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49 US Startups Achieve Unicorn Status in 2024 Amidst Tight Capital Market

49 US Startups Achieve Unicorn Status in 2024 Amidst Tight Capital Market

In 2024, 49 American startups have reached unicorn status despite challenging venture capital conditions, according to TechCrunch. Notable entrants include Elon Musk's xAI, valued at $24 billion, and various companies across AI, health tech, and fintech sectors. Significant funding rounds have been reported, with several companies like Rentberry and Safe Superintelligence achieving valuations of $1 billion or more. This ongoing trend highlights the resilience of innovative startups in the U.S. market. The list will be updated throughout the year to reflect new developments.

Created at: October 24, 2024 7:30pm

Google Introduces AI Photo Editing Disclosure in Google Photos

Google Introduces AI Photo Editing Disclosure in Google Photos

Starting next week, Google Photos will feature a new disclosure indicating when photos have been edited using its AI tools, like Magic Editor and Magic Eraser. This move aims to enhance transparency, but many users may still overlook the notification, as it’s not visually prominent. Photos edited by AI will have a note under the Details section, but there won’t be visible watermarks directly on the images. This change follows criticism of Google’s lack of clear indicators for AI-generated content, highlighting ongoing challenges in discerning authenticity online.

Created at: October 24, 2024 7:30pm

Zero Motorcycles Secures $120 Million in New Funding Round

Zero Motorcycles Secures $120 Million in New Funding Round

Zero Motorcycles is closing in on a funding round exceeding $120 million, as reported in a recent SEC filing. The electric motorcycle company has already raised approximately $100 million from two undisclosed investors. This funding will aid in expansion and the development of new models, although further specifics were not disclosed. This marks Zero's first funding since its $107 million round in 2022. Despite challenges in the electric motorcycle sector, Zero aims to continue innovating and refreshing its offerings annually.

Created at: October 24, 2024 6:30pm

Bluesky Secures $15M Series A Funding, Eyes Subscription Launch

Bluesky Secures $15M Series A Funding, Eyes Subscription Launch

Bluesky, the decentralized social media app, has successfully raised $15 million in a Series A funding round, following its earlier $8 million seed investment. This funding comes amid a surge of approximately 3 million new users, now totaling around 13 million. Bluesky aims to enhance its community and invest in Trust and Safety, while also planning to introduce a subscription model for premium features. Notably, the app will avoid the pitfalls of 'pay-to-win' models seen elsewhere in social media, ensuring a user-centric experience. The round is led by Blockchain Capital, emphasizing a non-crypto focus.

Created at: October 24, 2024 6:00pm

Native Union's Voyage Charger: A Travel Essential for Tech Lovers

Native Union's Voyage Charger: A Travel Essential for Tech Lovers

Native Union has introduced the Voyage charger, a compact gadget designed for travel convenience. This puck-shaped charger features dual Qi2 charging options, accommodating both MagSafe iPhones and Apple Watches. Its versatile design allows for flat or upright charging, enhancing usability. While priced at $100, the Voyage includes a woven USB-C cable and a travel bag. Although some may find it expensive, its space-saving attributes make it a worthy addition to any travel kit. Native Union's innovative approach promises more exciting products in the future.

Created at: October 24, 2024 5:30pm

Wayve Hits San Francisco Streets as Pony.AI Prepares for IPO

Wayve Hits San Francisco Streets as Pony.AI Prepares for IPO

Wayve, the UK-based self-driving startup, has begun testing its autonomous technology in San Francisco, while Pony.AI, backed by Toyota, is moving forward with its IPO following a long ban on capital raising from Beijing. In other developments, Tesla's Elon Musk promises a robotaxi service next year, and the National Highway Traffic Safety Administration investigates Tesla’s Full Self-Driving software after multiple accidents. Additionally, electric vehicle initiatives are gaining traction as Amazon offers gas discounts to Prime members and plans EV charging savings. The transportation sector is witnessing significant innovation and investment growth.

Created at: October 24, 2024 5:30pm

Notion Introduces New Email Client at User Conference

Notion Introduces New Email Client at User Conference

Notion has unveiled its email client, Notion Mail, during the 'Make with Notion' user conference. Currently in preview, it aims to provide a tailored email experience, integrating seamlessly with Notion's productivity suite. Users can expect features like AI-driven email organization and scheduling capabilities linked to Notion Calendar. Notion Mail draws inspiration from recent acquisitions, including Skiff, enhancing security and functionality. A waitlist for early access has been established, though a specific launch date remains unconfirmed. This move signals Notion's commitment to evolving workplace productivity tools.

Created at: October 24, 2024 5:30pm

Alimetry Secures $18 Million to Advance Wearable Tech for Gastric Disorder Diagnosis

Alimetry Secures $18 Million to Advance Wearable Tech for Gastric Disorder Diagnosis

New Zealand-based startup Alimetry has raised $18 million in Series A funding to enhance its wearable device designed for diagnosing gastric disorders. The non-invasive device uses a flexible electrode array to monitor gut electrical activity, with data analyzed via AI to support clinical diagnostics. Alimetry has already secured FDA approvals and plans to expand its market presence in the U.S. The funding will facilitate further commercialization and development of the technology, which could also aid in diagnosing pediatric and colon-related issues in the future.

Created at: October 24, 2024 4:30pm

Apple Scales Back Vision Pro Production Amid Lackluster Sales

Apple Scales Back Vision Pro Production Amid Lackluster Sales

Apple has reportedly reduced production of its Vision Pro headset due to disappointing demand, as revealed in a report from The Information. CEO Tim Cook acknowledged the $3,500 mixed reality device is aimed at early adopters rather than the mass market. Current estimates suggest Apple may struggle to sell 500,000 units in 2024. The slowdown in production is a strategic move to align inventory with demand. Speculation is growing about a more affordable model set for release in 2025, priced around $2,000, which may feature a less advanced processor and materials.

Created at: October 24, 2024 4:30pm

Matt Mullenweg to Speak at TechCrunch Disrupt 2024

Matt Mullenweg to Speak at TechCrunch Disrupt 2024

TechCrunch has announced that Matt Mullenweg, co-founder of WordPress, will be a speaker at TechCrunch Disrupt 2024. Known for creating a platform that powers over 40% of websites, Mullenweg also leads Automattic, valued at $7.5 billion in 2021. His journey from a jazz enthusiast to a prominent figure in open source software highlights significant milestones and challenges, including the recent struggles with Tumblr and a legal dispute with WP Engine. Attendees can expect discussions on the future of WordPress and insights into his entrepreneurial path.

Created at: October 24, 2024 4:30pm

Snapchat Introduces Quick Access Camera Shortcut for iPhone Users

Snapchat Introduces Quick Access Camera Shortcut for iPhone Users

Snapchat has unveiled a new iPhone-exclusive feature allowing users to access its camera directly from the lock screen. With iOS 18 or later, users can replace the flashlight or native camera shortcuts for instant photo capture. This one-touch functionality ensures spontaneous moments are easily captured, although editing and sending require unlocking the device. The update also includes support for iPhone 16's camera control and the ability to customize lock screen settings. This innovation aligns Snapchat with similar features from competitors like Google, further enhancing its position in mobile photography.

Created at: October 24, 2024 3:31pm

Concentric AI Secures $45M to Revolutionize Data Security Management for Enterprises

Concentric AI Secures $45M to Revolutionize Data Security Management for Enterprises

Concentric AI has raised $45 million in a Series B funding round to enhance its data management solutions for enterprises. Founded by cybersecurity veterans, the company addresses the growing challenge of data inventory across disparate storage systems. Concentric’s platform uses AI to identify sensitive data and ensure compliance, providing recommendations for improved security measures. With a client base expanding by 300% year-over-year, Concentric is tapping into a data protection market projected to exceed $500 billion by 2032. The new funds will help scale operations and expand the product portfolio.

Created at: October 24, 2024 3:31pm

Cheers: A New Dating App for Friend-Matchmaking in NYC

Cheers: A New Dating App for Friend-Matchmaking in NYC

Cheers, a new matchmaking app launched in New York City by former Instagram engineer Sahil Ahuja, allows users to play matchmaker for friends while incorporating social media features. Users can swipe profiles, send direct messages, and share unlimited images, enhancing the vetting process by leveraging their social circle. The app promotes authentic connections by requiring invitations from friends and limiting matches to three per day. Utilizing AI for profile setup, Cheers is currently focused on improving its platform with 150 signups and plans for future paid features.

Created at: October 24, 2024 3:30pm

Anthropic Unveils Claude's New Feature for Code Execution

Anthropic Unveils Claude's New Feature for Code Execution

Anthropic has introduced a new analysis tool for its Claude chatbot, allowing it to write and execute JavaScript code. This tool enhances Claude's ability to provide mathematically precise answers by performing calculations and creating interactive visualizations from data files. Product managers can leverage this feature for sales analysis, while engineers can generate financial dashboards. Previously, Claude struggled with accuracy due to the lack of a verification mechanism. The feature is now available to all Claude users on the web, marking a significant advancement in AI capabilities.

Created at: October 24, 2024 3:30pm

Cafeteria Secures $3M to Connect Teens with Brands for Authentic Feedback

Cafeteria Secures $3M to Connect Teens with Brands for Authentic Feedback

Cafeteria, a startup aimed at bridging brands and teenagers, has raised $3 million led by Collaborative Fund. The newly launched iOS app allows teens to provide real-time feedback on brands, earning between $5 to $20 per survey. After three months of beta testing in 60 U.S. cities, the app is now live, offering brands insights tailored to Generation Teen. The founding team includes industry veterans, and the company emphasizes privacy by hiding user identities. Cafeteria aims to enhance brand engagement while limiting survey frequency for users.

Created at: October 24, 2024 3:30pm

Grab the SteelSeries Stratus Duo Controller for Just $15!

Grab the SteelSeries Stratus Duo Controller for Just $15!

The SteelSeries Stratus Duo Controller is now available for only $15 at Woot!, providing an incredible opportunity for gamers. This versatile controller is compatible with Android phones, gaming PCs, and more, ensuring a seamless gaming experience. It boasts impressive battery life, offering over 20 hours of playtime on a single charge. The ergonomic design guarantees comfort during long gaming sessions, making it ideal for both traditional and cloud gamers. Don't miss out on this limited-time offer to enhance your gaming setup.

Created at: October 24, 2024 3:01pm

FTC's 'Click to Cancel' Rule Hits Legal Snags as Industry Groups Sue

FTC's 'Click to Cancel' Rule Hits Legal Snags as Industry Groups Sue

The FTC's upcoming 'Click to Cancel' rule is facing legal challenges from three industry groups, including telcos and internet advertisers, who filed a lawsuit in the US Fifth Circuit Appeals Court. These groups claim the regulation is arbitrary and infringes on consumer contracts. The rule aims to simplify subscription cancellations for consumers, addressing deceptive practices prevalent in the industry. If implemented, it would empower users to unsubscribe with a single click, potentially transforming the subscription landscape. The FTC has pledged to impose penalties on companies that engage in hard-to-cancel practices.

Created at: October 24, 2024 3:01pm

TechCrunch Disrupt 2024: Final Countdown to Innovation Hub

TechCrunch Disrupt 2024: Final Countdown to Innovation Hub

TechCrunch Disrupt 2024 is set to take place from October 28-30 at Moscone West in San Francisco, bringing together over 10,000 startup and VC leaders. Attendees can expect to witness innovations from more than 350 startups and gain insights from 250 industry experts across multiple sectors. The event features 200+ interactive sessions and the exciting Startup Battlefield 200 pitch competition, where startups compete for a $100,000 prize. Ticket prices will increase after October 27, so early registration is encouraged to secure savings.

Created at: October 24, 2024 3:00pm

Biden Administration Moves to Safeguard AI from Foreign Threats

Biden Administration Moves to Safeguard AI from Foreign Threats

President Biden is set to sign a memorandum directing intelligence and national security agencies to implement safeguards around AI technologies. The memo emphasizes human oversight in AI applications, especially those used in sensitive areas like asylum decisions and counter-terrorism. It mandates protection of AI research and hardware from foreign espionage and authorizes the AI Safety Institute to evaluate AI tools before deployment. While the order aims to bolster national security, its long-term effectiveness remains uncertain as many deadlines are set to expire after Biden's term ends.

Created at: October 24, 2024 3:00pm

StrictlyVC Debuts at TechCrunch Disrupt 2024: A Must-Attend Investor Session

StrictlyVC Debuts at TechCrunch Disrupt 2024: A Must-Attend Investor Session

StrictlyVC is set to host its inaugural event at TechCrunch Disrupt 2024, providing a unique platform for investors to network and gain insights from industry leaders. Scheduled for October 29 at Moscone West in San Francisco, the session will feature prominent figures such as Aileen Lee and members of The Chainsmokers' venture capital team. This exclusive event is available only to Disrupt 2024 Investor Pass holders, promising invaluable discussions on investment trends. Interested attendees are encouraged to secure their passes early, as ticket prices will increase at the door.

Created at: October 24, 2024 3:00pm

UK Startup RBW Launches Spirit EV: A Classic Twist on Electric Cars

UK Startup RBW Launches Spirit EV: A Classic Twist on Electric Cars

UK startup RBW has unveiled Spirit EV, a new venture aimed at creating classic-style electric vehicles. CEO Peter Swain emphasized the competitive pricing of their hand-built cars, starting at $139,000. Spirit EV will offer design and production services to help other companies develop custom electric cars. The startup is backed by $6 million from Meson Capital Partners and plans to open a factory in Virginia by February 2025. With modern safety features and lower maintenance needs, Spirit aims to captivate the growing market for electric vehicles.

Created at: October 24, 2024 3:00pm

Apple's LTPO3 Display Tech from Watch Series 10 Poised for Future iPhones

Apple's LTPO3 Display Tech from Watch Series 10 Poised for Future iPhones

Industry experts suggest that Apple's LTPO3 display technology, recently featured in the Apple Watch Series 10, could significantly enhance future iPhone models. This innovative technology aims to improve power efficiency and display performance, delivering brighter screens with superior viewing angles. While the iPhone 17 is expected to utilize the LTPO2 display, the groundwork for LTPO3 suggests a promising leap in smartphone display standards. Users can anticipate better battery life and screen quality as Apple refines its display technologies for iPhones.

Created at: October 24, 2024 2:30pm

AI Search Engines Under Fire for Promoting Discredited Race Science

AI Search Engines Under Fire for Promoting Discredited Race Science

AI-powered search engines from Google, Microsoft, and Perplexity are facing backlash for disseminating debunked race science that suggests white genetic superiority. Researcher Patrik Hermansson uncovered alarming instances where these platforms provided misleading IQ data linked to discredited studies by Richard Lynn. Experts warn that such narratives could incite radicalization, with Lynn's work previously cited by violent extremists. Google has acknowledged the issue, promising improvements to its AI systems, which have shown vulnerability to flawed academic sources. The situation underscores the need for enhanced oversight in both AI and academic research.

Created at: October 24, 2024 2:30pm

Radiant Capital Hacker Moves $52M Stolen Crypto to Ethereum

Radiant Capital Hacker Moves $52M Stolen Crypto to Ethereum

Radiant Capital, a decentralized finance lender, faces a serious security breach after a hacker transferred $52 million worth of stolen cryptocurrency to the Ethereum network. The transfer, involving approximately 20,500 ETH, was detected by blockchain security firm PeckShield. The hacker used malware to compromise the wallets of three developers, and the company is now collaborating with US law enforcement to recover the assets. This incident is part of a troubling trend, with 2024 witnessing a significant rise in cryptocurrency hacks, totaling $1.38 billion looted by mid-year.

Created at: October 24, 2024 2:30pm

Notion Mail Set to Launch Soon as Hints Surface

Notion Mail Set to Launch Soon as Hints Surface

Notion is reportedly close to launching its new email service, Notion Mail, following its acquisition of privacy-oriented email platform Skiff. Users have uncovered evidence of the email product's development, including a login page and a development environment URL. Although attempts to access the service reveal a redirect to Notion's main login, the anticipation builds as Notion reportedly plans to announce new products today. This development is part of Notion's strategy to expand its productivity suite and compete with established players like Google Workspace and Microsoft 365.

Created at: October 24, 2024 2:30pm

UK Regulator Launches Probe into Alphabet's Investment in Anthropic

UK Regulator Launches Probe into Alphabet's Investment in Anthropic

The U.K. Competition and Markets Authority (CMA) is set to investigate Alphabet's significant investments in AI startup Anthropic, totaling approximately $2.3 billion. This investigation follows a prior inquiry regarding Alphabet's engagement with Anthropic and its potential impact on competition. Unlike Amazon's partnership with Anthropic, which the CMA could not examine due to merger rules, Alphabet's deal has been deemed relevant for scrutiny. The CMA expects to make a decision on whether to escalate the investigation by December 19, 2024, amidst a growing trend of tech firms acquiring innovative startups.

Created at: October 24, 2024 2:30pm

Snapchat Introduces Camera Shortcut on iPhone Lock Screen

Snapchat Introduces Camera Shortcut on iPhone Lock Screen

Snapchat has announced a new feature allowing iPhone users with iOS 18 or later to replace their default lock screen camera shortcut with the Snapchat camera. This integration aims to simplify the process of capturing moments, as over 55,000 Snaps are created every second. Users can customize their lock screen by selecting the Snapchat camera through the customization options. Additionally, Snapchat has launched the 'Footsteps' feature for tracking world exploration and is introducing new Halloween-themed AI lenses and stickers. This update follows Snapchat's previous enhancements with iOS 16 and iPhone 15.

Created at: October 24, 2024 2:30pm

Apple Vision Pro Faces Production Suspension Amid Weak Demand

Apple Vision Pro Faces Production Suspension Amid Weak Demand

Apple CEO Tim Cook discussed the Vision Pro's premium pricing and mixed reality features in a recent interview. However, reports suggest that the company may suspend production due to weak market demand. Despite initial popularity, the device is not intended for mass-market consumption and targets early adopters and developers. Suppliers have reportedly halted component manufacturing, raising concerns about the headset's future. Nevertheless, plans for a cheaper version are in the works for next year, alongside a potential Vision Pro 2 by 2026.

Created at: October 24, 2024 2:01pm

SpaceX Crew Dragon Sets New Record for Longest Stay in Orbit After Nearly 8 Months

SpaceX Crew Dragon Sets New Record for Longest Stay in Orbit
After Nearly 8 Months

SpaceX's Crew Dragon Endeavour has made history by completing the longest mission in orbit, spending 232 days docked to the International Space Station (ISS) during NASA's Crew-8 mission. Initially planned for six months, the mission was extended due to weather-related delays. The Crew Dragon undocked from the ISS on October 23, 2024, and is now preparing for its return to Earth. This accomplishment highlights SpaceX's advancements in space travel, surpassing previous records held by the Space Shuttle. The mission underscores the importance of the Crew Dragon spacecraft in NASA's Commercial Crew program.

Created at: October 24, 2024 2:01pm

Tesla Prepares to Launch Affordable EVs by 2025

Tesla Prepares to Launch Affordable EVs by 2025

Tesla's latest earnings report indicates plans to introduce more affordable electric vehicles starting in 2025. The company is shifting its strategy back to affordable models after previously canceling such plans. Production of these new EVs will begin in the first half of 2025, utilizing a next-generation platform alongside existing manufacturing lines. Tesla aims to make electric vehicles more accessible, with initial models rumored to be priced around $25,000. The company's net income and sales have shown growth, paving the way for this promising new direction.

Created at: October 24, 2024 2:01pm

Finix Secures $75 Million to Compete with Stripe in Payment Processing

Finix Secures $75 Million to Compete with Stripe in Payment Processing

Finix has announced a $75 million funding round, marking a significant step in its competition with Stripe. CEO Richie Serna highlighted that transitioning to a payment processor in 2023 was transformative for the company, which has reportedly quadrupled its revenue. With over 24,000 merchants now onboard, Finix aims to enhance its offerings for businesses lacking development resources. The startup plans to expand its team and global reach with this latest investment, led by Acrew Capital, among others, bringing its total funding to $208 million.

Created at: October 24, 2024 2:01pm

UK Revives Data Protection Reforms to Boost Economy and Address Online Safety

UK Revives Data Protection Reforms to Boost Economy and Address Online Safety

The UK government is reintroducing the Data (Use and Access) Bill to enhance data protection rules, aiming to inject £10 billion into the economy by improving public sector efficiency. The bill includes provisions for digital identity, data sharing in healthcare, and online safety measures. Notably, it mandates online platforms retain information on deceased minors and allows researchers access to essential data. However, digital rights advocates express concerns that the bill may weaken protections against AI harms and limit rights regarding automated decisions. The legislation aims to align with EU standards ahead of a crucial adequacy review in 2025.

Created at: October 24, 2024 2:01pm

Smashing App Launches: AI-Powered Community for Online Readers

Smashing App Launches: AI-Powered Community for Online Readers

Smashing, an innovative app created by Goodreads co-founder Otis Chandler, has officially launched, focusing on curating engaging web content rather than just books. The app introduces an AI Questions feature, allowing users to explore stories from multiple perspectives and engage with content through various prompts. Catering to diverse interests, users can create personalized feeds and engage with trending topics, enhancing their reading experience. Smashing has gained significant traction, with over 2,000 sign-ups on its waitlist prior to launch, supported by $3.4 million in seed funding. An iOS version is available, with a web version in development.

Created at: October 24, 2024 2:01pm

Ex-Anchor Co-Founders Launch AI Educational Startup Oboe with $4M Seed Funding

Ex-Anchor Co-Founders Launch AI Educational Startup Oboe with $4M Seed Funding

Nir Zicherman and Michael Mignano, co-founders of Anchor, have reunited to create Oboe, an AI-powered educational startup that recently secured $4 million in seed funding. Oboe aims to democratize learning through a user-friendly interface, enhancing access to educational content via AI technology, audio, and video. The startup plans to offer personalized learning journeys and interactive experiences, leveraging machine learning to optimize curriculum materials. Initial focus will target older learners, with future expansions into K-12 and higher education. Investors include Eniac Ventures and notable angels from their previous venture.

Created at: October 24, 2024 2:00pm

Boston Dynamics' Spot Revolutionizes Equipment Checks at Michelin's Plant

Boston Dynamics' Spot Revolutionizes Equipment Checks at Michelin's Plant

Boston Dynamics has deployed its robotic dog, Spot, at Michelin's manufacturing facility in South Carolina to enhance equipment inspections. Spot is designed to survey over 350 locations, equipped with a thermal camera to identify overheating machines that may be missed by human workers. The implementation of Spot allows for more efficient routine checks, enabling plant managers to focus on repairs rather than inspections. This pilot program showcases Spot's adaptability and effectiveness in a factory setting, marking a significant step for robotics in industrial applications.

Created at: October 24, 2024 1:30pm

AI Networking Startup Boardy Secures $3M Pre-Seed Funding

AI Networking Startup Boardy Secures $3M Pre-Seed Funding

Boardy, an AI-driven networking startup, has successfully closed a $3 million pre-seed funding round. Co-founded by Andrew D’Souza and the Boyed brothers, the startup aims to combat social isolation by connecting users through AI voice technology. Users share their professional needs with 'Boardy', an AI assistant that identifies potential connections within its growing network. D’Souza envisions Boardy as a tool that enhances human interaction rather than replacing it. The fresh capital will be used to enhance AI capabilities and expand the network, as competition in AI social networking grows.

Created at: October 24, 2024 1:30pm

General Catalyst Secures $8B to Fuel Startup Innovation Globally

General Catalyst Secures $8B to Fuel Startup Innovation Globally

General Catalyst has announced a major fundraising initiative, securing $8 billion to invest in early-stage startups across various sectors, including the U.S., Europe, and India. This capital includes $4.5 billion for core VC funds and $1.5 billion dedicated to supporting proven founders. The firm aims to enhance its investments in AI, healthcare, and fintech, among others. General Catalyst, known for backing successful startups like Airbnb and Stripe, now manages approximately $25 billion in assets. The announcement follows reports of a potential $1 billion continuation fund and plans for investments in Saudi Arabia.

Created at: October 24, 2024 1:00pm

Supply Chain Startup Interos Secures $40M in Growth Funding Amid Rising Disruptions

Supply Chain Startup Interos Secures $40M in Growth Funding
Amid Rising Disruptions

Interos, a supply chain risk intelligence firm, has secured $40 million in a strategic growth round led by Blue Owl Capital. The funding will enhance its AI capabilities and product development as it continues to grow its customer base, which includes major clients like Google and NASA. Interos reported a 35% revenue growth year-over-year, driven by increasing demand for supply chain monitoring amid global disruptions. The company, founded in 2005, aims to streamline risk assessment across supply chains, scoring suppliers to identify potential threats.

Created at: October 24, 2024 1:00pm

Vinted Achieves $5.4B Valuation with €340M Secondary Share Sale

Vinted Achieves $5.4B Valuation with €340M Secondary Share Sale

Lithuania's Vinted has garnered a new valuation of €5 billion (approximately $5.4 billion) after closing a €340 million secondary share sale, primarily led by TPG. This move highlights a growing trend in Europe where startups seek liquidity amid a sluggish IPO market. Vinted's existing investors, including Accel and EQT, have retained stakes while the company celebrated a 61% revenue growth in 2023. CEO Thomas Plantenga emphasized the sale's role in rewarding employees for their contributions. The marketplace is also expanding beyond fashion into electronics, prompting competitive reactions from eBay.

Created at: October 24, 2024 10:30am

LinkedIn Faces €310 Million Fine in EU Over Privacy Violations

LinkedIn Faces €310 Million Fine in EU Over Privacy Violations

LinkedIn has been fined €310 million (approximately $356 million) by Ireland’s Data Protection Commission for serious privacy breaches concerning its tracking ads operations. The ruling highlights LinkedIn's failure to provide a valid legal basis for processing user data and inadequate transparency regarding its data usage. This penalty ranks among the largest GDPR fines for tech companies. The investigation began in 2018 after a complaint from La Quadrature Du Net, and LinkedIn now has three months to comply with GDPR requirements. LinkedIn maintains it was compliant and is working to align its practices with the DPC's decision.

Created at: October 24, 2024 10:30am