Tumblr’s next step forward with Automattic CEO Matt Mullenweg

After months of rumors, Verizon finally sold off Tumblr for a reported $3 million — a fraction of what Yahoo paid for the once might blogging service back in 2013. The media conglomerate (which also owns TechCrunch) was clearly never quite sure what to do with the property after gobbling it up as part of […]

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Axios’ Dan Primack on ‘the most polarizing startup that exists’

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

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Backed by LG, AmazeVR is hoping to resurrect virtual reality’s consumer dreams

For over 100 years entrepreneurs have come to Hollywood to try their luck in the dream factory and build an empire in the business of storytelling. Propelled by new technologies, new businessmen have been landing in Los Angeles since the invention of the nickelodeon to create a studio that would dominate popular entertainment. Over the […]

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Cathay Capital and AfricInvest to raise $168M Africa VC fund

Tunisia based private equity firm Africinvest has teamed up with Cathay Capital — a global private equity firm based in Paris — to launch a new Africa tech fund with a target raise of $168 million. Details are still forthcoming, but the Cathay Africinvest Innovation Fund will focus primarily on series A to C stage […]

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Yahoo spinout Altaba is selling its entire Alibaba stake and closing down

Bye bye, Altaba . The Yahoo spinout created to house Yahoo’s lucrative stake in Alibaba and Yahoo Japan, announced today that it will sell its lucrative stake in Alibaba and shut up shop. The entity has long existed as a proxy to Alibaba — some might argue Yahoo was the same in its final years […]

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Yahoo spinout Altaba is selling its entire Alibaba stake and closing down

Bye bye, Altaba . The Yahoo spinout created to house Yahoo’s lucrative stake in Alibaba and Yahoo Japan, announced today that it will sell its lucrative stake in Alibaba and shut up shop. The entity has long existed as a proxy to Alibaba — some might argue Yahoo was the same in its final years […]

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Former Oath CEO Tim Armstrong is exiting Verizon with a payout worth more than $60 million

Tim Armstrong will leave Verizon Communications with an awards and benefits package worth more than $60 million. The Wall Street Journal calculated the total amount based on a securities filing from last Monday by combining Armstrong’s compensation in 2018, severance and a special incentive package he was given by Verizon when it acquired AOL in […]

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EU gov’t and public health sites lousy with adtech, study finds

A study of tracking cookies running on government and public sector health websites in the European Union has found commercial adtech to be operating pervasively even in what should be core not-for-profit corners of the Internet. The researchers used searches including queries related to HIV, mental health, pregnancy, alcoholism and cancer to examine how frequently […]

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Fifty years of the internet

Leonard Kleinrock Contributor Share on Twitter Leonard Kleinrock is the Distinguished Professor Emeritus of Computer Science at the UCLA Samueli School of Engineering. When my team of graduate students and I sent the first message over the internet on a warm Los Angeles evening in October, 1969, little did we suspect that we were at […]

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