Should Mark Zuckerberg be scared of Peter Thiel?
Unless you’ve been in a cave over the last week, you’ve likely read a review or some discussion about “The Contrarian,” a new book about billionaire investor Peter Thiel by longtime Bloomberg Businessweek features editor and tech reporter Max Chafkin.
It isn’t surprisi
Indian food delivery giant Swiggy in talks to raise funds at over $10 billion valuation
Indian food delivery startup Swiggy is in talks to raise over $500 million in a new financing round that could value it at over $10 billion, two sources familiar with the matter told technewss.
Atlanta-headquartered Invesco is in talks to lead — or co-lead — the new financing round in
How Ford’s electrification footprint will change with planned investments
Earlier this year, Ford Motor Company announced an investment of $30 billion toward electrification by 2025. On Monday, the automaker unveiled some specifics for that plan. Ford and its battery joint venture partner, SK Innovation, will be investing $11.4 billion in the two new campuses it plans to
The enormous challenges and abundant opportunities in climate tech
The decarbonization of the planet will be the next major disruption of the 21st century, according to SOSV managing general partner Sean O’Sullivan and Carmichael Roberts of Breakthrough Energy Ventures.
A disruption of such magnitude will bring about changes that will touch every industry an
Ford, SK to spend $11.4B to build two US manufacturing campuses dedicated to EVs and batteries
Ford Motor Company and battery manufacturer SK Innovation plan to spend $11.4 billion to build two massive campuses in Tennessee and Kentucky that will produce batteries as well as the next generation of electric F-Series trucks — a project the companies said will create 11,000 new jobs.
Faciliti
India’s Bijnis lands $30 million to help manufacturers build digital identity and sell to retailers
The proliferation of affordable and fast mobile data allowed hundreds of millions of Indians to come online for the first time in the past decade. But there are scores of areas in the South Asian nation's economy that remain largely offline. One of those is factories. There are about 150,000 fa
Brands considering a live-shopping strategy must lean on influencers
Live shopping — the seamless and simultaneous combination of online shopping, livestreaming and social media — has been taking North America by storm since October 2019. Though booming to take up over 13% of all e-commerce sales in China, the North American set is still new to this innovation,
Gillmor Gang: Work In Progress
Mostly friends and sometimes family have encouraged me to tell stories about my days in the comedy, music, and tech businesses. And for all of this time I’ve been reluctant. However, with the Pandemic and the impending birth of my first grandchild, I’ve reconsidered. My wife’s pa
Daily Crunch: Facebook pauses plans to release Instagram app for kids
To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.
Hello and welcome to Daily Crunch for September 27, 2021. Today's technewss news is big news, so instead of jamming it into the intro, we're just going t
Crypto liquidity is ready to eat cross-border payments' lunch
Every day, we see another traditional financial institution scrambling to figure out its crypto strategy, and it's clear why. Crypto is past the tipping point of mainstream consciousness, and use cases like cross-border payments are firmly outside of the sandbox stage.
Cross-border payments are
LinkedIn is testing a new, paid ticketed events service
LinkedIn earlier this month unveiled a new push around creators to bring more original content (and engagement) to its platform, but that’s not the only effort they are making to bring more activity to its networking site. technewss has learned and confirmed that LinkedIn is also running a t
Terran Orbital to open a $300M satellite manufacturing and component facility on Florida’s Space Coast
Satellite manufacturing company Terran Orbital said Monday it would open the world's largest space vehicle manufacturing facility on Florida's Space Coast at a cost of $300 million.
The 660,000-square-foot factory will be capable of producing “thousands of different types of space vehicle
Will rising interest rates scupper the startup surge?
Investor and entrepreneur Anshu Sharma — formerly a partner at Storm Ventures, now CEO of privacy-focused SkyFlow — asked on Twitter today about the connection between interest rates and technology valuations:
Ignore the compliments; Sharma was merely trying to bait Jef
Creative capital is the secret sauce, not venture capital
Around 90% of startups ultimately fail, and the reasons leading to failure are well known: Undercapitalization, scaling challenges, lack of a competitive advantage or realistic IP. However, what about the 10% that succeed? What did they do to beat the odds?
To create a pathway for market success, s