Silicon Valley Journals In a surprising turn of events, X, the social media platform formerly known as Twitter, has reinstated Kanye West’s account after an eight-month suspension. The musician and designer, who now goes by the name Ye, had his account suspended last fall for violating the platform’s policy against incitement to violence when he posted a picture … Read more
VanTrust Real Estate, a leading property developer, has made a significant move in expanding its footprint in Texas. On July 26, 2023, the company announced the acquisition of a 60.4-acre parcel of land in Terrell, Texas, with ambitious plans to develop two state-of-the-art speculative industrial buildings. Strategically located near Highway 80 and Spur 557, the … Read more
Bottom Line Equipment, based in Broussard, Louisiana, a company that specializes in heavy equipment and specialty attachment rental and sales for construction, demolition, pipeline, land management, and debris removal, has recently acquired H & V Equipment Services. H & V Equipment Services, operating since 1991, offers rental, sales, and service of new and used construction … Read more
Figure Technologies Inc., a financial technology company co-founded by Mike Cagney, the former CEO of Social Finance Inc. (SoFi), has laid off 90 employees, which accounts for about 20% of its workforce. The company is reportedly preparing for an initial public offering (IPO) for its lending business, referred to as “LendCo,” in early 2024. According … Read more
Sequoia has laid off seven employees from its operations team, which represents one-third of the team responsible for recruiting talent for startups in its portfolio. The layoffs come after the exit of veteran Jamie Bott, who led the company’s talent team. This move is seen as a broader restructuring effort by Sequoia, likely in response … Read more
Toy company Funko has announced that it will be laying off between 180 to 200 employees, which amounts to approximately 12% to 13% of its workforce. The decision is part of the company’s efforts to “rebalance its cost structure” and focus on areas that are expected to drive long-term growth and improve margins. The layoffs … Read more
Crypto.com, a prominent cryptocurrency firm, has been granted regulatory approval by the Dutch central bank, De Nederlandsche Bank (DNB), to offer its services in the Netherlands. The exchange announced its registration as a cryptocurrency service provider after undergoing a comprehensive review of its business operations and compliance with the country’s Anti-Money Laundering and counter-financing of … Read more
U.S. chipmaker Advanced Micro Devices (AMD) has announced its plans to invest approximately $400 million in India over the next five years. The company will establish its largest design center in Bengaluru, India’s tech hub. The announcement was made by AMD’s Chief Technology Officer, Mark Papermaster, during an annual semiconductor conference in Gujarat, the home … Read more
Energize Capital, a prominent climate software investor, has successfully closed its second growth fund, securing a total of $300 million in capital commitments for its growth equity platform. This milestone brings the firm’s assets under management to $1.2 billion, with over $860 million in total committed capital from limited partners (LPs). As a reflection of … Read more
OAG, the world’s foremost data platform for the global travel industry, has completed the acquisition of Infare, the leading provider of competitor air travel data. The deal, values the combined entity at over US$500 million, brings together two industry giants to create a market-leading end-to-end data platform catering to critical air travel intelligence needs worldwide. … Read more