After the app economy slowed for the first time ever in 2022, things picked up pace again over the past year. According to app intelligence provider data.ai’s annual “State of Mobile” report, out today, consumer spending on apps saw a modest 3% increase year-over-year in 2023 to reach $171 billion across the App Store, Google […]
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Seedstars Africa Ventures has received a $30 million capital commitment from EIB Global, an arm of the European Investment Bank, which becomes the first major institutional investment for its first Pan-African venture capital fund. The new commitment follows a $8 million investment from the fund’s anchor investor French private equity firm LBO France. The fund […]
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Dating app behemoth Match Group has named Faye Iosotaluno as the new Tinder CEO, two years after the previous CEO Renate Nyborg left the company in August 2022. During that time, Match Group CEO Bernard Kim held the position. Iosotaluno has been working at the Match Group since 2017. She was promoted from the company’s […]
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Binance, Kraken, Mexc, Kucoin and five other crypto exchanges flagged for operating “illegally” in India have disappeared from Apple’s App Store in the country. The move follows Financial Intelligence Unit, an Indian government agency which scrutinizes financial transactions, issuing show cause notices to all nine firms two weeks ago and alleging that they weren’t compliant […]
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Earlier today, Forbes reported that renowned venture capitalist, operator and entrepreneur Keith Rabois is returning to Khosla Ventures (“KV”), the Silicon Valley outfit where he cut his teeth as a full-time VC before joining Founders Fund (“FF”), where in 2019 he teamed up with former Stanford classmate Peter Thiel. The move came as a surprise […]
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If a noticeable chunk of Carta startup and venture customers do leave, it would hurt the company’s otherwise impressive revenue figures, but that seems unlikely to happen.
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Another round of layoffs is hitting Twitch. The Amazon-owned livestreaming platform will cut 35% of its staff, or roughly 500 employees, Bloomberg reports, and will announce the reduction as early as this week. Twitch did not immediately respond to TechCrunch’s request for comment. It’s the latest blow for the already beleaguered company, which cut hundreds […]
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Treasure Financial has laid off 14 employees, the fintech startup confirmed to TechCrunch today. The layoffs took place in December. The move affected some 60% to 70% of the company, according to multiple sources familiar with internal operations. Sam Strasser, founder and CEO of Treasure Financial, told TechCrunch that “a need to streamline our operations […]
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One of the easiest shots to take at the delivery bots some of us see trundling around techy cities is that they can’t climb stairs, curbs, or any other minor obstacle that even a slug could handle. Mobinn, a new spinoff from Hyundai, has seemingly solved this using a set of flexible wheels that can […]
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