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Shopify Reveals Generous New Scheme for App Developers

Tech.Co

Shopify has announced a new scheme for all of its App Store developers. Developers will not pay any commission on the first $1 million that they make in a given year. This scheme starts on August 1st of 2021. Harley Finkelstein (@harleyf) June 29, 2021. Richard Blair (@RichardLBlair) June 29, 2021.

Develop 159
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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

<== Our conclusion was that this isn’t a temporary blip that will swiftly trend-back up in a V-shaped recovery of valuations but rather represented a new normal on how the market will price these companies somewhat permanently. Probably not and 10x (May 2022) seems more in line with the historical trend (actually 10x is still high).

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Faraday Future Delays Quarterly Filings After Short Seller Report

socalTECH

In an inauspicious start as a public company, Los Angeles-based electric vehicle developer Faraday Future says it is delaying its filing of its quarterly reports for the quarter ended September 30th, 2021, due to allegations of "inaccurate disclosures".

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Canoo Teases Electric Pickup Truck

socalTECH

Los Angeles-based Canoo, the now public developer of electric vehicles, has rolled out plans for an electric pickup truck, which it promises to deliver as early as 2023. The company said a production version of the truck will open for preorders in Q2 of 2021. Pricing on the new pickup truck was not announced.

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What Is Claude AI and Anthropic? ChatGPT’s Rival Explained

Tech.Co

It comes courtesy of Google and Amazon-backed startup Anthropic, which was only founded in 2021. An Intro to the Chatbot 8 Questions with Claude [Test] Claude Pricing & Tokens Explained Claude 2 and ChatGPT: Key Differences Should You Use Claude AI? chatbot) developed by Anthropic. What is Anthropic AI? What is Claude AI?

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Honey Acquired By PayPal For $4 Billion

socalTECH

In one of the biggest acquisitions out of Southern California's technology startup industry in recent years, Los Angeles-based Honey Science Corporation , which develops a savings discovery and price tracking tool, has been acquired by PayPal , in a deal worth approximately $4 billion. READ MORE>>.

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Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch LA

The process for retailers and brands to liquidate excess inventory hasn’t changed very much, if at all, and while some retailers were able to build operational infrastructure to service the off-price channels, it continues to be a constant pain point. Ghost is not alone in developing technology focused on inventory.

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