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Uber is paying $3.1BN to pick up Middle East rival Careem

sudshr47 March 26, 2019

After months and months of rumors it’s finally been confirmed that ride-hailing giant Uber is picking up its Middle East rival Careem in an acquisition deal worth $3.1 billion — with $1.7BN to be paid in convertible notes and $1.4BN in cash. Careem was founded as a ride-hailing rival to Uber in 2012 but has […]

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ICANN warns of “ongoing and significant” attacks against internet’s DNS infrastructure

sudshr47 February 23, 2019

The internet’s address book keeper has warned of an “ongoing and significant risk” to key parts of the domain name system infrastructure, following months of increased attacks. The Internet Corporation for Assigned Names and Numbers, or ICANN, issued the notice late Friday, saying DNS, which converts numerical internet addresses to domain names, has been the victim […]

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Facebook is not equipped to stop the spread of authoritarianism

sudshr47 December 24, 2018

Facebook isn’t responsible for government decisions to clamp down on free expression. But the question remains: How can companies stop assisting authoritarian governments, inadvertently or otherwise?

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UrbanClap, India’s largest home services startup, raises $50M

sudshr47 November 30, 2018

UrbanClap, a four-year-old startup that offers home services across in India, has closed a $50 million Series D round for expansion. The round was led by Steadview Capital, a hedge fund with over $1 billion under management, and existing investor Vy Capital. It takes UrbanClap to $110 million raised to date, according to data from Crunchbase. […]

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Richard Branson steps down as chairman of Virgin Hyperloop One

sudshr47 October 22, 2018

Richard Branson has reportedly stepped down from the chairman role of Virgin Hyperloop One. In a statement, cited by Reuters, Branson said that the company would require a more time than he could devote to the company. “At this stage in the company’s evolution, I feel it needs a more hands-on Chair, who can focus on […]

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Arrivo partners with a Chinese state-owned infrastructure developer to commercialize hyperloop tech

sudshr47 July 19, 2018

Arrivo, the upstart high-speed mass transit technology developer launched by a former co-founder of Hyperloop One, has inked a massive partnership with a Chinese state-owned infrastructure developer to help finance mobility projects around the world. Genertec America, an affiliate of the China National Technical Import and Export Corp., which is a wholly-owned subsidiary of the […]