TC

Just over a year after launching a dedicated unit focused on digital markets inside the national competition watchdog, the UK government has put some meat on the bones of what this new Big Tech regulator will focus on — including confirming it will have the ability to levy fines of up to 10%

Metals and fossil fuels behemoth Glencore is pumping $200 million into battery recycler Li-Cycle as part of a larger, symbiotic supply deal inked by the two firms. Under the new agreement, the Swiss materials giant will ship burnt-out batteries and scraps to Li-Cycle, which will recover the high-de

On Deck, a tech company that connects founders to each other, capital and advice, has laid off 25% off its staff, per sources familiar with the company. The layoffs were announced today during an internal all hands meeting, and impacts about 72 people. Sources say that mostly operations and investi

MainStreet, a startup that helps other startups uncover tax credits that was valued at $500 million last year, has laid off about 30% of its staff, according to a tweet from CEO Doug Ludlow. In that tweet, Ludlow said MainStreet “took the difficult step of reorganizing and restructuring the compa

The European Union’s flagship reform for tackling Big Tech platform power, the Digital Markets Act (DMA), will come into force in early 2023, Commission EVP Margrethe Vestager has said — rowing back from an earlier suggested timeframe of this fall. But she also implied that enforcements

French startup Alan has raised a new €183 million funding round ($193 million at today's exchange rate). The company sells its own health insurance products and has expanded to other medical products and services. In other words, Alan wants to build a healthcare super app and a one-stop shop

Cameo, a platform that allows fans to buy personalized videos from celebrities, has laid off 87 members of its staff, according to a tweet from CEO Steven Galanis. The layoffs, as first reported by The Information, impacted a quarter of the overall workforce and was a result of the company needing

Hikvision shares fell by 10% after a Financial Times report that the Biden administration is planning to impose more sanctions on the surveillance camera company, accusing it of enabling human right abuses. The Financial Times reports that the sanctions would have “far-reaching consequences becau

A competition complaint against Google’s Android Play Store by Match Group, the company which owns Tinder and a number of other dating apps, has led to a preliminary investigation by the Netherlands’ Authority for Consumers and Markets (ACM) into whether the tech giant is abusing a domi

Apple store employees in Towson, Maryland have organized a union and petitioned to hold an official union election. This marks the third Apple retail location in recent weeks that has taken significant steps toward becoming the first formally recognized Apple union, following stores in Manhattan an

Keyboard startup Fleksy has launched a new self-serve SDK to expand its reach for indie developers wanting to add custom keyboard software to their apps. The Barcelona-based mobile keyboard software maker has been pursuing a white label licensing approach to selling its customizable keyboard tech f

Venture firm Afore Capital first splashed on the scene with the aim to institutionalize that angels, friends and family round. Now, after investing in over 80 companies over five years, the eight-person team has landed on a more specific way to do so: Offer a standard deal and raise what it claims

Facebook’s rebranded parent, Meta, has become the next tech giant to be confirmed as subject to a special competition abuse control regime in Germany, following a 2021 update to its digital competition rules that are focused on large digital companies which are considered to be of “paramoun

Folk, the next-generation CRM started by European startup studio eFounders, is going live today. If you've paid attention to technewss, I've already covered Folk in the past. Since then, the product has evolved a bit and is now ready for prime time. “The biggest SaaS [software-as-a-servi