A US court fines Dozy Mmobuosi, the founder of Tingo, which sells phones to African farmers, $250M+ after the SEC said he inflated financial performance metrics
WHEREAS Plaintiff Securities and Exchange Commission (†… TechCabal : Tingo Group CEO Dozy Mmobuosi must pay over $250m after inflating financial performance X: Abubakar / @iatalkspace : The business...
Bolt told investors that it had revenue of $19.4M for the nine months ending in October 2023, essentially flat YoY; Bolt's troubles grow with a Fanatics lawsuit
The Information : X: @iatalkspace and @erinkwoo X: Abubakar / @iatalkspace : New w/ @erinkwoo: Bolt, the $11B checkout startup, is embroiled in yet another legal battle with a high-profile retail par...
Spotify brings its “broadcast-to-podcast” tech, which it acquired from Whooshkaa in 2021, to Megaphone, letting publishers convert radio shows into podcasts
Publishers will be able to input the URL to a livestream of their broadcasted content and automatically have a podcast created from that programming … Tweets: Abubakar / @iatalkspace : I thought Clubh...
Alphabet plans to cut ~12,000 jobs, 6%+ of its global workforce; CEO Sundar Pichai says he takes “full responsibility for the decisions that led us here”
read the memo CEO Sundar Pichai sent to staff Mary Yang / NPR : Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January BBC : Google parent Alphabet to cut 12,000 jobs Abner L...
London-based Kuda, which offers mobile-first banking services in Nigeria, raises $55M Series B at a $500M valuation co-led by Valar Ventures and Target Global
a figure it revealed when announcing its Series A of $25M https://techcrunch.com/... Otunba / @oba_kinbo : Congrats @kudabank! Oya now time to start adding on useful services like @RevolutApp! 💪🏽 http...
Koo, the Indian microblogging app that has positioned itself as a government-friendly alternative to Twitter in India, is taking a similar approach in Nigeria
Rest of World : Tweets: @anirvan , @architmeta , @peterguest , @cengizyar , @nilchristopher , @iatalkspace , @yinkawrites , and @evelyndouek Tweets: Anirvan Chatterjee / @anirvan : “Just under a week...
Clubhouse has raised a Series C led by Andreessen Horowitz, with DST Global, Tiger Global, and Elad Gil participating
led by @AndrewChen at @a16z, w/ support from DST Global, Tiger Global, & Elad Gil 🙏 #CHTownhall https://www.joinclubhouse.com/ ... Nikitha Rai / @rotiandrye : I didn't see this until now. Apparently t...