this fall, Meta today announced over 15 new titles for Quest VR headsets at the Meta Quest Gaming Showcase today. The games include “Stranger Things VR,” a new version of “NFL Pro Era,” “Assassin’s Creed: Nexus VR” and “Ghostbusters: Rise of the Ghost Lord.” […]

Meta announces over 20 new games for Quest headsets by Ivan Mehta originally published on TechCrunch

Kaspersky says attackers hacked staff iPhones with unknown malware

June 1, 2023

The Russian cybersecurity company Kaspersky said that hackers working for a government targeted its employees’ iPhones with unknown malware. On Monday, Kaspersky announced the alleged cyberattack, and published a technical report analyzing it, where the company admitted its analysis is not yet complete. The company said that the hackers, whom at this point are unknown, […]

Kaspersky says attackers hacked staff iPhones with unknown malware by Lorenzo Franceschi-Bicchierai originally published on TechCrunch

Verizon’s +Play is the first to bundle Netflix and Paramount+ with Showtime

June 1, 2023

Verizon announced Thursday a new streaming bundle through its +Play subscription-aggregation hub that will combine Netflix’s premium plan and Paramount’s upcoming merged streaming service, Paramount+ with Showtime. This marks the first time that rivals Netflix and Paramount+ have been offered in a bundle together. The limited-time deal will cost $25.99 per month– a 19% discount […]

Verizon’s +Play is the first to bundle Netflix and Paramount+ with Showtime by Lauren Forristal originally published on TechCrunch