Daily Crunch

Financial technology company Stripe recently made headlines after a report from The Financial Times surfaced that the company was seeking to raise $2 billion in a new funding round. Stripe’s response to the report? A terse “no comment.” Stripe is a San Francisco-based company that enables businesses to make and accept payments online. It is… Continue reading Daily Crunch

Daily Crunch

Today, in an all-cash transaction, private equity firm Apollo Global Management has purchased Duck Creek Technologies, an insurtech startup, for an estimated 2.6 billion dollars. Duck Creek Technologies is an insurtech company that provides its users with customizable, cloud-based insurance management software as well as related services. Since its launch in 2000, the software has… Continue reading Daily Crunch

Daily Crunch: In layoff update, Amazon CEO tells workers ‘we plan to eliminate just over 18,000 roles’

Amazon, a leading e-commerce giant, recently announced the layoffs of 18,000 employees due to the pandemic. This news has sent shockwaves among Amazon’s workers and the business world alike. The company said the job cuts are made with a heavy heart, as it had added more than 400,000 people to its workforce during the pandemic.… Continue reading Daily Crunch: In layoff update, Amazon CEO tells workers ‘we plan to eliminate just over 18,000 roles’

Daily Crunch: Salesforce CEO admits ‘we hired too many people’ as company lays off +7,000 employees

The tech industry has been one of the hardest hit by the pandemic, and it appears that Salesforce is no exception. Yesterday, Salesforce CEO Keith Block announced that the company was letting go of 7,000 employees, a move he described as “incredibly painful.” The cuts amount to around 8% of their workforce, and the news… Continue reading Daily Crunch: Salesforce CEO admits ‘we hired too many people’ as company lays off +7,000 employees

Daily Crunch

Daily Crunch: Meta to Pay $725M Settlement in Cambridge Analytica Data Access Case Meta, the leading data marketplace, has made news after it announced that it will pay $725 million to settle regulatory charges related to Cambridge Analytica’s data access case. This settlement is the largest in history and sheds light on the serious implications… Continue reading Daily Crunch

Daily Crunch: UK-based news site The Guardian under ransomware attack, editor says

The UK-based news site The Guardian is one of the most popular and widely-read newspapers in Britain and beyond. But the news organization has recently revealed it is the victim of a ransomware attack. The Guardian announced on Tuesday, June 8th 2021, that it was the target of a ransomware attack which had resulted in… Continue reading Daily Crunch: UK-based news site The Guardian under ransomware attack, editor says

Daily Crunch: US law enforcement charges SBF with fraud as he awaits extradition after Bahamas arrest

News of a US law enforcement agency charging businessman Sean “SBF” Faries with fraud rocked the world last week after his arrest in the Bahamas. Faries is now awaiting extradition to the United States, where he will face numerous criminal charges. Sean “SBF” Faries is a high-profile businessman and entrepreneur, managing a variety of investments… Continue reading Daily Crunch: US law enforcement charges SBF with fraud as he awaits extradition after Bahamas arrest

Daily Crunch

Technology has been rapidly advancing and innovating our lifestyle, and now a popular grocery delivery app is taking the lead in this market. Getir, a Turkish-origin grocery delivery app, has acquired rival startup Gorillas in a potentially game-changing $1.2 billion acquisition. Getir, founded in 2015, is among the top grocery delivery apps in Europe and… Continue reading Daily Crunch