Months after the Department of Justice sued to block Visa’s acquisition of fintech startup Plaid, the two companies are calling off their merger agreement . Visa announced the $5.3 billion acquisition of Plaid, which links bank accounts to mobile apps like Robinhood, last January. Founded in 2013, Plaid has raised over $300 million in VC funding at a valuation of $2.6 billion. The merger,...
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States Are Taking Baby Steps Toward Protecting Kids Online
Seat belts protect children in cars. Safety standards protect children from faulty or dangerous toys. All these are the result of regulatory mandates. And yet for far too long, social media companies have been allowed to develop addictive design features such as endless scroll, autoplay and push alerts that keep kids and teens hooked on their products. The longer vulnerable kids and teens are...
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Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.