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Temu is the most-downloaded app on the U.S. App Store in 2024
Chinese shopping app Temu was once again the most downloaded free app in the U.S., according to a list of top apps and games across the App Store released by Apple on Monday. The shopping app last year moved into the No. 1 slot, stealing the position from TikTok which held the title in in…
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Skims co-founder Jens Grede addresses those IPO rumors
Skims co-founder Jens Grede has confirmed that plans for an IPO are on the back burner—for now at least, according to a new interview with WWD. TechCrunch reported in August that investors were hoping for the retail darling, last valued at $4 billion, to go public, and the Information reported that the earliest it could…
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EU signs $11B deal for sovereign satellite constellation to rival Musk’s Starlink
The European Union is forging ahead with plans for a constellation of internet satellites to rival Elon Musk-owned Starlink, after signing a €10.6 billion ($11.1B) deal to launch nearly 300 satellites into low- and medium-Earth orbits by 2030. The bloc wants the space tech to boost its digital sovereignty by providing secure comms to governments.…