Archive for May 2022
Meta freezes hiring for certain engineering roles while pausing the hiring of recruiters and low-level data scientists.
Meta is freezing hiring for some engineering roles and has stopped hiring recruiters and low-level data scientists. While the hiring freeze has made staff fear they might be laid off, the Meta CEO, Mark Zuckerberg, has downplayed layoff. In an internal meeting on Thursday, he said that job cuts aren’t being planned. According to Zuckerberg, […]
Jack Dorsey outlines Block’s bitcoin-centric future; Block is no longer just a payment firm.
On Wednesday, the Block executives, on its first investor day in five years, agreed that the company no longer wants to be seen as only a payment platform. The firm based in San Francisco held its investor day on Wednesday and made its case to Wall Street that its money app, Crypto, and music-streaming businesses […]
Earlybird acquires new €350M fund for western European startup
The year is no doubt a progressive one for the European startup ecosystem. The industry has continued to grow exponentially ever since its inception on the continent. Supported by funds to bolster the activities and affairs of these startups; the funds help early businesses thrive in a healthy space amidst big names. EarlyBird startup has […]
This week in apps; major events you need to know.
Google’s new ‘multi-search’ attributes hint at AR glasses’ future Google introduced a new “multi-search” feature in April that provides a way to search the web with both images and text at the same time. On Monday, during Google’s I/O developer conference, the firm disclosed an expansion to the feature, termed “Multisearch Near Me.” This feature […]
ARIANEE secures $21 million to ownership NFTs using physical luxury goods
Arianee, an NFT company in France, has secured $21 million in funding during a series A round led by Tiger Global. With the amount, the company is set to partner with Sandbox on a project to boost customer relationship management (CRM) on the Metaverse. Arianee’s Ethereum NFTs have gone through testing and acquisition by several […]
Diversity and Inclusion in the Technology Industry: Perception v. Reality
A Harvard Business Review titled “To increase diversity, U.S. Tech companies need to follow the talent,” published on 4th December 2020, addresses the tech industry’s inherent diversity and inclusion problem. It states that tech companies have constantly had similar promises to bridge the gap between minorities, yet little success has been attained in this light. […]
APPLE dethroned by Saudi Aramco as the most valuable company
Saudi Arabian oil company, Aramco, has surpassed Apple by becoming the most valuable company. The development is a result of surging oil prices and increased shares while tech giant’s stocks keep plummeting. Aramco is Saudi Arabia’s national petroleum and natural gas company. Currently, it’s viewed as the largest oil company in the world. At the […]
Legaltech provider Evisort discloses $100 million in funding, led TCV
Evisort, a prominent company in contract management and analysis made a public announcement today over a $100 million capital raised in funding for the year. It also includes equity and ventures debt financing. The company develops AI-powered software for legal firms. And helps companies analyze contract proceedings and documentation. The project’s series C funding was […]
LUNA CRASHES FROM $100 to below $1
Today is a sad and tumultuous day for cryptocurrency investors, and enthusiasts as the price of the LUNA coin hits the slopes. Concurrently, the LUNA cryptocurrency has been losing a greater part of its value this week. On Tuesday, 50% of its value was lost. Today, the second arrow hit deeper. Over 90% has been […]
PocketLaw Secures €14M Deal with Atomico
PocketLaw, a legal Software-as-a-Service startup that focuses on SMEs, has signed a jurisdiction deal with Atomico for a Europe expansion. The €14M deal has bolstered the startup’s annual revenue. The deal also involves Ben Blume, a partner at Atomico joining the board as a part of the enterprise. PocketLaw makes it the 4th investment Atomico […]