Peloton, the exercise equipment maker and creator of online fitness classes, has announced that it’s laying off 15 percent of its workforce — 400 people — as CEO, president, and board director Barry McCarthy steps down after two years in the role. McCarthy was previously CFO at Spotify and Netflix, and was coerced out of […]
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The logistics industry in Nigeria, like any informal sector, struggles with poor infrastructure and other inefficiencies, making it difficult for businesses — both large and small — to move and store goods. Many startups have tackled middle-mile and last-mile delivery challenges, but one untapped area is providing an end-to-end fulfillment solution. Renda, a three-year-old startup, […]
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Digital fraud detection company BioCatch has a new majority shareholder in the form of U.K private equity firm Permira.
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Butcherbox is known for grinding its way forward, bootstrapping to more than $600,000 worth of revenue. The company hasn’t traditionally been on the M&A path, but it today announced it is acquiring Truffle Shuffle – who you may remember from a Shark Tank episode back in 2021 (or, perhaps, The Goonies). The acquisition helps Butcher […]
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Freshworks, the publicly listed SaaS firm, is acquiring U.S.-based startup Device42 for $230 million, the company disclosed in an SEC filing. Alongside the acquisition disclosure, Freshworks revealed that founder Girish Mathrubootham has stepped down as CEO. Dennis Woodside, who joined Freshworks as president in September 2022 and previously served as CEO of Motorola Mobility, will […]
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TikTok — facing yet more threats of being banned in key markets — scored an important win today to beef up its content and profile with consumers. Users on TikTok can once again create music clips using tracks from UMG’s catalog, a list featuring some of the biggest names in music today: Taylor Swift, Billie […]
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Blockchain startups were red-hot when Katie Haun left Andreessen Horowitz in 2021 to launch her own crypto-focused venture firm. But shortly after Haun announced that Huan Ventures’ two funds totalled $1.5 billion, cryptocurrency prices cratered, and FTX collapsed. Despite having a massive arsenal of dry powder, Haun Ventures didn’t rush to scoop up stakes in […]
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At the 2024 IAB NewFronts event on Wednesday, Snapchat announced a series of new augmented reality (AR) and machine learning (ML) tools designed to help brands and advertisers reach users on the social network with interactive experiences. The company said that it’s been investing in ML and automation to make it faster and easier for […]
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