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Menswear startup InStitchu raises $2.5M from Dayang

InStitchu, a startup selling custom tailored suits and other menswear has raised $2.5 miiion from Chinese clothing manufacturer Dayang Group. The company was founded in Australia back in 2012James Wakefiel and Robin McGowan who serves as co-CEOs. InStitchu says that last year, its sales increased by 114 percent, the company tripled its staff and it… Read More »

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Twitter writes off $70 million SoundCloud investment

Twitter has written off a $70 million investment it made in SoundCloud, the music streaming service. Twitter put the money into SoundCloud in in 2016, via its Twitter Ventures unit, in a deal that valued the company at $700 million. Now Twitter, via its 2017 annual report, says it has written off $66.4 million it… Read More »

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Neil Young Blasts Google, Amazon and Facebook in New Essay

In a lengthy new post on his Neil Young Archives site entitled Google And Artists, the rocker takes aim at one of the big ones. The legendary musician delivered an emotional, targeted rant at Google, Facebook, Amazon and similar tech giants on Friday, accusing them of underpaying artists. “Today, in the age of Facebook, Google… Read More »

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Momo buys Tantan, China’s Tinder, for over $600M

Momo, the Chinese location-based social networking app that has more recently made a big push into dating services and is traded on Nasdaq with a market cap of around $6 billion, announced that it has acquired Tantan, China’s top dating app, for “approximately 5.3 million newly issued Class A ordinary shares of the Company and US$600.9 million in… Read More »

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Female Software Engineer Sues Google for encouraging ‘Bro-culture’ that led to sexual

A female software engineer at Google sued the tech giant for creating a ‘bro culture’ where she was sexually harassed at work, a lawsuit claimed.  Lee’s lawsuit – filed in Santa Clara County Superior Court – alleges that the company did not protect her, saying, “Google’s bro-culture contributed to (Lee’s) suffering frequent sexual harassment and… Read More »

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Nokia acquires mesh WiFi startup Unium

To coincide with MWC in Barcelona and a bigger step into the WiFi business, Nokia has announced that it has acquired Unium, a startup out of Seattle that builds technology for mesh WiFi for home networking services. Unium’s tech is used to address one of the biggest pain-points in home WiFi today: it helps fill… Read More »

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Facebook launches its first tech startup incubator

Facebook has opened its very first in-house startup incubator at its London office. The LDN_LAB programme will offer three 12-week courses throughout the year, supporting more than 20 startups who will be mentored by Facebook engineers and executives on a range of areas including software, product development, data science and marketing. The social network is… Read More »

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Bike-share startup Zagster raises $15 million

Zagster, the bike-share company behind the Pace brand, has raised a $15 million round led by Edison Capital Partners. The startup has also unveiled its new bike parking system for both shared and personal bikes. “Bikes have always locked to things,” Zagster CEO Tim Ericson said in a press release. “Cities have been willing to… Read More »

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