BDO, the auditor for Indian edtech startup Byju’s, has resigned with immediate effect, marking the second auditor departure for the embattled startup in about a year and further intensifying concerns about its financial health and governance. In a scathing resignation letter, BDO subsidiary MSKA highlighted multiple issues with Byju’s, including …
Read More »How a viral AI image catapulted a Mexican startup to a major adidas contract
Antonio Nuño, Fatima Alvarez, and Enrique Rodriguez have been friends since they were five years old. As teenagers, they became volunteers helping indigenous communities — first in Mexico, then in other countries — and saw that many of the women were artisans. The trio came to realize that these artists …
Read More »For security, we have to stop picking up the phone
How do you know that the person on the other end of a phone call is really who they say they are? Earlier in July, a Ferrari executive was flooded with a barrage of WhatsApp messages that appeared to come from his boss, the carmaker’s CEO, Benedetto Vigna. But the …
Read More »Startups are getting fined, or sometimes banned, by individual states
In 2022, Carta’s business license was revoked in Illinois for failing to pay franchise tax, a tax on national corporations doing business in the state, according to state records seen by TechCrunch. In 2024, Washington state terminated cap table software Pulley’s business license, according to state filings. Carta spokesperson Amanda …
Read More »Aptos CEO Mo Shaikh shares his journey to web3 and market opportunities in Asia and Middle East
As a young immigrant in Brooklyn, Mo Shaikh often pondered over his father’s taxi earnings. His father would say he made $100, but Shaikh couldn’t understand why only $60 made it home. (The rest, he learned, went to intermediaries.) This early experience sparked his curiosity about financial systems, but also …
Read More »Boeing’s Starliner performs flawless touchdown without on-board crew, program’s future remains uncertain
After months of delays and uncertainty, Boeing’s Starliner capsule has returned from the International Space Station, touching down in White Sands Space Harbor, New Mexico, just after midnight on Saturday. The capsule returned autonomously to Earth without its two crew members, NASA astronaut Butch Wilmore and Suni Williams, who will …
Read More »Canva wants you to pay a lot more for its AI features
Canva is dramatically increasing prices for some customers. Canva Teams subscribers on older pricing plans will see a 300% increase for a five-person plan, jumping from $119.99 per year to $500 per year. Users will get a 40% discount for the first 12 months before the switch takes effect. The …
Read More »Payroll startup Warp disavows ‘affiliate’ who posted about white superiority
Warp, a young payroll startup in New York, is in the spotlight following controversial posts from an account tied to the company. On Thursday, an account posting under the name Vittorio wrote on X, “i like White people more, they do more, they are better for the roles i need …
Read More »Bluesky grows to 9M+ users
Bluesky keeps growing: The company announced that as of Friday morning, it had added 3 million new users, bringing its total user count to more than 9 million. In other words, the social platform’s user base has grown by around 50 percent in the week or so since a Brazilian …
Read More »Telegram reportedly ‘inundated’ with illegal and extremist activity
A New York Times analysis of more than 3.2 million Telegram messages from 16,000 channels found that the messaging platform has been “inundated” with illegal and extremist activity. Specifically, The Times found 1,500 channels operated by white supremacists, two dozen channels selling weapons, and at least 22 channels where MDMA, cocaine, …
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