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TikTok ban will benefit Meta, Google and Snap the most: Bernstein

A TikTok ban in the U.S. will likely benefit Meta, YouTube and Snap's revenue and hence their stocks the most, per a Bernstein note.

Ford expects EV business unit to lose $3B this year, hit profitability in late 2026

Any question of what business sector is — and is not — profitable at Ford is no longer a mystery. Ford lost about $3 billion on its EV and digital services business over the past two years, a unit

Accenture to cut 19,000 jobs

Tech consultancy giant Accenture plans to cut 19,000 jobs, or 2.5% of its workforce, and has lowered its annual revenue and profit forecasts, becoming the latest behemoth to trim expenses in the wake

How to spot investment-worthy founders: Look for mindset, competence and confidence

Whether to invest or not lies at the intersection of the founder or management team’s mindset, ability, and motivation.

Workera double downs on AI for upskilling with $23.5M infusion

Workera, an upskilling platform geared toward enterprise customers, today announced that it raised $23.5 million in a Series B round led by Jump Capital with participation from existing investors NEA,

Relativity Space’s first launch fails to reach orbit, but proves its 3D-printing rocket tech works

Relativity Space achieved a massively important milestone at just before 11:30 PM ET on Wednesday, with the first ever flight of its 3D-printed rocket technology. Its Terran 1 rocket took off from Cap

Reselling marketplace Kream’s valuation rises to $742M with $168M Series C

Kream, a luxury resale platform owned by Naver, has closed a $168 million Series C round at a valuation of $742M.

Rwazi to scale its market intelligence platform backed by $4 million seed funding

In emerging markets like Africa, offline retail dominates most product sales, driven by informal trade, and cash-based transactions. This makes the sourcing of data on the true market value or sizes o

YouTube shutting down Indian social commerce app Simsim

YouTube is shutting down its live social commerce app Simsim less than two years after acquiring the Indian startup, but insists that it’s committed to building “a seamless shopping experi

Vue Storefront snaps up $20M to grow its open-source based ‘frontend-as-a-service’ e-commerce toolkit and platform

The current slowdown in e-commerce growth, and in some pockets straight declines in spend, might not seem like the most opportune time to build an e-commerce tooling startup — let alone invest i

IntegrityNext raises $109M for a platform to audit supply chains for ESG compliance

The funding landscape remains very tough for technology startups, but there are still some pockets, and specific companies, driving a lot of interest right now among investors because they look like t

India government-backed open e-commerce network expands to mobility

Open Network for Digital Commerce, the Indian government-backed initiative that is attempting to “democratize” e-commerce, has set its eyes on another industry it would like to disrupt. ONDC, a no

Ex-Flipkart exec’s Flash app wants to be an inbox for your e-commerce needs

Email inboxes are tricky tools because over time they become hard to manage and users have to spend a lot of time searching for what they are trying to find. And if you have been using one email addre

Canva unveils a series of new features, including several AI-powered tools

Canva is introducing a series of new features, including a suite of AI-powered tools, and a new Brand Hub. The company unveiled the new features and tools during its Canva Create virtual event today.

Lun is in a mad rush to help heat-pump installers decarbonize homes

Lun, a climate tech startup out of Denmark, is on a mission to help homes decarbonize fast — starting with heating systems and swapping out boilers for electric heat pumps. What are heat pumps?

WhatsApp introduces a new Windows client with better calling features

WhatsApp has introduced a new Windows client that lets you have video calls with up to 8 people and audio calls with up to 32 people.

Roofstock, valued at $1.9B last year, cuts 27% of staff in second round of layoffs

Proptech company Roofstock has laid off about 27% of its staff today, just five months after the startup laid off 20% of its workforce.

Temasek’s Sheares Healthcare backs Asia-focused mental health startup Thoughtfull

Southeast Asia’s mental health startups are getting more investor attention. Last week, Intellect announced a strategic investment from IHH Healthcare, Asia’s largest private healthcare group. Now

Southeast Asian credit fintech Kredivo scores $270M Series D

The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings, which offers credit services to underbanked consumers in Indonesia and Vietna

Epic launches Unreal Editor for Fortnite, will give 40% of all revenue to creators

Epic Games announced a new system for paying creators on Fortnite, the ultra-popular, free-to-download battle royale game. Announced on Wednesday at the Game Developers Conference, Epic will now share
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