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Facebook cofounder Saverin’s B Capital just closed its third flagship fund with $822 million
It hasn’t taken long for B Capital to amass a pretty hefty third fund. Just five years after the venture firm was launched by Facebook co-founder Eduardo Saverin and Raj Ganguly, a veteran of private-equity firm Bain Capital, the firm is taking the wraps off a third fund that has amassed $822…
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Facebook says it will prioritize original reporting and ‘transparent authorship’ in the News Feed
Facebook announced this morning that stories with original reporting will get a boost in the News Feed, while publications that don’t clearly credit their editorial staff will be demoted. The change comes as a number of high-profile companies have said that they will pull their advertising fr…
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Capital raises $9M for its AI-based ‘capital as a service’ funding platform for startups
In 2019, in the US alone, more than 10,000 startups raised more than $133 billion in venture funding, with a large proportion of that equity investments. Today, a company building a platform to help startups consider alternative routes to financing — specifically less dilutive options that gi…
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Global app revenue jumps to $50B in the first half of 2020, in part due to COVID-19 impacts
Consumer spending on mobile apps and app installs grew significantly during the first half of 2020, in part due to the COVID-19 pandemic, according to new data from Sensor Tower. In the first half of the year, consumers spent $50.1 billion worldwide across the App Store and Google Play — a fi…
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Strap in — a virtual Tour de France kicks off this weekend on the online racing platform Zwift
The pandemic has wreaked havoc on all manner of professional sports this year, and cycling has not been immune. For example, the best-known race on the planet, the Tour de France, normally staged in July, has had to be pushed back to August 29 through September 20. That doesn’t mean that the …
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Facebook launches Avatars, its Bitmoji competitor, in India
Facebook Avatars, which lets users customize a virtual lookalike of themselves for use as stickers in chat and comments, is now available in India, the social juggernaut’s biggest market by users account. The American firm said Tuesday it had launched Avatars to India as more social interacti…
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Willa secures $3M from EQT Ventures to let freelancers get paid immediately
Willa, the Sweden and U.S.-based fintech that wants to help freelancers request payment and get paid immediately for a fee, has raised $3 million in funding. The company’s founders are former early members of Spotify’s growth team and also created influencer marketing platform Relatable…
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Watch SpaceX launch a GPS III satellite for the U.S. Space Force live
SpaceX is set to launch a Falcon 9 rocket today from Cape Canaveral Air Force Station in Florida. The launch is set to take place at 3:55 PM EDT (12:55 PM PDT), with a 15-minute window opening at that time, and there is a backup opportunity on Wednesday, July 1 if the launch needs to […]
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Daimler-backed Momenta says its robotaxis will be fully driverless and profitable in 2024
In China and the U.S., there’s much debate about when and how humans will achieve fully autonomous robotaxis at scale — cars that chauffeur passengers under complex road conditions without safety drivers behind the wheel. Many pieces are needed to make this happen: mammoth amounts of te…
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Amazon Prime Video introduces ‘Watch Party,’ a social coviewing experience included with Prime
Amazon Prime Video is beginning to roll out a co-viewing feature to Amazon Prime members in the U.S., the company announced today. The “Watch Party” feature, which is included at no extra cost with a Prime membership, allows participants to watch video content together at the same time …
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