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MoneyFellows raises $13M to take its group savings model outside Egypt

MoneyFellows raises $13M to take its group savings model outside Egypt

​While most African digital lenders depend on working capital to fuel growth, MoneyFellows has quietly done what few others have: lend billions of Egyptian pounds with almost no debt or balance sheet exposure. Now, after raising $13 million in a pre-Series C round led by Casablanca-based Al Mada Ventures and DPI’s Nclude Fund, the Cairo-based […]  

Is Duolingo the face of an AI jobs crisis?

​Duolingo announced plans this week to replace contractors with AI and become an “AI-first” company — a move that journalist Brian Merchant pointed to as a sign that the AI jobs crisis “is here, now.” In fact, Merchant spoke to a former Duolingo contractor who said this isn’t even a new policy. The company cut […]  

Is Duolingo the face of an AI jobs crisis?

Is Duolingo the face of an AI jobs crisis?

​Duolingo announced plans this week to replace contractors with AI and become an “AI-first” company — a move that journalist Brian Merchant pointed to as a sign that the AI jobs crisis “is here, now.” In fact, Merchant spoke to a former Duolingo contractor who said this isn’t even a new policy. The company cut […]  

Trump says he’s willing to delay TikTok ban again

Trump says he’s willing to delay TikTok ban again

​President Donald Trump has already delayed a TikTok ban twice, and he said Sunday that he’s willing to do it again. Axios reports that during an interview with NBC’s “Meet the Press,” Trump said that if a deal isn’t made to sell TikTok’s U.S. operations to American owners before the current June 19 deadline, he […]  

Backstage access: Spotify’s dev tools side-hustle is growing legs

​Spotify generates the vast bulk of its income from ads and subscriptions, but for the past few years the music-streaming giant has also been quietly building out a developer tooling business. Backstage, a project it open-sourced in 2020, has been adopted by more than 2 million developers across 3,400 organizations, including Airbnb, LinkedIn, Twilio, and […]  

Temu stops shipping products from China to the U.S.

Temu stops shipping products from China to the U.S.

​Chinese retailer Temu has shifted strategy in the face of U.S. tariffs. Through executive order, President Donald Trump has ended the so-called de minimis rule, which allowed goods worth $800 or less to enter the country without tariffs. He’s also increasing tariffs on Chinese goods by more than 100%, forcing both Chinese companies like Shein […]  

Warren Buffett will step down as Berkshire Hathaway CEO

​Legendary investor Warren Buffett announced today that he will ask the Berkshire Hathaway board to have Greg Abel replace him as CEO at the end of 2025. “I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said at the end of the company’s […]  

Week in Review: Apple won’t raise prices — yet

​Welcome back to Week in Review! We’ve got lots of news for you today: Amazon earnings, Apple earnings, ChatGPT sycophancy, Alibaba’s AI models, and much more. Let’s get to it! Well? During Apple’s earnings call yesterday, Tim Cook revealed that the company paid $900 million in tariffs last quarter. But despite this, the CEO didn’t […]