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Penpot inks $8M, as signups for its open source spin on Figma jump 5600% after Adobe’s $20B acquisition move

Adobe’s intention to acquire Figma for $20 billion, announced earlier mid-September, sent shockwaves through the design industry, and not all of them positive. On a business level, it’s a no-brainer that Adobe has snapped up a rival whose design collaboration… Continue Reading →

Twitter discloses it wasn’t logging users out of accounts after password resets

Weeks after Twitter’s ex-security chief accused the company of cybersecurity mismanagement, Twitter has now informed its users of a bug that didn’t close all of a user’s active logged-in sessions on Android and iOS after an account’s password was reset…. Continue Reading →

Bookending the blitz, Chamath Palihapitiya begins unwinding two SPACs

Nearly three years ago, a special purpose acquisition vehicle (SPAC) spearheaded by investor Chamath Palihapitiya took the space tourism company Virgin Galactic public. It was the first human spaceflight company to trade on the NYSE — or any exchange, for… Continue Reading →

Microsoft rolls out Windows 11 update with File Explorer tabs, system-wide captions and more

Microsoft today announced that the next major version of Windows 11, the aptly-named Windows 11 2022 Update, has begun rolling out to the more than 190 countries where Windows is available. The highlights include updates to the Start menu and… Continue Reading →

Slack adds persistent information layer to channels called Canvas

Slack has succeeded in large part in the enterprise by allowing people to communicate in a number of ways while integrating with many common enterprise applications. This lets you stay in Slack to get your work done without dreaded task… Continue Reading →

How about that $20B Figma-Adobe deal?

Bloomberg reported this morning that Adobe was getting close to buying Figma, a former startup and private-market unicorn in the design space, for around $20 billion. The Photoshop-maker then confirmed the deal with a release and a short investor presentation…. Continue Reading →

Maven’s a16z-backed live learning platform pivots from creators to experts

Maven, co-founded by Udemy’s Gagan Biyani and AltMBA’s Wes Kao, began in 2020 with a startup idea that perfectly combined two booming sectors: the creator economy and edtech. The startup sold cohort-based classes, led by creators and influencers, to students…. Continue Reading →

Online university Nexford will use $8M to plug affordability and relevance gaps in education

U.S.-based online university platform Nexford University has raised $8 million in a Series A round co-led by New Markets Venture Partners and Learn Capital, two prominent edtech venture capital firms in the U.S. that have invested in Pathstream, Udemy and… Continue Reading →

DocuSign announces end-to-end contract lifecycle integration inside Slack

One of Slack’s main strengths has always been the ability to complete a set of tasks without having to move between multiple applications. DocuSign introduced electronic signature integration inside Slack at the height of the pandemic in 2020. Today, the company… Continue Reading →

Heroku announces plans to eliminate free plans, blaming ‘fraud and abuse’

After offering them for over a decade, Heroku today announced that it will eliminate all of its free services — pushing users to paid plans. Starting November 28, the Salesforce-owned cloud platform as a service will stop providing free product… Continue Reading →

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