The DOJ challenges Visa’s acquisition of a fintech startup, Apple releases the most recent model of iOS and goPuff acquires an iconic alcohol retailer. That is your Each day Crunch for November 5, 2020.
The massive story: DOJ recordsdata go well with to cease Plaid acquisition
The Division of Justice is difficult Visa’s $5.3 billion acquisition of economic companies startup Plaid. There have been reports last month that the DOJ was investigating the acquisition, however now the department has actually filed suit.
“By buying Plaid, Visa would remove a nascent aggressive risk that may doubtless end in substantial financial savings and extra progressive on-line debit companies for retailers and shoppers,” DOJ argued.
Visa responded in an announcement arguing that the go well with reveals “a lack of awareness of Plaid’s enterprise and the extremely aggressive funds panorama wherein Visa operates.”
The tech giants
Facebook takes down ‘Stop the Steal 2020’ group organizing around false claims of election chicanery — Fb has taken down a gaggle that had amassed greater than 300,000 members whereas sharing misinformation and organizing round false allegations of impropriety through the 2020 elections.
Apple releases iOS 14.2 with new emojis and an accessibility feature that locates people with lidar — Amongst different issues, this launch introduces greater than 100 new emojis.
Review: Microsoft’s Xbox Series X is ahead of its time — This factor has a variety of specs behind it.
Startups, funding and enterprise capital
Delivery startup goPuff acquires BevMo for $350M — This comes lower than a month after goPuff introduced a $380 million spherical that valued the startup at $3.9 billion.
Proctorio used DMCA to take down a student’s critical tweets — A collection of tweets by one Miami College pupil that had been vital of a proctoring software program firm have been hidden by Twitter after the corporate filed a copyright takedown discover.
Vivid Money raises $17.6M for its European challenger bank — Vivid Cash is a challenger financial institution with a number of nifty options.
Recommendation and evaluation from Additional Crunch
Three tips for SaaS founders hoping to join the $1 million ARR club — Constructing a SaaS firm is far, way more tough in the event you strategy it with no tried and true course of.
Implementing a data-driven approach to guarantee fair, equitable and transparent employee pay — The shortage of readability can result in confusion and adverse emotions that have an effect on our productiveness and relationships with our employers.
Inside fintech startup Upstart’s IPO filing — The fintech startup facilitates loans between shoppers and associate banks, an operation that attracted round $144 million in capital previous to its IPO.
(Reminder: Additional Crunch is our membership program, which goals to democratize details about startups. You can sign up here.)
Every thing else
DOJ says it seized over $1 billion in bitcoin from the Silk Road drugs marketplace — In an announcement as we speak, the Justice Division confirmed it seized the 70,000 bitcoins generated in income from drug gross sales on the Silk Internet market.
NASA wants new and innovative storytelling tech to document its Artemis moon missions — NASA has issued a brand new request for proposals from companions that may be capable to assist it complement its personal storytelling in new and progressive methods.
Mixtape podcast: Wellness in the time of the struggle — Shine co-founder and co-CEO Marah Lidey discusses psychological well being, enterprise capital, portfolio variety and connecting with different founders.
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