Finmid raises $24.7M to help SMBs access loans through platforms like Wolt

Berlin-based finmid — one of the many startups building embedded fintech solutions, in its case targeting marketplaces that want to provide their own payment and financing options — has raised €23 million ($24.7 million) in a Series A round to further build out its product and enter new markets. The round values the company at […]

Threads is finally testing a recent filter for search results

Meta-owned social network Threads is finally testing a “Recent” filter to sort search results by the latest. Instagram head Adam Mosseri noted Monday that this is a limited test, and the feature is available to only a few people. “We’re starting to test this with a small number of people, so it’s easier to find […]

Tesla layoffs hit high performers, slashes some departments, sources say

Tesla management told employees Monday that the recent round of layoffs — which gutted some departments by 20% and even hit high performers– were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter […]

Meta thinks it’s a good idea for students to wear Quest headsets in class

Meta continues to field criticism over how it handles younger consumers using its platforms, but the company is also planning new products that will cater to them. On Monday, the company announced that later this year it will be launching a new education product for Quest to position its VR headset as a go-to device […]

Change Healthcare stolen patient data leaked by ransomware gang

An extortion group has published a portion of what it says are the private and sensitive patient records on millions of Americans stolen during the ransomware attack on Change Healthcare in February. On Monday, a new ransomware and extortion gang that calls itself RansomHub published several files on its dark web leak site containing personal […]

Open source Substack rival Ghost may join the fediverse

Ghost, the open source alternative to Substack’s newsletter platform, is considering joining the fediverse, the social network of interconnected servers that includes apps like Mastodon, Pixelfed, PeerTube, Flipboard and, more recently, Instagram Threads, among others. According to a post from Ghost founder John O’Nolan, the company — which is structured as a nonprofit — is considering […]

Elon Musk plans to charge new X users to enable posting

Elon Musk is planning to charge new X users a small fee to enable posting on the social network and to curb the bot problem. In reply to an X account that posted about changes on X’s website, Musk said charging a small fee to new accounts was the “only way” to stop the “onslaught […]