In September, Elon Musk said X users were generating a lot of content — creating 100 to 200 million posts every day, excluding retweets — or reposts as they’re now known on X. But speaking at an event this morning, X CEO Linda Yaccarino offered a contradictory figure. She claimed X was seeing 500 million…
In November 2019, Andreessen Horowitz General Partner Angela Strange famously declared that, “Every company will be a fintech company.” Specifically, Strange projected that — in the not-too-distant-future — “nearly every company” would derive a significant portion of its revenue from financial services. Over the years, that prediction has played out to a certain extent. More…
The move towards Open Banking payments, especially in the EU, effectively kicked-off the FinTech boom. Open Baking standards meant that FinTech startups could create Wallets and effectively become Banks, or at least “Neo Banks,” in practical day-today-terms. Today, digital wallets are now the leading payment method globally in e-commerce, with a 49% share, according to…
Krafton India has launched a gaming incubator in the South Asian nation as it seeks to expand the local ecosystem and support the domestic talent looking to enter the fast-growing gaming market. Called Krafton India Gaming Incubator (KIGI), the program aims to support six to 10 teams annually, with the total duration ranging from six…
PayPal announced today that users can now add their PayPal and Venmo credit or debit cards to their Apple Wallet. With this new integration, you can now make payments in-store, online or on apps using Apple Pay. The company notes that users will continue earning their cashback and rewards. You can get started by opening…
Mohit Agarwal Contributor Mohit Agarwal is a leader at a global management consulting firm based in New York, where he drives large business transformations. Startups have more things to worry about than they have time — product-market fit, whether to invest in performance marketing or not, how much inventory is too much inventory, whether to…
Open banking, in which traditional banks release their data via application programming interfaces (APIs) to enable the development of new financial services for their consumers, has been one of the most significant disruptions in global payments over the past decade. Less than five years ago, this innovation, in which businesses use APIs to access customers’…
In a victory for Tesla, a California federal judge ruled over the weekend that a group of Tesla owners cannot pursue in court claims that the company falsely advertised its automated features. Instead, they will have to face individual arbitration. U.S. District Judge Haywood Gilliam’s ruling isn’t a win for the defensibility of Tesla’s advanced…
IronNet, a once-promising cybersecurity startup founded by a former NSA director and funded by cyber and defense investors, has shuttered and laid off its remaining staff following its collapse. In a regulatory filing published Friday, IronNet’s president and chief financial officer Cameron Pforr said the company had ceased all business activities as it prepares for…
Come Tuesday, our eyes will be trained on the Manhattan Federal Court for the trial of Sam Bankman-Fried, the disgraced cryptocurrency entrepreneur accused of orchestrating “one of the biggest financial frauds in American history”: the multi-billion-dollar collapse of FTX, the crypto exchange he founded and led. SBF, as he’s known, has pleaded not-guilty to some…
