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Walmart sells e-commerce outdoor retailer Moosejaw after acquiring it in 2017

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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