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Heather Somerville / Reuters:
Lightspeed, an early investor in Snap, says it has raised $1.8B in new funds, around $1.05B of which will be earmarked for investments in more mature startups   —  SAN FRANCISCO (Reuters) - Venture capital firm Lightspeed Venture Partners has raised $1.8 billion to invest in startups …
Jul 10, 2018, 3:45 PMIn context
Nicolás Misculin / Reuters:
As inflation soars and unemployment grows, Argentines turn to Facebook Groups to arrange trades before exchanging goods in person in barter clubs   —  SAN MIGUEL, Argentina (Reuters) - At an abandoned train station in Buenos Aires' working-class suburb of San Miguel, hundreds of Argentines gather …
Jul 7, 2018, 11:55 PMIn context
Elias Biryabarema / Reuters:
Uganda president defends new 5 cent/day tax for citizens wanting to access platforms like Facebook, Twitter, and WhatsApp, says social media is used for “lying”   —  KAMPALA (Reuters) - Uganda's President Yoweri Museveni has defended the country's new social media tax …
Jul 4, 2018, 10:00 PMIn context
Sankalp Phartiyal / Reuters:
India's IT ministry asks WhatsApp to curb spread of false messages, saying the service “cannot evade accountability” for misinformation that has led to killings   —  MUMBAI (Reuters) - India has asked Facebook Inc-owned WhatsApp messenger to take steps to prevent the circulation …
Jul 3, 2018, 5:20 PMIn context
Paresh Dave / Reuters:
Sources say Google's delay in joining a consortium of ad tech companies has complicated its members' GDPR compliance efforts   —  SAN FRANCISCO (Reuters) - Google's delayed entry into a consortium of advertising technology companies has spoiled the members' push to comply with a new European privacy law …
Jul 3, 2018, 2:05 PMIn context
Reuters:
HTC plans to cut around a quarter of its global workforce, or 1,500 jobs, at its manufacturing unit in Taiwan; layoffs will be completed by the end of September   —  TAIPEI (Reuters) - Smartphone maker HTC plans to slash around a quarter of its global workforce through job cuts at its manufacturing unit …
Jul 2, 2018, 7:45 AMIn context
Gertrude Chavez-Dreyfuss / Reuters:
Report: ICOs raised $13.7B in the first five months of 2018, up from $7B in 2017; only 30% of the 3,470 ICOs since 2013 closed successfully   —  NEW YORK (Reuters) - Digital currency sales jumped to $13.7 billion in the first five months of the year, nearly double the amount raised for the whole of 2017 …
Jun 28, 2018, 9:30 PMIn context
David Henry / Reuters:
JP Morgan Chase launches Finn by Chase, a mobile only bank account with an app for iOS and an Android version coming by the end of the year   —  NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) said on Thursday that it is now offering a digital bank account for smartphones nationally after testing …
Jun 28, 2018, 2:15 PMIn context
Reuters:
Trump says he'll use CFIUS, whose authority would be enhanced by new legislation, to control investment deals, instead of China-specific investment restrictions   —  WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process …
Jun 27, 2018, 4:05 PMIn context
Megan Dollar / Reuters:
EU signs agreement with Amazon, eBay, AliExpress, and Rakuten for the removal of “dangerous” product listings within two working days' notice from authorities   —  BRUSSELS (Reuters) - The European Commission has signed an agreement with four major online retailers to combat …
Jun 25, 2018, 8:45 PMIn context

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