Tech


 

15 of Softbank portfolio companies will go bankrupt: Masayoshi Son

“I would say 15 of them will go bankrupt,” Son says. That’s OK, he adds, as long as a similar number of 15 or so companies break out. Between the WeWork debacle and the coronavirus, the markets have deemed Masayoshi Son’s $100 billion Vision Fund largely worthless. But the world’s most important investor over the past three years has other Softbank assets, a track record -- and a plan. The post 15 of Softbank portfolio companies will go bankrupt: Masayoshi Son appeared first on NextBigWhat.
Tags: Business, Softbank, Tech, Masayoshi Son


Bill Murray Explains How He Was Saved by John Prine

Judging by the outpouring of affection in online comment sections, Chicago folk musician John Prine (may he rest in peace) has helped a great many of his fans through tough times with his humanist, oft-humorous lyrics. Add funny man Bill Murray to the list. Taping a video in support of The Tree of Forgiveness, Prine’s first album of new material in over a decade, Murray recalled a grim period in which a deep funk robbed him of all enjoyment. Though he carefully stipulates that this “bumm...
Tags: Google, Music, NYC, College, Life, Chicago, Bill Murray, Hunter S Thompson, Mars, Rolling Stone, The Washington Post, Montgomery, Thompson, Murray, Facebook Twitter, Kris Kristofferson


Verizon Is Cancelling Home Internet Installations During the Pandemic

According to The Verge, Verizon is canceling scheduled appointments for internet installation and repairs, "[leaving] Fios subscribers without wired internet at a time when they're likely relying on it for work and to see friends and family during the COVID-19 pandemic." From the report: "We are minimizing our in-home installation work to critical needs to keep our employees and customers safe and to reduce the spread of COVID-19," Verizon says in a support document. "To reduce the spread of COV...
Tags: Verizon, Tech, COVID


Coronavirus: California scrambles to issue extra $600 jobless payments

More than 2 million Californians have recently filed for jobless benefits, Gov. Gavin Newsom said Tuesday, and state officials are scrambling to get newly out-of-work residents the larger unemployment benefits enabled by the federal CARES Act to ease coronavirus-spawned economic devastation. Gov. Newsom estimated at a news briefing on Tuesday, April 7 that about 2.3 million people have filed claims for unemployment insurance, a grim assessment that is likely only to intensify pressure to begin t...
Tags: Business, Technology, Jobs, News, California, California News, Sport, Economy, SU, Soccer, Gavin Newsom, Tj Maxx, Pomona, Bay Area News Group, California Labor, Employment Development Department


Australian startup SafetyCulture nabs $800 million valuation on $35.5 million round

SafetyCulture, the Australian enterprise software company that manages security and compliance checks at companies around the world, has raised $35.5 million at an $800 million valuation in its latest round of funding. Nearly half of the new money was meant to provide liquidity to employee shareholders who had been with the company over three years, according to a person familiar with the transaction. The round was led by the Australian growth capital investor TDM Growth Partners, with participa...
Tags: TC, US, Tech, Accor, Malcolm Turnbull, Kansas City, Manila, Scott Farquhar, Bob Butler, Kim Jackson, TDM Growth Partners, Blackbird Ventures Skip Capital, Luke Anear, Kansas City Sydney Townsville Manchester, SafetyCulture s Americas, Emirates Coca Cola GE IKEA Unilever BHP Billiton


Australian startup SafetyCulture nabs $800M valuation on $35.5M round

SafetyCulture, the Australian enterprise software company that manages security and compliance checks at companies around the world, has raised $35.5 million at an $800 million valuation in its latest round of funding. Nearly half of the new money was meant to provide liquidity to employee shareholders who had been with the company over three years, according to a person familiar with the transaction. The round was led by the Australian growth capital investor TDM Growth Partners, with participa...
Tags: TC, Ge, Coca-cola, US, Tech, Unilever, Ceo, Companies, United States, Healthcare, Manchester, Emirates, Sydney, Ikea, Accor, Retailers


Easy-To-Pick 'Smart' Locks Gush Personal Data, FTC Finds

An anonymous reader quotes a report from Ars Technica: A padlock -- whether it uses a combination, a key, or "smart" tech -- has exactly one job: to keep your stuff safe so other people can't get it. Tapplock, Inc., based in Canada, produces such a product. The company's locks unlock with a fingerprint or an app connected by Bluetooth to your phone. Unfortunately, the Federal Trade Commission said, the locks are full of both digital and physical vulnerabilities that leave users' stuff, and data,...
Tags: Tech, Ars Technica, Canada, Federal Trade Commission, Ftc, Respondent, Ars Technica Read, TappLock, Tapplock Inc


Man arrested for alleged price gouging during coronavirus fears, selling box of N95 masks for $300

Baldwin Park police had received a tip about a Craigslist advertisement of N95 respirator masks for sale. The listed price for a single box of 20 masks, which are currently in short supply in hospitals across the nation during the new coronavirus pandemic: $300. Detectives wearing plain clothes and posing as buyers contacted the man behind the post and met with him on Tuesday morning at a shopping center parking lot in West Covina, police said. As a part of the ruse, the detectives exchanged the...
Tags: Crime + Public Safety, Local News, News, Coronavirus, Top Stories Breeze, Top Stories IVDB, Top Stories LADN, Top Stories LBPT, Top Stories OCR, Top Stories PE, Top Stories PSN, Top Stories RDF, Top Stories SGVT, Top Stories Sun, Top Stories WDN


It's a 'Cold War Every Day' Inside Apple's IS&T Group

An anonymous reader shares an excerpt from a report via BuzzFeed News: A group inside Apple called Information Systems & Technology, or IS&T, builds much of the company's internal technology tools -- from servers and data infrastructure to retail and corporate sales software -- and operates in a state of tumult. IS&T is made up largely of contractors hired by rival consulting companies, and its dysfunction has led to a rolling state of war. "It's a huge contractor org that handles a crazy amount...
Tags: Apple, Tech, Alex Kantrowitz, Kantrowitz, T Group, Sabapathy, Archana Sabapathy, Wipro Infosys, Information Systems Technology


Taiwan Tells Agencies Not To Use Zoom On Security Grounds

Taiwan's cabinet has told government agencies to stop using the Zoom conferencing app due to privacy and security woes. Reuters reports: Zoom's daily users ballooned to more than 200 million in March, as coronavirus-induced shutdowns forced employees to work from home and schools switched to the company's free app for conducting and coordinating online classes. However, the company is facing a backlash from users worried about the lack of end-to-end encryption of meeting sessions and "zoombombin...
Tags: Google, Microsoft, Tech, Taiwan, Fbi, Reuters


The Best Huawei P40 cases

Whether you're a careful owner or a careless daredevil, these five cases will protect your new Huawei P40.
Tags: Android, Mobile, Trends, Huawei, Buying Guides, Accessory of the Week, Huawei P40


Hong Kong startup Neat raises $11 million Series A to give small companies more financial services

Neat, a Hong Kong-based fintech startup, announced today that it has raised a $11 million Series A to help small businesses do cross-border trade. The round was led by Pacific Century Group, with participation from Visa and MassMutual Ventures Southeast Asia, and returning investors Dymon Asia Ventures, Linear Capital and Sagamore Investments. Neat also announced a strategic partnership with Visa, which means that in the next few months Neat will start issuing Visa credit cards to SMEs and st...
Tags: Fundings & Exits, Startups, TC, Asia, Hong Kong, London, San Francisco, Tech, Neat, Fintech, Shenzhen, Visa, Rosa, MassMutual Ventures, SMEs, Ryan Collins


Hong Kong startup Neat raises $11M Series A to give small companies more financial services

Neat, a Hong Kong-based fintech startup, announced today that it has raised a $11 million Series A to help small businesses do cross-border trade. The round was led by Pacific Century Group, with participation from Visa and MassMutual Ventures Southeast Asia, and returning investors Dymon Asia Ventures, Linear Capital and Sagamore Investments. Neat also announced a strategic partnership with Visa, which means that in the next few months Neat will start issuing Visa credit cards to SMEs and st...
Tags: Fundings & Exits, Startups, TC, Asia, Hong Kong, London, San Francisco, Tech, Neat, Fintech, Shenzhen, Visa, Rosa, MassMutual Ventures, SMEs, Ryan Collins


Netflix Tightens Its Parental Controls for Cooped-Up Kids

Netflix is strengthening parental controls, offering more tools to limit what kids can watch on the world's most popular paid streaming service. From a report: Parents can now filter out titles they deem inappropriate and protect individual profiles with a PIN so kids can't use them, the company said Tuesday. These changes take effect for customers in all 190 countries where the streaming service is available. Read more of this story at Slashdot.
Tags: Tech, Netflix


Silicon Valley Bank only started processing stimulus loan applications today

In a sign of just how broken the process is for startups looking to receive stimulus dollars, Silicon Valley Bank, the bank that claims “more innovative startups bank with us than any other bank,” only just began processing claims today. “Since the CARES Act and the PPP were announced, we have been hard at work advocating for our clients to have access to this funding. We have been working around the clock to develop a process that works for our clients. Thousands of companies have indicated ...
Tags: TC, Business, Small Business, Entrepreneurship, Articles, Los Angeles, Entrepreneur, Tech, Spokesperson, Bank Of America, Economy, Chase, Treasury, Bank, Private Equity, PPP


New US Press Secretary Kayleigh McEnany ran a racist, right-wing conspiracy blog

I’m about three hours into a deep wallow in new US Press Secretary Kayleigh McEnany’s blog and – spoiler alert – it’s a hot mess full of racism, Islamophobia, and right-wing conspiracy theories. The website – whose name changed from RealReaganConservative.Com to PoliticalProspect.com – appears to have gone into “maintenance mode” back in 2016, which of course coincides with Trump’s election. It appears McEnany had a lot to say about African Americans, liberals, Muslims (with a specific emphasis ...
Tags: Startups, Politics, US, Insights, Tech, United States, Trump, Kayleigh McEnany, McEnany


Apple Music Launches $50 Million Advance Royalty Fund to Make Sure Independent Labels Can Pay Artists

Apple Music today told independent record labels that it is launching a $50 million advance royalty fund to make sure that artists get paid amid the ongoing pandemic. In letters sent out to record labels that were seen and shared by Rolling Stone, Apple said that livelihoods are at risk and that it "wants to help."These are difficult times for the music industry globally. Livelihoods are at risk, with multiple sources of income that our industry relies on vanishing overnight. Apple has a deep...
Tags: Apple, Apple Music, Rolling Stone Apple, Royalty Advance, Apple Music Launches


Latin America Roundup: Grupo ZAP, Grow Mobility, Wavy get acquired; Credijusto adds $100M; Cornershop, iFood brace for delivery boom

Sophia Wood Contributor Share on Twitter Sophia Wood is a Venture Partner at Magma Partners. Sophia is also the co-founder of LatAm List, an English-language Latin American tech news source. More posts by this contributor Latin America Roundup: SoftBank adds $1B, Stori raises $10M and Grow Mobility puts on the brakes Latin America Roundup: Loft raises $175M, SoftBank invests in Mexico’s Alphacredit and Rappi...
Tags: Amazon, Column, Twitter, Mexico, Softbank, Time, Tech, Walmart, Colombia, United States, Chile, Credit Suisse, Paraguay, Brazil, Argentina, Peru


WeWork Sues SoftBank In Intensifying Crisis Over Canceled $3 Billion Tender Offer

Just days after SoftBank announced that it would not consummate its $3 billion tender offer for WeWork shares that would have bought out some of the equity held by the company's co-founder Adam Neumann along with venture capital firms like Benchmark and many individual company employees, the company is now retaliating, suing SoftBank over alleged breach of contract and breach of fiduciary duty. TechCrunch reports: In a press statement this morning, the Special Committee of WeWork's board said th...
Tags: Softbank, Tech, WeWork, Adam Neumann, Special Committee, Special Committee of WeWork


Restaurant management platform Toast cuts 50% of staff

Last valued at $5 billion, restaurant management platform Toast has joined the sweep of startups laying off employees due to the economic impact of the COVID-19 pandemic. Toast reduced the size of its staff by 50% through layoffs and furloughs, according to a blog post from Toast’s CEO, Chris Comparato. It also reduced executive pay across the board, froze hiring, halted bonuses and pulled back offers. The company’s flagship product helps restaurants process payments and handle orders through a ...
Tags: Startups, TC, Tech, Chris Comparato, TCV, Personnel, Crunchbase News, Coronavirus, Covid19, Grubhub Toast, Tim Barash


Tyto Care raises $50 million as it looks to buy and build new services during COVID-19 demand surge

Tyto Care, the provider of a home health diagnostic device and telemedicine consultation app, said it has raised $50 million in a new round of funding. The round was led by Insight Partners, Olive Tree Ventures, and Qualcomm Ventures, according to a statement, and brings the startup’s total capital raised to more than $105 million. The funding comes just as Tyto has seen a dramatic surge in demand brought on by the global response to the COVID-19 pandemic. Tyto Care’s toolkit is being used...
Tags: Health, Startups, TC, Technology, Israel, Tech, Healthcare, Healthcare Industry, Telemedicine, Qualcomm Ventures, Best-buy, Gilad, Telehealth, Health Systems, Tyto, Tyto Care


Google's G Suite now has 6 million paying business customers, as it ramps up competition with Microsoft and Zoom (GOOGL)

Google's bundle of productivity tools for businesses and schools, G Suite, now has 6 million paying customers, up from the 5 million it had in February 2019. The new numbers come as much of the world is working from home and schools turn to online learning, to try and mitigate the spread of coronavirus.  Google's Hangouts Meet video meeting tool, part of G Suite, now has 25 percent more users than it did in January, according to CNBC. However, Google faces intense competition from Zoom, Micros...
Tags: Google, Microsoft, New York City, Trends, Cisco, Google Docs, Cnbc, Zoom, Javier Soltero, G Suite, Microsoft Teams, CNBC However Google


How to update iPhone apps on iOS 13 manually, or set them to update automatically when new versions are released

To update apps on iOS 13, you'll need to head to your "Account" menu in the App Store. Most apps will update on their own, but you can use this page to manually update any apps that are queued up. Visit Business Insider's homepage for more stories. Keeping the apps on your iPhone up to date is important not only for security reasons, but to ensure you have all the latest features.  While you can always set your apps to update automatically so you don't have to keep an eye on them, if you pref...
Tags: Apple, Trends, Beverly Hills, Jeff Bezos, App Store


Trump Threatens To Withhold Funding For World Health Organization

What better way to celebrate World Health Day than by threatening to withhold funding for the World Health Organization. That's exactly what President Trump said he was considering today at Tuesday's coronavirus press briefing. The New York Times reports: "We're going to put a hold on money spent to the W.H.O.; we're going to put a very powerful hold on it and we're going to see," Mr. Trump said, accusing the organization of having not been aggressive enough in confronting the dangers from the v...
Tags: China, Tech, United States, New York Times, Trump, Don, Wuhan China, New York Times Trump


UW Medicine seeks 25,000 volunteers to try an outbreak-predicting smartphone app

Can a smartphone app generate an early warning for an outbreak of coronavirus, flu, colds or other infections? A project funded by the Pentagon with an assist from the University of Washington aims to find out. UW Medicine is recruiting 25,000 people nationwide for an app-based experiment called HIPPOCRATIC (which stands for Health and Injury Prediction and Prevention Using Complex Reasoning and Analytic Techniques Integrated on a Cellphone App … with a bit of poetic license.). The app is funded...
Tags: Technology, News, Pentagon, University of Washington, Defense Advanced Research Projects Agency, UW Medicine


Russian Telco Hijacked Internet Traffic of Google, AWS, Cloudflare, and Others (slashdot)

Last week, traffic meant for more than 200 of the world's largest content delivery networks (CDNs) and cloud hosting providers was suspiciously redirected through Rostelecom, Russia's state-owned telecommunications provider. From a report: The incident affected more than 8,800 internet traffic routes from 200+ networks, and lasted for about an hour. Impacted companies are a who's who in the cloud and CDN market, including big names such as Google, Amazon, Facebook, Akamai, Cloudflare, GoDaddy, D...
Tags: Google, News, Msmash, Rostelecom Russia


Unqork CEO: Anything Java Coders Can Do, No-Code Can Do 200x Faster (slashdot)

Here's some interesting thoughts from long-time Slashdot reader theodp: CNBC reports that the next frontier in the Microsoft, Google, Amazon cloud battle is over a world without code. Google recently acquired no-code app development platform AppSheet, Microsoft just launched a new public preview of its low-code Power Apps mobile app for iOS and Android, and there is speculation about an 'Amazon for Everyone' product from AWS. "Anything a Java developer or engineer can build using custom code, ...
Tags: Google, Amazon, News, Cnbc, Slashdot, Microsoft Google Amazon, EditorDavid, Gary Hoberman, AppSheet Microsoft


Zillow and Trulia beat back patent infringement suit for listing apps

'This ruling ensures we will be able to continue to provide this information,' said a Zillow Group spokesperson.
Tags: Technology, Radio, Lawsuits, Zillow, Trulia, Patent Infringement, Zillow Group, Michael Gorman, Select, Prior Art, Lindsey Lombardi, Corus Realty Holdings, Property Information



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