Venture investment worldwide rose 92% to $643 billion last year, a record, according to data provider Crunchbase, driven by more than $400 billion in mid to late-stage funding rounds. Early-stage startups’ funding doubled, to $200 billion. The flood of new capital gave a record number of startups valuations of more than $1 billion, minting 586 new unicorns—for a total of more than 1,100 such...
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Pinterest’s Tardy CEO Shakeup
What timing! No one could say they were surprised that Ben Silbermann is stepping down as CEO of Pinterest—that’s something we’ve expected for a while. After all, while he and his co-founder, Evan Sharp, built the business into a public company worth $13 billion—even after the stock plunge of recent months—Silbermann lately has been grappling with falling user numbers in the U.S. No, what is...
FCC Commissioner Calls on Apple, Google to Remove TikTok From App Stores
Email App Front Doubles Valuation to $1.7 Billion
Disney’s Board Renews Chapek’s Contract for Three Years
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