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TikTok sues the US government over law that could ban the app | TechCrunch
TikTok is suing the United States government in an effort to block a law that would ban TikTok if its parent company, ByteDance, fails to sell it within a year. The lawsuit, which was filed on Tuesday , argues that the bill violates the U.S. Constitution. TikTok...
Inside Mercury’s competitive push into software and Ramp’s potential M&A targets | TechCrunch
Welcome to TechCrunch Fintech ! This week, we’re looking at Mercury’s latest expansions, wallet-as-a-service startup Ansa’s raise and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8 a.m. PT,...
Jumia is back, growing total sales and orders in Q1 2024 | TechCrunch
Jumia’s revenue and gross merchandise volume showed growth despite a decrease in quarterly active customers, according to its Q1 2024 report. Revenue increased by 19% year-over-year (57% in constant currency) to $48.9 million, while GMV surged by 5% year-over-year...
What we learned from the indictment of LockBit’s mastermind | TechCrunch
On Tuesday, U.S. and U.K. authorities revealed that the mastermind behind LockBit, one of the most prolific and damaging ransomware groups in history, is a 31-year-old Russian named Dmitry Yuryevich Khoroshev , aka “LockbitSupp.” As it’s customary in these types of...
India’s Oyo, once valued at $10 billion, seeks new funding at 70% discount | TechCrunch
Oyo, the Indian budget-hotel chain startup, is negotiating with investors to raise a new round of funding that could cut the Indian firm’s valuation to $3 billion or lower, three sources familiar with the matter told TechCrunch. The startup is engaging with investors,...
A comprehensive list of 2024 tech layoffs | TechCrunch
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023 , this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi . Companies like Tesla , Amazon ,...
Bedrock Studio is Amazon’s attempt to simplify generative AI app development | TechCrunch
Amazon is launching a new tool, Bedrock Studio , designed to let organizations experiment with generative AI models, collaborate on those models, and ultimately build generative AI-powered apps. Available in public preview starting today, the web-based Bedrock Studio...
Crypto? AI? Internet co-creator Robert Kahn already did it… decades ago | TechCrunch
Robert Kahn has been a consistent presence on the Internet since its creation — obviously, since he was its co-creator. But like many tech pioneers his resumé is longer than that and in fact his work prefigured such ostensibly modern ideas as AI agents and blockchain....
Mark David Chapman Fast Facts
Here’s a look at the life of Mark David Chapman, who was convicted of murdering musician John Lennon. Personal Birth date: May 10, 1955 Birth place: Fort Worth, Texas Birth name: Mark David Chapman Father: David Chapman, former sergeant, US Air Force Mother: Diane...
What you should know if there’s no sexual attraction for your partner, according to a therapist
A lot of heterosexual male clients are coming into my practice admitting they picked their partner without considering sexual attraction. During couples therapy sessions with his partner in the room, the man will claim that he doesn’t know why he isn’t experiencing...