Tag: the wall street journal
Facebook knows Instagram harms teens. Now, its plan to open the app to kids looks worse than ever
Facebook is in the hot seat again. The Wall Street Journal published a powerful multi-part series on the company this week, drawing from internal documents on everything from the company’s secretive practice of whitelisting celebrities to its knowledge that Instagram is taking a serious toll on the mental health of…
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Kaseya hack floods hundreds of companies with ransomware
On Friday, a flood of ransomware hit hundreds of companies around the world. A grocery store chain, a public broadcaster, schools, and a national railway system were all hit by the file-encrypting malware, causing disruption and forcing hundreds of businesses to close. The victims had something in common: a key…
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Productivity startup Time is Ltd raises $5.6M to be the ‘Google Analytics for company time’
Productivity analytics startup Time is Ltd wants to be the Google Analytics for company time. Or perhaps a sort of “Apple Screen Time” for companies. Whatever the case, the founders reckon that if you can map how time is spent in a company enormous productivity gains can be unlocked and,…
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Patreon triples valuation to $4 billion in new raise
Patreon has tripled its valuation to $4 billion in a $155 million funding round led by Tiger Global, the company confirmed to the Wall Street Journal on Tuesday. The creator economy platform, which allows artists to be directly funded by their fans, received new attention amid the Covid-19 pandemic as…
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Parler jumps to No. 1 on App Store after Facebook and Twitter ban Trump
Users are surging on small, conservative, social media platforms after President Donald Trump’s ban from the world’s largest social networks, even as those platforms are seeing access throttled by the app marketplaces of tech’s biggest players. The social network, Parler, a network that mimics Twitter, is now the number one…
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After burning through $2 billion, Katerra gets a $200 million SoftBank lifeline to escape bankruptcy
SoftBank Group is reportedly investing $200 million to bail out Katerra, a startup that had hoped to remake the construction industry with a vertically integrated approach, according to a report in The Wall Street Journal. Katerra’s shareholders reportedly approved the new investment on Wednesday, with the new lifeline from SoftBank…
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