March 14, 20230CommentsA California appeals court reverses a lower court ruling that found Prop 22 illegal, preserving the independent contractor model of companies like Uber and Lyft (Preetika Rana/Wall Street Journal)
March 13, 20230CommentsSources: Chinese autonomous driving startup WeRide has filed confidentially for a US IPO and aims to raise $500M; WeRide was valued at ~$4.4B in March 2022 (Bloomberg)
March 13, 20230CommentsMeta says it is winding down its work on NFTs “for now” to focus on other ways of supporting creators, people, and businesses (Adam Morgan McCarthy/The Block)
March 13, 20230CommentsSources: the US DOJ is investigating the May 2022 collapse of the TerraUSD stablecoin; the SEC filed a suit against Terraform Labs and Do Kwon last month (Alexander Osipovich/Wall Street Journal)
March 13, 20230CommentsAvoid cofounder conflict with frank conversation and a bulletproof founder’s agreement
March 13, 20230CommentsY Combinator scales back its late stage team, laying off 17 employees, or ~20% of YC staff, calling late stage investing a “distraction from our core mission” (Natasha Mascarenhas/TechCrunch)
March 13, 20230CommentsA Pixel 7a developer unit allegedly leaks to a Vietnamese blog, featuring a 90Hz 6.1″ display, 8GB of RAM, and two 12MP cameras with wide and ultra-wide lenses (Kellen/Droid Life)
March 13, 20230CommentsGitLab reports Q4 revenue up 58% YoY to $122.9M, a $46.3M operating loss, up from $40.6M YoY, and a weak revenue forecast for fiscal year 2024; GTLB drops 35%+ (Jordan Novet/CNBC)
March 13, 20230CommentsA Utah jury finds that Dish Network must pay $469M for infringing two streaming video filtering patents held by parental-control tech maker ClearPlay (Blake Brittain/Reuters)
March 13, 20230CommentsSources: Y Combinator will not raise another Continuity Fund, which backs late-stage startups, and the two partners who led the fund plan to leave the company (Kate Clark/The Information)