Conditions appear to be shifting favorably for India’s Swiggy. The food delivery startup — backed by SoftBank, Prosus and Accel — saw its paper valuation slashed by more than a half this year as investors marked their holdings largely in response to the dwindling market conditions. The startup, valued at $10.7 billion in a funding […]
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Developer community site Stack Overflow has laid off 28% of its staff, the Prosus-owned company announced Monday. In a blog post, Stack Overflow’s CEO, Prashanth Chandrasekar indicated that the company is focusing on its path to profitability. While the post didn’t elaborate on the reason behind the job cuts, it mentioned customers’ budgets shifting elsewhere […]
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Jio Financial Services, the Indian conglomerate Reliance Industries’ financial services unit, has started its lending and insurance businesses and is rapidly scaling up its offerings as billionaire Mukesh Ambani expands the ever-so-wide tentacles of his oil-to-telecom empire. In an annual presentation this week, the recently publicly listed firm said it has started to offer personal […]
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This is a review-in-progress. More soon! Somewhere between the Ray-Ban Meta and Meta Quest 3 sits an ideal mixed-reality headset. It’s slim, light, offers hand tracking and passthrough and livestreams video when the moment calls for it. It’s designed to be worn inconspicuously outdoors, until the time comes for content capture. The Meta Quest Ray-Ban […]
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Snapchat has relied on people consuming content on its own app. But now, the social network is allowing websites to embed public content including Lenses, Spotlight videos, Public Stories, and Public Profiles. Users who want to embed a Story, video, or a Lens, can open up the content on a desktop browser using the link. […]
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Sam Bankman-Fried and other FTX executives spent $8 billion worth of customer funds on real estate, venture capital investments, campaign donations, endorsement deals and even a sports stadium, according to testimony from former senior FTX executive Nishad Singh. Singh’s testimony, which kicked off the third week of Bankman-Fried’s trial, provides fresh details of exactly where […]
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Agnikul, an Indian space tech startup developing small-lift launch vehicles, has raised $26.7 million in fresh investment as it looks to begin commercial launches using its customizable satellite rocket. Companies — from big tech giants to startups — are looking to launch their small satellites (up to 500 kg in weight) to space to improve […]
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Bandcamp has officially changed hands from its old new owner, Epic, to its new new owner, Songtradr, and lost half its employees in the process. Songtradr confirmed that “50% of employees received offers” to continue on under the new ownership — and naturally the other 50% didn’t. The venerable digital music marketplace was acquired by […]
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