Age verification tech could be headed to adult content sites Pornhub, Stripchat and XVideos after the three were added to a list of platforms subject to the strictest level of regulation under the European Union’s Digital Services Act (DSA). Back in April, the EU announced an initial list of 17 so called very large online […]
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Rite Aid has been banned from using facial recognition software for five years, after the Federal Trade Commission (FTC) found that the U.S. drugstore giant’s “reckless use of facial surveillance systems” left customers humiliated and put their “sensitive information at risk.” The FTC’s Order, which is subject to approval from the U.S. Bankruptcy Court after […]
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Al Mada Holding Group is one of Africa’s largest private investment funds. The Casablanca-headquartered private holding operates in different fields, such as banking, telecommunications, renewable energy and the food industry. Over the years, Al Mada’s approach has centered on acquiring majority shareholdings in some of Morocco’s largest private companies, with its portfolio spanning 27 markets […]
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Bird has filed for Chapter 11 bankruptcy, capping off a turbulent year for the electric scooter company. In a press release today, Bird confirmed that it had entered into a “financial restructuring process aimed at strengthening its balance sheet,” with the company continuing to operate as normal in pursuit of “long-term, sustainable growth.” Founded in […]
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ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to below $1.5 billion, according to two sources familiar with the matter. Existing backers including Temasek and Tencent are among the investors in advanced stages of talks to invest in the new round, the sources […]
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Micromobility.com, formerly Helbiz, was delisted from the Nasdaq on Monday as a result of the company’s noncompliance with the stock exchange’s listing rules, according to a regulatory filing. Competitor Bird — the only other shared micromobility company to brave the public markets — was also delisted from the stock exchange in September. The company’s common stock […]
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