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Showing posts from January, 2022

An app developer’s lawsuit over rejections and scammers is allowed to proceed, judge rules

A lawsuit over App Store abuses has been given the green light to proceed, at least on some fronts. The case, filed in California’s Superior Court in Santa Clara County last March , hails from app developer and former Pinterest engineer, Kosta Eleftheriou, who claims his keyboard app FlickType was initially unfairly rejected from Apple’s App Store, then later targeted by scammers once approved, leading to lost revenues. The judge has ruled that at least half the claims can proceed to trial and is giving Eleftheriou the opportunity to amend the remaining items. Eleftheriou has become known as an outspoken App Store critic in recent months, often serving as the source for stories about App Store scams like a crypto wallet app that scammed a user out of his life savings (~$600,000) in bitcoin; a kids game that actually contained a hidden online casino ; and a VPN app  scamming users out of $5 million per year, among others. His findings even became the subject of a line of questi...

Check out these 34 pitch decks used by fintechs to raise millions in funding

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Check out these pitch decks for examples of fintech founders sold their vision. Yulia Reznikov/Getty Images Insider has been tracking the next wave of hot new startups that are blending finance and tech.  Check out these pitch decks to see how fintech founders sold their vision. See more stories on Insider's business page . Fintech funding has been on a tear. In 2021, fintech funding hit a record $132 billion globally, according to CB Insights , more than double 2020's mark. Insider has been tracking the next wave of hot new startups that are blending finance and tech.  Check out these pitch decks to see how fintech founders are selling their vision and nabbing big bucks in the process. You'll see new financial tech geared at freelancers, fresh twists on digital banking, and innovation aimed at streamlining customer onboarding.  Smarter insurance for multifamily properties Itai Ben-Zaken, cofounder and CEO of Honeycomb. Honeycomb A veteran of the onli...

Sony snaps up ‘Halo’ and ‘Destiny’ creator Bungie for $3.6B

Bungie, the studio responsible for the creation of Halo and Destiny , two of the gaming world’s biggest franchises, has been acquired by Sony. It’s part of a consolidation and turf war being waged as the next generation of gaming (and the metaverse, whatever that is) builds up steam. The news was announced by both companies Monday morning (with industry sleuth Jason Schreier reporting early ) and the deal valued at $3.6 billion . That may be just a fraction of Microsoft’s recent $60B Activision Blizzard acquisition, but Bungie is no less a legend in gaming. Beginning as a Mac-focused studio in the ’90s with forgotten classic FPS Pathways Into Darkness and the influential Marathon , Bungie threatened to change the balance in power in the gaming world with Halo, which was intended to serve as the moment Apple took gaming seriously. Even Steve Jobs got in on the hype. But then Microsoft announced it was buying Bungie and making Halo an exclusive to its new Xbox console — seemingly ...

Teladoc is on the verge of replacing Tesla as Ark Invest's biggest holding. Here's why Cathie Wood is so bullish on the telemedicine company.

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Photo by PATRICK T. FALLON/AFP via Getty Images Teladoc is neck and neck with Tesla as Ark Invest's top holding across all of its funds. Cathie Wood has been consistently trimming Ark Invest's Tesla stake while buying more Teladoc. Here's why she is so bullish on the telemedicine company that lost 54% in 2021.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell . Despite a more than 50% decline in 2021, Teladoc has quietly risen to be Ark Invest's second largest holding across all of its funds — and it is on the verge of replacing Tesla for the top spot. As of Friday, its Teladoc position was worth $1.24 billion, while its Tesla position was worth $1.25 billion, according to the latest data from Cathie Wood's Ark. Depending on how Monday shakes out, Teladoc could finally knock Tesla off the top spot in Ark's investment portfolio. Teladoc was first added to Ark's flagship Disruptive Innovation and Genomic Revolution ETFs...

Biden vowed to nominate a Black woman to the Supreme Court. Here's a look at his shortlist.

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DC Circuit Court Judge Ketanji Brown Jackson, California Supreme Court Justice Leondra Kruger, and federal court judge J. Michelle Childs are pictured. Kevin Lamarque-Pool/Getty Images; S. Todd Rogers/AP; Charles Dharapak/AP Justice Stephen Breyer is reportedly stepping down from the Supreme Court. President Biden previously promised to make a Black woman his first selection to the court. Insider has a look at some of the names reportedly on Biden's shortlist. President Joe Biden has promised to select a Black woman as his first Supreme Court justice. Justice Stephen Breyer's retirement has set off the speculation over whom will become his historic replacement. Based on multiple reports and Insider's own reporting, here's where Biden's shortlist currently stands. As of January 31, the White House has only confirmed that J. Michelle Childs, a South Carolina federal judge, is under consideration. Ketanji Brown Jackson Ketanji Brown Jackson was a former ...