Substack doubles down on uncensored ‘free speech’ with acquisition of Letter

Substack announced last week that it acquired Letter, a platform that encourages written dialogue and debate. The financials of the deal weren’t disclosed, but this acquisition follows Substack’s recent $65 million raise. Newsletters are all the rage — Facebook launched its exclusive, celeb-studded Bulletin platform last month, and Twitter acquired the newsletter startup Revue earlier […]

Zoom reaches $85M settlement in ‘Zoombombing’ lawsuit

Zoom has agreed to pay $85 million to settle a lawsuit that accused the video conferencing giant of violating users’ privacy by sharing their data with third parties without permission and enabling “Zoombombing” incidents. Zoombombing, a term coined by TechCrunch last year as its usage exploded because of the pandemic, describes unapproved attendees entering and […]

The best way to grow your tech career? Treat it like an app

Raj Yavatkar Contributor As CTO, Raj Yavatkar is responsible for charting Juniper Networks‘ technology strategy through the execution of the company’s innovations and products for intelligent self-driving networks, security, mobile edge cloud, network virtualization, packet-optical integration and hybrid cloud. Software developers and engineers have rarely been in higher demand. Organizations’ need for technical talent is […]

Robinhood’s stock drops 8% in its first day’s trading

Robinhood priced its public offering at $38 per share last night, the low end of its IPO range. The company was worth around $32 billion at that price. But once the U.S. consumer investing and trading app began to allow investors to trade its shares, they went down sharply, off more than 10% in the […]

Colombia’s Merqueo bags $50M to expand its online grocery delivery service across Latin America

Merqueo, which operates a full-stack, on-demand delivery service in Latin America, has landed $50 million in a Series C round of funding. IDC Ventures, Digital Bridge and IDB Invest co-led the round, which also included participation from MGM Innova Group, Celtic House Venture Partners, Palm Drive Capital and previous shareholders. The financing brings the Bogota, […]

Facebook warns of ‘headwinds’ to its ad business from regulators and Apple

Facebook posted its second quarter earnings Wednesday, beating expectations with $29 billion in revenue. The world’s biggest social media company was expected to report $27.8 billion in revenue for the quarter, a 50% increase from the same period in 2020. Facebook reported earnings per share of $3.61, which also bested expectations. The company’s revenue was […]

Duolingo’s IPO pricing is great news for edtech startups

While the Chinese technology market digests a new regulatory landscape impacting the country’s edtech market in a sharply negative manner, U.S. education technology companies have something to cheer about: Duolingo’s IPO priced very well. The language-learning unicorn initially targeted an $85 to $95 per share IPO price range. That interval was later raised to $95 […]

Apple News partners with NBCUniversal to share exclusive Olympics content

It’s hard to keep up with the Olympics any year, let alone when they’re taking place in a time zone that’s 13 hours ahead of you (if you’re on the U.S. East Coast). Apple News on Monday announced a collaboration with NBCUniversal (the U.S. broadcast rights holder for the Olympics) to develop exclusive daily recaps […]

The RapidSOS EC-1

Three digits, so little time. Numbers can take on profound cultural significance, but few numbers have quite the resonance as 911, the emergency number for the United States. Few want to dial it, but when they must, it works — every single time. One industry trade association estimates that 240 million 911 phone calls are […]