India’s Hike, once considered WhatsApp’s biggest local competitor, has shut down its messaging app after struggling to compete against the U.S. giant, Bloomberg and other media outlets reported. The Delhi-based startup’s decision to give up on messaging is the latest indication of how dominant Facebook’s WhatsApp has become in India, the world’s second most populous country and a key...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service—announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including...
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