1018 days ago
Tiger Global is in talks to invest about $250 million into Indian fintech specialist BharatPe, TechCrunch reported. The Series E could value the company at $2.5 billion, up from the $900 million valuation it reportedly received earlier this year. The startup offers a platform for mobile payments and loans aimed at small businesses. The month of March saw the firm hit a new high with 106M monthly transactions.
1021 days ago
The first place goes to Spotify, which racks up 25% of US podcast listeners. However, the first place is not always clear. If Facebook is hands down the first social media, it is quite harder to determine for podcasts platforms as many have signed exclusive deals with shows so that users have to switch between platforms to consume the content they want.
1021 days ago
Just as tech was starting to outperform again, we are seeing the largest 6-week tech outflow since January 2019.
1021 days ago
This is not the first EV startup to disappoint after going public via SPAC (think Nikola). It seems that Lordstown Motors also profited from relaxed regulations to make it looks like they were more ready than they really were. However, things went south went both the CEO and CFO as well as other key players left the company earlier this week. While the company claims to have orders and enough cash to hold until May 2022, sources claim that the said 100,000 pre-orders were a lie meant to raise more capital, and that even more capital would be needed to complete their technologic development. The share fell from over $30 to almost $4 before climbing back around the $10.
1021 days ago
Podcast listening exploded in the past year, with some reports estimating that 80 million Americans or 28% of the US population over the age of 12 listen to podcasts on a weekly basis, a 17% growth over 2020. Apple wants in. Podcasts are now included within Apple's broader services business, which comprises Apple music, videos and cloud services. Though Apple does not provide specific sales figures for the App Store, net sales in the company's services business came to $16.90 billion for the March quarter and comprised about 19% of Apple's total net sales in the period.
