Not all venture funding has dried up: Former Snap executive Imran Khan’s luxury ecommerce site Verishop raised $40 million in a Series B funding round.
NIkon to end DSLR line: Smartphones have an opportunity to seize the camera market, but smaller bodies and lack of long lenses will be tough to overcome. Computational photography could help fill the gaps.
The layoff-hiring puzzle: In what seems like a paradox, scores of layoffs coincide with hiring growth. Tech moves away from broad expansion plans while still needing software innovation to stay afloat.
Walmart uses EV deal to strike out at Amazon: The big-box retailer’s agreement with Canoo explicitly prevents the automaker from selling to the ecommerce giant.
From hiring help to layoff harm reduction: Responding to shifting market conditions, startup Continuum shifts its focus to helping companies deftly execute layoffs. But another strategy adjustment may be necessary.
The terminated deal could not meet regulatory requirements. VyStar’s recent troubles show the hazards that delayed M&As and digital transformation pose to banks’ growth.
Zip said it plans to focus on its core business instead—we look at what it means for both providers.
US inflation hit a new four-decade high in June: That’s causing some consumers to pull back on spending and others to wait for sales events such as Prime Day.
In 2023, 5.5 million US adults will use cryptocurrency to make payments, a jump of more than 350% in three years. That said, this figure represents a meager 2.3% of US internet users, showing that crypto payments are far from mainstream.
EVs on track to surpass adoption targets: An electrified future could happen sooner thanks to a range of prices and model choices, high gas prices, and promised charging infrastructure.
Rivian grew too quickly: The EV truck maker rushes to reduce its workforce after a hiring surge and persistent economic headwinds. The intensifying layoff trend could be a sign of strife in various industries.
PepsiCo and Costco take opposing approaches to inflation: The CPG giant is relying on higher prices to mitigate cost increases while the retailer focuses on retaining cost-conscious shoppers.
On today's episode, we discuss what Google is up to in the healthcare space: how Google is turning Search and YouTube into consumer health tools, how it could disrupt electronic health records, and what Google's relationship with healthcare will look like in five years. "In Other News," we talk about AI scanning medical records to improve your health and whether digital health startups are living up to their hype. Tune in to the discussion with our analysts Lisa Phillips and Rajiv Leventhal.
Investors’ interest in Series A funding rounds remains unwavered, according to Rock Health’s latest report. We detail what type of startups could continue seeing investment dollars amid a looming recession.