A Delaware judge ruled Tuesday that Elon Musk’s $56 billion multi-billion pay package is unfair, voiding the largest in compensation deal in corporate history. The decision, issued Tuesday in the Delaware Court of Chancery by Judge Kathaleen McCormick, means that Musk, the world’s richest person, can’t keep the 2018 compensation package. The ruling can be […]
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Move over, TikTok. Ofcom, the U.K. regulator enforcing the now official Online Safety Act, is gearing up to size up an even bigger target: search engines like Google and Bing and the role that they play in presenting self-injury, suicide and other harmful content at the click of a button, particularly to underage users. A […]
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Universal Music Group (UMG), the label representing artists including Taylor Swift, Billie Eilish, and Ariana Grande, says that it’ll pull its music from TikTok tomorrow at midnight after failing to reach a deal with the platform’s parent company, ByteDance, over royalties. UMG won’t seek to renew its current arrangement with TikTok, set to expire on […]
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Giant Ventures, a UK-based VC that has made a habit of investing on both sides of the Atlantic, is launching two new funds, totalling $250 million. It’s previous fund had totalled $100 million. The firm invests across climate, health, and what it calls ‘purpose-driven’ startups and some used to call ‘impact’ or ‘mission-driven’. Whatever the case, […]
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You know you’ve screwed up when you’ve simultaneously angered the White House, the TIME Person of the Year, and pop culture’s most rabid fanbase. That’s what happened last week to X, the Elon Musk-owned platform formerly called Twitter, when AI-generated, pornographic deepfake images of Taylor Swift went viral. One of the most widespread posts of […]
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Welcome back to Found, where we get the stories behind the startups. This week Becca flew solo with Carly Zakin and Danielle Weisberg, the co-founders and co-CEOs of theSkimm, a digital media company delivering news through newsletter targeted at millennial women. Zakin and Weisberg talked about what market gap they wanted theSkimm to fill. They […]
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The Iconfactory, the maker of a popular third-party Twitter client, Twitterrific, that was among those killed off by Twitter under Elon Musk’s management, is hoping to recover from its losses with a new app that combines your social media, news feeds, and alerts into one experience. The app, dubbed “Project Tapestry” as it launches on […]
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