Twitter has disclosed an “incident” affecting the accounts of an unspecified number of users who opted to reset their passwords. According to the company, a “bug” introduced sometime in the last year prevented Twitter users from being logged out of their accounts on all of their devices after initiating a password reset. “if you proactively… Continue reading Twitter is logging out some users following password reset ‘incident’
Category: Tech News
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Florida asks Supreme Court to decide fight over social media regulation
Florida is calling on the US’ highest court to settle the dispute over social media speech regulation. The Washington Post notes the state’s attorney general has petitioned the Supreme Court to determine whether or not states are violating First Amendment free speech rights by requiring that social media platforms host speech they would otherwise block,… Continue reading Florida asks Supreme Court to decide fight over social media regulation
SoftBank to discuss ‘strategic alliance’ between Arm and SamsungMasayoshi Son will visit S Korea for the first time in three years.
SoftBank Group Corp founder and CEO Masayoshi Son will discuss a “strategic alliance” between chip designer Arm and Samsung Electronics during the billionaire’s first visit to South Korea in three years. “I’m looking forward to visiting Korea for the first time in three years. I’d like to talk with Samsung about a strategic alliance with… Continue reading SoftBank to discuss ‘strategic alliance’ between Arm and SamsungMasayoshi Son will visit S Korea for the first time in three years.
Ant Group’s acquisition valued Singapore payments firm 2C2P at over $590m
Chinese financial services major Ant Group’s purchase of a majority stake in the Southeast Asian payments company 2C2P in April this year valued the latter at over $590 million, show DealStreetAsia’s calculations based on regulatory filings. Ant Group had announced its purchase of a majority stake in the Singapore- and Thailand-headquartered 2C2P, which enables enterprises… Continue reading Ant Group’s acquisition valued Singapore payments firm 2C2P at over $590m
IPO fundraisings may remain muted in Indonesia as startups wait out weak market
Indonesia’s IPO market, which recovered smartly in 2021 from the pandemic-induced lows of the previous year, is facing another lacklustre year in terms of fundraisings. Unfavourable market conditions — geopolitical tensions, inflation, and rising global interest rates, among other things — have forced many IPO hopefuls in the country to defer their public listings to… Continue reading IPO fundraisings may remain muted in Indonesia as startups wait out weak market
Asian fund managers are showing more sophistication in secondaries, say specialists
Secondaries can be a highly useful tool in an Asian fund manager’s toolkit as global market corrections persist and dislocations emerge, shared global investors at a SuperReturn Asia panel on Wednesday. Secondaries refer to the buying and selling of preexisting private equity investor commitments to private market funds. The Asian secondaries market has come a… Continue reading Asian fund managers are showing more sophistication in secondaries, say specialists
Audio content site Kuku FM raises $21.8m from Nilekani-backed Fundamentum
Audio content site Kuku FM has raised $21.8 million in a Series B1 round of funding led by Nandan Nilekani-backed Fundamentum Partnership. Along with new investors Fundamentum and Paramark, existing investors KRAFTON, Inc, 3one4 Capital, Vertex, Verlinvest and FounderBank Capital also participated in Kuku FM’s second fundraising this year. Earlier in the year, Kuku FM… Continue reading Audio content site Kuku FM raises $21.8m from Nilekani-backed Fundamentum
Larry Page’s flying car startup Kitty Hawk is shutting down
/ Funded by Google co-founder Larry Page, Kitty Hawk promised small electric flying vehicles designed for recreation and transportation — but in the years since its 2017 reveal, it hasn’t delivered any of them. Heaviside was Kitty Hawk’s last eVTOL in development.Image: Kitty Hawk Kitty Hawk, the ambitious “flying car” startup funded by Google co-founder… Continue reading Larry Page’s flying car startup Kitty Hawk is shutting down
Bird board backs new scooter boss
Micromobility company Bird is boosting its president, Shane Torchiana, to CEO status in a “long-planned” shakeup that sees founding chief executive Travis VanderZanden further stripped of power. Bird’s board also announced two other appointments: Former Archer Aviation chief financial officer Ben Lu has joined as Bird’s new CFO, taking over the role from Yibo Ling,… Continue reading Bird board backs new scooter boss
Kitty Hawk, the electric aircraft moonshot backed by Larry Page, is shutting down
Kitty Hawk, the electric aviation startup founded and led by the “godfather of self-driving cars” Sebastian Thrun and backed by Google co-founder Larry Page, is shutting down. The company said in a tweet and on a post in LinkedIn that it was winding down operations. “We have made the decision to wind down Kittyhawk. We’re… Continue reading Kitty Hawk, the electric aircraft moonshot backed by Larry Page, is shutting down