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Dropbox-like cloud storage service Shadow Drive lowers its price

Shadow has decided to cut the price of its cloud storage service Shadow Drive. Users can now get 2TB of storage for €4.99 per month instead of €8.99 per month. As for the free tier, things aren’

Shopify’s Shop app introduces a new ‘Shop Cash’ rewards program

Shopify’s Shop app is introducing a new rewards program called Shop Cash, the e-commerce platform announced on Friday. The new program is funded by Shopify and earns shoppers 1% back on purchase

NestAway, once valued at over $225 million, sells for $11 million

PropTech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup

Volkswagen targets cool with a new American-sized ID.Buzz

It’s been far too long and yet you’re going to have to wait a bit longer. After years of impatient waiting, the U.S. version of the Volkswagen ID.Buzz finally made its debut Thursday in Hu

Puneet Chandok, AWS India and South Asia head, has resigned

Puneet Chandok, the head of AWS in India and South Asia, has resigned, according to two sources familiar with the matter, a surprise move just weeks after the cloud giant pledged to invest over $12 bi

Gig workers in California to receive millions for unpaid vehicle expenses

Uber, Lyft, DoorDash and other app-based ride-hail and delivery companies will have to reimburse California gig workers potentially millions of dollars for unpaid vehicle expenses between 2022 and 202

Twitter’s trust and safety lead Ella Irwin resigns

Twitter’s head of trust and safety Ella Irwin has resigned, the now-former executive confirmed to Reuters on Thursday. Irwin took over for Yoel Roth, who famously left the company during the ear

NASA, Boeing delay the first crewed flight test of the Starliner capsule…again

Boeing and NASA said Thursday that the first crewed flight test of the Starliner capsule would be further delayed due to a new crop of technical issues with the spacecraft. The first crewed mission wa

Turncoat drone story shows why we should fear people, not AIs

A story about a simulated drone turning on its operator in order to kill more efficiently is making the rounds so fast today that there’s no point in hoping it’ll burn itself out. Instead

Fidelity has cut Reddit valuation by 41% since 2021 investment

Fidelity, the lead investor in Reddit’s most recent funding round in 2021, has slashed the estimated worth of its equity stake in the popular social media platform by 41% since the investment. F

Rocket Lab’s private mission to Venus slips to 2025

Rocket Lab’s mission to Venus, which was originally scheduled to launch last month, is “not imminent,” a spokesperson confirmed to TechCrunch. That means the mission will likely move

Salesforce could be repositioning itself as a data company

As Salesforce delves deeper into AI, the data exhaust from its core products could eventually be its most valuable asset.

‘Stranger Things’ game developer BonusXP is shutting down

BonusXP, the game studio that worked with Netflix to kick off its gaming initiative and introduced “Stranger Things” titles on mobile devices, as well as on desktop and consoles, is shutti

Monthly crypto exchange volume tumbled in May, hitting 32-month low

Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more. Welcome back to Chain Reaction. Although there are a lot of builders in the crypto space, the total money being invested int

Drive times app ETA brings its handy location dashboard to CarPlay

Nearly a decade after its launch, ETA‘s simple drive times app is finally making its way to Apple’s CarPlay. The newly updated app, which offers an alternative first step to planning a tri

Meet me at the dog run

You’ll have to forgive me, I spent most of the morning thinking and writing about VR. In the lead-up to Apple’s expected headset announcement at WWDC next week, I did a one-person crash course int

More SpaceX Starlink terminals will go to Ukraine following new order from Pentagon

The Department of Defense said Thursday it is buying more Starlink terminals from SpaceX for use in Ukraine, as the conflict between that country and Russia wages well into its second year. The Pentag

Filings reveal PE and VC returns amid escalating write-downs

Some high-profile venture capital and private equity firms are slashing the valuation of their holdings, causing billions in apparent profits to evaporate as the economic downturn undermines the susta

Fintech giant Stripe is getting into the credit game

Stripe wants to make it easier for businesses to access credit. The private financial infrastructure giant announced a new charge card program today from Stripe Issuing, its commercial card issuing pr

Germany’s antitrust watchdog questions the future of behavioral advertising

Germany’s antitrust watchdog made some interesting comments vis-à-vis the programmatic advertising market yesterday — which question the appropriateness and sustainability of the (still d
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