Samsung Electronics vice chairman Jay Y. Lee is back in prison following a retrial of his 2017 conviction in a bribery case that helped lead to the downfall of former South Korean president Park Guen-hye. The Seoul High Court sentenced Lee to 30 months on Monday. Lee was originally convicted of bribery in 2017 and…
Tag: technology
Goama (also known as Go Games) lets developers quickly integrate social games into their apps. Some of Goama’s clients have used it for promotional campaigns, while others rely on the platform, which introduces new games every week, to add a full-fledged gaming function to their app. The startup, which recently took part in SOSV’s accelerator…
Five years after its launch, Twitter Moments is growing beyond the American social networking platform. On Monday, Twitter said it had partnered with Dailyhunt to bring Moments to the Indian social app. Dailyhunt app now has a dedicated tab called ‘Twitter Moments India’ to showcase curated tweets pertaining to news and other events in the…
Flipkart on Monday launched SuperCoin Pay that its customers will be able to use across thousands of retail stores across the country as Walmart-owned e-commerce giant bets on its loyalty program to win and sustain its user base in the world’s second largest internet market. The Bangalore-headquartered e-commerce giant said it had partnered with over…
With the last year changing how (and where) many of us work, organizations have started to rethink how well they manage their employees, and what tools they use to do that. Today, one of the startups that is building technology to address this challenge is announcing a major round of funding that underscores its traction…
Israel’s startup ecosystem raised record amounts of funding and produced 19 IPOs in 2020, despite the pandemic. Now tech companies across industries are poised for an even better year, according to more than a dozen investors we talked to in the country. Mainstay sectors like cybersecurity continue to matter, they said, but are maturing (more…
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Click here if you want it in your inbox every Saturday morning. Ready? Let’s talk money, startups and spicy IPO rumors. It was yet another week of startups…
This week kicked off with a report of a GitHub worker who was fired after cautioning his coworkers in the DC area to stay safe from Nazis during the assault on the U.S. Capitol. Meanwhile, Facebook created a new executive role pertaining to civil rights and California’s Proposition 22 faced its first legal challenge this…
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Stay gold, ‘Plaid for X’ startups
A failed acquisition usually triggers the same series of questions: What does this mean for early-stage startups in the sector? Will a chilling effect occur and hurt valuations? Will VCs stop funding this category? How will the exit environment look going forward? This week gave that narrative a bullish twist. Visa and Plaid announced that…
Last CES was a time of reckoning for lidar companies, many of which were cratering due to a lack of demand from a (still) non-existent autonomous vehicle industry. The few that excelled did so by specializing, and this year the trend has pushed beyond lidar, with new sensing and imaging methods pushing to both compete…