Technology

Senate Banking chair urges FDIC to look into Tellus, a fintech backed by Andreessen Horowitz

May 4, 2023

Tellus, an Andreessen Horowitz-backed fintech company that claims it can offer people higher yields on their savings balances by using that money to fund certain U.S. single-family-home loans, is under scrutiny by the U.S. government. On May 2, as first reported by Barron’s, U.S. Senator Sherrod Brown, chairman of the Senate Banking, Housing, and Urban Affairs […]

Senate Banking chair urges FDIC to look into Tellus, a fintech backed by Andreessen Horowitz by Mary Ann Azevedo originally published on TechCrunch

Europe’s top court clarifies GDPR compensation and data access rights

May 4, 2023

The European Union’s top court has handed down a couple of notable rulings today in the arena of data protection. One (Case C-300/21) deals with compensation for breaches of the bloc’s General Data Protection Regulation (GDPR); and the second (Case C-487/21) clarifies the nature of information that individuals exercising GDPR rights to obtain a copy […]

Europe’s top court clarifies GDPR compensation and data access rights by Natasha Lomas originally published on TechCrunch

HV Capital closes €710M fund amidst the wider European and global funding downturn

May 4, 2023

If you’ve heard of Flixbus, SumUp, StudiVZ, Seatwave, Cafe Press, Zalando, Wooga, HelloFresh, Depop, Delivery Hero, and Agreena, then you’ve heard of companies invested in by HV Capital. The German early and growth stage VC has been a stalwart of the European tech startup ecosystem since at least the early 2000s, funding largely German-born companies […]

HV Capital closes €710M fund amidst the wider European and global funding downturn by Mike Butcher originally published on TechCrunch

Shopify to reduce workforce by 20%, sells logistics business to Flexport for 13% equity

May 4, 2023

Shopify revealed today that it’s laying off 20% of its workforce, impacting more than 2,000 people, and is selling its logistics business to Flexport for roughly 13% in stock. The news comes some 10 months after Shopify announced that it was reducing 10% of its workforce — roughly 1,000 people — and follows a trend that […]

Shopify to reduce workforce by 20%, sells logistics business to Flexport for 13% equity by Paul Sawers originally published on TechCrunch