After six years, Walmart sold Moosejaw to Dick’s Sporting Goods. The March closing’s financial terms were not disclosed. Walmart paid $51 million for Moosejaw in February 2017 to improve its e-commerce.Walmart used the transaction to expand into fashion. “Moosejaw joins the Walmart family to increase our assortment and expertise in …
Read More »Spotify launches “DJ,” a personalized music feature with AI commentary
Today, Spotify launched “DJ,” an AI feature that personalizes music listening, ahead of its Stream On event, where it is expected to unveil a new home feed and other updates. Spotify’s DJ feature will play a curated playlist with AI-powered commentary about your favorite songs and artists in a “stunningly …
Read More »Instagram co-founders launch personalized news app Artifact with new features
Instagram’s co-founders’ personalized news reader, Artifact, is now open to the public without sign-up. Last month, Instagram founders Kevin Systrom and Mike Krieger unveiled their latest venture as an invite-only experience, promising their news app would later include social features like discussing the news with friends. Today’s launch removes Artifact’s …
Read More »SignalFire’s founder says his VC firm lost employees who “thought we were too cheap” in previous years
Chris Farmer, a venture capitalist, doesn’t mind being labeled a cheap founder by employees. Farmer’s 10-year-old, seed-stage venture firm SignalFire lost frustrated employees who couldn’t compete for deals when the market was frothy, but holding the line on price appears poised to pay off. For one, SignalFire raised $900 million …
Read More »This week’s Supreme Court arguments could change the internet
This week, the Supreme Court is considering a short but powerful law that could change the internet. In recent years, Section 230 of the Communications Decency Act has become a controversial issue because it protects internet companies from liability for user-generated content. Gonzalez v. Google was argued Tuesday by the …
Read More »European VC firms Amadeus and Apex form €80m early-stage “deep tech” fund
Amadeus Capital Partners of the U.K. and Apex Ventures of Austria are forming a deep tech startup fund. The Amadeus Apex Technology Fund has raised €28 million ($30 million) with plans to raise €80 million ($85 million). The fund’s first investment was $1 million in German space startup Okapi-seed Orbits’s …
Read More »Meta Verified doesn’t allow name, username, or profile photo changes yet
Mark Zuckerberg is putting guardrails around Meta Verified after seeing Twitter’s impersonation issues when Elon Musk relaunched Twitter Blue. The company announced its subscription plan for New Zealand and Australia this week. Meta Verified prevents profile name, username, date of birth, and photo changes. The company will stop them. Unsubscribe …
Read More »According to Coinbase, hackers stole the personal data of some employees
The cryptocurrency exchange Coinbase has confirmed that the same hackers who attacked Twilio, Cloudflare, DoorDash, and more than a hundred other companies last year briefly compromised their systems. Coinbase claimed in a post-mortem on the incident that the so-called “0ktapus” hackers stole one of its employees’ login information in an …
Read More »There are 5 essential metrics for edtech startups to improve profitability
While some experts predict a second honeymoon period for edtech, entrepreneurs in the sector must change their strategies and figure out how to achieve more with less. It makes sense to anticipate making a lot of money if you have a great product, fantastic marketing, and fantastic sales teams. Unfortunately, …
Read More »US military emails that are private leak online
On Monday, the U.S. Department of Defense shut down a server that had been leaking private emails from the American military to the public internet for the previous two weeks. The exposed server was housed on a Department of Defense server that was part of Microsoft’s Azure government cloud, which …
Read More »