The agency said Epic violated child privacy rules and used deceptive design choices. Fortnite maker Epic Games will pay $520 million to settle allegations that it violated the Children’s Online Privacy Protection Act (COPPA) and “tricked millions of players into making unintentional purchases,” using deceptive design strategies called dark patterns, the Federal Trade Commission said.… Continue reading Epic Games will pay $520 million to settle FTC’s ‘Fortnite’ case
Category: Tech News
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The Dyson Zone headset is comfy enough to sleep with, but still makes you look like Bane
When I first checked out the Dyson Zone in March, the company didn’t allow us to take our own photos of video of the demos, since they were still a ways from production. Now that we have new details about the pricing and availability of Dyson’s air-purifying headphones, the company invited us to check out… Continue reading The Dyson Zone headset is comfy enough to sleep with, but still makes you look like Bane
Rich Chinese on the prowl for foreign investment bets to mitigate risks at homeWealthy Chinese are paring holdings of local securities.
Wealthy Chinese individuals are paring holdings of local securities and are increasingly looking at assets in the United States and elsewhere overseas – a trend that is set to gather pace in 2023, fund managers and industry sources said. Hit hard by losses this year, rich Chinese have become more concerned by the uncertain outlook… Continue reading Rich Chinese on the prowl for foreign investment bets to mitigate risks at homeWealthy Chinese are paring holdings of local securities.
China Evergrande’s stake in services unit falls to 51.7% due to forced selling
China Evergrande Group’s shareholding in its property services unit has fallen to 51.71% from 58.18% after forced selling of pledged shares by a third party, a Hong Kong stock exchange filing showed. The number of Evergrande Property Services Group shares involved was 700 million, and the drop was the result of steps taken on Dec. 14… Continue reading China Evergrande’s stake in services unit falls to 51.7% due to forced selling
Despite backlash, BlackRock does not plan any big changes to ESG stance
BlackRock plans no major changes to the way it engages with companies and votes on environmental and social issues in the year ahead, despite a backlash against its stance on climate change from some U.S. Republican politicians. The world’s biggest asset manager, with oversees around $8 trillion for investors, has been challenged by some Republican… Continue reading Despite backlash, BlackRock does not plan any big changes to ESG stance
Stuck at eight-year-lows, recovery in Asian M&A activity rests on macro conditions
Stronger Asia-Pacific mergers and acquisitions activity next year depends on improving macroeconomic conditions, after 2022 deals were held at eight-year lows by financing costs, weak equity markets and China’s pandemic controls, dealmakers said. Deals are set to revive slowly as companies and funds watch out for easier macroeconomic conditions, they said. Hopes that Chinese companies… Continue reading Stuck at eight-year-lows, recovery in Asian M&A activity rests on macro conditions
Helm.ai snags $31M to scale its ‘unsupervised’ autonomous driving software
A few bright spots remain in the autonomous vehicle industry even amid macroeconomic headwinds that have nearly shut off the spigot of venture capital and led to further consolidation. Helm.ai, a startup developing software designed for advanced driver assistance systems, autonomous driving and robotics, is one of them. The Menlo Park, Calif-based startup recently raised… Continue reading Helm.ai snags $31M to scale its ‘unsupervised’ autonomous driving software
Zeekr files for an IPO, Elon sells more Tesla shares and a message to readers
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading Zeekr files for an IPO, Elon sells more Tesla shares and a message to readers
Turnover surges as funds rush to exit private equity stakesThe wave of selling is the latest of several signs of stress in private markets
Private equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset managers cash out to cover losses elsewhere and rebalance portfolios. The wave of selling is the latest of several signs of stress in private markets and is another signal of investors starting to fall out of… Continue reading Turnover surges as funds rush to exit private equity stakesThe wave of selling is the latest of several signs of stress in private markets
Linse Capital Raises $700M To Back Industrial Technology Companies
Linse Capital, a San Juan, Puerto Rico-based growth equity firm, raised $700m to back industrial technology companies. LPs include affiliates of Oppenheimer & Co., Daimler Truck, Taiwan Mobile and a syndicate of more than 400 family offices and high-net-worth individuals. The capital will be allocated across its flagship fund – Linse Capital Fund I (LCFI)… Continue reading Linse Capital Raises $700M To Back Industrial Technology Companies