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Match settles lawsuit with Tinder co-founders for $441 million

Dating app giant Match has settled its lawsuit with a group of Tinder founders and executives for $441 million. The suit, filed in 2018, had alleged that IAC and its then-subsidiary Match Group had m

GM to form new joint venture with POSCO Chemical aimed at key battery component

General Motors is deepening its commitment to operate a vertically integrated battery supply chain with the announcement that it would form a joint venture with South Korea-based POSCO Chemical to bui

Sony’s $9,000 pro drone starts shipping Christmas Eve

You’d be forgiven if the AirPeak S1 slipped your mind. It’s been a long, weird 13 or so months since Sony first teased the pro-level drone. After a November 2020 reveal, the company offered some m

US hacker jailed for role in multimillion-dollar SIM swapping campaign

The final member of an international hacking group known as ‘The Community’ has been sentenced for his role in a multimillion-dollar SIM hijacking campaign, the U.S. Department of Justice (DOJ) an

AWS launches four new storage services aimed at improving data management

At its annual re:Invent conference, AWS announced four new storage services and capabilities aimed at delivering more choice, reducing costs and helping customers better protect their data. The first

Blue Origin’s Ariane Cornell is coming to TC Sessions: Space 2021

It’s hardly an exaggeration to say that Blue Origin had a banner year in 2021 — the company flew people to space for the first time using its reusable New Shepard launch vehicle. The company h

Don’t miss what’s happening tomorrow at the iMerit ML DataOps Summit 2021

Tomorrow’s the day, folks! Join more than 1,600 attendees at the iMerit ML DataOps Summit 2021, a free, day-long series of masterclasses focused on AI, ML and the data solutions that power and impro

US government agencies bought Chinese surveillance tech despite federal ban

This story was reported in partnership with video surveillance news site IPVM. At least three U.S. federal agencies, including the military, have purchased China-made video surveillance equipment bann

Reddit introduces new real-time features including typing and comment indicators

Reddit is rolling out several new real-time features including voting and comment count animations, typing indicators, reading indicators and new comment indicators. The new features are rolling out g

Avoiding brand risk in podcast advertising

With audio advertising on the rise with no signs of slowing down, here’s what brands need to consider when diving into the growing audio pool.

Meta explains its approach to user safety following delayed rollout of end-to-end encryption

Meta (formerly Facebook) recently announced its plans to delay the rollout of end-to-end encryption across its messaging service until sometime in 2023, citing concerns from child safety advocates who

Niantic buys gameplay recording app Lowkey to improve its in-game social experience

Niantic has acquired another company to help build out its augmented reality platforms: Lowkey, an app you can use to easily capture and share gameplay moments.

Urtopia e-bike is basically a computer on wheels

Urtopia, the latest e-bike brand from China, has other ideas. Its debut ride is, on paper, one of the most tech-heavy bikes we’ve seen. The spec sheet reads more like a phone’s than a next-gen fi

Cannabis and banking vets launch credit card for dispensaries

Most consumer cannabis transactions are done in cash, legal or not. Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide services to

Have we reached peak founder-friendliness?

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. This is our Wednesday episode when we niche down to a single to

Markai raises $4M from Pear VC, Sea Capital and others to buy Chinese e-commerce brands

China has attracted yet another e-commerce roll-up to enter its gargantuan e-commerce market. Markai, founded by two Stanford business school grads, has joined the fray to buy out Chinese brands seeki

Goalsetter raises $15 million to go B2B with children’s financial literacy app

Goalsetter, a financial education platform for kiddos, has announced the close of a $15 million Series A financing round. The funding was led by Seae Ventures, with participation from Fiserv, Mass Mut

Look, another Nook

Let’s be honest: the e-reader market isn’t what it used to be. Amazon has long dominated the market, and Kobo is still doing its thing — but even then, it always feels like an unexpected sur

China banning foreign IPOs would be pretty unsurprising

China is considering removing the VIE loophole that allowed Chinese companies to list in the United States, closing a method by which local companies could access foreign capital.

TikTok adds creator monetization features, including tips and video gifts

TikTok is today introducing new ways for its creators to make money from their content. While already, the short-form video platform allowed creators to accept virtual gifts from fans during TikTok LI
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