Category: TC
US markets halt trading after global equities retreat, oil collapses, bond yields fall, and cryptos drop
Welcome to the bloodbath. This morning trading was halted on the major stock exchanges after the S&P 500 fell to 7% triggering what are one of the so-called circuit breakers to stop an absolute market rout. Within seconds of opening stocks fell sharply lower, with the Dow Jones Industrial Average…
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Silver Lake makes $1B investment into Twitter; Twitter, Elliott call truce as Dorsey stays as CEO
After a week in which it looked like activist investor Elliott Management might try to force out Jack Dorsey as CEO of Twitter to help boost the social platform’s flagging growth, it looks like we have a truce of sorts between the two. Today, Twitter announced that it has received…
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Momentus buys six slots on SpaceX’s SmallSat Rideshare missions
Momentus, the in-space shuttle service for payloads, has bought six spaces on SpaceX SmallSat Rideshare Program missions. The launches include five trips to Sun-Synchronous orbit and one to mid-inclined low Earth orbit, and after delivery, Momentus’ small space shuttles will carry customers’ payloads to customized drop-off altitudes and orbits. The…
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Uptrust raises new money to fight mass incarceration with technology
While most technology companies are building up a surveillance state to serve political powers and private profiteering, Uptrust is using some of those same tools to make it easier to move people out of the criminal justice system. And the San Francisco-based startup has just raised $1.3 million to expand…
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Australia sues Facebook over Cambridge Analytica, fine could scale to $529BN
Australia’s privacy watchdog is suing Facebook over the Cambridge Analytica data breach — which, back in 2018, became a global scandal that wiped billions off the tech giant’s share price yet only led to Facebook picking up a $5BN FTC fine. Should Australia prevail in its suit against the tech…
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Goodlord, the proptech startup that offers a SaaS for rentals, has raised £10M in Series B funding
Goodlord, the London ‘proptech’ startup that offers cloud-based software to help estate agents, landlords and tenants manage the rental process, appears to have achieved somewhat of a turn-around after it fell into difficulty two years ago. Since then the company installed a new CEO and CTO, and raised further funding.…
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