Tag: Venture capital
Activist investor group asks SEC to investigate Tesla over plan to shrink board
SOC Investment Group alleges Tesla's board isn't independent enough and favors Elon Musk's personal interests over shareholders'.
Here's what's hot — and what's not — in fintech right now
With a recession possibly on the horizon, investors are writing fewer — and smaller — checks for fintech companies. And they're getting much more selective.
As Klarna and Affirm falter, a new breed of 'buy now, pay later' startups are stealing the spotlight
Venture capitalists are betting a new breed of startups from Europe will be the real winners in the crowded "buy now, pay later" space.
Sequoia says it is optimistic about Southeast Asia's start-ups despite challenging market
Investments in start-ups will be impacted in the short-term, due to the current market environment said Sequoia Southeast Asia.
Billionaire investor Orlando Bravo warns there's 'more pain to come' for the tech sector
Investors asking tech firms for a path to profitability are "not going to love what they see," Bravo said.
'The mood is very grim': Once-hot fintech sector faces IPO delays and consolidation
The bosses of major fintech players have sounded the alarm about deteriorating macroeconomic conditions.
Stripe co-founder hits back at rivals accusing the company of unfair competition
John Collison, Stripe's president, said he's "pretty unapologetic" about decisions to launch similar features to rival fintech firms.
$40 billion payments giant Checkout.com starts accepting stablecoins in major crypto push
Checkout.com said it will let businesses settle payments in the stablecoin USDC through a partnership with crypto security firm Fireblocks.
Here's the email Elon Musk sent all Tesla employees about 10% head count reduction
Tesla is cutting 10% of its salaried employees CEO Elon Musk wrote in an email to all employees there on Friday.
Binance raises $500 million fund to invest in 'Web3' as crypto slides into bear market
Web3 aims to create a new version of the internet based on blockchain technology.
European VCs urge tech start-ups to slash costs and extend the runway
European venture capitalists are advising start-ups in their portfolios to cut costs and freeze hiring as economists warn that another recession is inevitable.
As Klarna cuts jobs, rival fintechs say they're recruiting for hundreds of roles
As Klarna plans to lay off 10% of its workforce, rival fintech firms Revolut and Wise say they're hiring for hundreds of open roles.
Rapid grocery delivery boom comes to a grinding halt as Getir, Gorillas slash jobs
The layoffs highlight a broader shift in investor sentiment toward high-growth tech companies.
Elon Musk wants to know how many fake accounts Twitter has, but experts say his approach is all wrong
Researchers say Elon Musk’s suggested approach for tabulating fake accounts on Twitter is woefully deficient.
For the first time, Japan's SoftBank could spend more on share buybacks than new investments: CLSA
Japanese conglomerate SoftBank Group on Thursday posted a record $27 billion loss in its Vision Fund as tech stocks have plummeted in recent months.