Tech Meme

Lia Haberman / ICYMI: Meta briefed some creators on Instagram’s decentralized text-based app that may launch in June 2023 with a Twitter-like design, Mastodon compatibility, and more  —  Meta’s hosting secret meetings with select creators to share details  —  [a sneak peek at Instagram’s new text-based app] Lees verder op Tech Meme

Katharine Gemmell / Bloomberg: Tejay Fletcher, the mastermind behind phone number spoofing service iSpoof, which scammed victims out of ~£100M, is sentenced to over 13 years in a UK prison  —  The mastermind behind a global “spoofing shop” that scammed victims out of as much as £100 million ($124 million) … Lees verder op Tech Meme

Katharine Gemmell / Bloomberg: Tejay Fletcher, the mastermind behind phone number spoofing service iSpoof, which scammed victims out of ~£100M, is sentenced to over 13 years in a UK prison  —  The mastermind behind a global “spoofing shop” that scammed victims out of as much as £100 million ($124 million) … Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Restaurant365, which builds software for restaurant accounting, analytics, and more, raised $135M led by KKR and L Catterton, taking its total funding to $288M  —  The price of food continues to go up and up, but surprisingly that hasn’t (yet?) played out as pressure on the wider restaurant industry. Lees verder op Tech Meme

Jon Fingas / Engadget: Hyundai agrees to pay a settlement of $200M to ~9M US Hyundai and Kia owners, after hundreds of car thefts inspired by the viral “Kia Challenge” on TikTok  —  Most of the money from the settlement will go toward compensating theft victims.  —  Hyundai is putting a relatively quick end … Lees verder op Tech Meme

Alex Konrad / Forbes: Jeff Jordan, the a16z VC who joined in 2011, steps back from active investments but will continue to work with his existing portfolio and board positions  —  Longtime Andreessen Horowitz venture capitalist Jeff Jordan is stepping back from active investments. Lees verder op Tech Meme

Katharine Gemmell / Bloomberg: Tejay Fletcher, the mastermind behind phone number spoofing service iSpoof, which scammed victims out of ~£100M, is sentenced to over 13 years in a UK prison  —  The mastermind behind a global “spoofing shop” that scammed victims out of as much as £100 million ($124 million) … Lees verder op Tech Meme

Cory Weinberg / The Information: Source: Instacart had ad revenue of about $740M in 2022, up 30% from 2021; nearly 30% of Instacart’s 2022 revenue came from selling ads  —  Instacart has become an advertising powerhouse.  —  The grocery-delivery firm’s ad revenue totaled about $740 million last year, up 30% from 2021, according to a person familiar with the matter. Lees verder op Tech Meme

Katharine Gemmell / Bloomberg: Tejay Fletcher, the mastermind behind phone number spoofing service iSpoof, which scammed victims out of ~£100M, is sentenced to over 13 years in a UK prison  —  The mastermind behind a global “spoofing shop” that scammed victims out of as much as £100 million ($124 million) … Lees verder op Tech Meme

Tage Kene-Okafor / TechCrunch: Sources: Lagos-based Sabi, which provides a marketplace, inventory management tools, and more to Africa’s SMEs, raised a $38M Series B at a $300M valuation  —  Sabi, a Lagos-based B2B e-commerce startup providing digital commerce infrastructure to Africa’s informal economy … Lees verder op Tech Meme