Amazon omits India business in earnings, a first in years

April 28, 2023

Amazon omitted India updates in Thursday’s earnings call and release, a notable change for the e-commerce giant that has consistently highlighted rapid growth in the South Asian market. The absence of India in the quarterly earnings, the first since early 2014, follows Amazon’s shutdown of multiple services, including food delivery and wholesale distribution, in the […]

Amazon omits India business in earnings, a first in years by Manish Singh originally published on TechCrunch

Muslims come into the frame in Southeast Asia’s fintech boom

April 28, 2023

Founded in 2014, Blossom Finance was first intended for Muslim entrepreneurs in the United States. The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. But founder Matthew Joseph Martin soon realized that the startup, backed by investors like Boost VC and Tim Draper, was serving a relatively niche market in […]

Muslims come into the frame in Southeast Asia’s fintech boom by Catherine Shu originally published on TechCrunch

Clubhouse needs to fix things, and today it cut more than half of staff

April 27, 2023

Clubhouse, a once skyrocketing social audio app built by Paul Davison and Rohan Seth, has laid off more than half of its staff. The startup’s co-founders made the decision in response to customer habits changing in a post-COVID world and remote work complexities, according to a blog post. Those who were impacted will receive severance […]

Clubhouse needs to fix things, and today it cut more than half of staff by Natasha Mascarenhas originally published on TechCrunch

Snap stock down 24% on weak earnings, ad revenue slump

April 27, 2023

Snap, the parent company of Snapchat, has seen its stock tumble 20% in after-hours trading after reporting first-quarter earnings Thursday. The company missed Wall Street revenue estimates of $1 billion, closing out the quarter with $989 million. That’s down 7% from the same period last year, and it represents the first time since Snap went […]

Snap stock down 24% on weak earnings, ad revenue slump by Rebecca Bellan originally published on TechCrunch

Hackers steal emails, private messages from hookup websites

April 27, 2023

Hackers have stolen email addresses, direct messages, and other personal data from users of two dating websites, according to a data breach expert. Earlier this week, someone alerted Troy Hunt, the founder and maintainer of the data breach alerting website Have I Been Pwned, that hackers had breached two dating websites, CitiJerks and TruckerSucker. Hunt […]

Hackers steal emails, private messages from hookup websites by Lorenzo Franceschi-Bicchierai originally published on TechCrunch