ShareChat faces large valuation cut in new funding
ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to below $1.5 billion, according to two sources familiar with the matter. Existing backers including Temasek and Tencent are among the investors in advanced stages of talks to invest in
Read moreEpic won’t ban blockchain games over adults-only ratings
Illustration by Alex Castro / The Verge Blockchain games are returning to Epic Games’ marketplace. The Epic Games Store has a strict ban on games classified as “Adults Only” by the Entertainment Software Rating Board (ESRB) — normally games with excessive nudity or violence. But the marketplace announced today that
Read moreRansomware gang ‘unseizes’ its site and issues new threats after FBI takedown
Illustration: Beatrice Sala The US Justice Department (DOJ) says the FBI has created a decryption tool that helped it return the data of over 500 ransomware victims as part of a multinational law enforcement push. It also wrote that the bureau had seized “several websites” operated by the ALPHV /
Read moreMicromobility.com gets delisted from the Nasdaq
Micromobility.com, formerly Helbiz, was delisted from the Nasdaq on Monday as a result of the company’s noncompliance with the stock exchange’s listing rules, according to a regulatory filing. Competitor Bird — the only other shared micromobility company to brave the public markets — was also delisted from the stock exchange in
Read moreTesla requests pause in federal racial bias lawsuit as it wraps up other cases
Tesla wants to pause a federal agency’s lawsuit against the automaker for racial bias against its Black workers at its Fremont assembly plant. The electric vehicle maker, in a filing in San Francisco federal court Monday, accused the U.S. Equal Employment Opportunity Commission (EEOC) of rushing to file a lawsuit
Read moreSecondaries investors say some valuations are still too high
While valuations have fallen quite a bit, some sectors are still too inflated for secondaries investors to find attractive. © 2023 TechCrunch. All rights reserved. For personal use only.
Read moreVolkswagen, Porsche, Audi to adopt Tesla’s charging standard
The Volkswagen Group is the latest automaker to announce it will adopt Tesla’s so-called North American Charging Standard (NACS), marking one of the last major automakers to embrace what is now the de facto EV plug in the United States. The German giant said Tuesday that future vehicles in its
Read moreIntel swings for the fence with new AI-centric offerings
Last Thursday’s major product launch by Intel Corp. proved that the organization is clearly on an upswing, says Denis Gaudreault, the country manager for Intel Canada, adding that his hope is that in a couple of years, “people will write books on our turnaround.” The launch, he said in an
Read moreAstrobotic ready to launch Peregrine lunar lander in early January
Astrobotic’s first lunar lander is ready for lift-off. The company announced Tuesday that the lander, called Peregrine, has completed final checkouts and fueling after it was mated with United Launch Alliance’s Vulcan Centaur rocket last month. All that’s left now is launch on January 8 — followed, of course, by
Read moreEthSign brings DocuSign-like features to Line, Telegram with a web3 twist
Despite the ongoing regulatory crackdown on the crypto industry and the collapse of some of its poster children, the underlying decentralized technology continues to drive internet incumbents into the web3 space. Telegram and Line, two of the world’s most popular messengers with hundreds of millions of monthly users, have both
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