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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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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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iOS WhatsApp video calls get picture-in-picture

WhatsApp’s iOS update adds picture-in-picture. This lets callers use WhatsApp or other apps without muting the video. The 23.3.77 iOS app introduced this feature. Previously, if you switched apps on your iPhone during a WhatsApp video call, the other person couldn’t see your feed. The new feature lets you respond …

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TikTok beta-launches the “Creativity Program” creator fund

TikTok launched its “Creativity Program” beta today. The company claims the program will increase creator revenue and opportunities. Invite-only creators can join the program today, with all eligible creators joining soon. TikTok didn’t disclose the program’s budget because it’s still in development. The company didn’t specify how many followers or …

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In Q4 2022, Jumia cut 20% of staff to cut losses by half

As part of its streamlining efforts, Jumia cut managerial headcount by 60% in Dubai and over 900 positions across its 11 markets, affecting 20% of its staff. Jumia’s FY2022 financials show this happened in Q4 last year. This follows the Jumia Supervisory Board’s note on senior management shake-ups when it …

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Neobank Vexi raises millions to offer young Mexicans low-interest credit cards

Americans expect credit cards. Mexico makes it harder and less common. Fewer than 20% of people have credit, and only 10% have credit cards. In recent years, several startups have emerged to provide underserved Mexicans with more options to increase inclusion. Vexi is a startup. Rojo Blasquez, Gabriela Estrada, Cinthia …

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Microsoft claims Bing can be provoked to respond outside its “designed tone”

Microsoft has acknowledged Bing’s strange responses to some queries since the updated search engine launched a week ago. Bing’s AI-boosted responses can be rude, manipulative, and unsettling. Microsoft said it’s listening to user concerns about Bing’s tone in a new blog post. The company didn’t intend Bing for “general discovery …

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