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Kakao Entertainment announced today it has raised $966 million (1.2 trillion won) in financing from sovereign wealth funds, such as Saudi Arabia’s Public Investment Fund (PIF) and Singapore-based PWARP Investment. The entertainment subsidiary of South Korean internet giant Kakao operates storytelling platforms (web novels and webtoons), music, K-pop artists management, and other media (movie and […]

Kakao Entertainment lands $966M from sovereign wealth funds, including Saudi Arabia’s PIF  by Kate Park originally published on TechCrunch

When you look at fourth quarter worldwide PC sales data from Canalys, IDC and Gartner, it’s fair to say that the news was not great with all three firms seeing precipitous declines from 2021 highs. In fact, the numbers plunged for the fourth consecutive quarter with sales falling 28% according to IDC, 28.5% according to […]

PC sales slip for fourth straight quarter in Q4 as demand remains muted by Ron Miller originally published on TechCrunch

The last time the U.S. pushed for more domestic solar production, it didn’t turn out so well. Here’s how this time is different.

US solar manufacturing gets boost with $2.5B Georgia deal by Tim De Chant originally published on TechCrunch

Where do we go from here? Is the next step looking at alternative funding, or is it staying on the battleground, always ready to fight?

Funding for Black founders remains dismal — where do we go from here? by Dominic-Madori Davis originally published on TechCrunch

The continuing onslaught of tech layoffs has not let up in the new year. Last week, we saw big layoff announcements from Amazon and Salesforce with thousands of employees being let go. Yesterday CRN reported that Cloud Software Group was undertaking massive layoffs. Today the company confirmed it was laying off 15% of the workforce. Although […]

Company created by Citrix-Tibco merger confirms it has laid off 15% of staff by Ron Miller originally published on TechCrunch

British newspaper The Guardian has confirmed that cybercriminals accessed the personal details of U.K. staff members during a ransomware attack last month. The Guardian confirmed the data breach in an update emailed to staff on Wednesday, which the newspaper reported shortly after. The email, signed by the news outlet’s chief executive Anna Bateson and editor-in-chief Katharine […]

The Guardian confirms ransomware attack stole employee data by Carly Page originally published on TechCrunch

Carta, an equity management platform that was last privately valued at $7.4 billion, has cut 10% of its staff, confirming earlier rumors that a workforce reduction was in the works. Using LinkedIn data, the layoff could have impacted around 200 employees. Today’s layoff is around the same size as its 2020 workforce reduction, an event […]

Carta lays off 10% as CTO lawsuit looms by Natasha Mascarenhas originally published on TechCrunch

Privacy watchers keen to dig into the regulatory reasoning underpinning two major decisions against Meta earlier this month — which struck down Facebook and Instagram’s claim of contractual necessity as a valid legal basis to run behavioral advertising on users in the European Union — can now sift through the detail after the complainant, privacy […]

Major EU privacy decisions against Meta’s legal basis for ads raise fresh complaints by Natasha Lomas originally published on TechCrunch