On 9th August 2020, the Punjab Police of India shut down the entire internet connection in several districts of the state as it launched a statewide crackdown against a prominent Sikh separatist group. This abrupt decision led to 27 million people without access to the internet, creating a digital blackout. According to the reports, the… Continue reading 27 Million Indians Lose Internet Access as Punjab Police Hunt Sikh Separatist
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Feds seized $2.7 million of Chinese billionaire’s money from Trump-aligned social network
The Federal Government of the United States recently seized a shocking $2.7 million of a Chinese billionaire’s funds that were linked to a Trump-aligned social network. The Attorney General announced that this money was seized from “GTV Media Group”, a company owned by Chinese billionaire Guo Wengui. GTV Media Group was founded in 2017 and… Continue reading Feds seized $2.7 million of Chinese billionaire’s money from Trump-aligned social network
A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down
When news of the global financial crisis began to hit Silicon Valley in the spring of 2008, venture capital firms felt the reverberations. But no firm felt the pressure more intensely than SVB Financial Group, a financial services company with a roster of venture capitalists who had been making big investments in startup companies for… Continue reading A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down
Kraken pays a $30 million fine and shuts down crypto staking in the US
On April 15th, 2021, Kraken, a leading crypto exchange marketplace, announced that it will pay a $30 million fine and cease its crypto staking services in the United States. This follows an investigation by the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) into alleged inadequacies in the company’s… Continue reading Kraken pays a $30 million fine and shuts down crypto staking in the US
Walmart-backed PhonePe’s
PhonePe, a digital payment platform backed by Walmart, is taking the Indian market by storm. Its nine-month 2022 revenue surged to a record-breaking $234 million, up from $96 million in the same period a year earlier. This represents a whopping 142% year-on-year growth and highlights the company’s remarkable success in the country. PhonePe was the… Continue reading Walmart-backed PhonePe’s
Sequoia injects
In the world of venture capital, the injection of $195 million from Sequoia into the ever-eager early-stage venture capital seed environment is a breath of fresh air. Seed capital refers to a type of early stage startup investment and has become a popular trend in recent years as tech startups from all over the world… Continue reading Sequoia injects
What Twitter’s 200 million email leak really means
Earlier this month, Twitter suffered a major security breach. As many as 200 million user email addresses and phone numbers were exposed when malicious hackers infiltrated the social media site’s internal systems. Although Twitter hasn’t revealed the details of the attack, it is clear that the breach was serious enough to prompt a public warning.… Continue reading What Twitter’s 200 million email leak really means
Meta to pay $725 million to settle Cambridge Analytica lawsuit
Meta, the popular virtual reality (VR) platform, will pay $725 million to settle a lawsuit related to Cambridge Analytica, the political consulting firm. The Cambridge Analytica scandal began in 2016 when a former employee of the consulting firm, Christopher Wylie, revealed that the company had collected data from millions of unwitting Facebook users without their… Continue reading Meta to pay $725 million to settle Cambridge Analytica lawsuit