Social Media
Magma Partners scores $50M to build the a16z of Latin America
Magma Partners has more than doubled the size of its investable capital with the close of its latest $50 million fund. The Santiago, Chile-based venture firm founded in 2013 had secured $21 million that made up the outfit’s second fund, which it raised after closing its debut fund with just $2.5 million. The firm’s largest…
Lawsuit alleges Juul advertised in Seventeen Magazine, Nick Jr. as part of campaign explicitly targeting kids
A lawsuit filed by the Massachusetts attorney general includes new details about how the company intentionally marketed illegally to teens, including advertising on websites for Seventeen Magazine, Cartoon Network, Nickelodeon and Nick Jr. The suit from Attorney General Maura Healey makes good on the 2018 announcement from her office that she would investigate the company’s…
ACLU says it’ll fight DHS efforts to use app locations for deportations – TechCrunch
The American Civil Liberties Union plans to fight newly revealed practices by the Department of Homeland Security which used commercially available cell phone location data to track suspected illegal immigrants. “DHS should not be accessing our location information without a warrant, regardless whether they obtain it by paying or for free. The failure to get…
Meet 500 Startups’ 26th batch of startups – TechCrunch
Following TechCrunch’s coverage of 500 Startups’ 25th batch (and numbers 24, 23, 22, and 21, in case you wanted to go back in time), today we’re saying hello to the accelerator’s 26th cohort. 500 Startups, in case you weren’t aware, is a seed-stage accelerator and a collection of venture funds. The group, now with a…
FTC votes to review influencer marketing rules & penalties
Undisclosed influencer marketing posts on social media should trigger financial penalties, according to a statement released today by the Federal Trade Commission’s Rohit Chopra. The FTC has voted 5-0 to approve a Federal Register notice calling for public comments on questions related to whether The Endorsement Guides for advertising need to be updated. “When companies…
Google backs productivity startup building algorithmic inbox for Slacks, emails and texts
There have been plenty of stories written about the so-called “Slack-lash” and the growing unrest among workers dealing with DM interruptions that take their attention away from the task at hand. Slack is a poster child for the problem, but VCs have invested heavily in a number of collaboration tools over the past several years…