News about Silicon Valley business almost everyday.
PayPal, which operates a global payment service under the PayPal and Venmo brands, is adding to the layoff list in Silicon Valley. President and CEO Dan Schulman said the company would eliminate 2,000 jobs or 7% of its workforce due to a “challenging macro-economic environment.” Schulman said the reductions will occur over the coming weeks, […]
Doordash, the nation’s leading food delivery service, says its three co-founders will sell a combined 6.6 million shares of stock by this spring. At current share prices, the trio could reap over $369 million after the sales. CEO Tony Xu, Chief Technical Officer Andy Fang, and Chief Product Officer Stanley Tang — all Stanford grads […]
SAN FRANCISCO — PayEm, a platform for spend and procurement management, has landed $220 million in equity and credit financing from Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others to fuel its growth. “This is a significant milestone in the company’s growth. Our new warehouse credit facility allows us to scale our credit cards operation and support […]
SAN JOSE — Silicon Valley’s home airport is getting a slight new name change. Instead of Mineta San Jose International Airport, the airport will now be known as San José Mineta International Airport (SJC). The airport was named for the late congressman and Secretary of Transportation Norman Mineta in 2001. He passed away last year. […]
The National Basketball Association (NBA) and Meta are extending their partnership for several years that will feature a new virtual reality experience for fans through Meta Horizon Worlds via Meta Quest, the official VR headset of the NBA and WNBA. The NBA Arena in Meta Horizon Worlds experience will feature live NBA League Pass games in […]
SAN FRANCISCO — Angle Health, a digital-first, fully-licensed health insurance provider, has landed $58 million in Series A funding led by Portage. Its latest round also included participation from PruVen Capital, Wing Venture Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC, and Pilot founder Waseem Daher; and support from existing investors Blumberg Capital, Correlation Ventures, […]
SANTA CLARA – Netskope, a cloud security company, has raised $401 million in an oversubscribed investment round. The financing was led by investment funds managed by Morgan Stanley Tactical Value, with participation from Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan, and CPP Investments. Netskope plans to extend its technology and platform advantages and market reach […]
Apple has introduced the second generation of HomePod, a smart speaker that delivers next-level acoustics priced at $299. Packed with Apple innovations and Siri intelligence, HomePod offers advanced computational audio for a groundbreaking listening experience, including support for immersive Spatial Audio tracks. With convenient new ways to manage everyday tasks and control the smart home, […]
Apple TV+ announced that its two-time Emmy-winning series “Ted Lasso” will return for its third and final season this spring. “Ted Lasso” stars Jason Sudeikis as Ted Lasso, an American football coach hired to manage a British soccer team — despite having no experience. But what he lacks in knowledge, he makes up for with […]
Are you getting too many notifications on Instagram? Well now there is a quieter solution. The photo and video social network is launching Quiet mode on Instagram to help people focus and to encourage people to set boundaries with their friends and followers. Once it’s enabled, you won’t receive any notifications, your profile’s activity status […]
Meta is looking to thwart scrapers that collect data from users of Facebook and Instagram. The social media company recently filed a lawsuit against Voyager Labs in federal court in California. Voyager Labs is a scraping and surveillance service that improperly collected data from Facebook, Instagram and other websites. Meta says it has disabled Voyager’s […]
CUPERTINO — Apple has updated its laptop lineup for professionals with the new 14- and 16-inch MacBook Pro featuring the M2 Pro and M2 Max chips, Apple’s next-generation state-of-the-art processors. With M2 Pro and M2 Max — the world’s most powerful and efficient chip for a pro laptop — MacBook Pro tackles demanding tasks, like […]