Autonomous delivery startup Nuro lays off 20% of workforce

November 18, 2022

Nuro, the autonomous vehicle delivery startup backed by Softbank, Google and Tiger Global Management, is laying off about 300 people, or 20% of its workforce in an effort to preserve cash amid a stormy economic outlook, according to an email sent to employees this morning. Several Nuro employees also posted on Twitter and LinkedIn this […]

Autonomous delivery startup Nuro lays off 20% of workforce by Kirsten Korosec originally published on TechCrunch

Ransomware is a global problem that needs a global solution

November 18, 2022

This time last year, we were optimistic. It seemed like the tide was turning on ransomware after the U.S. government scored a handful of wins against the cybercriminals carrying out these increasingly damaging attacks: the Justice Department successfully seized $2.3 million in bitcoin that Colonial Pipeline paid to the DarkSide ransomware gang to reclaim its […]

Ransomware is a global problem that needs a global solution by Carly Page originally published on TechCrunch

Patreon competitor Fanfix launches ‘SuperLink,’ a link-in-bio platform aimed at Gen Z creators

November 18, 2022

Fanfix, the Patreon-style platform focused on Gen Z, announced today the launch of SuperLink, a standalone monetization-focused link-in-bio platform that displays a creator’s Fanfix page. Fanfix previously partnered with various link-in-bio companies, including Koji, Beacons and Hoo.bee. However, the company says many of its creators requested Fanfix build its own version of the feature. It […]

Patreon competitor Fanfix launches ‘SuperLink,’ a link-in-bio platform aimed at Gen Z creators by Lauren Forristal originally published on TechCrunch

Jumia to cut products and overheads as new management chase profits

November 18, 2022

Last Monday, Jumia co-founders Sacha Poignonnec and Jeremy Hodara resigned from their roles as co-CEOs, just ten days before the company’s third-quarter 2022 financial report. The end of their tenure, therefore, marked the first time a new face — Francis Dufay, the ex-chief at Jumia Ivory Coast and now acting CEO of Jumia — took […]

Jumia to cut products and overheads as new management chase profits by Tage Kene-Okafor originally published on TechCrunch

Hive ransomware actors have extorted over $100M from victims, says FBI

November 18, 2022

The U.S. government has warned of ongoing malicious activity by the notorious Hive ransomware gang, which has extorted more than $100 million from its growing list of victims. A joint advisory released by the FBI, the U.S. Cybersecurity and Infrastructure Security Agency, and the Department of Health and Human Services on Thursday revealed that the Hive […]

Hive ransomware actors have extorted over $100M from victims, says FBI by Carly Page originally published on TechCrunch

Fund of funds Sweetwood Ventures bets big on VC’s smallest funds

November 18, 2022

Despite legacy venture capital firms continuing to raise bigger and bigger funds, LPs may have more luck focusing on the small stuff. Amit Kurz, a general partner at Israel-based fund of funds Sweetwood Ventures, thinks so. He told TechCrunch that last year he started to notice more and more tiny funds he wasn’t familiar with […]

Fund of funds Sweetwood Ventures bets big on VC’s smallest funds by Rebecca Szkutak originally published on TechCrunch

The Download: Twitter may only last weeks, and Meta’s unforced AI error

November 18, 2022
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Former Twitter employees fear the platform might only last weeks Recently-departed Twitter staff have told MIT Technology Review they worry that the platform has weeks to live based on current staffing levels, mass…