Saturday, September 21, 2019
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Want to crush competitors? Forget SoftBank, Blackstone suggests; it can write...

Back in January, Blackstone — the investment firm whose assets under management surpassed a jaw-dropping half a trillion dollars earlier this year — quietly began piecing together a new, growth equity platform called Blackstone Growth, or BXG. Step one was hiring away Jon Korngold from General Atlantic, where he’d spent the previous 18 years, including…

To fight ‘evil’ ICE, an engineer pulled his code off Github

When engineer Seth Vargo found that a company using his open-source code worked with US Immigrations and Customs Enforcement, he pulled the code off Github. The company, enterprise software maker Chef, found that, without the code, its business ground to a halt. Vargo had worked for the Seattle-based company, but he didn’t know about the…

PayPal reinstates controversial policy of pocketing fees from refunds

PayPal is reinstating a controversial policy around its handling of fees in the event of a refund. Starting next month, PayPal will begin pocketing the initial 2.9 percent commission fee sellers forfeit during a transaction even when the seller is refunding a customer in full. The company initially rolled out this policy back in April,…

YouTube backtracks on taking badges away from creators after outcry

YouTube is almost completely backtracking on the verification system changes it announced yesterday. All YouTubers who are currently verified will get to keep their verification status, and YouTubers who are not yet verified will still be able to apply for it once they hit 100,000 subscribers, as creators have in the past. Only a single…

Images from New York City’s Global Climate Strike

Photo by Amelia Holowaty Krales / The Verge “I’m here because I care, and I think we need to make radical changes” On Friday, tens of thousands of people took to the streets in New York City for the Global Climate Strike. Chants of ‘Save our planet’ and “Hey hey, ho ho, climate change has…

Chef CEO says he’ll continue to work with ICE in spite...

Yesterday, software development tool maker Chef found itself in the middle of a firestorm after a Tweet called them out for doing business with DHS/ICE. Eventually it led to an influential open-source developer removing a couple of key pieces of software from the project, bringing down some parts of Chef’s commercial business. Chef intends to…

Uber sues New York City to overturn limits on drivers cruising...

Uber filed a lawsuit against New York City Friday in an effort to overturn rules limiting the amount of time ride-hail drivers can spend in busy parts of the city. It was the second time this year that Uber has sued New York City. The suit comes a month after the city’s Taxi and Limousine…

Get advice on the latest growth tactics from Demand Curve at...

We’re going to try something new at Disrupt this year, based on the great response we’ve been getting to our startup how-to coverage. We’re going to put service provider experts on our Q&A stage, where you can talk to them directly in-person about key topics like growth, fundraising and recruiting. To help kick off this…

Matchstick Ventures raises $30M to back startups in the northern U.S....

Matchstick Ventures, a seed-stage firm that says it invests in “rapidly growing, yet underserved startup ecosystems,” announced this week that it has raised $30 million for its second fund. That’s a lot more money than the firm’s $5 million seed round. This time, Matchsetick says it will write initial checks of around $500,000, and in…

Take cover, it’s a drone with a nail gun!

The FAA has warned against equipping your drone with weapons such as flamethrowers and handguns. But can a nail gun really be considered a weapon — that is, outside of Quake? Let’s hope not, because roboticists at the University of Michigan have made a roofing drone that uses that tool to autonomously nail shingles into…