The Small Business Association on Monday published a list of companies that received loans over $150,000 from the Paycheck Protection Program, including nearly 700,000 businesses and non-profit organizations. A number of large companies received loans, These include private equity-backed restaurant chains P.F. Chang’s China Bistro Inc. and TGI Fridays, media outlets including Forbes Media and...
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Crypto and AI-Focused Sequoia Partner Is Leaving the Firm
Sequoia Capital partner Divya Gupta is leaving the firm just weeks after the storied venture capital firm apologized to limited partners about its $214 million investment in the now-bankrupt crypto exchange FTX. Gupta worked on seed- and early-stage investments in cryptocurrency and artificial intelligence at Sequoia, and has worked at the firm for under a year. A Sequoia spokesperson said he...
U.S. National Security Deal on TikTok Held Up on Security Concerns
Pinterest Adds Elliott Management Executive to its Board
BuzzFeed Cuts 12% of Workforce
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Microsoft Eyes ‘Super App’ to Break Apple and Google’s Hold on Mobile Search
Microsoft recently considered building a “super app” that could combine shopping, messaging, web search, news feeds and other services in a one-stop smartphone app, in what would be an ambitious move by the software giant to expand further into consumer services, according to people with direct knowledge of the discussions.