Another Silicon Valley company is settling with the SEC: the online lending company Prosper, which the SEC had accused of “miscalculating and materially overstating annualized net returns to retail and other investors.” Prosper has agreed to pay $3 million as part of the settlement, in which it has neither admitted nor denied the agency’s allegations.…
Malware researcher Marcus Hutchins has pleaded guilty to two counts of creating and selling a powerful banking malware, ending a long and protracted battle with U.S. prosecutors. Hutchins, a British national who goes by the online handle MalwareTech, was arrested in August 2017 as he was due to fly back to the U.K. following the…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This is a relaxed, Friday, Equity Shot. That means Kate and Alex were on deck to chew through the latest from the IPO front. We’ll keep doing extra episodes as long as we have to, though we’re slightly…
Fastly, the content delivery network that’s raised $219 million in financing from investors (according to Crunchbase), is ready for its close up in the public markets. The eight-year-old company is one of several businesses that improve the download time and delivery of different websites to internet browsers and it has just filed for an IPO.…
Tesla is cutting its board down by more than one-third to seven directors by 2020, a move that includes the loss of some CEO Elon Musk’s early advisers and allies, according to regulator filings posted Friday. The filing comes days before a busy week for Tesla that will include an April 22 event meant to…
Roughly a year ago, entrepreneurs Caterina Fake and Jyri Engeström decided to form a traditional venture outfit called Yes VC. Fast forward, and the duo has nearly closed on $50 million for their debut fund, including backing from Supercell founder Ilkka Paananen, former Etsy CEO Chad Dickerson and the family office of Nokia Chairman Risto…
The field of robotics is going through a renaissance thanks to advances in machine learning and sensor technology. Each generation of robot is engineered with greater mechanical complexity and smarter operating software than the last. But what if, instead of painstakingly designing and engineering a robot, you could just tear open a packet of primordial…
A white-hat hacker found a way to get into the French government’s newly launched, secure encrypted messaging app that otherwise can only be accessed by officials and politicians with email accounts associated with the government identities. Dubbed “Tchap,” the end-to-end encrypted, open source messaging app has been created by the French government with an aim…
Reese Witherspoon’s media company Hello Sunshine already has its hands in movies, television, Apple TV+ shows, podcasts, Audible originals, books and more. Now it’s weighing an entry into the subscription box business to further capitalize on its brand and its appeal to women. The subscription boxes under consideration would operate out of Reese’s Book Club…
Julian Shapiro Contributor Julian Shapiro is the founder of BellCurve.com, a growth marketing agency that trains you to become a marketing professional. He also writes at Julian.com. More posts by this contributor How do startups actually get their content marketing to work? What’s the cost of buying users from Facebook and 13 other ad networks?…
