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Amazon is in talks to buy MX Player, a major player in Indian video

According to four people with knowledge of the situation, Amazon is in talks with Times Internet to investigate buying MX Player, one of the biggest on-demand video streaming services in India, as the American e-commerce company looks to expand its entertainment ambitions in the important international market. Three sources warned …

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Reddit claims that after a phishing attack, hackers gained access to employee data

A “highly-targeted” phishing attack led to the access of internal documents and source code, according to Reddit. Reddit’s chief technology officer, Christopher Slowe, also known as KeyserSosa, stated in a post that on February 5, the company learned about the “sophisticated” attack aimed at Reddit staff members. According to him, …

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Otonomo, a mobility data company with a 2021 SPAC IPO valuation of $1.4B, was acquired by Urgent.ly as its market cap fell to $70M

Otonomo, a connected automotive company that went public in 2021 and has seen a sharp decline in the value of its stock, recently announced a reverse merger with roadside assistance tech company Urgent.ly. In an all-share merger, Urgently shareholders will receive 67% of the combined company, and Otonomo shareholders will …

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GitLab will 7% of its workforce

GitLab, a leader in developer operations (DevOps), is the latest tech company to announce a round of layoffs. The company said today that it is reducing its headcount by 7%. The majority of the major tech companies, including Microsoft, Alphabet, and Salesforce, have announced staff reductions, making 2023 so far …

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To add intelligence to digital documents, Macro raises $9.3

Former Bridgewater Associates investment logic engineer Jacob Beckerman found it difficult to print out and annotate documents using common document apps like Acrobat and Microsoft Office. He experimented with PDF processing software because he questioned why it wasn’t possible to read and write on a PC that felt as natural …

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