Whistleblower explains how Cambridge Analytica ‘exploited’ Facebook Richard Lawler @Rjcc Last night Facebook announced bans against Cambridge Analytica, its parent company and several individuals for allegedly sharing and keeping data that they had promised to delete. This data reportedly included information siphoned from hundreds of thousands of Amazon Mechanical Turkers who were paid to use … Continue reading Meta settles Cambridge Analytica class-action lawsuit for $725 million
By Sam Becker September 23, 2022 Two-and-a-half million people in the United States became millionaires last year, but thanks to rising prices, that may not mean as much as it used to. Worldwide, 5.2 million people became millionaires in 2021, according to the Global Wealth Report 2022, an annual release published … Continue reading The world got 5.2 million more millionaires last year, but many are getting pinched in 2022
Lunio Raises $15 Million, Senior Leaders At Google Invest In Round by Laurie Sullivan , Staff Writer @lauriesullivan, September 29, 2022 Lunio, a company focused on click-fraud prevention, announced it has closed $15 million in Series A funding. The goal is to help digital marketers get the most from advertising budgets by identifying and excluding fake … Continue reading Lunio Raises $15 Million, Senior Leaders At Google Invest In Round
By Adele Peters August 29, 2022 In the Southern Arizona desert, Tempe Farming usually grows crops like alfalfa and cotton. But last spring, farmer Will Thelander also started growing a crop called guayule. It’s a small desert shrub that can survive without irrigation—and that Bridgestone, the tire manufacturer, plans to use to make rubber … Continue reading Why Bridgestone is investing $42 million in desert shrubs
By Chris Morris August 23, 2022 The metaverse just got another big vote of support from Sand Hill Road. Ready Player Me, a cross-game avatar system, announced on Tuesday it has closed a $56 million Series B round. Among its backers: Andreessen Horowitz, the cofounders of Roblox and Twitch, and entertainer Kevin Hart’s venture … Continue reading Ready Player Me, a metaverse avatar platform, raises $56 million in a Series B round
Robinhood lays off almost a quarter of its staff The company cut nine percent of its workforce earlier this year. I. Bonifacic @igorbonifacic Andrew Kelly / reuters For the second time this year, Robinhood is cutting its headcount. On Tuesday, the company announced it would lay off 23 percent of its workforce. According to … Continue reading New York regulators slap Robinhood’s crypto business with $30 million fine
Company broke previous promise to protect users’ personal information. Constantine von Hoffman on May 26, 2022 It’s never a good sign for a company when the Federal Trade Commission gets snarky. So, it was bad news for Twitter on Wednesday when the FTC said: “Twitter to pay $ 150 million penalty for allegedly breaking its … Continue reading FTC hits Twitter with snark and $150 million fine for allegedly selling security data to advertisers
By Brian Honigman April 26, 2022 “Have you been physically or emotionally injured by Duolingo?” asked the attorney, who promised to get victims millions in compensation. It wasn’t a real TV ad from a scummy lawyer, but an April Fool’s prank released earlier this month by Duolingo, the popular education app known … Continue reading How Duolingo built a successful $250 million brand by being kind of a jerk
Alejandro Arrieche Last updated: 22 April 2022 The popular cryptocurrency exchange Binance reportedly recovered a total of $ 5.8 million of the approximately $ 650 million stolen by North Korean hackers from the popular play-to-earn (P2E) platform Axie Infinity. In a tweet published this morning, the founder of the global crypto exchange, Changpeng Zhao, a.k.a … Continue reading Binance Recovers Nearly $6 Million from Hackers of Axie Infinity
Alejandro Arrieche Last updated: 20 April 2022 The popular cryptocurrency exchange Binance just announced that it completed its 19th token burn for a total of 1.84 million BNB tokens whose market value is approximately $ 741.84 million. According to data compiled by CoinMarketCap, the current circulating supply for BNB stands at 165.12 million which means … Continue reading Binance Carries Out 19th Token Burn Worth $741 Million
