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Morning News Roundup: 500 Startups invests in e-sports platform ESPL; Indonesia’s Datasaur secures US$1M funding


Finance 500 Startups invests in mobile-focussed Esports Players League ​Esports Players League​ (ESPL), a global e-sports tournament network and platform, has announced that it has secured an undisclosed investment from 500 Startups​ as a part of its seed round. 500 Startups said that it intended to support ESPL in executing its initial business objective of […]

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Why you shouldn’t let your mind dismiss your entrepreneurial dream


People who want to own their own business but are afraid to do it often produce similar excuses. Because of these excuses, many people cannot start their own business. Of course, starting your own business is a challenging process and requires a lot of dedication to succeed in this field. Mohab Ayoub, Algedra Interior Design […]

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Trust before technology: Why fintechs need to put more emphasis on trust


The world’s most valuable resource is no longer oil, but data. Since ‘The Economist’ published this ground-breaking truth in 2017, “Data, as the new oil,” has become a common refrain in business circles. But far from becoming a cliché, the weight of this statement is so heavy and profound that companies are taking heed. With […]

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Boosted lays off ‘a significant portion’ of team as it looks for a buyer


Boosted, the startup behind the Boosted Boards and, more recently, the Boosted Rev electric scooter, has laid off “a significant portion” of its team, the company announced today. The company is now actively seeking a buyer. Boosted attributes the layoffs to the costs of developing, producing and maintaining electric vehicles and the “unplanned challenge with […]

Despite earnings beat and upbeat forecast, Zoom shares fall after reporting Q4 results


Today after the bell, Zoom reported its Q4 earnings. The company’s recorded revenue of $188.3 million and its adjusted per-share profit of $0.15 were ahead of expectations, including $176.55 million in revenue and earnings per share of $0.07, according to Yahoo Finance averages. Down several points during a broad market rally, Zoom has been a […]

Oyo layoffs, Airbnb’s delayed IPO and the long-term quandary of investing in travel startups


It’s the best and worst of times for travel startups. Massive growth over the past few decades has made tourism one of the big global industries, covering everything from recreation to business conferences to shopping sprees. But doubts about the future of the industry are growing — and not just because of the novel coronavirus […]