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Privacy litigation that’s being brought against Facebook by two not-for-profits in the Netherlands can go ahead, an Amsterdam court has ruled. The case will be heard in October. Since 2019, the Amsterdam-based Data Privacy Foundation (DPS) has been seeking to bring a case against Facebook ove

Let's play out this scenario. Your deck is ready and you're just about to start reaching out. What does conventional wisdom say that you should send? A three-paragraph overview, four bullet points outlining the problem, and three bullet points on how you solve it and why you're the best

In a surprise announcement today, IBM announced that Jim Whitehurst, who came over in the Red Hat deal, would be stepping down as company president just 14 months after taking over in that role. IBM didn’t give a lot of details as to why he was stepping away, but acknowledged his key role in

General Motors is investing in domestically sourced lithium. The company said Friday it became the first investor in an Australian company's project to extract the mineral, a critical component of electric vehicle batteries, from the Salton Sea Geothermal Field near Los Angeles. The automaker w

Licious, a Bangalore-based startup that sells fresh meat and seafood online, has raised $192 million in a new financing round as it looks to expand its footprint beyond the South Asian market. The new round — a Series F — was led by Singapore's investment firm Temasek and Multiples

Swedish gaming giant Modern Times Group (MTG) has acquired Indian startup PlaySimple for at least $360 million, the two firms said Friday. MTG said it will pay 77% of the acquisition sum to Indian game developer and publisher in cash and the rest in company shares. There's also another $150 mil

A great deal has changed since we last covered Nigerian fintech startup TeamApt two years ago. At the time, the company had just closed a $5.5 million Series A round from a single VC — Quantum Capital Partners, a firm owned by Zenith Bank billionaire Jim Ovia. TeamApt has quite the story. CEO Tos

Neobanks have led the charge as regards venture capital funding for consumer fintech startups. But while they have collectively dominated the fintech space, they don’t operate a monolithic model. There are five distinct models, and the one adopted by Nubank, the $30 billion behemoth, is the c

Two billionaires are neck and neck in the final sprint to the Kármán line, but Richard Branson may clinch it with a July 11 flight on a Virgin Galactic spacecraft, narrowly beating out Jeff Bezos’s planned July 20 trip aboard a Blue Origin New Shepard capsule. Whoever wins, the real lesson

Twitter is considering changes to the way it contextualizes misleading tweets that the company doesn’t believe are dangerous enough to be removed from the platform outright. The company announced the test in a tweet Thursday with an image of the new misinformation labels. Within the limited t

Edtech startup Microverse has tapped new venture funding in its quest to help train students across the globe to code through its online school that requires zero upfront cost, instead relying on an income-share agreement that kicks in when students find a job. The startup tells technewss it has c

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 July 1, 2021. It's Robinood IPO day! That's the headline, really. This afternoon the American consumer fintech compa

Last week was a good one for edtech in Europe. GoStudent became Europe's first edtech unicorn (IPO'd companies aside), raising its third round in 12 months and the biggest ever in the sector in Europe. Brighteye Ventures' analysis showed that VC investments in European edtech had breach

This afternoon Robinhood filed to go public. technewss’s first look at its results can be found here. Now that we’ve done a first dig, we can take the time to dive into the company’s filing more deeply. Robinhood’s IPO has long been anticipated not only because there are bi