Twitter reveals some of its source code, including its recommendation algorithm

As repeatedly promised by Twitter CEO Elon Musk, Twitter has opened a portion of its source code, including the algorithm it uses to recommend tweets in users’ timelines, for inspection. On GitHub, Twitter published two repositories containing the source code for many parts of the social network, including the mechanism it uses to control the … Read more

US investors slash Byju’s and Swiggy valuation

Some of the biggest Indian startups are taking a haircut in their valuations — at least in the eyes of their investors — as some backers adjust their estimates amid the weakening global economy. BlackRock has cut the valuation of Byju’s, which is India’s most valuable startup at $22 billion, to nearly half at $11.5 … Read more

Ambani bats for cricket glory as Disney scales back in India

Mukesh Ambani’s Jio, the South Asian telecom powerhouse, has long sought to entice its customer base with a plethora of services aimed at boosting subscriber retention. Despite amassing over 425 million customers and claiming the mantle of India’s top network provider—due in large part to its aggressively competitive data pricing—Jio’s array of additional services has … Read more

Ambani bats for cricket glory as Disney scales back in India

Mukesh Ambani’s Jio, the South Asian telecom powerhouse, has long sought to entice its customer base with a plethora of services aimed at boosting subscriber retention. Despite amassing over 425 million customers and claiming the mantle of India’s top network provider—due in large part to its aggressively competitive data pricing—Jio’s array of additional services has … Read more

Ambani bats for cricket glory as Disney scales back in India

Mukesh Ambani’s Jio, the South Asian telecom powerhouse, has long sought to entice its customer base with a plethora of services aimed at boosting subscriber retention. Despite amassing over 425 million customers and claiming the mantle of India’s top network provider—due in large part to its aggressively competitive data pricing—Jio’s array of additional services has … Read more

EV company Canoo agrees to $1.5M settlement with SEC

Electric vehicle startup Canoo has agreed to a $1.5 million settlement with the U.S. Securities and Exchange Commission, according to a regulatory filing. The SEC began investigating Canoo in May 2021, just a few months after the company merged with special purpose acquisition company Hennessy Capital Acquisition Corp. The investigation covered the Hennessy’s IPO and … Read more

EV company Canoo agrees to $1.5M settlement with SEC

Electric vehicle startup Canoo has agreed to a $1.5 million settlement with the U.S. Securities and Exchange Commission, according to a regulatory filing. The SEC began investigating Canoo in May 2021, just a few months after the company merged with special purpose acquisition company Hennessy Capital Acquisition Corp. The investigation covered the Hennessy’s IPO and … Read more

Virgin Orbit burns up in uncontrolled descent

Virgin Orbit is laying off around 85% of its workforce in order to further reduce expenses, after the troubled space company said it was unable to secure additional funding to keep it afloat. The news, which Virgin Orbit filed with the U.S. Securities and Exchange Commission Thursday, comes just two weeks after the company furloughed … Read more

Checkout.com’s new president is bullish on US expansion, says she ‘welcomes’ comparisons to Stripe

Stripe competitor Checkout.com announced last month that Céline Dufétel was appointed as its new president. She had previously served as the London-based fintech startup’s CFO and COO for about 18 months before her promotion. In her expanded role, which still includes serving as the company’s COO, Dufétel oversees all operational and go-to-market teams, including finance … Read more

Discover the Disrupt 2023 Fintech Stage

TechCrunch Disrupt, the premier event for startup investors and founders, is coming back September 19-21, 2023, with an enhanced new format.  This year, we’re rethinking TC Sessions, the standalone industry events series, and merging them into the big annual tech event — which will once again this year be held at the Moscone Center in … Read more