News about Silicon Valley business almost everyday.
Google has announced new updates to its popular Maps service. To help make the choice between toll roads and regular roads easier, the company is rolling out toll prices on Google Maps for the first time. Soon, you’ll see the estimated toll price to your destination before you start navigating thanks to trusted information from […]
The United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect July 10, 2022. The new prices include a two-cent increase in the price of a First-Class Mail Forever stamp from 58 cents to 60 cents. The soaring price of gas is likely hitting the Postal Service hard with its national […]
Instacart, the nation’s leading grocery delivery service, announced a new plan to protect its delivery drivers from tip baiting. This is when an order features a tip (sometimes substantial) and then after delivery the customer reduces the tip to zero. This often infuriates drivers who have spent time shopping and delivering groceries for a customer […]
Doordash has formed a partnership with BJ’s Wholesale Club, a leading membership warehouse club in the Eastern United States based in Massachusetts. Doordash will now offer on-demand grocery delivery from 226 BJ’s locations across 17 states. BJ’s is the first wholesale club available on the DoorDash marketplace, providing consumers with access to home essentials and […]
FOSTER CITY — Conversica, Inc., a provider of Conversational AI solutions for enterprise revenue teams, has completed a $25 million financing with investment funds managed by Morgan Stanley Expansion Capital. Conversica will use the capital to support strategic business initiatives as it prepares for growth. “Today, AI is more than a technology. It’s an essential […]
SAN JOSE — PayPal has introduced a new Cashback credit card, issued by Synchrony, which gives customers even more cash back when they shop with PayPal. With the new card, customers earn unlimited 3% cash back when paying with PayPal at checkout – online, mobile, or in-store with PayPal QR Code where eligible – and […]
SAN FRANCISCO — Fractal, a new marketplace for gaming NFTs founded by Justin Kan, the co-founder of Twitch, has secured a $35 million seed round led by Paradigm and Multicoin Capital with with participation from Andreessen Horowitz, Solana Labs, Animoca, Coinbase Ventures, Play Ventures, Position Ventures, Zynga founder Mark Pincus, Crossover, Shrug Capital, TerraForm CEO […]
Palo Alto Police have arrested four male teenagers for robbing a woman at Stanford Shopping Center Monday night. On Monday, April 4, 2022 at around 6:00 p.m., the police dispatch center received a report of a carjacking that had just occurred at the Stanford Shopping Center. The preliminary investigation revealed that a female in her […]
Tesla CEO Elon Musk is joining the Board of Directors of Twitter, the social media messaging service. The stock price of Twitter is up nearly 30% since news was revealed over the weekend that Musk owns 73,486,938 shares or a 9.2% stake in the company. He is already the world’s richest man according to Forbes […]
SAN FRANCISCO — Remote, a service that helps companies in building, managing and supporting global, remote workforces, has secured a $300 million Series C financing round, led by SoftBank Vision Fund 2 with participation from existing investors including Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, 9Yards, Adams Street and Base Growth. Remote says […]
CUPERTINO — Apple is launching a $50 million Supplier Employee Development Fund that will expand access to learning opportunities and skills development. The fund also includes new and expanded partnerships with leading rights advocates, universities, and nonprofits to drive Apple’s ongoing work to empower supplier employees and drive improvements in knowledge of and respect for […]
SANTA CLARA — Chipmaker AMD announced an agreement to acquire Pensando, based in Milpitas, for approximately $1.9 billion before working capital and other adjustments. Pensando’s distributed services platform includes a high-performance, fully programmable packet processor and comprehensive software stack that accelerate networking, security, storage and other services for cloud, enterprise and edge applications. “To build […]