Party Round wants you to know that the party isn’t over. In fact, it just rebranded, put the music just a little bit lower and finally put out some appetizers. After a certain point, don’t we all get peckish? Party Round announced today that it has rebranded to Capital to underscore its product expansion. Now,…
“Growth at all costs” was fuel to 2021’s funding fire as venture capitalists poured money into startups spending oodles of cash on everything from overhiring to inefficient customer acquisition. But amid this year’s downturn, venture capitalists decided — to say, at least — that torching cash in the name of growth maybe wasn’t their best…
Figuring out what to pay employees is a universal problem. Startups, in particular, struggle with compensation as they are often competing with other startups for talent. For Roger Lee, the issue came up repeatedly when he co-founded 401(k) provider Human Interest, which achieved unicorn status in August of 2021 and today has nearly 700 employees.…
Apple’s App Store suffered a 5% year-on-year dip in net revenue in September according to a note from Morgan Stanley analyst Erik Woodring. This is the biggest drop in App Store revenue since the financial services company started tracking its data. Woodring said gaming was the biggest reason for the decline as the sector plunged…
Gaming giant Activision Blizzard unlawfully retaliated against workers at Raven Software who formed a union, the National Labor Relations Board found. The quality assurance (QA) department at subsidiary Raven Software, who mostly work on “Call of Duty,” announced that they would form a union in January. Activision Blizzard sought to block the union, reasoning that…
One of the highest-profile sexual assault allegations against Chinese business tycoons ended abruptly this past weekend. Liu Qiangdong, the founder of Chinese ecommerce giant JD.com, also known as Richard Liu, has reached a settlement with Liu Jingyao, a former University of Minnesota student who alleged that the billionaire raped her in her apartment in 2018.…
Another major piece of mobile M&A appears to be in the works in the UK. Today, Vodafone confirmed that it was in merger discussions with Three UK, a carrier owned by CK Hutchison, to accelerate their 5G rollout. A deal would not involve any cash consideration, Vodafone said: “The envisaged transaction would involve both companies…
Prosus Ventures has called off the $4.7 billion merger of BillDesk it announced last year, saying “certain conditions precedent” were not fulfilled in a surprising development a month after the proposed acquisition received approval from the local antitrust watchdog. “Certain conditions precedent were not fulfilled by the 30 September 2022 long stop date, and the…
It takes a veritable army to make TechCrunch Disrupt — which takes place October 18–20 in San Francisco — the well-oiled experience that savvy startuppers have come to know and love. And we couldn’t do it nearly as well without our incredible volunteers. If you’re looking for a no-budget way to experience Disrupt up close…
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous…
