ByteDance says it will own a majority of TikTok. Oracle says ByteDance will own 0%. WTF is this deal?
You know a deal is signed and going to close when the parties keep fact-checking each other and no one can agree on what the deal actually says.
We've been following the TikTok / Oracle deal for some time here on technewss, and over the weekend, it seemed like we finally got to the finish line
Amazon details its low-bandwidth Sidewalk neighborhood network, coming to Echo and Tile devices soon
Last year, Amazon announced its Sidewalk network, a new low-bandwidth, long-distance wireless protocol it developed to help connect smart devices inside and — maybe even more importantly — outside of your home. Sidewalk, which is somewhat akin to a mesh network that, with the right amou
The Lumos Matrix is the ideal urban bike helmet for a smarter, safer day trip
Many of us are still more or less confined to our own homes and limited social spaces for the foreseeable future, and for a lot of you, that has led to a rediscovery of the joys of biking. Bike riding is a great way to spend time outdoors exploring your own town or city, and if you’re just ge
Osso VR raises $14 million to bring virtual reality to surgical and medical device training
It seems that distance learning is even coming for the healthcare industry.
As remote work becomes the order of the day in the COVID-19 era, any tool that can bring training and education services to folks across industries is gaining a huge amount of investor interest — and that includes hea
Nikola’s chairman steps down, stock crashes following allegations of fraud
Nikola Corp. founder and Executive Chairman Trevor Milton is stepping down from the electric truck company effective immediately. This comes in the wake of a report from a noted short-seller accusing the company of fraud. Milton is succeeded by Stephen Girsky, a former General Motors executive who
Amnesty calls for human rights controls on EU digital surveillance exports
In a new report, Amnesty International says it has found evidence of EU companies selling digital surveillance technologies to China — despite the stark human rights risks of technologies like facial recognition ending up in the hands of an authoritarian regime that’s been rounding up e
With $100M in funding, Playco is already a mobile gaming unicorn
Playco is a new mobile gaming startup created by Game Closure co-founder Michael Carter and Zynga co-founder Justin Waldron, as well as game producers Takeshi Otsuka and Teddy Cross.
Although the Tokyo-headquartered company is only announcing its existence today, it’s already a unicorn — it
Ireland’s data watchdog slammed for letting adtech carry on ‘biggest breach of all time’
A dossier of evidence detailing how the online ad-targeting industry profiles internet users’ intimate characteristics without their knowledge or consent has been published today by the Irish Council for Civil Liberties (ICCL), piling more pressure on the country’s data watchdog to take
Language learning service Babbel says it has now sold over 10M subscriptions
Babbel, the popular Berlin-based online language learning service, today announced that it has now sold a total of 10 million subscriptions to its service. For a language learning service, that’s quite a substantial number, especially given that Babbel doesn’t really offer a free tier.
Kindred Capital closes £81M second fund to back early-stage European startups
Kindred Capital, the London-based VC that backs early-stage founders in Europe, has closed its second seed fund at £81 million.
That’s only a tad larger than the firm’s first fund, which invested in 29 companies and was raised in 2018. Portfolio companies from fund one include Five, wh
TikTok fact checks: US IPO, Chinese ownership, $5B in taxes
There is no shortage of speculation and reports around TikTok’s future in the U.S. Amid a swirl of rumors, TikTok’s Chinese parent ByteDance issued a statement (in Chinese) on Monday morning, bringing clarity to its ongoing deal that has captured global attention over the past few weeks
Indian mobile gaming platform Mobile Premier League raises $90 million
Mobile Premier League (MPL) has raised $90 million in a new financing round as the two-year-old Bangalore-based esports and mobile gaming platform demonstrates fast-growth and looks to expand outside of India.
SIG, early-stage tech investor RTP Global and MDI Ventures led MPL's $90 million Seri
Senate’s encryption backdoor bill is ‘dangerous for Americans,’ says Rep. Lofgren
A Senate bill that would compel tech companies to build backdoors to allow law enforcement access to encrypted devices and data would be “very dangerous” for Americans, said a leading House Democrat.
Law enforcement frequently spars with tech companies over their use of strong encryptio
Thanks to Google, app store monopoly concerns have now reached India
Last week, as Epic Games, Facebook and Microsoft continued to express concerns about Apple's “monopolistic” hold over what a billion people can download on their iPhones, a similar story unfolded in India, the world's second largest internet market, between a giant developer and the ope