One of the biggest mysteries in former Theranos founder and CEO Elizabeth Holmes’ high-profile fraud trial was whether or not she would testify. So it was a shock late Friday afternoon when the Stanford dropout took the stand, eleven weeks after the trial began. Now that the prosecution has rested its case — questioning witnesses […]
Citcon raises $30M to make paying with mobile wallets ‘as easy as paying with a credit card’
Citcon, a mobile wallet payment provider, has closed on $30 million in funding in a Series C round co-led by Norwest Venture Partners and Cota Capital. Sierra Ventures and Sonae IM also joined the financing, which brings San Jose-based Citcon’s total raised since its 2015 inception to nearly $50 million. Citcon’s mission is straightforward: to […]
Tech watchdog campaign challenges big tech for hiding behind small business
Time and time again, tech’s most powerful companies have pushed the narrative that any threat to their own trillion-ish dollar businesses will trickle down, hurting the small companies that rely on their products. But counter to the warm and fuzzy anecdotes that big tech has rolled out over the years, some business owners struggle with […]
Zoom reaches $85M settlement in ‘Zoombombing’ lawsuit
Zoom has agreed to pay $85 million to settle a lawsuit that accused the video conferencing giant of violating users’ privacy by sharing their data with third parties without permission and enabling “Zoombombing” incidents. Zoombombing, a term coined by TechCrunch last year as its usage exploded because of the pandemic, describes unapproved attendees entering and […]