Category: money
Facebook’s global currency plans were always doomed
The Libra Association, the Facebook-backed cryptocurrency outfit with plans to own the future of money, has had a change of heart. After almost a full year of criticism, the body has climbed down from its original goal of creating a single “stablecoi… Source
Read More
As stocks recover, private investors aren’t buying the hype
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we need to talk about what we’re hearing from the private markets and the public markets, and how different their messages seem to be. The public markets through yesterday…
Read More
Frank raises $5M more in its quest to get students max financial aid
Frank, a New York-based student-facing startup, has raised $5 million in what the company described as an “interim strategic round” led by Chegg, a public edtech company. According to Frank founder and CEO Charlie Javice, previous investors Aleph and Marc Rowan took part in the round alongside new investor GingerBread…
Read More
Stocks gain despite 6.6M new US unemployment claims
Domestic stocks rose today in the United States, with all major indices opening higher. TechCrunch has slowed its daily coverage of the US stock market as volatility has receded. We try to avoid covering the stock market too much, but there are days when doing so would be derelict. The…
Read More
Fintech’s uneven new reality has helped some startups, harmed others
Fintech startups were hot news before the COVID-19 era, but the pandemic hasn’t bumped the sector out of the headlines. Companies that were pitching optimistic news a few weeks ago are now cutting staff. Others are facing a surge of users trying to find their financial footing in the face…
Read More
New guidance on SBA loans means most startups are still excluded from $349 billion stimulus
Under new guidance issued by the Small Business Administration it seems non-profits and faith-based groups can apply for the Paycheck Protection Program loans designed to keep small business afloat during the COVID-19 epidemic, but most venture-backed companies are still not covered. Late Friday night, the Treasury Department updated its rules…
Read More