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Report: 33% of US Small Businesses Couldn’t Pay Their Rent Last Month

Tech.Co

The rent crisis is getting worse, according to a new report that found a full third of all small and medium-sized businesses are behind on their rent for the month of May. The new data comes from small business networking site Alignable, which released its Q2 Rent Report at the start of the month. Please fill in your email.

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What to Expect From CES 2020

Tech.Co

Flesh will be pressed, complimentary bars emptied, but most importantly we'll get a first look at some of the gadgets that will dominate 2020. The small white robot with a rounded, friendly face will deliver news reports to its user, as well as read their emotional state and respond accordingly (at least, according to the press release).

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Glossier just laid off one-third of its corporate employees, mostly in tech

TechCrunch LA

Glossier, the popular beauty brand led by former blogger Emily Weiss, let go of 80 of its corporate employees today, according to an internal email obtained by Modern Retail. E-commerce sales typically account for 80% of Glossier’s revenue, the Business of Fashion reported last July. .

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LA tech industry mourns Kobe Bryant

TechCrunch LA

Reports indicate that Bryant, his 13-year-old daughter Gianna Maria-Onore Bryant, and seven other passengers were on board a helicopter traveling to Bryant’s basketball training facility Mamba Academy. billion investment vehicle that was launched in partnership with the private equity fund, Permira, according to a report in USA Today.

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Etsy Is Boosting Seller Transaction Fees By 30%

Tech.Co

Etsy revealed the change in emails to sellers as well as a report to investors yesterday. The pandemic spurred online shopping, and Etsy benefitted: In 2020, the average active seller on Etsy increased their sales by 23% over their 2019 sales number. What to Know. Running an Ecommerce Business.

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Buy Now, Pay Later Service Affirm Is Teaming Up With Stripe

Tech.Co

Please fill in your email. of US consumers reported having used this type of payment service, a percentage up from 37.65% in the summer of 2020. Please fill in your name. Please verify before subscribing. In early 2022, 55.8% Not all BNPL services are sailing to success, however. billion valuation in 2021.

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Silicon Valley Bank only started processing stimulus loan applications today

TechCrunch LA

Thousands of companies have indicated interest in the last several days,” a spokesperson wrote in an email. — Mark Suster (@msuster) April 7, 2020. As one entrepreneur wrote in an email earlier today: “Lots of startups (mine included) bank with SVB. It’s a sign of a broader failure in the market.

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