Google has been making high-end Chromebooks for almost a decade now, dating back to the $1,300 Chromebook Pixel in 2013. At the time, many people saw it as a beautiful but strange device. In the years that followed, both Google and its hardware partners have made premium Chromebooks more and more commonplace. Though, a still-unconfirmed… Continue reading HP Elite Dragonfly Chromebook review: The best of ChromeOS, but not worth the price
Category: Tech News
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FTC says ed tech company Chegg exposed data belonging to 40 million users
You may trust Chegg with your textbooks or tutoring, but regulators aren’t quite so confident. The Federal Trade Commission has filed a complaint accusing education tech provider Chegg of “careless” security practices that compromised personal data since 2017. Among the violations, the company reportedly exposed sensitive info for roughly 40 million customers in 2018 after… Continue reading FTC says ed tech company Chegg exposed data belonging to 40 million users
Kuwait’s state-backed Wafra raises $1.5b for fourth fund; to buy stakes in PEsWafra raised the fund from a consortium of investors that include CPPIB,…
Wafra Inc, an investment firm backed by Kuwait’s public pension fund, said on Monday it has raised $1.5 billion for its fourth flagship fund that will acquire minority stakes in alternative asset managers such as private equity firms. The new fund, Capital Generation IV, will seek to acquire minority stakes in “lower middle-market” firms with less… Continue reading Kuwait’s state-backed Wafra raises $1.5b for fourth fund; to buy stakes in PEsWafra raised the fund from a consortium of investors that include CPPIB,…
Ascend Vietnam Ventures closes debut, early-stage fund at $64mThe early-stage fund exceeded its $50m target.
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China introduces tighter guidelines for celebrity endorsements
Chinese regulators banned the use of celebrities to endorse tobacco products including e-cigarettes, off-campus tutoring, health care, medicine, medical instruments, health foods and formula food for special medical purposes. The State Administration for Market Regulation together with six other agencies implemented the ban Monday through new guidelines regulating celebrity endorsements. This was the first national… Continue reading China introduces tighter guidelines for celebrity endorsements
Exit route getting tougher for VCs in SE Asia as recession looms
The poor global economic environment is making it tough for venture capital (VC) firms in Southeast Asia to find buyers for their portfolio companies, according to investors. As public markets languish, demand from M&A buyers, private equity (PE) sponsors, and institutional investors has also declined, they said. “Would-be buyers are focused on their own businesses… Continue reading Exit route getting tougher for VCs in SE Asia as recession looms
Bukalapak’s contribution margin turns positive for the first time in Q3
Indonesia’s listed technology group Bukalapak on Monday reported a positive contribution margin — calculated as gross profit after sales and marketing costs — for the first time, and said it is looking to turn EBITDA positive by the fourth quarter of 2023. “We are hopeful of seeing revenue growth that surpasses costs, making the contribution… Continue reading Bukalapak’s contribution margin turns positive for the first time in Q3
Uber tests push notifications, a feature literally no one wants
Uber recently launched its new advertising division and in-app ads. Apparently, those ads aren’t staying within the app. Instead, ads from other companies are being sent out as push notifications, much to the chagrin of some Uber users. Over the weekend, people turned to Twitter to complain about the notifications, sharing screenshots of ads, including… Continue reading Uber tests push notifications, a feature literally no one wants
TuSimple CEO and co-founder fired by board over ties to Chinese startup Hydron
TuSimple co-founder Xiaodi Hou was fired from his CEO, president and CTO posts by the autonomous trucking company’s board, according to a securities filing Monday. Hou, who co-founded TuSimple in 2015 with Mo Chen, was also removed from his position as chairman of the board and member of the board’s government security committee. The firing came… Continue reading TuSimple CEO and co-founder fired by board over ties to Chinese startup Hydron
The 12 best educational robot toy holiday gift ideas of 2022
All the signs were there. If my parents knew then what parents know now, they would have been prepared. But back in the 1960s and 1970s, the maker movement was still far in the future. Robots were something you only saw in movies and awesome TV shows (or as my Mom would often put it,… Continue reading The 12 best educational robot toy holiday gift ideas of 2022