July 2023

Mukesh Bansal seeks over $100M valuation in new venture’s maiden funding

July 17, 2023
Mukesh Bansal of Myntra and Cultfit fame is evaluating a new venture. Though he has yet to narrow down on what he plans to do with the new startup – and in what order – he has a price in mind. Bansal and entrepreneur Mohit Gupta have pitched several investors – including Peak XV, Lightspeed […]

House Republicans probe Threads in ongoing social media investigation

July 17, 2023
House Judiciary Chair Jim Jordan (R-OH) has expanded his wide-ranging investigation of big tech and social media companies to include Threads, Meta’s new Twitter competitor. Representative Jordan subpoenaed Alphabet, Amazon, Apple, Meta and Microsoft in February to learn about “how and to what extent the Executive Branch coerced and colluded with companies and other intermediaries to […]

Threads as a gaming hub? Zynga founder-backed Artie is counting on it

July 17, 2023
Meta’s Threads has become a household name shortly after its debut earlier this month. Within a week of its launch, it attracted over 100 million users worldwide. The platform also recently achieved one-fifth of Twitter’s weekly active user base globally. Now, a startup named Artie is exploring new possibilities for the Twitter alternative by bringing […]

Microsoft and Sony sign deal to keep Call of Duty on PlayStation consoles

July 17, 2023
Microsoft and Sony signed an agreement to bring Call of Duty games to PlayStation consoles. As a reminder, Microsoft offered to acquire Activision Blizzard for $69 billion. And yet, 18 months after the announcement, that acquisition hasn’t closed as several competition regulators have been concerned about the consequences on the gaming market. That’s why today’s […]