Connect with us

Crunchbase

The Briefing: States Said To Prep Facebook Antitrust Suit, Ultimate.ai Raises $20M, And More

Crunchbase News’ top picks of the news to stay current in the VC and startup world….

Published

on

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Subscribe to the Crunchbase DailyStates said to prep antitrust suit against Facebook

A group of U.S. states led by New York is investigating Facebook for possible antitrust violations and plans to file a lawsuit against the company next week, according to a Reuters report citing unnamed sources.

More than 40 state attorneys general plan to sign on to the suit, according to one source, who did not specify them. The U.S. Federal Trade Commission may also file a complaint.

If a suit does get filed, it would be the second major antitrust action against a tech giant in recent months, following the U.S. Justice Department’s lawsuit charging Google with monopolist practices in the search and search-based advertising spaces.

Funding rounds

  • Everlywell closes $175M for virtual care offerings: Everlywell, an Austin-based digital health company, secured $175 million in an oversubscribed Series D round to expand its consumer testing and virtual care offerings. The round included new investors such as BlackRock.
  • Ultimate.ai lands $20M for customer service: Ultimate.ai, a virtual customer service agent builder, has closed a $20 million Series A round of funding led by Omers Ventures.

M&A

  • FedEx to acquire ShopRunner: FedEx announced that it has agreed to acquire ShopRunner, an e-commerce platform that connects online shoppers with their favorite merchants and brands. Founded in 2010, Chicago-based ShopRunner previously raised $115 million in venture funding.

Illustration: Dom Guzman

If a suit does get filed, it would be the second major antitrust action against a tech giant in recent months, following the U.S. Justice Department’s lawsuit charging Google with monopolist practices in the search and search-based advertising spaces.

Source: https://news.crunchbase.com/news/briefing-12-3-20/

the-briefing:-states-said-to-prep-facebook-antitrust-suit,-ultimate.ai-raises-$20m,-and-more

Title

Entrepreneur3 hours ago

Penny Stocks To Buy For Under $1 On Robinhood

Are Penny Stocks Under $1 on Robinhood Worth It?

Crunchbase16 hours ago

C2i Genomics Secures $100M Note To Detect Tiny Traces of Cancer

C2i’s cancer diagnostics service uses AI pattern recognition and whole-genome analysis to spot trace amounts of cancer much quicker.

Blockchain news19 hours ago

Ethereum’s Upside Appears Limitless as ETH Breaches $2,400 For the First Time Ever

On-chain metrics provider Santiment has delved deeper into Ethereum’s uptrend and noted that its rally to $3k and beyond looks...

CNBC1 day ago

JPMorgan Chase beats profit estimates on strong trading, $5.2 billion release of loan-loss reserves

JPMorgan posted first-quarter profit of $4.50 a share, much higher than the $3.10 per share expected by analysts surveyed by...

CNBC2 days ago

Coinbase drops below debut price

Coinbase held its direct listing on the Nasdaq on Wednesday, luring public market investors who've been waiting to get into...

Ventureburn2 days ago

Joburg healthtech startup secures undisclosed seven-figure funding –

Quro Medical has secured an undisclosed seven-figure USD amount of funding in a seed round led by Enza Capital and...

ZDNET2 days ago

Is there a market for an Apple TV/HomePod Frankenstein?

Rumors are circulating that Apple is planning to take two devices that aren't selling all that well, and smash them...

Reuters2 days ago

Biden set to withdraw U.S. troops from Afghanistan by Sept. 11

President Joe Biden plans to withdraw the remaining 2,500 U.S. troops from Afghanistan by Sept. 11, 2021, 20 years to...

Business insider2 days ago

Annual Report and Sustainability Report 2021: New Wave Group AB

KUNGÄLV, Sweden, April 14, 2021 /PRNewswire/ -- New Wave Group AB today published the Annual Report and Sustainability Report for...

CNBC3 days ago

States rush to replace J&J vaccine appointments after FDA recommends pause

The FDA and CDC recommended a pause in the use of J&J's vaccine after six women developed a rare blood...

Review

    Select language

    Trending