Technology News
France is the latest country that is taking steps to ban TikTok from government-managed devices. Stanislas Guerini, the Minister of Public Transformation and Service, and his services issued a succinct statement announcing the move and the reasoning behind this change. But there’s a twist. Instead of simply banning the social media app, the French government is saying that all recreational apps are now banned...
Sach Chitnis Contributor Sach Chitnis is co-founder of Jump Capital, a thesis-led, sector-focused and operating-centric venture capital firm specializing in Seed and Series A investments. With the collapse of Silicon Valley Bank, founders find themselves in a predicament when looking to raise either equity or debt. Most companies run their business on equity capital alone and have access to a venture debt facility. Access...
Jack Ma’s whereabouts are making headlines again roughly a year after the billionaire founder of Alibaba disappeared from the public eye. Bloomberg reported Monday that Ma had chosen to stay abroad despite China’s efforts to restore confidence in entrepreneurs, citing unnamed sources. Within hours, however, news surfaced that Ma actually visited an Alibaba-funded K-12 school in Hangzhou, according to an article published by the...
First Citizens BankShares has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood of thousands of startups before its collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The failure of Silicon Valley Bank is estimated to incur a loss of about $20 billion to the Deposit Insurance Fund, the regulator said. The...
Paulita Paupel, who runs the European branch of the adult industry trade body the Free Speech Coalition, says the crackdowns are having worrying impacts on people and their ability to share content online. “People are fleeing the country,” Paupel says. “Most major content creators have already changed their residence to other European countries, mostly Austria, Switzerland, and Cyprus.” Others have changed their marketing strategies...
Reuters By Peter Hoskins Business reporter Parts of the source code which underpins multi-billionaire Elon Musk’s social media platform has been leaked online, Twitter says. It says the code was posted on GitHub, a Microsoft-owned service where software developers share code. It has now been taken down after Twitter requested its removal. Separately, Mr Musk has reportedly signalled to Twitter workers that the firm...
Pinterest announced today that it’s testing ways to integrate Shuffles collage content into Pinterest, starting with shopping. Shuffles, which is Pinterest’s collage-making app, launched to general public last November. To use Shuffles, users build collages using Pinterest’s own photo library or by snapping photos of objects they want to include with their iPhone’s camera. The iOS-only app is available in the U.S., Canada, Great...
One of my most joyous technology memories concerns Project Origami. The effort from Microsoft, Intel and others launched ultra-mobile PCs, or UMPCs. The devices, akin to squeezing a full Windows machine into something about the size of an midrange iPad often complete with a physical keyboard, utterly fascinated me back around 2006. At that time I had roughly zero money, so buying one of...
Oma Fertility is on a mission to improve in vitro fertilization. The company says it accomplishes this by offering clients better technology, respectful care, and ethical pricing. Founded by Gurjeet Singh in 2020, the company raised $71.5 million over three rounds of funding. Chrissy Meyer and Root Ventures invested in the last two rounds. I’m excited to have Gurjeet speaking at an upcoming TechCrunch...
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends...
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