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 […]
Element Ventures pulls in $130M to double-down on the FinTech enterprise trend
With the rise of Open Banking, Psd2 Regulation, InsurTech, and the whole, general Fintech boom, tech investors have realized that there is an increasing place for dedicated funds which double down on this ongoing movement. When you look at the rise of banking-as-a-service offerings, payments platforms, insurtech, asset management, and infrastructure providers, you realize that […]
Industrial cybersecurity startup Nozomi Networks secures $100M in pre-IPO funding
Nozomi Networks, an industry cybersecurity startup that aims to shield critical infrastructure from cyberattacks, has raised $100 million in pre-IPO funding. The Series D funding round was led by Triangle Peak Partners, and also includes investment from a number of equipment, security, service provider and go-to-market companies including Honeywell Ventures, Keysight Technologies and Porsche Digital. […]
Square to buy ‘buy now, pay later’ giant Afterpay in $29B deal
In a blockbuster deal that rocks the fintech world, Square announced today that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all-stock deal. The purchase price is based on the closing price of Square common stock on July 30, which was $247.26. The transaction is expected to close in […]
The best way to grow your tech career? Treat it like an app
What happens after a developer or engineer lands that sweet gig? Are they able to harness their skills and grow in interesting and challenging new directions?
US government watchdog rejects Blue Origin’s protest over lunar lander contract
The Government Accountability Office said that it was denying both Blue Origin’s protest and a separate challenge filed by Dynetics.
Last day to snag early bird passes to TechCrunch Disrupt 2021
Don’t miss your chance to experience TechCrunch Disrupt 2021 — the startup world’s must-attend event of the season — for less than $100. Why not get the best ROI of your time while simultaneously learning about the latest industry trends and mining for opportunities that can take your startup to new levels of success? Disrupt […]
Gopuff confirms new $1B cash injection at a $15B valuation to expand its instant grocery delivery service
Gopuff said it plans to use the funding to continue expanding in North America, the U.K. and Europe, among other things.
Pinterest shares drop as company misses on user growth … again
Pinterest’s shares had popped last week when Snap posted its best quarter in four years, as investors were betting Pinterest’s image-based social app would also see a return in advertiser spending. Those expectations now appear to be correct, as Pinterest beat on earnings with second-quarter revenue of $613.2 million and earnings per share of 25 […]
Robinhood’s stock drops 8% in its first day’s trading
Once the U.S. consumer investing and trading app began to allow investors to trade its shares, they went down sharply, off more than 10% in the first hours of its life as a floating stock.