The Block: FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in “exorbitant management fees” and seeking $550M+ shares — – FTX’ debtors are suing Grayscale Investment, its owners and its CEO over their handling of the Grayscale Bitcoin … Lees verder op Tech Meme
Vish Gain / Silicon Republic: A report by Ireland’s DPC: 17 large inquiries concluded in 2022, resulting in €1B+ fines; 10K+ cases concluded in 2023, including 246 cross-border complaints — Helen Dixon said the DPC issued two-thirds of fines issued across Europe last year on foot of ‘detailed and comprehensive investigations’. Lees verder op Tech Meme
Dan Taylor / Tech.eu: French expense management software maker N2F raised €24M from PSG Equity, and says it processes 1M+ expense reports a month for 10K+ businesses in 86+ countries — According to the startup, they’re processing over one million expense reports per month for more than 10,000 businesses in over 86 countries. Lees verder op Tech Meme
Brody Ford / Bloomberg: Atlassian plans to cut 500 jobs, or ~5% of its workforce; a filing says the company will incur about $70M to $75M in restructuring costs through the end of June — Atlassian Corp. will cut about 5% of its workforce, or 500 full-time employees, becoming the latest software company to eliminate jobs. Lees verder op Tech Meme
Vish Gain / Silicon Republic: Report: Ireland’s DPC concluded 17 large inquiries in 2022 resulting in €1B+ fines; 10K+ cases were concluded last year, including 246 cross-border complaints — Helen Dixon said the DPC issued two-thirds of fines issued across Europe last year on foot of ‘detailed and comprehensive investigations’. Lees verder op Tech Meme
Dan Taylor / Tech.eu: French expense management software maker N2F raised €24M from PSG Equity, and says it processes 1M+ expense reports a month for 10K+ businesses in 86+ countries — According to the startup, they’re processing over one million expense reports per month for more than 10,000 businesses in over 86 countries. Lees verder op Tech Meme
David McCabe / New York Times: Sources: The White House has given feedback on a draft bipartisan TikTok bill and is considering asking Congress for more legal powers to police certain apps — In a strategy shift, the Biden administration is increasingly pointing to Congress to give it more legal power to deal with TikTok … Lees verder op Tech Meme
Vish Gain / Silicon Republic: Report: Ireland’s DPC concluded 17 large inquiries in 2022 resulting in €1B+ fines; 10K+ cases were concluded last year, including 246 cross-border complaints — Helen Dixon said the DPC issued two-thirds of fines issued across Europe last year on foot of ‘detailed and comprehensive investigations’. Lees verder op Tech Meme
Bloomberg: Sources: Meta plans to cut thousands of jobs as soon as this week after eliminating 13% of its staff, or 11,000 jobs, in November 2022 in its first major layoff — Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees … Lees verder op Tech Meme
Dan Taylor / Tech.eu: French expense management software maker N2F raised €24M from PSG Equity, and says it processes 1M+ expense reports a month for 10K+ businesses in 86+ countries — According to the startup, they’re processing over one million expense reports per month for more than 10,000 businesses in over 86 countries. Lees verder op Tech Meme