Human Impact Capital is a new $50M fund investing in social impact startups

Redstone and EnjoyVenture have combined forces to create Human Impact Capital (HIC), Germany’s first dedicated scial impact VC fund. The fund will deploy cash into digital business models focusing on health, education and “living,” and explicitly invests to have an impact along sustainable development goals. To HIC, this means “No Poverty, Good Health and Wellbeing,…

Samsung names Jay Y Lee executive chairman amid global economic downturn

Samsung Electronics has appointed Jay Y. Lee as the executive chairman to lead the world’s largest smartphone and memory chipmaker, two months after the heir received a presidential pardon that erased the 54-year-old’s criminal record.  Last year, Lee was paroled from prison after serving 18 months in jail for bribing former South Korean president Park…

Sony’s most comfortable wireless earbuds can now help to save the planet too

Sony has unveiled a new Earth Blue color option for its most comfortable pair of wireless earbuds, the LinkBuds S. The finish is a beautiful blue marbled effect, which has been created using a material produced from recycled water dispensers, helping to further boost the LinkBuds S eco-friendly credentials. The company has also pledged that…

Facebook’s identity crisis is costing Zuckerberg billions, and he’s ok with it

Meta CEO Mark Zuckerberg said the company is committed to the metaverse. Facebook/Meta Meta expects “significantly” higher losses for the Reality Labs unit handling the development of the metaverse. CEO Mark Zuckerberg said on Wednesday that investors who are patient will “end up being rewarded.”  Meta’s share price slumped nearly 20% to $104.30 in after-hours…