TopTechTrends

Orbex’s new funding may accelerate its Prime microlauncher into orbit

April 18, 2024

UK-based small launch developer Orbex got another boost from Scotland’s national bank and other investors as it gears up for its first orbital launch, though that mission still does not have a set date. Founded in 2015, Orbex is one of a handful of firms racing to develop the next generation of European launch vehicles. […]

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Dailyhunt-parent acquires newsstand app Magzter

April 18, 2024

VerSe Innovation, the parent firm of news aggregator app Dailyhunt, has acquired the popular digital newsstand firm Magzter, the two said Thursday. The Bengaluru-headquartered startup has fully acquired Magzter, a New York-headquartered firm that counted Singapore Press Holdings among its backers. VerSe didn’t disclose the financial terms of the deal. The acquisition of Magzter, which […]

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Consumer Financial Protection Bureau fines BloomTech for false claims

April 17, 2024

In an order today, the U.S. Consumer Financial Protection Bureau (CFPB) said that BloomTech, the for-profit coding bootcamp previously known as the Lamda School, deceived students about the cost of loans, made false claims about graduates’ hiring rates and engaged in illegal lending masked as “income sharing” agreements with high fees. The order marks the […]

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Ramp raises another $150 million co-led by Khosla, Founders Fund at a $7.65B valuation

April 17, 2024

Spend management startup Ramp has raised another $150 million at a valuation of $7.65 billion, the company confirmed to TechCrunch today. Khosla Ventures and Founders Fund co-led the raise, which also included participation from new backers Sequoia Capital, Greylock and 8VC. Existing investors Thrive Capital, General Catalyst, Sands Capital, D1 Capital, Lux Capital, Iconiq Capital, […]

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How Low Could Stocks Go?

April 17, 2024
The S&P 500 (SPY) is starting to test key support levels for the first time since November 2023 given continuing signs that Fed rate cuts are getting pushed further and…