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Meghan Markle Expands Her Angel Investment Portfolio with Healthcare Focus

Meghan Markle Expands Her Angel Investment Portfolio with Healthcare Focus

Meghan Markle has made headlines as she invests in the healthcare startup Midi, which provides virtual treatment for women dealing with menopause and related health issues. She participated in the company's $63 million Series B funding round alongside notable investors like Laurene Powell Jobs and Tory Burch. Since moving to the U.S. five years ago, Markle has built an angel investment portfolio focusing on sectors such as consumer, fintech, and edtech, prioritizing companies with female founders. Her portfolio now includes over ten companies, including Clevr and Highbrow Hippie.

Created at: April 10, 2025 5:00pm

Sydney Thomas’s Symphonic Capital Secures $13.5M for First Fund

Sydney Thomas’s Symphonic Capital Secures $13.5M for First Fund

Symphonic Capital has successfully raised $13.5 million for its inaugural fund aimed at investing in early-stage companies. Founded by Sydney Thomas in 2022, the firm focuses on supporting diverse founders outside the Bay Area, particularly in healthcare and financial services. Initial investment checks will average $250,000. The fund's mission emphasizes equitable access to healthcare and financial freedom, irrespective of race, gender, or ethnicity. Thomas expressed pride in having a community of like-minded investors committed to building a more equitable future.

Created at: April 10, 2025 4:30pm

Ominimo Secures €10 Million Investment from Zurich, Valued at $220M

Ominimo Secures €10 Million Investment from Zurich, Valued at $220M

Poland-based insurtech Ominimo has announced its first external funding round, securing €10 million from Zurich Insurance Group, which values the company at $220 million. Launched just a year ago, Ominimo specializes in car insurance and has already signed 300,000 policies in Hungary. The company aims to expand into new markets, including Poland and Sweden, while innovating its risk assessment through AI-driven analytics. CEO Dusan Komar emphasizes attracting top talent by allowing engineers to redefine insurance processes. This investment reflects Zurich's strategy to diversify its retail offerings in Europe.

Created at: April 10, 2025 11:00am

DIG Ventures Secures $100M Fund to Invest in Early-Stage European Startups

DIG Ventures Secures $100M Fund to Invest in Early-Stage European Startups

DIG Ventures has launched its second fund, raising $100 million to target B2B SaaS, AI, and cloud infrastructure startups in Europe and beyond. Founded by Ross Mason and Melissa Klinger, the fund aims to leverage the team's operator backgrounds to enhance founder engagement and execution strategies. Key backers include prominent investors such as The Hillman Company and Datadog's Olivier Pomel. With investments already made in companies like Dash0 and Nexos.ai, DIG Ventures positions itself as a pivotal player in the evolving European venture capital landscape.

Created at: April 10, 2025 4:00am

Apple Faces Price Hikes as Trump's Tariffs on China Reach 125%

Apple Faces Price Hikes as Trump's Tariffs on China Reach 125%

Apple is bracing for significant price increases across its product range due to President Trump's tariffs on Chinese imports, now set at 125%. Despite a temporary 90-day pause, China remains excluded, impacting Apple's manufacturing operations. Major products like the iPhone 16 series, various iPad models, and Mac computers are expected to be affected. Meanwhile, Apple is stockpiling devices in the US to mitigate these tariffs but cannot avoid future price hikes. Other tech companies are also adjusting product releases and sales strategies in response to these economic changes.

Created at: April 10, 2025 2:30am

Canoo CEO Cleared to Acquire Bankrupt EV Startup's Assets

Canoo CEO Cleared to Acquire Bankrupt EV Startup's Assets

A judge has approved Canoo CEO Anthony Aquila's acquisition of the bankrupt EV startup's assets for approximately $4 million. Despite objections regarding the fairness of the sale process, Judge Brendan Shannon ruled that no other bids were made. Aquila aims to continue offering services to former clients like NASA and the Department of Defense. The case highlights ongoing challenges in the EV sector, with several startups facing bankruptcy. Canoo's situation is further complicated by legal disputes over trade secrets with rival Harbinger, which objects to the sale's terms.

Created at: April 9, 2025 7:00pm

Kalshi CEO Defends Sports Betting Operations Against State Lawsuits

Kalshi CEO Defends Sports Betting Operations Against State Lawsuits

Kalshi, a prediction market startup, has filed lawsuits against New Jersey and Nevada, arguing that state gaming laws do not apply to its federally regulated platform. CEO Tarek Mansour emphasized their federal licensing during a StrictlyVC event, stating that state regulators are motivated by a casino lobby's dissatisfaction. Recently, Kalshi won a legal victory in Nevada, allowing it to continue operations there. The startup, valued at $787 million, aims to establish itself in the sports betting market, leveraging its unique prediction markets that offer insights into events like political outcomes and sports results.

Created at: April 9, 2025 5:00pm

Amazon Haul Shifts Focus Amid Trump Tariffs: A New Era for E-Commerce

Amazon Haul Shifts Focus Amid Trump Tariffs: A New Era for E-Commerce

Amazon is set to change its e-commerce strategy for the Amazon Haul app due to new tariffs imposed by President Trump on imported goods, particularly from China. The platform, originally aimed at providing low-cost products from Chinese warehouses, will now prioritize items available from US warehouses, including brands like Gap and Adidas. This shift comes as Amazon seeks to remain competitive against rivals like Temu and Shein. The impact of these tariffs is significant, particularly for the tech industry, which heavily relies on foreign manufacturing. Amazon's adjustments reflect broader trends in US-China trade tensions.

Created at: April 9, 2025 3:00am

US DOJ Disbands NCET Crypto Scam Unit, Shifts Towards Blockchain-Friendly Policies

US DOJ Disbands NCET Crypto Scam Unit, Shifts Towards Blockchain-Friendly Policies

The US Department of Justice has disbanded its National Cryptocurrency Enforcement Team (NCET) after four years, aligning with a new blockchain-friendly focus advocated by the Trump administration. The NCET had previously targeted crypto crimes including fraud and money laundering, successfully prosecuting several high-profile cases. Deputy Attorney General Todd Blanche indicated that the DOJ will now concentrate on illegal crypto operations that harm investors, while easing regulatory scrutiny. This shift comes as the SEC also adopts a more welcoming stance towards the cryptocurrency industry.

Created at: April 9, 2025 2:30am

Trump Claims Apple Can 'Absolutely' Move iPhone Manufacturing Back to the US

Trump Claims Apple Can 'Absolutely' Move iPhone Manufacturing Back to the US

In a recent press briefing, President Trump expressed confidence that Apple could relocate its iPhone manufacturing to the United States. As tariffs on imported goods take effect, Apple faces significant operational challenges. Trump's Press Secretary, Karoline Leavitt, emphasized the company's resources and workforce capabilities to make this transition feasible. Apple has already invested $500 billion in the US, indicating its commitment to domestic production. However, the tech industry is bracing for higher costs and logistical challenges as companies adapt to the new tariff landscape.

Created at: April 9, 2025 1:30am

Turkey's Sipay Secures $78M Funding to Propel Fintech Expansion

Turkey's Sipay Secures $78M Funding to Propel Fintech Expansion

Sipay, a Turkish fintech company, has successfully raised $78 million in a Series B funding round, achieving a valuation of $875 million. This capital will enable Sipay to expand its services beyond Turkey, focusing on remittances and other offerings currently lacking in these regions. The funding round was led by Elephant VC and included participation from QuantumLight. Founded in 2019, Sipay serves 6.3 million wallet users and 25,000 merchants, boasting a 5x revenue growth year-on-year. The company has been profitable since 2023, projecting run-rate revenue of $600 million.

Created at: April 8, 2025 9:30am

Apple Races to Stockpile iPhones, Flying Planes from India and China Amid Tariff Threats

Apple Races to Stockpile iPhones, Flying Planes from India and China Amid Tariff Threats

Apple is reportedly responding to looming tariffs imposed by the Trump administration by airlifting iPhones from its manufacturing bases in India and China. Senior Indian officials disclosed that Apple has already dispatched five planes filled with iPhones to the US to mitigate the impact of a 10% import tax that took effect on April 5. The situation is set to worsen on April 9, when tariffs on imports from India will rise to 27% and those from China will soar to 54%. Although this strategy may temporarily buffer prices for the upcoming iPhone 17 series, other products, like Macs, are expected to be adversely affected.

Created at: April 8, 2025 3:30am

False Tweet on Trump Tariffs Causes Stock Market Turmoil

False Tweet on Trump Tariffs Causes Stock Market Turmoil

A false tweet from the Walter Bloomberg account on X incorrectly claimed that President Trump was considering a 90-day pause on tariffs, sparking chaos on Wall Street. Despite the account's reputation for reliable news, the tweet led to significant volatility in index funds like the Dow Jones. The White House quickly denied the report, clarifying that no such statements were made. The erroneous information originated from miscommunication between CNBC and Reuters, which both retracted their reports. Walter Bloomberg has not yet responded to inquiries regarding this incident.

Created at: April 7, 2025 9:30pm

Flexport CEO Ryan Petersen Navigates Tariff Turmoil with Customers

Flexport CEO Ryan Petersen Navigates Tariff Turmoil with Customers

In the wake of President Trump's new tariffs, Flexport CEO Ryan Petersen addressed over 2,300 customers, explaining the profound impact on U.S. importers. Tariffs as high as 79% on Chinese goods and a 46% tariff on Vietnam's products are causing chaos in global trade. Petersen emphasized the importance of calm leadership during crises, stating that Flexport is committed to providing stability and guidance. With impending port fees for Chinese-built ships, the logistics landscape remains in flux. Despite the turmoil, Petersen believes these changes could lead to a restructured global supply chain.

Created at: April 7, 2025 9:00pm

Trevor Milton Pursues Nikola's Assets Amid Bankruptcy Drama

Trevor Milton Pursues Nikola's Assets Amid Bankruptcy Drama

Trevor Milton, the founder of Nikola, is attempting to acquire the assets of his bankrupt company after being pardoned for securities fraud. Nikola filed for Chapter 11 bankruptcy in February and plans to sell its business soon. Milton's bid faced resistance, including a prohibition on inspecting the Coolidge factory where the assets are located. A judge has dismissed the notion that Milton's interest is anything more than a publicity stunt. Meanwhile, the court will hold an auction to assess the highest bid for Nikola's assets, with a deadline for submissions already passed.

Created at: April 7, 2025 9:00pm

Analyst Warns of Tariff Fallout for Apple and Tesla Amid Trump's Policies

Analyst Warns of Tariff Fallout for Apple and Tesla Amid Trump's Policies

Dan Ives from Wedbush Securities has downgraded price targets for Apple and Tesla due to President Trump's tariffs. He highlighted Apple's significant reliance on Chinese production, predicting a sharp decline in stock value. Apple's target was cut to $250 from $325, with shares dropping 4.3% to $180. Meanwhile, Tesla's target fell to $315, despite the current price being $233.94. Ives also noted that Elon Musk's political ties are damaging Tesla's reputation and sales, particularly in China, where local brands like BYD are gaining traction.

Created at: April 7, 2025 6:30pm

iPhone 16 Pro Max Prices Could Skyrocket to $2,300 Due to New Tariffs

iPhone 16 Pro Max Prices Could Skyrocket to $2,300 Due to New Tariffs

Analysts are warning that the iPhone 16 Pro Max may see a staggering price increase, potentially reaching $2,300, driven by new tariffs imposed by the Trump administration on imports. The tariffs could inflate prices of certain models by up to 43%, with the budget iPhone 16 expected to rise from $799 to around $1,142. Apple has yet to disclose whether it will absorb these costs or pass them on to consumers. Investors are growing anxious, as even slight price hikes could affect sales and stock performance. Upcoming product launches will be closely watched by Wall Street.

Created at: April 5, 2025 5:27pm

iPhone 16 Pro Max Prices Could Hit $2,300 Due to New Tariffs

iPhone 16 Pro Max Prices Could Hit $2,300 Due to New Tariffs

Analysts warn that Apple's iPhone 16 Pro Max may see prices soar to nearly $2,300 amid new tariffs imposed by the Trump administration. This price hike, which could reach 43% according to financial forecasts, may affect the entire iPhone lineup. The budget model could rise from $799 to approximately $1,142. Apple has yet to decide whether to absorb these costs or pass them onto consumers, which could influence investor sentiment and sales projections. The upcoming pricing strategy is crucial as it approaches the next product launch cycle later this year.

Created at: April 5, 2025 5:27pm

iPhone 16 Pro Max Prices Could Skyrocket to $2,300 Due to Tariffs

iPhone 16 Pro Max Prices Could Skyrocket to $2,300 Due to Tariffs

Analysts warn that Apple's upcoming iPhone 16 Pro Max may see unprecedented price hikes, potentially reaching $2,300. This surge is attributed to new tariffs imposed by the Trump administration targeting imports from China. If these tariffs are fully passed on to consumers, the budget iPhone 16 could rise from $799 to about $1,142. Apple's decision on absorbing these costs remains uncertain, causing investor anxiety regarding future sales and stock performance. As the tariff implementation approaches, consumers should brace for higher prices on premium iPhone models.

Created at: April 5, 2025 5:27pm

iPhone 16 Pro Max Prices Could Skyrocket to $2,300 Amid New Tariffs

iPhone 16 Pro Max Prices Could Skyrocket to $2,300 Amid New Tariffs

Analysts warn that Apple’s iPhone 16 Pro Max could see unprecedented price hikes due to recent tariffs imposed by the Trump administration. The high-end model may retail for nearly $2,300, a significant jump from its current price. The tariffs, aimed at items from China, could lead to price increases as high as 43%. Apple's decision to absorb these costs or pass them to consumers remains uncertain, raising concerns among investors about potential impacts on sales and stock performance. Buyers may need to brace for higher costs in the coming product launch cycle.

Created at: April 5, 2025 5:27pm

iPhone 16 Pro Max Could Hit $2,300 Price Tag Due to New Tariffs

iPhone 16 Pro Max Could Hit $2,300 Price Tag Due to New Tariffs

Analysts have warned that the upcoming iPhone 16 Pro Max may see a substantial price increase, potentially reaching $2,300 due to new tariffs imposed by the Trump administration. The tariffs target imports from China, which could lead to a 43% hike in costs for certain iPhone models. The budget version may increase from $799 to about $1,142. Apple has yet to decide if it will absorb these costs or pass them onto consumers. Investors are anxious, as even slight price hikes could impact sales and stock performance. The tech giant's pricing strategy will be closely watched in the coming months.

Created at: April 5, 2025 5:27pm

Klarna and StubHub Postpone IPOs Amid Trump Tariff Turmoil

Klarna and StubHub Postpone IPOs Amid Trump Tariff Turmoil

Klarna and StubHub have decided to delay their highly anticipated IPOs as public stock markets plummet following President Trump's announcement of sweeping tariffs. Both companies had recently submitted public documents aiming to raise over $1 billion each. They were scheduled to begin their investor road shows next week, but sources indicate a pause on these plans due to market instability. Both firms have chosen not to comment on the situation when approached by TechCrunch.

Created at: April 5, 2025 5:26pm

Klarna and StubHub Delay IPOs Amid Trump Tariff Turmoil

Klarna and StubHub Delay IPOs Amid Trump Tariff Turmoil

Klarna and StubHub have postponed their highly anticipated IPOs due to the turbulence in public stock markets following President Trump's recent tariff announcements. Both companies had filed public documents for their IPOs last month and were aiming to raise over $1 billion each. They were scheduled to begin roadshows next week to attract potential investors but opted to hit the pause button instead. Sources indicate that the current market instability played a significant role in their decision. Both firms declined to comment on the situation.

Created at: April 5, 2025 5:26pm

Klarna and StubHub Delay IPOs Amid Tariff Turmoil

Klarna and StubHub Delay IPOs Amid Tariff Turmoil

Klarna and StubHub have postponed their highly anticipated IPOs following President Trump's announcement of sweeping tariffs, which caused public stock markets to plunge. Both companies had recently filed for their IPOs, aiming to raise over $1 billion each. They were scheduled to begin their investor road shows next week but decided to pause due to the current market instability. Neither company has commented on the situation, leaving investors anxious about future plans.

Created at: April 5, 2025 5:26pm

Klarna and StubHub Postpone IPOs Amid Trump Tariff Uncertainty

Klarna and StubHub Postpone IPOs Amid Trump Tariff Uncertainty

Klarna and StubHub have decided to delay their highly anticipated IPOs due to the turmoil in public stock markets following President Trump's announcement of sweeping tariffs. Both companies had previously filed public documents and were aiming to raise at least $1 billion each. Their road shows were scheduled for next week, but sources indicate that the ongoing market instability prompted this pause. Neither company has commented on the situation as uncertainty looms over their future plans.

Created at: April 5, 2025 5:26pm

Klarna and StubHub Postpone IPOs Amid Tariff Turmoil

Klarna and StubHub Postpone IPOs Amid Tariff Turmoil

Klarna and StubHub have decided to delay their planned IPOs due to recent announcements of sweeping tariffs by President Trump, which have caused instability in public stock markets. Both companies had submitted public documents last month, aiming to raise over $1 billion each. Their road shows were scheduled for next week to engage potential investors, but the current market conditions prompted them to hit pause. Neither Klarna nor StubHub has commented on the situation, leaving investors eager for updates.

Created at: April 5, 2025 5:26pm

Rippling's Corporate Espionage Drama Unfolds Like a Movie Script

Rippling's Corporate Espionage Drama Unfolds Like a Movie Script

Rippling, an HR tech startup, has made headlines this week by publicly releasing an affidavit from a former employee accused of espionage for rival Deel. The lawsuit and subsequent revelations have drawn comparisons to a Hollywood thriller, captivating audiences with its dramatic twists. In other news, EV manufacturer Harbinger has accused Canoo of asset concealment during bankruptcy proceedings. Qualcomm acquired VinAI's generative AI division, while Epic Games has bought Loci, enhancing its 3D asset management capabilities. Funding rounds also saw significant movements, with Isomorphic Labs securing $600 million in a major deal.

Created at: April 5, 2025 5:26pm

Rippling's Espionage Saga Inspires Hollywood: Startups Weekly Recap

Rippling's Espionage Saga Inspires Hollywood: Startups Weekly Recap

This week in the startup world, Rippling made headlines by releasing an affidavit from a former employee accused of corporate espionage, potentially catching the eye of Hollywood producers. Meanwhile, EV truck maker Harbinger raised concerns about Canoo's bankruptcy proceedings, alleging asset concealment. Qualcomm acquired VinAI's generative AI division, while Epic Games bought Loci, an AI tagging platform. Notable funding rounds included Isomorphic Labs' $600 million raise and Plaid's $575 million at a reduced valuation, signaling a dynamic shift in the fintech landscape.

Created at: April 5, 2025 5:26pm

Kalshi Takes Prediction Markets Mainstream Amid Controversy

Kalshi Takes Prediction Markets Mainstream Amid Controversy

Kalshi, the leading prediction market in the U.S., is reshaping how people engage with political, sports, and cultural events through a trading economy. While some states view it as an illegal gambling operation requiring special licenses, others see it as a promising financial opportunity. CEO Tarek Mansour shared his views in a recent interview, emphasizing Kalshi's role as a global source of truth. The platform continues to spark debate over legality and ethics in the evolving landscape of financial markets.

Created at: April 5, 2025 5:25pm

Kalshi: The Rise of Prediction Markets in America

Kalshi: The Rise of Prediction Markets in America

Kalshi, America’s largest prediction market, is revolutionizing the trading landscape by allowing bets on political, sports, and cultural events. Despite facing legal challenges and gambling license requirements in several states, CEO Tarek Mansour argues that Kalshi serves as a vital financial opportunity and a global source of truth. This innovative platform is attracting attention from various stakeholders, including courts and political figures. As the debate around its legality continues, Kalshi aims to mainstream prediction markets in the U.S.

Created at: April 5, 2025 5:25pm

Kalshi: Making Prediction Markets a Mainstream Financial Opportunity

Kalshi: Making Prediction Markets a Mainstream Financial Opportunity

Kalshi has emerged as America's leading prediction market, facilitating a trading ecosystem centered on political, sports, and cultural events. While some states view its operations as illegal and in need of gambling licenses, others see it as a fresh financial avenue. CEO Tarek Mansour discusses in a recent TechCrunch interview how Kalshi serves as a global source of truth in the evolving financial landscape. This innovation is reshaping perspectives on market predictions and financial engagements across various sectors.

Created at: April 5, 2025 5:25pm

Kalshi: Shaping the Future of Prediction Markets

Kalshi: Shaping the Future of Prediction Markets

Kalshi has emerged as America's largest prediction market, establishing a trading economy focused on political, sports, and cultural events. While some states view it as an illegal venture needing gambling licenses, others, including certain courts and Trump administration members, see it as a financial opportunity. CEO Tarek Mansour discusses Kalshi's role as a global source of truth in a recent interview. The platform aims to democratize access to prediction markets, despite regulatory challenges. This innovative approach could redefine how people engage with event outcomes.

Created at: April 5, 2025 5:25pm

Kalshi: Pioneering the Future of Prediction Markets in America

Kalshi: Pioneering the Future of Prediction Markets in America

Kalshi has emerged as the leading prediction market in the United States, facilitating a trading economy around various events, including politics and sports. While some states view it as an illegal gambling operation requiring licenses, others see it as a novel financial opportunity. CEO Tarek Mansour discusses Kalshi's vision as a global source of truth in a recent interview. The platform's growth highlights the evolving landscape of financial markets and the legal challenges that accompany innovation. As it gains traction, Kalshi is redefining how people engage with predictions.

Created at: April 5, 2025 5:25pm

Tesla Faces Challenges Amid Tariff Chaos and Declining Sales

Tesla Faces Challenges Amid Tariff Chaos and Declining Sales

Tesla is experiencing significant difficulties, including a drop in Q1 sales and protests against the company. CEO Elon Musk's political ties and controversial leadership have impacted public perception, while automakers capitalize on Tesla's struggles with attractive trade-in offers. Recent tariffs announced by President Trump may provide some relief, but their effect on Tesla's energy-storage business remains uncertain. Meanwhile, EV startups like Harbinger and EVident Battery are making strides in production and funding, showcasing the evolving landscape of electric vehicles.

Created at: April 5, 2025 5:24pm

Nintendo Launches Anticipated Switch 2 Amid Preorder Delays

Nintendo Launches Anticipated Switch 2 Amid Preorder Delays

Nintendo has officially unveiled its long-awaited successor to the original Switch, the Switch 2, priced at $450. The new console aims to enhance the beloved gaming experience, but U.S. preorders may face delays due to Trump-era tariffs. In other news, OpenAI's Sam Altman revealed potential product delays linked to its new image-generating tool. Meanwhile, Amazon introduced Nova Act, an AI agent to streamline online shopping. Additionally, Zelle is set to shut down its app, while Plaid's stock sale values the company at $6.1 billion, down from its previous $13.4 billion valuation.

Created at: April 5, 2025 5:24pm

Apple Card's Payment Network Battle: Visa, Amex, and Mastercard Compete

Apple Card's Payment Network Battle: Visa, Amex, and Mastercard Compete

In a significant development for the Apple Card, reports indicate that Visa, American Express, and Mastercard are vying to become the new payment network partner as Apple seeks to part ways with Goldman Sachs. Visa has made a strong pitch, offering $100 million upfront, while American Express proposes to serve as both issuer and network provider. Despite these offers, Mastercard is also lobbying to retain its partnership. This transition is crucial for Apple before it can officially end its relationship with Goldman Sachs, which has faced financial losses in its collaboration with Apple since the card's launch.

Created at: April 2, 2025 3:00am

Open Ledger Launches PokéTax: Making Tax Filing Fun

Open Ledger Launches PokéTax: Making Tax Filing Fun

Open Ledger has introduced PokéTax, an innovative game designed to transform the tax filing process into an engaging experience. Users face Tax Trainers, akin to gym leaders, who guide them through various tax components. Upon completing the game, players are directed to the IRS Direct File site for submission. Co-founder Pryce Adade-Yebesi confirmed that this is not a prank, emphasizing its functionality. The game features an AI assistant and rewards players with badges for discovering deductions. With taxes due on April 14th, this creative approach aims to make a typically tedious process more enjoyable.

Created at: April 1, 2025 8:00pm

Andreessen Horowitz in Talks to Invest in TikTok Amid Potential US Ban

Andreessen Horowitz in Talks to Invest in TikTok Amid Potential US Ban

Andreessen Horowitz is reportedly negotiating to invest in TikTok alongside Oracle and other American investors, aiming to acquire the platform from its Chinese parent company, ByteDance. This move comes as TikTok faces a looming ban in the US effective April 5th unless ownership shifts to a non-Chinese entity. The Financial Times identifies the Oracle-led bid as a leading contender. Andreessen Horowitz, known for its early investments in major social media platforms, has not yet commented on the matter.

Created at: April 1, 2025 8:00pm

Zelle Discontinues Standalone App Amidst User Shift to Banks

Zelle Discontinues Standalone App Amidst User Shift to Banks

Zelle announced the closure of its standalone app, effective Tuesday, due to its limited usage. With only 2% of transactions occurring through the app, most users prefer accessing Zelle via their banks for convenience. Those who relied on the app will need to re-enroll through financial institutions. Launched in 2017, Zelle has facilitated $1 trillion in payments in 2024, primarily for larger transactions like rent. This decision reflects the company's focus on optimizing resources and enhancing user experience through bank integrations.

Created at: April 1, 2025 6:00pm

CaaStle Faces Financial Troubles Amid CEO Resignation

CaaStle Faces Financial Troubles Amid CEO Resignation

CaaStle, a fashion startup known for its plus-sized clothing subscription service, is reportedly nearing financial collapse. CEO Christine Hunsicker has resigned as the company grapples with severe monetary issues, and law enforcement is investigating alleged financial misconduct. A leaked board letter revealed the dire situation, and the startup's job board shows no open positions, signaling further trouble. With over $530 million raised since its inception, CaaStle last secured $43 million in 2019. Experts warn that 2025 could see an uptick in startup failures.

Created at: March 31, 2025 11:00pm