Category: covid-19
TripActions reportedly lays off hundreds amid COVID-19 travel freeze
The coronavirus demand crunch has taken another bite: Palo Alto-based corporate travel-focused unicorn, TripActions, reportedly laid off hundreds of staff yesterday. Per this post on Blind — written by someone with a verified TripActions email address — the company fired 350 people. Business Insider reported the same figure yesterday. While…
Read More
Kry launches free service for doctors to do video consultations during COVID-19 crisis
Swedish telehealth startup Kry has launched a tool for healthcare professionals to conduct remote consultations during the coronavirus pandemic. Calls for EU citizens to self isolate to reduce the spread of COVID-19 is driving major demand for video appointments, it said. The platform — Care Connect by Kry — is…
Read More
France announces $4.3 billion plan to support startups
France’s Ministry of State for Digital Affairs Cédric O and public investment bank Bpifrance announced a comprehensive support plan for startups this morning. Some French startups are going to face revenue issues as well as funding issues in the coming months. The French government wants to temporarily bridge that gap…
Read More
Senate, White House reach deal on $2 trillion stimulus package to lessen COVID-19’s economic impact
After five days of negotiations, Senate leaders and the Trump administration the White House said early Wednesday morning that Senate leaders and the Trump administration have reached a deal on a $2 trillion stimulus package to help relieve the economic impact of COVID-19. “Ladies and gentlemen, we are done. We…
Read More
Rocket Lab postpones next mission due to coronavirus pandemic
Rocket Lab is the latest new space company to feel the impact of the global coronavirus pandemic: The small satellite launcher announced on Tuesday that it would be suspending its next launch, a mission called ‘Don’t Stop Me Now’ that was set to take-off from Rocket Lab’s Launch Complex 1…
Read More
Wefunder launches campaign to help coronavirus-impacted small businesses crowdfund loans
With the COVID-19 crisis, startups across Silicon Valley are looking for opportunities where they can both increase the visibility of their services and be helpful to people and businesses deeply affected by the pandemic. Wefunder, an investment crowdfunding platform, announced an initiative Tuesday to help small businesses impacted by the…
Read More