Macquarie cuts Paytm target on ‘serious risk of exodus of customers’
Macquarie dramatically cut its 12-month price target on One97 Communications, the parent company of digital payments firm Paytm, citing risks of customers leaving the platform in the wake of heightened regulatory scrutiny. Macquarie, which famously predicted the slump at Paytm before the listing, lowered its target to 275 rupees (down 57.7%
Read morePresident Biden has a meme strategy, and it’s leaning on Dark Brandon
President Joe Biden’s reelection campaign has finally set up shop on TikTok. Despite controversy in Congress over the app, TikTok is an indispensable tool for presidential candidates to reach young voters, experts say. “I wasn’t surprised at all to see that the campaign launched a TikTok account, because it would
Read moreThe not-so-secret-anymore lunar mining startup
Hello and welcome back to TechCrunch Space. We're just two days away from Intuitive Machines' first-ever mission to the moon. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreHackers uncover new TheTruthSpy stalkerware victims: Is your Android device compromised?
A consumer-grade spyware operation called TheTruthSpy poses an ongoing security and privacy risk to thousands of people whose Android devices are unknowingly compromised with its mobile surveillance apps, not least due to a simple security flaw that its operators never fixed. Now, two hacking groups have independently found the flaw
Read moreThat anti-Tesla Super Bowl ad just got the wrong kind of attention from the NTSB
The National Transportation Safety Board, a U.S. government agency that investigates crashes, has ordered the Dawn Project organization to stop using its seal after it appeared in a Super Bowl ad that called for consumers to boycott Tesla. The NTSB said in a letter that its seal must be immediately
Read moreSpotify’s layoffs put an end to a musical encyclopedia, and fans are pissed
On a brutal December day, 17% of Spotify employees found out they had been laid off in the company’s third round of job cuts last year. Not long after, music fans around the world realized that the cult-favorite website Every Noise at Once (EveryNoise), an encyclopedic goldmine for music discovery,
Read moreAs spot bitcoin ETF volumes continue to rise, Bitwise Asset Management predicts a high ceiling for growth
Bitwise runs the Bitwise Bitcoin ETP, currently the fourth-largest spot bitcoin ETF by market cap. But the road to this point wasn’t easy. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreTwitter rival Spoutible alleges smear campaign amid security breach controversy
A user on the Twitter/X alternative Spoutible claims the company deleted their posts after they pushed Spoutible CEO Christopher Bouzy to be more honest about the nature of its recent security issue. The claims, which the company denies, are the latest bizarre twist in the security incident saga taking place
Read moreHomebrew targets $50M for new fund
Venture capital firm Homebrew is targeting $50 million for a new fund, according to a new filing with the U.S. Securities and Exchange Commission. The filing comes as a bit of a surprise considering that Homebrew nearly two years ago said it was pursuing a more stage-agnostic evergreen model that
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