Monthly Archives: July 2022

Faulty MacBook Butterfly Keyboards Cost Apple $50 Million in Lawsuit Settlement

Apple will pay $50 million to settle a 2018 class-action lawsuit over the faulty butterfly keyboards that were used in MacBook machines between 2015 and 2019, reports Reuters. Customers in California, Florida, Illinois, Michigan, New Jersey, New York, and Washington claimed that Apple knew about the faulty butterfly mechanism and concealed it while continuing to…

Fonoa raises $60M to automate tax compliance for global companies like Uber and Zoom

Fonoa, a tax automation platform used by companies such as Uber and Zoom, has raised $60 million in a series B round of funding. Founded out of Dublin, Ireland, in 2019, Fonoa targets digital services companies that operate globally, automating many of the processes involved in managing sales tax, VAT, and goods and service tax…

Kenyan VC firm FrontEnd Ventures unveils fund to back local founders

After spending years in London, matching Kenyans in the diaspora with investment opportunities back home, and later on as a credit portfolio manager at Barclays bank, Njeri Muhia sought a greater challenge within Africa. Already aware of the growing startup ecosystem in the continent and the funding gaps that local founders face, she teamed up…

Indian lawmaker calls for investigation into edtech giant Byju’s finances

Karti Chidambaram, an Indian lawmaker, has called for an investigation into the finances of Byju’s, the country’s most valuable startup, for not submitting its statements for the financial year that ended in March 2021, which he alleged violates a local law, and other “loopholes.” Chidambaram, a Member of Parliament for Sivaganga in the Lok Sabha,…