Fundings and exits
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Slack shares plummet 20% after its growth forecast fails to
Today after the bell, Slack, a popular workplace communication product, reported its FQ4 2020 earnings, the three-month period ending January 31 2020. The company’s results came in ahead of expectations. However, its shares have rapidly lost altitude in the wake of its news.In the fourth quarter, Slack’s revenue rose More
Stocks dive on Dow’s worst day since 1987, tech crashes
Well, that was terrible.During the day’s wild trading session, the Dow Jones Industrial Average (DJIA) dropped by just under 10% in what was the largest single-day percentage decline since the stock market crash in 1987 (when markets were sufficiently scarred to institute failsafe measures for the future, to prevent similar, More
Unitary, an EF alumnus, raises £1.3M seed for its content
Unitary, a startup that’s developing AI to automate content moderation for “harmful content” so that humans don’t have to, has picked up £1.35 million in funding. The company is still in development mode but launched a trial of its technology in September.Led by Rocket Internet’s GFC, the seed round also More
Taipei-based TNL Media Group acquires adtech startup Ad2iction
Ad2iction’s teamTNL Media Group, the Taipei-based media and journalism company, announced it has acquired mobile ad technology startup Ad2iction. In addition to digital advertising and data analytics, Ad2iction also operates verticals like Agent Movie, a film site, and its brands will remain independently run after joining TNL Media Group.Ad2iction currently More
Goodlord, the proptech startup that offers a SaaS for rentals,
Goodlord, the London ‘proptech’ startup that offers cloud-based software to help estate agents, landlords and tenants manage the rental process, appears to have achieved somewhat of a turn-around after it fell into difficulty two years ago. Since then the company installed a new CEO and CTO, and raised further funding. More
SaaS companies flirt with correction territory as another wild week
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.Stocks are set to fall further today, likely forcing shares in SaaS and cloud companies down yet again. After two wild trading weeks, the high-flying tech category is off over 9% More