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Does This Chart Point to a Stock Correction?

February 28, 2024
Many seasoned investors are getting a bit concerned about stocks surging to 5,100 for the S&P 500 (SPY). That’s because earnings growth is nearly non-existent and thus stock prices are…

Deel, the $12B HR startup, acquires Zavvy to step up consolidation play

February 28, 2024

Consolidation is afoot in the world of HR services, with larger players snapping up interesting, smaller startups en route to more robust unit economics and providing one-stop shops for customers looking to cut down on suppliers. In the latest development, Deel — the $12 billion HR business out of Paris — is scooping up Zavvy, […]

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Job title of the future: Climate equity specialist

February 28, 2024
Our world reflects a carbon divide, with the richest 10% of the population contributing half of net carbon emissions and the poorest 50% bearing the brunt of the climate crisis. So extreme is this climate inequality that marginalized communities are around five times more likely to be displaced by extreme disasters. This growing realization led…

MWC 2024: Nothing enters the budget range with Phone (2a)

February 28, 2024

Nothing isn’t one to be quiet about new releases. The London-based phone company’s media push largely relies on trickling out information about devices bit by bit. It’s been a solid strategy thus far (if a bit annoying as someone who covers this world), as so many of its announcements have been first-gen products, each generating […]

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Thrasio, once king of e-commerce aggregation, files for Ch.11

February 28, 2024

Thrasio, the U.S. start-up that raised billions of dollars and popularized the concept of e-commerce aggregation — buying up and restructuring dozens of smaller brands and third parties selling on marketplaces like Amazon in a bid for better economies of scale — has commenced a restructuring of its own. The company has filed for Chapter […]

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Dailyhunt in talks to acquire social network startup Koo

February 28, 2024

Media startup Dailyhunt is in advanced stages of talks to acquire the Bengaluru-headquartered social network Koo, two sources familiar with the matter told me. The potential deal under discussion involves a share-swap agreement and could be finalized within weeks, the sources added, requesting anonymity as the matter is private. The deliberation follows Koo, which has […]

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Bumble cuts ~350 employees as dating apps face a reckoning

February 28, 2024

Bumble, a once-powerful force in online dating, is facing a reckoning. The company posted weak Q4 2023 results today showing a $32 million net loss and $273.6 million in revenue. While up from the same period a year ago, earnings came in below Wall Street expectations and were paired with a disappointing Q1 2024 forecast […]

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AIs serve up ‘garbage’ to questions about voting and elections

February 27, 2024

A number of major AI services performed poorly in a test of their ability to address questions and concerns about voting and elections. The study found that no model can be completely trusted, but it was bad enough that some got things wrong more often than not. The work was performed by Proof News, a […]

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