Author: TechBrunch

Listen here or wherever you get your podcasts. Hello. Welcome to Equity, the startup business podcast. Uncover the numbers and nuances behind the headlines. this week, mary ann, Kirsten and Alex Gathered to chat through a huge bundle of news.Note before we get into the synopsis: Reddit requests publication rear Because we recorded this episode, we weren't able to talk about IPOs in this episode. We will definitely explain the S-1 application in due course, so please check back soon. Here's an overview: More coming soon. For episode transcripts and more, visit Equity's Simplecast website. Subscribe on Apple Podcasts, Overcast,…

This weekend marks exactly two years since Russia's illegal, baseless and brutal invasion of Ukraine. Despite overwhelming odds to repel the Russian onslaught and Western aid supplies continuing to stagnate, the country and its tech startup ecosystem have literally struggled and become a story of resilience. It has become. For example, according to Kharkiv's high-tech “cluster” organization, out of 511 high-tech companies that were based in Kharkiv (a city well known these days for being subject to regular Russian shelling) before February 2022. It is said that 500 companies are still in operation. And Western tech companies are increasingly coming…

Byju's investor group on Friday voted in favor of firing Byju Raveendran, founder and chief executive officer of the edtech group, in a separate, surreal moment for the once Indian startup. In order to stop the recently launched rights issue, a suppression and management lawsuit was filed against the company's management. most precious. At an emergency general meeting that ended earlier today, a group of investors including Prosus Ventures and Peak XV Partners voted for changes in the startup's leadership. According to investor sources familiar with the matter, the participating shareholders have a combined ownership of more than 60% of…

Security experts warn that two high-risk flaws in a popular remote access tool are being exploited by hackers to deploy LockBit ransomware — a group that authorities say is a notorious Russia-linked cybercriminal organization. This is just a few days after the announcement that it had been destroyed. Researchers from cybersecurity companies Huntress and Sophos told TechCrunch on Thursday that both companies observed the LockBit attack after exploiting a series of vulnerabilities affecting ConnectWise ScreenConnect. ConnectWise ScreenConnect is a remote access tool widely used by IT technicians to provide remote technical support to customer systems. This flaw consists of two…

Generative AI has shown remarkable results in increasing productivity in a wide range of areas, including website building. Today, there is no shortage of tools that can generate web designs by simply writing what you want in a prompt, including established players Wix and homegrown startups like Relume. Armenia-based company 10web is entering the race believing it has an advantage. 10web allows users to quickly generate websites built with WordPress, a widely used content management system, using text prompts. WordPress is notoriously difficult to use for beginners. Unlike Wix and Squarespace, WordPress is open source. This means that many features…

Meta announced Thursday that it has begun testing two of its “most requested” features: Drafts and in-app camera. Instagram chief Adam Mosseri said both features are only available to a small number of people. Users with access to drafts can only save one post (unfortunately). Write the post you want to post later in Composer and save the draft by simply swiping down. If you have a saved draft that you haven't posted yet, the Threads app will also show another composer icon in the bottom bar. Composer icon in Threads app now indicates if there are any saved drafts…

U.S. health insurance giant UnitedHealth Group said Thursday in a filing with government regulators that its subsidiary Change Healthcare was likely compromised by government-backed hackers. In a filing Thursday, UHG blamed the ongoing cybersecurity incident affecting Change Healthcare on suspected nation-state hackers, but said it has not decided when the system will come back online. Ta. UHG did not attribute the cyberattack to any particular country or government, nor did it cite any evidence to support its claims. A company spokesperson did not respond to a request for comment at the time of writing. Change Healthcare provides billing for patients…

Some cryptocurrency exchanges in Nigeria are facing user accessibility issues, leading to speculation that restrictions may be imposed on crypto sites, the Financial Times reported. On Wednesday, local media reported that Nigeria's telecommunications regulator, the Nigerian Communications Commission (NCC), received instructions from the country's apex bank to suspend access to cryptocurrency websites such as Binance, Coinbase and Kraken. It was reported that. According to another report, this development comes a day after Binance imposed restrictions on peer-to-peer trading on the USDT/NGN pair, coinciding with the naira falling to record lows. Cryptocurrency sites, particularly Binance, gained popularity for their peer-to-peer functionality…

The European Commission is set to rule on Spotify's claims focused on competition in the streaming music market, suggesting the ruling may not favor Apple. This week, the Financial Times reported that the EC will impose its first-ever fine against the tech giant for alleged breaches of EU law on competition in the streaming music market. According to the report, the fine is expected to be approximately 500 million euros (approximately 539 million U.S. dollars). Rather than pass off fines as a cost of doing business, like the company that made history as the first company to be valued at…

Reddit's prospects for a stock market listing have more to do with its relationships with AI vendors like OpenAI than expected. In its IPO prospectus filed today with the U.S. Securities and Exchange Commission, Reddit said it expects to profit from more than 1 billion posts and a data licensing agreement with a company that trains AI models on more than 16 billion posts. He repeatedly emphasized whether he was there or what he had gained. comment. “In January 2024, we entered into certain data license agreements with a total agreement amount of $203 million and terms ranging from two…