Tech Meme

Gené Teare / Crunchbase News: Global VC funding fell 53% YoY to $76B in Q1 2023, down from $162B in Q1 2022, including OpenAI’s $10B and Stripe’s $6.5B; $39.2B went to late-stage startups  —  Venture and growth investors in private companies continued to scale back their investment pace in the first quarter of 2023, Crunchbase data shows. Lees verder op Tech Meme

Gené Teare / Crunchbase News: Global VC funding fell 53% YoY to $76B in Q1 2023, down from $162B in Q1 2022, including OpenAI’s $10B and Stripe’s $6.5B; $39.2B went to late-stage startups  —  Venture and growth investors in private companies continued to scale back their investment pace in the first quarter of 2023, Crunchbase data shows. Lees verder op Tech Meme

Masha Borak / MIT Technology Review: A look at how invading Ukraine supercharged the decline of Russia’s struggling tech sector, further pushing Yandex and other successful companies into isolation  —  Seven days after the invasion of Ukraine, Vladimir Belugin packed up his and his family’s belongings, canceled the lease … Lees verder op Tech Meme

Manish Singh / TechCrunch: India amends its IT law to ban social media platforms from hosting “misleading” content about the government and requiring that they use its fact-check unit  —  India amended its IT law on Thursday to prohibit Facebook, Twitter and other social media firms from publishing … Lees verder op Tech Meme

Kevin Varley / Bloomberg: US Census data: chip imports rose 17% YoY to $4.86B in February 2023 with Asia accounting for 83%, led by Malaysia at 20%, Taiwan at 15.1%, and Vietnam at 11.6%  —  Thailand, Vietnam, India and Cambodia have emerged as early winners this year as semiconductor production begins to move away … Lees verder op Tech Meme

Financial Times: As Revolut and other online payments companies grow in the EU and the UK, clients complain of patchy customer support, leading to a UK FCA warning in March 2023  —  Regulators crack down after complaints mushroom about digital money services  —  In early 2023, John started to get calls … Lees verder op Tech Meme

New York Times: Analysis: in an information campaign on Twitter, Chinese officials and state media widely mocked a US TikTok ban, showing Beijing’s investment in TikTok’s fate  —  The company has tried to distance itself, but the information push shows just how deeply invested Beijing is in its fate. Lees verder op Tech Meme

Bloomberg: A look at Anthony Scaramucci’s SkyBridge, which went from $9.2B in assets in 2015 to $1.8B in 2022 and sold a 30% stake to FTX for $45M in September 2022  —  On Jan. 31, Anthony Scaramucci sat onstage at a hedge fund conference in Miami, answering questions about, among other things, his former business partner Sam Bankman-Fried. Lees verder op Tech Meme

Jonathan Vanian / CNBC: Influencers, small businesses, and others say Meta gutting its customer service teams during layoffs has left them grappling with scammers and technical issues  —  – Meta’s two rounds of layoffs are affecting the company’s already poor customer service for users, influencers, communities and businesses. Lees verder op Tech Meme

Joe Brock / Reuters: Sources: Chinese state-owned telecoms are planning a $500M undersea fiber-optic internet cable network that would link Asia, the Middle East, and Europe  —  Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia … Lees verder op Tech Meme