News about Silicon Valley business almost everyday.
No one won the Mega Millions lottery jackpot Friday night and next Tuesday’s drawing will be a whopping $790 million if there is one winner. The cash value of the jackpot is $464.4 million. With strong sales expected for such a large jackpot, don’t be surprised if the final prize value for Tuesday’s drawing goes […]
SAN FRANCISCO — TomoCredit, a credit card lending to over 40 million credit-invisible immigrants and international students with no credit history in the U.S, has raised $122 million in equity and debt. The round includes Morgan Stanley’s Next Level Fund, MasterCard, and debt from Silicon Valley Bank. The oversubscribed round also included GoldHouse, Asian Hustle network, […]
SANTA CLARA — With mortgage rates on the rise, it’s now more practical in over 3/4 of the country to rent homes over first-time buying. Nationally, the gap between monthly starter homeownership costs and rents widened by 25.5 percentage points (+$483) from January to June, according to the Realtor.com Monthly Rental Report. Additionally, more than […]
Netflix is the most-watched streaming service according to data from Nielsen. For the month of June, streaming made up 33.7% of total television viewing according to The Gauge, Nielsen’s monthly total TV and streaming snapshot. This is streaming’s largest share of TV usage to be measured by The Gauge since its inception in May 2021. While viewership […]
National restaurant chain Chipotle Mexican Grill is investing in Hyphen, a San Jose-based foodservice platform designed to help restaurant owners, operators, and budding chefs move their business forward by automating kitchen operations. The investment comes from Cultivate Next, Chipotle’s $50 million venture fund that intends to make early-stage investments into strategically aligned companies that further its […]
Shopify and YouTube are partnering to give merchants and creators a powerful new way to connect to consumers, build their businesses, and share their stories. With the launch of the YouTube Shopping on Shopify, merchants can easily integrate their online store with one of the world’s biggest entertainment platforms—reaching over 2 billion monthly logged-in users—to […]
SAN JOSE — Roku, Inc. announced that the second season of “Chrissy’s Court,” starring Chrissy Teigen and Pepper Thai, has smashed U.S. viewership records for unscripted Roku Originals programming during its opening weekend on The Roku Channel. Season 2 of “Chrissy’s Court” premiered exclusively on The Roku Channel on Friday, June 17, 2022. Season 2 […]
The reviews you see under Amazon products may not be real. The online giant says it has filed legal action against the administrators of more than 10,000 Facebook groups that attempt to orchestrate fake reviews on Amazon in exchange for money or free products. These groups are set up to recruit individuals willing to post […]
SAN FRANCISCO –– DoorDash is offering special bonuses for its DashPass membership program. Starting July 21, DoorDash is kicking off its third annual and largest ever Summer of DashPass – five jam-packed weeks with more than 25,000 incredible member-only offers, worth over $40 million in savings, from nationwide favorites and local businesses. During Summer of DashPass, DashPass members will be able to […]
The Department of Justice filed in court a multi-million-dollar settlement agreement with Uber Technologies Inc. (Uber) to resolve a lawsuit alleging that Uber violated the Americans with Disabilities Act (ADA). Under the agreement, Uber will offer several million dollars in compensation to more than 65,000 Uber users who were charged discriminatory fees due to disability. In […]
Fifty years ago this month in 1972, Honda introduced to the world the Honda Civic. A half century later, with sales approaching 30 million globally and now in its 11th generation, Civic is the longest-running automotive nameplate in Honda history and the best-selling Honda automobile of all-time. Since going on sale in America in early […]
SAN JOSE – Adobe recently unveiled major updates to Creative Cloud applications Photoshop, Lightroom and Lightroom Classic, delivering significant new features, benefits and value to customers. The updates deliver new editing and usability enhancements to Photoshop on the web (beta), leverage Adobe Sensei AI and machine learning to help simplify complex workflows for creatives and […]