Monday, August 12, 2024

TechCrunch Minute: Trade My Spin takes the pain out of selling used Pelotons

If you’re looking to buy or sell a used Peloton bike, a startup called Trade My Spin could be the solution. In theory, you don’t need a whole separate marketplace to do this. And yes, you can definitely buy or sell a bike on Facebook or Craigslist already. But Trade My Spin’s CEO Ari Kimmelfeld […]

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Apple says Patreon must switch to its billing system or risk removal from App Store

Apple has threatened to remove crowdfunding app Patreon from the App Store if creators continue to use unsupported third-party billing options or disable transactions on iOS, instead of using Apple’s own in-app purchasing system. In a blog post and email to Patreon creators about upcoming changes to membership in the iOS app, the company says […]

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Conduit’s cross-border payments expand from LatAm into Africa with $6M round

Cross-border payments for businesses in emerging markets remain significantly untapped, despite small to large businesses using banks and legacy fintechs to transact trillions of dollars in transaction volume annually.  A report by Airwallex forecasts that the value of cross-border payments will grow by 60%, reaching $250 trillion by 2027. Between 2018 and 2022, the value […]

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Bharti will become BT’s biggest shareholder after buying a 25%, $4B stake from Altice

BT, the U.K.’s former incumbent telecoms carrier, is picking up a major new investor today as telecoms companies look for stronger footing in the rapidly-shifting technology and communications market. Bharti, the Indian tech and telecoms giant that owns Airtel among other assets, said it would purchase a 24.5% stake currently owned by Altice. Based on […]

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Oyo valuation crashes over 75% in new funding

The valuation of Oyo, once India’s second-most valuable startup at $10 billion, has dipped to $2.4 billion in a new funding round, multiple sources told TechCrunch. The Gurugram-headquartered startup, which operates a chain of budget hotels, has raised $173.5 million in a Series G funding. Patient Capital, run by Oyo founder and chief executive Ritesh […]


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Sunday, August 11, 2024

Elon Musk’s X targeted with nine privacy complaints after grabbing EU users’ data for training Grok

X, the social media platform owned by Elon Musk, has been targeted with a series of privacy complaints after it helped itself to the data of users in the European Union for training AI models without asking people’s consent. Late last month an eagle-eyed social media user spotted a setting indicating that X had quietly […]

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How CNH’s ‘black belt’ M&A head makes deals

Heavy equipment manufacturer CNH Industrial has a long history of mergers and acquisitions, at times supervising legendary brands like Ferrari. But five years ago, as agtech was booming, the global giant was struggling to tap into the startup scene.  The conglomerate turned to one of its longest-tenured executives, a swashbuckling Italian businessman named Michele Lombardi. […]

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Oyo valuation crashes over 75% in new funding

The valuation of Oyo, once India’s second-most valuable startup at $10 billion, has dipped to $2.4 billion in a new funding round. The Gurugram-headquartered startup has raised $173.5 million in a Series G funding round. InCred Wealth, Patient Capital and J&A Partners invested in the new round. TechCrunch reported in May that Oyo was seeking […]

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Saturday, August 10, 2024

Turkey restores access to Instagram

Turkey appears to have restored access to Meta-owned Instagram, after blocking the app on August 2.  Abdulkadir Uraloglu, the country’s minister of transport and infrastructure, posted today that the ban would be lifted at 9:30pm Turkish time.  Cybersecurity monitor NetBlocks says, “Live metrics show that Instagram is being gradually restored on internet providers in #Turkey […]

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