Thursday, October 12, 2023

Microsoft faces $28.9 billion tax bill in ongoing audit dispute

Microsoft says that it’s facing a hefty tax bill over historical accounting practices dating back nearly twenty years. In a filing yesterday with the Securities and Exchange Commission (SEC), the company confirmed that the Internal Revenue Service (IRS) has arrived at a figure of $28.9 billion — plus penalties and interest — that Microsoft allegedly […]

Posted from: this blog via Microsoft Power Automate.

Share:

CRED in talks to acquire mutual fund startup Kuvera

CRED is in talks to acquire Kuvera, a startup that operates an online wealth management platform, a source familiar with the matter told TechCrunch, in what is a sign of the Indian fintech giant’s growing interest in the lucrative category of mutual funds. The acquisition deliberations are ongoing and a deal could finalize within weeks, […]

Posted from: this blog via Microsoft Power Automate.

Share:

Linda Yaccarino responds to EU: 700 Community Notes, 5K+ images shared on Israel-Hamas war, “thousands” of pieces of content removed

X, the social platform formerly known as Twitter, came under fire earlier this week in Europe, when European Commissioner Thierry Breton sent a stark open letter to the company warning it of its failure to clamp down on disinformation and illegal content on the platform circulating in the aftermath of the deadly Hamas terrorist attack […]

Posted from: this blog via Microsoft Power Automate.

Share:

Wednesday, October 11, 2023

10 Minute School aims to democratize education for Bangladeshi students

Access to education in Bangladesh is filled with inequalities, say the founders of edtech 10 Minute School. Many rural areas don’t have good learning centers and as a result, students travel to capital Dhaka to prepare for their university admission exams. That option, however, is only available to families who have the financial means. Originally […]

Posted from: this blog via Microsoft Power Automate.

Share:

Twitch adds anti-harassment features to stop banned users from watching streams

Twitch streamers can finally block banned users from watching their streams, thanks to a recent update to the platform’s anti-harassment features. Twitch first announced the feature in August. Though tools to prevent banned users from participating in a stream’s chat have existed for years, streamers could do little from preventing banned users from actually watching […]

Posted from: this blog via Microsoft Power Automate.

Share:

UK regulator launches antitrust investigation into $19B Vodafone/Three mobile merger

When Vodafone and Hutchison-owned Three in the U.K. announced their plan to merge in a non-cash deal to create a $19B mega mobile operator in June of this year, we noted that it would likely face a sizeable regulatory hurdle. The next chapter in that story opened up today: the country’s Competition and Markets Authority, […]

Posted from: this blog via Microsoft Power Automate.

Share:

SBF started a $2 billion venture fund using Alameda loans

On January 14, 2022, former crypto mogul Sam Bankman-Fried tweeted: “First, we’re launching a $2 billion venture fund, FTX Ventures. As a founder, it’s important to support other founders creating great companies. Hopefully this will allow us to do that a lot more.” A noble goal, to be sure. But rather than raise capital for […]

Posted from: this blog via Microsoft Power Automate.

Share:

AI revolutionizing MRI scans — A Munich startup banked $32M to scan eggs, and says humans are next

Germany, France, and Italy are among the countries which last year enacted laws to stop the practice of culling male day-old chicks, because, as they do not lay eggs, are considered surplus to requirements. This was not just because of the waste created but also out of animal welfare and ethical considerations. The laws were […]

Posted from: this blog via Microsoft Power Automate.

Share:

What drove online used car marketplace Shift to file for bankruptcy

Shift Technologies, the San Francisco-based online used car startup turned publicly traded company, filed this week for Chapter 11 bankruptcy. The short story, according to recent filings, is that the company’s deteriorating cash position and inability to obtain further financing drove the company to file for bankruptcy and begin the process of closing down the […]


http://dlvr.it/SxH6n8
Share:

SumUp’s valuation falls as low as $4.1B, as Groupon and others sell off their stakes

Adyen lost $13 billion in market cap last month when investors scrambled to sell shares after the payments company missed quarterly revenue targets. But it’s not the only one facing the music in fintech. Shares in SumUp, a privately-held European payment technology business that focuses on point-of-sale transactions, are currently being sold in inside sales […]


http://dlvr.it/SxH6hZ
Share:

Cash-strapped EV maker Arrival lays off yet more workers

Arrival just warned investors that it’s slashing its workforce yet again. The electric van maker said on Tuesday that it “took actions” on October 5 to “further reduce” costs. Those actions include letting go of “up to approximately 25%” of its workers, the company stated in a letter to investors. Arrival last announced layoffs in […]


http://dlvr.it/SxH6VC
Share:

Tuesday, October 10, 2023

Recs is a social ‘wallet’ for stashing and sharing your favorite places

The most popular apps suck us into the technological equivalent of couch lock, but it’s easy to imagine how things might have gone differently. Rather than idly scrolling and mindlessly issuing likes into the void, social media could — and, at its best, does — empower us to connect beyond its virtual confines. It’s not […]

Posted from: this blog via Microsoft Power Automate.

Share:

WM Motor’s bankruptcy highlights challenges faced by EV startups in China

Chinese electric vehicle startup WM Motor has filed for bankruptcy, an example of yet another once-promising EV upstart that has been pushed to insolvency as bigger players gain market share and Chinese spending on big ticket items dwindles. WM Motor, backed by Baidu and Tencent, was one of the most well-funded EV startups in China, […]

Posted from: this blog via Microsoft Power Automate.

Share:

Evolution Space to build solid rocket motor testing center at NASA Stennis

Mojave, California-based Evolution Space has a new deal with NASA to begin building a solid propulsion center and solid rocket motor testing at the agency’s Stennis Space Center, which will see former facilities repurposed into Evolution’s “Space Propulsion Center.” Evolution plans on repurposing former facilities that were part of the Mississippi Army Ammunition Plant, which […]

Posted from: this blog via Microsoft Power Automate.

Share: