Daily Crunch: Salesforce CEO admits ‘we hired too many people’ as company lays off +7,000 employees

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 the middle of the week. CES is starting tomorrow, so bookmark technewss’s dedicated CES page to catch up on all the happenings. Now,

3 ways PE firms can ensure relevant due diligence for M&A targets ahead of a recession

Economic uncertainty, market volatility, rising interest rates, inflation and the ongoing Ukraine-Russia conflict affected the M&A market in the third quarter of 2022 to the point that deal volumes declined across the globe. Most experts agree that a recession is here or likely imminent, and ev

Daily Crunch: Startup says it has received $1M in preorders for its $60K hydrofoiling personal watercraft

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. Hey, folks, welcome back! Below we've got some 2022 roundups and even some news. I suspect it'll get even leaner as the week wears on, but no matter! Ther

Uber and Amazon blasted for poor working conditions for gig workers in India

Research firm Fairwork India blasted Ola, Uber, Dunzo, PharmEasy and Amazon Flex in a report Tuesday, saying the firms scored zero in its assessment of whether they created fair conditions for their gig workers. The research project, which collaborated with partners at the University of Oxford, sai

Indian fintech Money View valued at $900 million in new funding

Indian fintech Money View said on Monday it has raised $75 million in a new funding round, its second this year, despite the market slump, as it looks to scale its core credit business and build more products in the South Asian market. Apis Partners led Money View's Series E funding round, valu

Daily Crunch: Meta to pay $725M settlement in Cambridge Analytica data access case

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. Today we celebrate a bit of oversight over an industry that has been allowed to prey on those less fortunate for way too long — Devin reports that the FCC is ta

3 Black investors share what they are prepping for come the new year

This year's been eventful for investors and founders alike. Just as it seemed the venture capital boom of 2021 was slowing down, the startup and VC worlds spun on their axes practically overnight, birthing a new dynamic where “growth at all costs” was quickly replaced by a more measured and

Clean energy investments may close 2022 hitting new heights, setting stage for lofty 2023

In case anyone asks, 2022 was all about energy — natural gas, oil, renewables, all of it. Natural gas prices surged early as Vladimir Putin's poorly thought-out decision to invade Ukraine slashed gas deliveries to Europe. That, coupled with high oil prices, substantially contributed to near-r

Investor interest in SpaceX appears immune to Musk’s meddling

Elon Musk’s acquisition of Twitter sent Tesla’s stock price on a roller coaster this year as its value correlated — largely negatively — with each development at the social media company. But SpaceX’s support from investors seems immune to the drama. Back in April, when Musk f

Three counterintuitive 2023 predictions about Musk, SBF and even Kraft

Bradley Tusk — who spent his early career in Democratic politics and later became a consultant and lobbyist for private companies battling regulators — spends much of his time these days as a venture capitalist. But while Tusk is a generalist, he insists he isn’t interested in jus

Daily Crunch: After Musk puts it to a vote, 57% of Twitter poll respondents tell him to resign

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. December is getting long in the tooth, there's Christmas music on every radio station, and the poinsettias are in full bloom. It looks like the year is gettin

3 Black founders explain how they’re preparing for a tough 2023

Life as a startup founder is never dull. That's doubly true for Black founders, who routinely struggle to raise funds, be noticed and get their fair share of attention. For the new year, technewss+ conducted a mini-survey to find out what Black founders are expecting in 2023. All three founder

Deal terms, fatality rates and the drawbacks of credit lines; a view from today’s most active VC firm

Yesterday, we had the chance to catch up with Fabrice Grinda, a French, New York-based serial entrepreneur who co-founded the free classifieds site OLX — now owned by Prosus — and who has in recent years been building up his venture firm, FJ Labs. He often likens the outfit to an angel

Pan-African early-stage firm Ventures Platform closes fund, hits $46M

Ventures Platform, a Pan-African early-stage venture capital firm, has closed its fund at $46 million as it looks to double down on “category-leading” companies across the continent. The six-year-old firm, which employs 11 people, initially went to the market to raise $40 million for this fund