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Facebook co-founder and critic Chris Hughes spearheads a $10 million ‘anti-monopoly’ fund

Hughes and his allies are putting new money toward a new “anti-monopoly” fund, hoping to harness heightened interest around big tech into a broader movement to analyze, regulate or dismantle behemoths in agriculture, healthcare and other industries where he says competition is lacking and consumers feel the pain. Facebook co-founder and critic Chris Hughes spearheads

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TikTok enters the eLearning market with its EduTok program in India

Short video creation platform TikTok has entered the eLearning market in India with the #EduTok program. Under the program, the Bytedance-owned company will launch an original educational show aimed at fitness enthusiasts, and push an educational show and push learning videos in partnership with educational institutes. The company claimed creators have made over 10 million videos

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Graphic design app Canva raises $85M led by Mary Meeker's VC firm Bond Capital at a valuation of $3.2B, five months after raising $70M at a $2.5B valuation (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg: Graphic design app Canva raises $85M led by Mary Meeker’s VC firm Bond Capital at a valuation of $3.2B, five months after raising $70M at a $2.5B valuation  —  – Sydney-based Canva plans to double workforce in coming year  — Focus on scaling up through expanded enterprise offering Graphic design app

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MyGate, a Bangalore-based startup with a security and community management app for gated communities, raises $56M Series B from Tencent, Tiger Global, others (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: MyGate, a Bangalore-based startup with a security and community management app for gated communities, raises $56M Series B from Tencent, Tiger Global, others  —  MyGate, a Bangalore-based startup that offers security management and convenience service for guard-gated premises … MyGate, a Bangalore-based startup with a security and community management app for

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IBM reports Q3 revenue of $18B, down 3.9% YoY, the fifth consecutive down quarter; Red Hat sales of $371M, included for the first time, did not stop the decline (Olivia Carville/Bloomberg)

Olivia Carville / Bloomberg: IBM reports Q3 revenue of $18B, down 3.9% YoY, the fifth consecutive down quarter; Red Hat sales of $371M, included for the first time, did not stop the decline  —  – Third-quarter revenue fell 3.9% in fifth period of decline  — Red Hat included in results for first time since 2018

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