Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: Looking at the number of exits produced and the total dollar volume those liquidity events commanded, the European startup scene has shown growth over the past year. That fact comes from the Startups M&A 2017 Report
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Google has filed a legal appeal against a record-breaking fine handed down by the European Commission this summer for anti-competitive behavior relating to the operation of its product search comparison service, currently known as Google Shopping. The news was reported earlier by Reuters and separately confirmed by us. In June the EC judged that Google
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Rackspace today announced its intention to acquire Datapipe, one of its largest competitors in the managed public and private cloud services business. Rackspace expects the acquisition, which is its largest one yet, to close in the next quarter. The two privately held companies did not disclose the financial details of the transaction, but Datapipe has raised
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Well, this is quite a coup. Entrepreneur First (EF), the London-headquartered company builder that invests in individuals “pre-team, pre-idea” to help create new technology startups, has raised $12.4 million in new funding led by Silicon Valley’s Greylock Partners. The investment also sees Greylock partner and co-founder of LinkedIn Reid Hoffman join the board. In a
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Data Artisans, the business arm of open source tool, Apache Flink, announced an early-access release of the commercial version of their platform today that includes a new tool for managing streaming applications. Kostas Tzoumas, CEO at Data Artisans, says managing applications on a real-time streaming product presents some serious challenges for customers, and the new
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Another privacy-related fine for Facebook in Europe: The Spanish data protection regulator has issued a €1.2M (~$1.4M) fine against the social media behemoth for a series of violations regarding its data-harvesting activities. Spain’s AEPD said an investigation into how Facebook collects, stores and uses data for advertising purposes found it is doing so without obtaining
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French fintech startup Bankin is partnering with another fintech startup, Yomoni. Bankin brings all you your bank accounts together in a single, unified interface. It’s a sort of Mint, but for the French market. Bankin also competes with another app that I covered just a couple of days ago, Linxo. Both of them want to
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Dara Khosrowshahi, the recently named CEO of Uber, is leaving the New York Times Company’s board of directors. According to a government filing, Khosrowshahi notified the NYT board on Thursday that he would be resigning from the role because of his new responsibilities at Uber. The former Expedia CEO had been on the board since 2015.
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Tech writers are invited to a lot of demo days, as you might imagine. Sometimes, these presentations are very long, with many startup teams taking the stage to pitch to investors and the media. Sometimes, they’re shorter, featuring a more concentrated group of founders. But always, the pitches are concise. In fact, most incubators or
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Subverting the 140 character limit by chaining tweets together into a cohesive “tweetstorm” takes some know-how, or you’ll screw it up. Luckily Twitter has built but not yet launched a feature for easily composing tweetstorms. Hidden inside the current Android app is a way to write out a tweetstorm and see it broken into distinct
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China’s big electric vehicle push is about to get even bigger: The country is planning to end the sale of fossil fuel-powered vehicles entirely, with regulators working currently on a timetable of when the ban will ultimately take effect, according to Bloomberg. China is the world’s largest auto market, with 28.03 million vehicles sold last
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At this point in the game there should be a single page on every corporate website, preferably accessible from its front page, that includes the name and all contact details for the Chief Security Officer, including the last four digits of her social security number. It should be her responsibility to ensure that no one
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Credit score business Equifax revealed Thursday that 143 million people were compromised in a cyber attack. Social security numbers and other personally identifying information were accessed. And guess what, the stock market didn’t like it! The company lost about $2 billion in market cap Friday after tumbling nearly 14%.  Apparently, the company has known about the
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