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Fidelity cuts Reddit valuation by 41%
Fidelity, the lead investor in Reddit’s most-recent funding round, has slashed the estimated worth of its equity stake in the popular social media platform by 41%, the latest high-profile write-down amid a weakening worldwide economy on public markets. Fidelity Blue Chip Growth Fund’s stake in Reddit was valued at $16.6 million as of April 28, […]
Fidelity cuts Reddit valuation by 41% by Manish Singh originally published on TechCrunch
Rocket Lab’s private mission to Venus slips to 2025
Rocket Lab’s mission to Venus, which was originally scheduled to launch last month, is “not imminent,” a spokesperson confirmed to TechCrunch. That means the mission will likely move ahead no earlier than January 2025, the only publicly stated back-up window for launch. “Our focus right now is on delivering customer missions as a priority,” the […]
Rocket Lab’s private mission to Venus slips to 2025 by Aria Alamalhodaei originally published on TechCrunch
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Salesforce could be repositioning itself as a data company
As Salesforce delves deeper into AI, the data exhaust from its core products could eventually be its most valuable asset.
Salesforce could be repositioning itself as a data company by Ron Miller originally published on TechCrunch
Stranger Things game developer BonusXP is shutting down
BonusXP, the game studio that worked with Netflix to kick off its gaming initiative and introduced “Stranger Things” titles on mobile devices as well as desktop and consoles, is shutting down. The Texas-based studio announced the closure through its social media channels on Wednesday evening. “We have begun the difficult process of ceasing operations at […]
Stranger Things game developer BonusXP is shutting down by Jagmeet Singh originally published on TechCrunch
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Monthly crypto exchange volume tumbled in May, hitting 32-month low
Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more. Welcome back to Chain Reaction. Although there are a lot of builders in the crypto space, the total money being invested into the crypto market has hit 32-month lows in May. Cryptocurrency monthly exchange volume, which calculates spot market volume across all crypto […]
Monthly crypto exchange volume tumbled in May, hitting 32-month low by Jacquelyn Melinek originally published on TechCrunch