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Vimeo raises $150M, while IAC is ‘contemplating’ a spin-off

by Fix Society Technical Solutions | Nov 5, 2020 | [Tech News], TechCrunch

Vimeo has raised $150 million in new equity funding, announced in conjunction with the third quarter earnings of its parent company IAC. In a letter to shareholders, IAC CEO Joey Levin said the company has “begun contemplating spinning Vimeo off to our shareholders.”...

Shares of Uber, Lyft soar on expected passage of California gig-labor ballot measure

by Fix Society Technical Solutions | Nov 4, 2020 | [Tech News], TechCrunch

Shares of American ride-hailing giants Uber and Lyft are sharply higher in pre-market trading this morning on the expected passage of Proposition 22, a California ballot measure that allow tech-enabled, on-demand companies to continue classifying gig-workers as...

VC Seth Bannon on how a Biden administration could best support climate startups

by Fix Society Technical Solutions | Nov 2, 2020 | [Tech News], TechCrunch

It’s too soon to know who will win the U.S. election tomorrow. Tomorrow may even be too soon to know who wins the election. But it’s always a good time to talk with investors about how they’re thinking about the future, and some can’t help but ponder the possibilities...

GAIA Design has raised more capital to become the West Elm of Mexico

by Fix Society Technical Solutions | Nov 1, 2020 | [Tech News], TechCrunch

Designing higher end furniture for Mexico’s rising middle and upper-middle class consumers has netted the Mexico City-based GAIA $15 million in a new round of funding. The bridge round will take the company through to a much larger capital raise planned for 2021 as...

Human Capital: Uber Eats hit with claims of ‘reverse racism’

by Fix Society Technical Solutions | Oct 31, 2020 | [Tech News], TechCrunch

Nellie Peshkov, formerly Reddit’s VP of People and Culture, is now Chief People Officer. Her appointment to the C-suite is part of the much-needed, growing trend of tech companies elevating employees focused on diversity and inclusion to the highest leadership ranks....

Facebook hits pause on algorithmic recommendations for political and social issue groups

by Fix Society Technical Solutions | Oct 30, 2020 | [Tech News], TechCrunch

With just days to go before the U.S. election, Facebook quietly suspended one of its most worrisome features. During Wednesday’s Senate hearing Senator Ed Markey asked Facebook CEO Mark Zuckerberg about reports that his company has long known its group recommendations...
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