California accuses Facebook of ignoring subpoenas in state’s Cambridge Analytica investigation

California’s attorney general Xavier Becerra has accused Facebook of “continuing to drag its feet” by failing to provide documents to the state’s investigation into Facebook and Cambridge Analytica. The attorney general said in a court filing Wednesday that Facebook had provided a “patently deficient” response to two sets of subpoenas for the previously undisclosed investigation […]

Apple commits $2.5 billion to address California’s housing crisis and homelessness issues

Apple announced this morning a significant $2.5 billion commitment toward easing the California housing availability and affordability crisis. The investment includes a $1 billion commitment to an affordable housing investment fund, $1 billion toward a first-time homebuyer mortgage assistance fund and $300 million in Apple-owned land, which will be made available for affordable housing. Another […]

Startups Weekly: Understanding Uber’s latest fintech play

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about how SoftBank is screwing up. Before that, I noted All Raise’s expansion, Uber the TV show and the […]

Supercross’s anticipated EV class not ready for primetime in 2020

Motorcycle racing series Supercross isn’t quite ready to add an EV class. The sport — where riders race high-performance machines on jump-filled stadium tracks — currently fields only gas-powered two-wheelers. Supercross was poised to launch an all-electric class this month, by converting its junior program to a new e-moto manufactured by KTM — Supercross Director […]

Meet Bespoke Financial, a lender for cannabis companies backed by Snoop Dogg’s Casa Verde Capital

Bespoke Financial wants to provide cannabis businesses with the same kind of financial services that other businesses get, but that dispensaries and growers can’t yet access. The regulations around cannabis operations are so stringent at the local level — and so nebulous at the federal level — that national banks won’t give businesses in the […]

MediaLab acquires messaging app Kik, expanding its app portfolio

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the U.S. Securities and Exchange Commission. Livingston […]

Foursquare CEO calls on Congress to regulate the location data industry

The chief executive of Foursquare, one of the largest location data platforms on the internet, is calling on lawmakers to pass legislation to better regulate the wider location data industry amid abuses and misuses of consumers’ personal data. It comes in the aftermath of the recent location sharing scandal, which revealed how bounty hunters were […]

ZeroDown, valued at $150M, plans to take on Zillow

Days out of Y Combinator, venture capitalists valued ZeroDown, a financial and real estate technology startup, at $150 million. The company had the perfect match of experienced founders and eye-popping ambitions to carve a new path to home ownership. “I think we will be known as a company that makes it easier to buy a […]

California’s Privacy Act: What you need to know now

This week California’s attorney general, Xavier Becerra, published draft guidance for enforcing the state’s landmark privacy legislation. The draft text of the regulations under the California Consumer Privacy Act (CCPA) will undergo a public consultation period, including a number of public hearings, with submissions open until December 6 this year. The CCPA itself will take […]

Nexkey raises $6M Series A round to make your company’s doors smarter

Nexkey, a company that provides a mobile access control solution for commercial buildings and workspaces, today announced that it has raised a $6 million Series A round led by Upfront Ventures. K9 Ventures, Mark IV Capital and Anand Chandrasekaran, the former Head of Platform for Messenger at Facebook, also participated in the round. Upfront also […]