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Big Tech Avoiding Almost $3bn in Developing-World Tax – Report

October 26, 2020

US tech giants are exploiting tax loopholes to avoid paying billions to the governments of developing nations, according to an NGO report. ActionAid International claims that Facebook, Microsoft and Google parent Alphabet…

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ASKfm CEO Janis Grivins: “The Essence of the Product Has to be Simple”

July 16, 2020

Janis Grivins rose from product designer to become chief executive of ASKfm, a social network where users can ask and answer questions. Since its 2010 foundation ASKfm has amassed over 200 million…

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Under the Hood of SoftBank’s $5 Billion Latin American Fund

November 27, 2019

SoftBank isn’t a company that shies from controversy. Its $9.5 billion rescue deal for WeWork caused major concern—especially given former CEO Adam Neumann’s $1.7bn payout, and operating losses totaling $1.25bn. So shaky…

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Why has it taken Asia to Kickstart Latin America’s Tech Boom?

August 8, 2019

Oftentimes at tech events, when companies pitch the breadth of their market, or investment opportunities, their Powerpoint presentation misses Latin America entirely. It’s not that they simply forget to mention the 639…

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WhatsApp Down for Hours–With No Explanation

May 4, 2017

Users of messaging service WhatsApp were unable to send or receive data for several hours yesterday. By 1.30pm PST most of its 1.2 billion users could send and receive messages once more.…

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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