Robinhood’s CFO says it was ready to go public

robinhood’s-cfo-says-it-was-ready-to-go-public

Robinhood priced at $38 per share this week, opened flat and closed its first day’s trading yesterday worth $34.82 per share, or a bit more than 8% underwater. The company posted a mixed picture today, falling early before recovering to breakeven in late-morning trading. It wasn’t the debut that some expected Robinhood to have. The … Read more

Platform-as-a-service startup Porter aims to become go-to platform for deploying, managing cloud-based apps

platform-as-a-service-startup-porter-aims-to-become-go-to-platform-for-deploying,-managing-cloud-based-apps

By the time Porter co-founders Trevor Shim and Justin Rhee decided to build a company around DevOps, the pair were well versed in doing remote development on Kubernetes. And like other users, were consistently getting burnt by the technology. They realized that for all of the benefits, Rhee told TechCrunch that the technology was there, … Read more

Why Latin American venture capital is breaking records this year

why-latin-american-venture-capital-is-breaking-records-this-year

Today we’re wrapping our multi-week exploration of the global venture capital market’s second-quarter performance. We’ve gone around the world, working to better understand the geyser of cash flowing into today’s startups. But we’ve saved the best for last: Latin America. At a glance, the Latin American venture capital and startup market appears similar to what … Read more

Airtel Africa gets an extra $200M for its mobile money business from QIA

airtel-africa-gets-an-extra-$200m-for-its-mobile-money-business-from-qia

Three months ago, Mastercard invested $100 million in Airtel Mobile Commerce BV (AMC BV) — the mobile money business of telecom Airtel Africa. This was two weeks after it also received $200 million from TPG’s Rise Fund. Today, the African telecoms operator has announced that it has secured another investment for its mobile money arm. … Read more

Fortnite’s mystery ‘superstar’ virtual music tour kicks off next week

fortnite’s-mystery-‘superstar’-virtual-music-tour-kicks-off-next-week

Epic Games is teasing the biggest in-game event since Travis Scott psychedelically stomped through Fortnite’s virtual meadows. The mysterious new event, which Fortnite-maker Epic is calling the “Rift Tour,” will kick off on Friday, August 6 and run through Sunday, August 8. In the teaser announcement, Epic invites players to “take a musical journey into … Read more

Panic sells 20,000+ Playdate handhelds in under 20 minutes

panic-sells-20,000+-playdate-handhelds-in-under-20-minutes

As we’ve known for about a week, today was the day Panic’s charming/whacky/curious/all-of-the-above Playdate gaming device (and its crank!) went up for pre-order. The buzz around the little retro-inspired handheld seemed strong — but would that translate into actual sales? The answer, it seems, is a hard yes. Panic committed to making 20,000 units for … Read more

Scarlett Johansson files suit over Disney+ ‘Black Widow’ release

scarlett-johansson-files-suit-over-disney+-‘black-widow’-release

Update: Disney issued the following response to the suit, There is no merit whatsoever to this filing. The lawsuit is especially sad and distressing in its callous disregard for the horrific and prolonged global effects of the Covid-19 pandemic. Disney has fully complied with Ms. Johansson’s contract and furthermore, the release of Black Widow on Disney+ with … Read more