In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. In May, more than 75 million users transacted on Google Pay app, ahead of Walmart -owned PhonePe’s 60 million users, and SoftBank
Technology
What price privacy? Zoom is facing a fresh security storm after CEO Eric Yuan confirmed that a plan to reboot its battered security cred by (actually) implementing end-to-end encryption does not in fact extend to providing this level of security to non-paying users. This Zoom ‘premium on privacy’ is necessary so it can provide law
Facebook and PayPal have made investments in GoJek, joining Google and Tencent among other high-profile technology companies that have backed the Southeast Asian ride-hailing firm. Facebook, for which it is the first investment in an Indonesia-based firm, and PayPal did not disclose the size of their checks. Five-year-old GoJek said the companies were participating in
LinkedIn is announcing some new features for advertisers — retargeting capabilities tied on video ads and lead generation forms, as well as new brand safety integrations for the LinkedIn Audience Network. Abhishek Shrivastava, the senior director of product for LinkedIn Marketing Solutions, told me that his team has been shifting its product plans in response
Twitter placed a tweet from a close political ally of the president behind a warning label Monday, citing its policy prohibiting content that promotes violence. The tweet, from Republican Florida Rep. Matt Gaetz, suggested that the U.S. government “hunt down” anti-fascist activists in the country like it would pursue international terrorists. “We have placed a
Bonusly, a platform that involves the entire organization in recognizing employees and rewarding them, closed on a $9 million Series A financing round led by Access Venture Partners. Next Frontier Capital, Operator Partners, and existing investor FirstMark Capital also participated in the round. Bonusly launched in 2013 when cofounder and CEO Raphael Crawford-Marks saw the
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I’m
NASA astronauts Doug Hurley took over manual control of the SpaceX Crew Dragon spacecraft on Saturday, shortly after the vehicle’s historic first launch from Cape Canaveral in Florida. Crew Dragon is designed to fly entirely autonomous throughout the full duration of its missions, including automated docking, de-orbit and landing procedures, but it has manual control
SpaceX on Saturday launched two NASA astronauts aboard its Crew Dragon spacecraft, and the accomplishment is a tremendous one for both the company and the U.S. space agency. At a fundamental level, it means that the U.S. will have continued access to the International Space Station, without having to rely on continuing to buy tickets
Acorns, which helps millions of people invest their spare change in the stock market, has laid off between 50 to 70 people, TechCrunch has learned from multiple sources. The Irvine, Calif.-based company would not confirm the total number of people laid off, but did confirm that there were cuts at the company as a result
The U.S. has suffered from devastating wildfires over the last few years as global temperatures rise and weather patterns change, making the otherwise natural phenomenon especially unpredictable and severe. To help out, Stanford researchers have found a way to track and predict dry, at-risk areas using machine learning and satellite imagery. Currently the way forests
The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced this week an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Leading the round — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese
Tesla’s board certified a financial milestone that unlocks the first tranche — worth more than $700 million — of an unprecedented multi-billion-dollar pay package for CEO Elon Musk, according a document filed Thursday with the Securities and Exchange Commission. The milestone allows Musk to purchase the first grouping or tranche of nearly 1.69 million shares
This could have been Marqeta’s year to list as a public company on a major American stock exchange. The company, while still unprofitable, is a darling of the financial services sector and only last year reached a $2 billion valuation on the back of a $260 million round of financing. In the previously torrid public
Ximena Aleman Contributor Ximena Aleman is co-founder and chief business development officer at Prometeo, an open banking platform that serves Latin America. It may have entered the game later than other leading regions such as Europe and North America, but Latin America’s fintech industry is dynamic and growing fast. The sector was recently given a
[embedded content] SpaceX is set to mark a huge milestone in its own company history, with a first-ever crewed spaceflight set to take off from Cape Canaveral in Florida later today. The mission is Commercial Crew Demo-2, the culmination of its Crew Dragon human spacecraft development program, which will carry NASA astronauts Doug Hurley and
As AI has grown from niche to mission-critical technology, the companies that enable it have multiplied and in many cases prospered. A good example of that success is DefinedCrowd, which has gone from the Disrupt stage to globe-spanning AI toolkit to the Fortune 500 in just a couple years. The company just raised a new
Feedr, the food tech startup that delivers personalised meals to office workers as an alternative to companies setting up their own canteens, has been acquired by Compass Group, the publicly-listed foodservice company. The price is described as “in the region” of $24 million, while I understand the the deal between the two companies was completed