Klarna, the Stockholm-based buy-now-pay-later outfit that’s barreling toward an IPO, isn’t done shaking up its board. According to the FT, seven directors just agreed to oust investor Mikael Walther from Klarna’s eight-person board, nearly eight years after he joined it. Walther is a confidante of Klarna co-founder Victor Jacobsson, who remains a major shareholder and, […]
Ola Electric stock tumbles as complaints ratch up, and market share erodes
Indian electric vehicle maker Ola Electric’s customers aren’t happy with its service and scooters, and it’s affecting the company’s stock and market share. The company’s shares fell by as much as 9.1% on Monday to ₹89.14, sending its market cap below $ 4.75 billion for the first time since its IPO in August. The company’s […]
StrictlyVC comes to TechCrunch Disrupt 2024
StrictlyVC is hosting its first event inside TechCrunch Disrupt 2024, and if you’re an investor keen to mingle with your peers, you won’t want to miss this opportunity. The StrictlyVC series — which brings the people and stories dominating the headlines straight to an audience of largely VCs, LPs, founders, and operators — is coming […]
AWS CEO Matt Garman on generative AI, open source, and closing services
It was quite a surprise when Adam Selipsky stepped down as the CEO of Amazon’s AWS cloud computing unit. What was maybe just as much of a surprise was that Matt Garman succeeded him. Garman joined Amazon as an intern in 2005 and became a full-time employee in 2006, working on the early AWS products. […]
Tony Fadell-backed Plumerai brings on-device AI to home security cameras
On Wednesday, some Harvard students made headlines by outfitting a pair of Ray-Ban Meta glasses with facial recognition. The DIY project is the latest piece of news to stoke privacy concerns around the ubiquitous technology. As cameras become increasingly prevalent in society, the issue has grown in importance. Connectivity has a big role in this […]