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Documents: sanctioned Russian billionaire Roman Abramovich quietly invested $63M+ in European startups via London VC firm Target Global between 2015 and 2021 (Iain Martin/Forbes)

Iain Martin / Forbes: Documents: sanctioned Russian billionaire Roman Abramovich quietly invested $63M+ in European startups via London VC firm Target Global between 2015 and 2021  —  Venture capital fund Target Global managed tens of millions of dollars for Roman Abramovich and helped the now-sanctioned oligarch build …

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How UK online clothes shoppers shifting back to physical stores post-pandemic exacerbated online retailers’ challenges, including logistics and new upstarts (Financial Times)

Financial Times: How UK online clothes shoppers shifting back to physical stores post-pandemic exacerbated online retailers’ challenges, including logistics and new upstarts  —  The pandemic turbocharged internet clothing sales, but a return to stores has left the UK’s ecommerce pioneers with serious challenges

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How RISC-V, the US-developed, open-source chip instruction set architecture, became a central tool for Chinese companies and governments, leading to US concerns (New York Times)

New York Times: How RISC-V, the US-developed, open-source chip instruction set architecture, became a central tool for Chinese companies and governments, leading to US concerns  —  A U.S.-born chip technology called RISC-V has become critical to China’s ambitions.  Washington is debating whether and how to limit the technology.

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Internal memo: Amazon Studios SVP Mike Hopkins says “several hundred roles” are being cut in its Prime Video and MGM Studios units; both had cuts in early 2023 (Alex Weprin/The Hollywood Reporter)

Alex Weprin / The Hollywood Reporter: Internal memo: Amazon Studios SVP Mike Hopkins says “several hundred roles” are being cut in its Prime Video and MGM Studios units; both had cuts in early 2023  —  Division leader Mike Hopkins said “we’ve identified opportunities to reduce or discontinue investments in certain areas” in a memo to

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Twitch is cutting one-third of its staff

Illustration by Nick Barclay / The Verge Twitch is laying off more than 500 employees, Twitch CEO Dan Clancy announced this morning, reportedly accounting for around 35 percent of its staff. Bloomberg first reported that the video game streaming platform was planning layoffs on Tuesday, and the company confirmed today that the cuts were happening.

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E-scooter rental startups Tier and Dott plan to merge, with their investors Mubadala, Sofina, and others putting in €60M, forming Europe’s largest operator (Nick Carey/Reuters)

Nick Carey / Reuters: E-scooter rental startups Tier and Dott plan to merge, with their investors Mubadala, Sofina, and others putting in €60M, forming Europe’s largest operator  —  E-scooter rental firms Tier Mobility and Dott said on Wednesday that they will merge to form the largest European operator …

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Twitch CEO Dan Clancy confirms plans to cut 500+ jobs, or 35% of its staff, and says the workforce was oversized for its current position, after March 2023 cuts (The Verge)

The Verge: Twitch CEO Dan Clancy confirms plans to cut 500+ jobs, or 35% of its staff, and says the workforce was oversized for its current position, after March 2023 cuts  —  Twitch is laying off more than 500 employees, or around 35 percent of its staff, Twitch CEO Dan Clancy announced this morning.

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Luminate’s 2023 report: the global music industry passed 4T streams in 2023, a new record and up 34% from 2022; Taylor Swift had one in every 78 US streams (Maria Sherman/Associated Press)

Maria Sherman / Associated Press: Luminate’s 2023 report: the global music industry passed 4T streams in 2023, a new record and up 34% from 2022; Taylor Swift had one in every 78 US streams  —  Listened to more music last year?  You’re not alone.  —  The global music industry surpassed 4 trillion streams in 2023

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YouTube partners with Mass General Brigham and the Mexican Red Cross to show brief, step-by-step first-aid videos atop searches about heart attacks and more (Amrita Khalid/The Verge)

Amrita Khalid / The Verge: YouTube partners with Mass General Brigham and the Mexican Red Cross to show brief, step-by-step first-aid videos atop searches about heart attacks and more  —  If you search YouTube for what to do if someone is suffering a heart attack, the platform will now display credible first-aid explainer videos …

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Legendary mixtape platform DatPiff uploads its 50TB cache of 366,420 mixtapes and free albums to the Internet Archive, after a server crash in March 2023 (Andre Gee/Rolling Stone)

Andre Gee / Rolling Stone: Legendary mixtape platform DatPiff uploads its 50TB cache of 366,420 mixtapes and free albums to the Internet Archive, after a server crash in March 2023  —  DatPiff uploaded its extensive free mixtape catalog to the Internet Archive to protect it for the foreseeable future

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