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Tag: startup

Sanders proposal to raise these taxes could hit start-up workers

Sanders proposal to raise these taxes could hit start-up workers

Finance
Democratic presidential hopeful Vermont Senator Bernie Sanders participates in the tenth Democratic primary debate of the 2020 presidential campaign season co-hosted by CBS News and the Congressional Black Caucus Institute at the Gaillard Center in Charleston, South Carolina, on February 25, 2020.Jim Watson | AFP | Getty ImagesA bill introduced by Sen. Bernie Sanders, I-Vt., that would raise taxes on executive retirement plans could hit an unintended target: employees at start-ups.The presidential candidate, along with Sen. Chris Van Hollen, D-Md., proposed the CEO and Worker Pension Act on Thursday.While the bill likely won't go too far amid a divided Congress, it offers a clue into Sanders' thinking as he campaigns for office.The legislation takes aim at so-called nonqualified deferred c...
OneWeb: London start-up launches first big batch of satellites

OneWeb: London start-up launches first big batch of satellites

Science
The UK-based OneWeb company has sent 34 satellites into orbit on a single Soyuz rocket from Baikonur in Kazakhstan.The start-up is building a mega-constellation in the sky to deliver broadband internet to all corners of the globe.Six spacecraft were lofted in 2019 to prove the technology, but this year will see big batches of platforms going up on a near monthly basis.The aim is to have the full network in operation by the end of 2021. OneWeb is in a race with a number of other companies that want to provide the same kind of service. California entrepreneur Elon Musk is developing his Starlink constellation which envisages thousands ...
Microsoft arm backs ‘kidtech’ start-up SuperAwesome

Microsoft arm backs ‘kidtech’ start-up SuperAwesome

Business
The venture capital arm of Microsoft, the American technology behemoth, is to buy a stake in a six-year-old British company which produces software to protect children online.Sky News has learnt that M12 - which was previously called Microsoft Ventures - is close to striking a deal to become a shareholder in SuperAwesome. The transaction, which is expected to be confirmed next month, will represent a big milestone for SuperAwesome.Set up in 2013 by Dylan Collins, the company has attracted business from some of the world's biggest advertisers to children amid increasingly strict regulation.Multinationals including Kellogg's, Mattel, Nintendo and Unilever are among the brands listed on SuperAwesome's website as clients of the British start-up. ...
Fintech start-up Stripe notches eye-popping $35 billion valuation after new funding round

Fintech start-up Stripe notches eye-popping $35 billion valuation after new funding round

Finance
Fintech company Stripe is climbing the ranks of the most valuable Silicon companies.Stripe, a San Francisco-based payments company that competes with Jack Dorsey's Square, announced an additional $ 250 million funding round on Thursday, bringing its valuation to an eye-popping $ 35 billion. Venture capital firms Sequoia, Andreessen Horowitz General Catalyst, among other investors, participated in the equity round.The company makes software that allows businesses to accept payments over the internet. Stripe processes payments for a long list of companies, including Airbnb, Lyft and Shopify.It has been one of the most popular venture investments in Silicon Valley as consumers overwhelmingly move to online payments. Its major backers include Peter Thiel, Elon Musk, Google's venture arm Capita...

Court rules startup may collect data from LinkedIn profiles

Technology
A federal appeals court has affirmed the right of a startup company to collect information from people's public profiles on networking service LinkedIn. The U.S. Court of Appeals for the Ninth Circuit in San Francisco upheld a previous ruling Monday siding with hiQ Labs, a San Francisco company that analyzes workforce data scraped from profiles. LinkedIn invoked a federal anti-hacking law in telling hiQ to stop. It also installed technical blocks to prevent hiQ from accessing otherwise publicly available information on LinkedIn users. A 2017 ruling ordered LinkedIn to stop blocking the startup. LinkedIn appealed. LinkedIn, which is owned by Microsoft Corp., said it is disappointed in the decision and evaluating options for an appeal. HiQ did not immediately respond for a message for comme...