Plaid lays off 20% of staff, CEO says the fintech company ‘hired and invested ahead of revenue growth’

December 7, 2022

Fintech decacorn Plaid is laying off 260 employees, or about 20% of its workforce, the company announced today. While specific details around who exactly was affected remain unknown, sources in recent months had told TechCrunch that the San Francisco-based startup’s engineering team was likely to take a big hit. In March, Plaid CTO Jean-Denis Greze […]

Plaid lays off 20% of staff, CEO says the fintech company ‘hired and invested ahead of revenue growth’ by Mary Ann Azevedo originally published on TechCrunch

Microsoft Teams targets Facebook Groups with new ‘Communities’ feature

December 7, 2022

Microsoft Teams launched a new “Communities” feature on Android and iOS devices, the company announced today. Users can now create and organize groups with their recreational sports club, event planning committee, parent-teacher association, or any other group in their community. The feature gives users access to group calendars, event scheduling, meetings, document/photo sharing, video calls […]

Microsoft Teams targets Facebook Groups with new ‘Communities’ feature by Lauren Forristal originally published on TechCrunch

Binance’s bitcoin reserves are fully collateralized according to auditing firm Mazars

December 7, 2022

Auditing firm Mazars has released a report about Binance’s BTC reserves. The auditing firm has reached the same conclusion as Binance itself. As of November November 22 at 23:59 UTC, Binance held enough bitcoins and wrapped bitcoins to cover all users’s balance on the exchange. Binance had already launched a proof-of-reserves website nearly two weeks […]

Binance’s bitcoin reserves are fully collateralized according to auditing firm Mazars by Romain Dillet originally published on TechCrunch

Ego-ish and how tech’s main characters are all a bit different

December 7, 2022

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single topic, think about a question, and unpack the rest. This week, Natasha chatted with Alex about ego, how recent news from […]

Ego-ish and how tech’s main characters are all a bit different by Natasha Mascarenhas originally published on TechCrunch

The Download: metaverse fashion, and looser covid rules in China

December 7, 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. The metaverse fashion stylists are here Fashion creator Jenni Svoboda is designing a beanie with a melted cupcake top, sprinkles, and doughnuts for ears. But this outlandish accessory isn’t destined for the physical…

San Francisco rethinks policy on police using killer robots

December 7, 2022

San Francisco has hit pause on a policy that would allow police officers to use “killer robots” in certain situations that pose a threat to human life. The controversial plans were initially greenlighted last week by San Francisco’s board of supervisors in a 8-3 vote, sparking a backlash from local residents and activist groups alike. […]

San Francisco rethinks policy on police using killer robots by Paul Sawers originally published on TechCrunch

Maergo raises $20M to provide Amazon-style fast and cheap air and ‘middle mile’ services to online retailers

December 7, 2022

With the holiday shopping season well underway and showing signs that it might not be as sluggish as some predicted, a startup out of Austin, Texas, is announcing funding to build out  a new approach to shipping, to help retailers compete against the consumer pull of fast and free Amazon Prime delivery. Maergo — which […]

Maergo raises $20M to provide Amazon-style fast and cheap air and ‘middle mile’ services to online retailers by Ingrid Lunden originally published on TechCrunch