Adobe and Figma end $20B acquisition plans after regulatory headwinds in Europe
Adobe’s $20 billion mega-bid to buy rival Figma is now officially dead, after the companies said today that regulatory pushback in Europe had caused them to put an end to the acquisition plans. “Although both companies continue to believe in the merits and procompetitive benefits of the combination, Adobe and
Read moreApple experiments to let developers offer discount bundles on subscriptions
Apple has started experimenting a feature on the App Store that allows developers to offer “contingent pricing” for subscriptions. That means developers can club subscriptions for two apps at a discounted price. In an update on the developer blog, the company said the update lets developers charge a discounted price
Read moreAs the SEC’s new data breach disclosure rules take effect, here’s what you need to know
Starting from today, December 18, publicly-owned companies operating in the U.S. must comply with a new set of rules requiring them to disclose “material” cyber incidents within 96 hours. The regulation represents a significant shake-up for organizations, many of which have argued that the new rules open them up to
Read moreElon Musk’s X faces first DSA probe in EU over illegal content risks, moderation, transparency and deceptive UX design
It’s official! Elon Musk’s X marks the spot of the first confirmed investigation opened by the European Union under its rebooted digital rulebook, the Digital Services Act (DSA). Announcing the opening of a “formal proceeding” today, the European Commission said the investigation will look at whether the social networking platform
Read moreIntegrals involving secants and tangents
As a student, I often made the mistake of thinking that if I knew a more powerful theorem, I didn’t need to learn a less powerful theorem. The reason this is a mistake is that the more powerful theorem may be better by one obvious criterion but not be better
Read moreMeltwater, the media monitoring startup, gets a $65M investment from Verdane
Meltwater, which first made its name around media monitoring and then got active in business intelligence using AI and big data analytics techniques, is picking up a new investor. Verdane, a Norwegian private equity firm that earlier this year closed a $1 billion+ fund to make investments in scaling tech
Read moreIBM to acquire StreamSets and WebMethods from Software AG for $2.3B
IBM is doling out €2.13 billion ($2.3 billion) to acquire a duo of data integration assets from Germany-based enterprise software company Software AG. The all-cash deal will see IBM take ownership of StreamSets, a data integration platform that Software AG had acquired just last year, and WebMethods, which Software AG
Read moreMay Mobility’s driverless microtransit might beat robotaxis to profitability
Autonomous vehicle company May Mobility has launched its first driverless on-demand microtransit service on public roads in Sun City, Arizona in partnership with transit tech company Via. The milestone is in line with May Mobility’s goal of launching rider-only operations by 2023. It also signals that the gentle onramp approach
Read moreSaudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding
Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at $1 billion. Saudi asset manager and financial institution SNB Capital and Sanabil Investments, a wholly-owned company by Saudi’s sovereign wealth
Read moreCruise cuts a quarter of its self-driving workforce, another e-scooter startup folds and a special year-end message
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from
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