ShareChat faces large valuation cut in new funding

ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to below $1.5 billion, according to two sources familiar with the matter. Existing backers including Temasek and Tencent are among the investors in advanced stages of talks to invest in the new round, the sources…

Micromobility.com gets delisted from the Nasdaq

Micromobility.com, formerly Helbiz, was delisted from the Nasdaq on Monday as a result of the company’s noncompliance with the stock exchange’s listing rules, according to a regulatory filing. Competitor Bird — the only other shared micromobility company to brave the public markets — was also delisted from the stock exchange in September. The company’s common stock…

UK full-fibre broadband reaches 17M homes

A record-breaking 17 million UK homes now have access to full-fibre broadband, according to Ofcom’s latest Connected Nations report released today. The report highlights the advantages of full-fibre broadband, emphasising its increased reliability and resilience compared to traditional copper-based networks. 4.6 million households have already made the switch. Analysis indicates that providers experience fewer faults…