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Open banking fintech Yapily raises $13M Series A

Yapily, one of a number of fintech startups that offer an opening banking API to let enterprises, such as financial service providers and merchants, connect to banks, has raised $13 million in Series A funding. Leading the round is Lakestar, which is also a backer of fintech unicorn Revolut.
Existing investors HV Holtzbrinck Ventures, and LocalGlobe also participated. Yapily last disclosed $5.4 million in seed funding in May 2019, and counts the likes of Taavet Hinrikus (TransferWise chairman and co-founder), Ott Kaukver (Twilio’s CTO), Roberto Nicastro (UniCredit’s former deputy CEO) and Frank Strauss (Former CEO of Deutsche Postbank) as angel backers.

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Quibi launches its mobile streaming service in the middle of the quarantine era

Quibi, the much-hyped mobile app promising to deliver “quick bites” of video entertainment, is finally here.
The company has been in the headlines for more than two years, thanks to the involvement of founder Jeffrey Katzenberg (who previously co-founded DreamWorks Animation) and CEO Meg Whitman (previously the CEO of eBay and Hewlett Packard Enterprise).
Plus, it’s raised a whopping $1.75 billion to fund a star-studded content slate from filmmakers like Steven Spielberg, Guillermo del Toro, Lena Waithe and Catherine Hardwick.
Quibi is launching with nearly 50 shows today. The initial lineup includes “Chrissy’s Court” (in which Chrissy Teigen presides over …

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Jeffrey Katzenberg and Meg Whitman Gamble $1.8 Billion on Quibi

LOS ANGELES — They had to cancel the premiere party. But Jeffrey Katzenberg and Meg Whitman have stuck with the April 6 start date of Quibi, the short-form video app for smartphones that they hope will attract millions of subscribers.After having led some of the nation’s top companies for decades, the two veteran executives have spent the last two years in start-up mode, prodding investors to kick in nearly $1.8 billion while courting producers and stars like Jennifer Lopez, LeBron James, Chance the Rapper, Idris Elba, Bill Murray, Steven Spielberg and Chrissy Teigen. Now Mr. Katzenberg and Ms. Whitman are ready …

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Americans Don’t Trust the Media Anymore. So Why Do They Trust the Cuomos?

At the end of 2013, CNN executives sent word to Chris Cuomo: No more interviewing your brother on television.The CNN host had taken a little heat when he addressed his older brother, Andrew Cuomo, deferentially as “governor” in an interview about a train accident in New York. Can you really cover your brother fairly, critics asked on Twitter?So for six years, Chris Cuomo sat by silently while the governor appeared on his morning show “New Day,” but was interviewed by other CNN personalities. The elder Mr. Cuomo used those occasions to mock his little brother so brutally that Jon …

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Apple has sourced over 20 million protective masks, now building and shipping face shields

As it mobilizes its supply chain, employees, and partners to provide personal protective equipment to medical workers and others working to stop the spread of the COVID-19 epidemic, Apple has sourced over 20 million face masks and is now building and shipping face shields, according to a statement from chief executive Tim Cook.

Apple is dedicated to supporting the worldwide response to COVID-19. We’ve now sourced over 20M masks through our supply chain. Our design, engineering, operations and packaging teams are also working with suppliers to design, produce and ship face shields for medical workers. pic.twitter.com/3xRqNgMThX
— Tim …

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Tesla shows how its building ventilators with car parts

Tesla is among a group of automakers retooling facilities to build ventilators for the Covid-19 crisis. In the following video, the company provides a behind-the-scene look at its ventilator design process.
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Like Ford and General Motors, Tesla engineers are building its vent with parts for its vehicles. The reason is simple: car parts are available. Automotive companies obsessively stage parts for final assemble. Without doing so, having a shortage on, say, door handles can shut down a production line. In this thought, Tesla engineers say in this video they are trying to use as many car parts as …

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Internet of Elephants launches Wildeverse, an AR game about endangered animals and conservation

On Friday, the Kenyan augmented reality game developer Internet of Elephants launched its latest game in partnership with the conservation science experts from the Borneo Nature Foundation, Goualougo Triangle Ape Foundation, Zoo Atlanta and Chester Zoo.
The new game, called “Wildeverse”, uses AR to create a virtual forest that players can explore to find certain animals — or clues to an animal’s whereabouts.
Though the game was intended to be played outdoors, the COVID-19 crisis forced the team to pivot, creating an option that lets people move about virtually using in-game controls, or walk around in more confined spaces.
The …

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GrubHub/Seamless’s pandemic initiatives are predatory and exploitative, and it’s time to stop using them

Times are exceptionally hard, especially for local restaurants, which were always in a precarious business even before the COVID-19 pandemic hit. But when times are hard, people pull together, right? Or at least they don’t take advantage of the suffering and desperate to exploit and profit from them. Right?
We’d all like to think so, but it’s not always true. Case in point: GrubHub, which owns Seamless. Do the math, and you’ll see they are hurting, not helping, restaurants they pretend they’re trying to support.
GrubHub recently rolled out a “Supper for Support” promotion which …

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Stocks are set to jump, with Dow futures pointing to a 600 point opening gain

A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York City, New York, U.S., March 6, 2020.Andrew Kelly | ReutersU.S. stock futures rose on Sunday night as Wall Street tried to recover from another decline last week while investors shook off rising tensions between Saudi Arabia and Russia.Dow Jones Industrial Average futures traded 615 points higher, implying a gain of about 649 points at the Monday open. S&P 500 and Nasdaq 100 futures also pointed to Monday opening gains for the two indexes.Last week, the major averages posted their third weekly …

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Oil drops 9% following a record surge last week, as OPEC meeting on a production cut is delayed

Oil prices dropped during overnight trading on Sunday after OPEC+ announced it was delaying its meeting initially scheduled for Monday, stoking fears on the Street that a production cut might face hurdles.U.S. West Texas Intermediate crude fell 9.2% to trade at $25.72 per barrel, while international benchmark Brent crude dipped 8.7% to $31.15 per barrel.Oil surged last week — WTI and Brent are both coming off their best week on record — as Saudi Arabia called a meeting between between OPEC and its allies, known as OPEC+, signalling there could be progress on a production cut. The organization’s March meeting ended with no …

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