Cash App launches ‘pay later’ feature for P2P transfers

Cash App launches ‘pay later’ feature for P2P transfers

Cash App, the peer-to-peer fintech app owned by Jack Dorsey’s Block, has launched a new “pay-over-time” deferred payment feature that allows eligible users to pay for their everyday transfers over an extended period of time. Companies have increasingly offered deferred payments for relatively mundane and everyday purchases. About a year ago, DoorDash partnered with Klarna…

Commonwealth Fusion Systems leans on magnets for near-term revenue

Commonwealth Fusion Systems leans on magnets for near-term revenue

Commonwealth Fusion Systems said on Thursday it would sell high-temperature superconducting magnets to Realta Fusion, the second in a string of deals that suggests the company will lean heavily on its magnet technology in the coming years to bring in much-needed revenue. “It’s the largest deal of this kind to date for CFS,” Rick Needham,…

Tesla’s cheaper vehicles aren’t helping its declining sales

Tesla’s cheaper vehicles aren’t helping its declining sales

Tesla spent more than a year touting that “more affordable” cars were on the way, and they finally arrived last October, with stripped-down versions of the Model Y and Model 3 starting at $39,990 and $36,990, respectively. But the new vehicles are not moving the needle much for Tesla’s overall sales, first-quarter figures show. Tesla…

ICE says it bought Paragon’s spyware to use in drug trafficking cases

ICE says it bought Paragon’s spyware to use in drug trafficking cases

The acting head of U.S. Immigration and Customs Enforcement told lawmakers that it has bought and used spyware made by Paragon Solutions in drug trafficking cases, according to a letter seen by TechCrunch. ICE Acting Director Todd Lyons wrote in the letter to three congresspeople that he approved the agency’s criminal investigative unit Homeland Security…

Money transfer app Duc exposed thousands of driver’s licenses and passports to the open web

Money transfer app Duc exposed thousands of driver’s licenses and passports to the open web

A publicly accessible Amazon-hosted storage server allowed anyone with a web browser to access potentially hundreds of thousands of people’s personal data without needing a password. This included driver’s licenses, passports, and other personal information collected by the Duc App, a money-transfer service owned by Toronto-based Duales. The Canadian fintech company said it resolved the…

Flipboard’s new ‘social websites’ help publishers and creators tap into the open social web

Flipboard’s new ‘social websites’ help publishers and creators tap into the open social web

Flipboard on Thursday announced social websites, a new way for creators and publishers to build their own spaces on the web. These social websites are built around conversations already taking place across the open social web, which includes decentralized platforms like Mastodon and Bluesky, as well as other public web content. Social websites bring together…

OpenAI acquires TBPN, the buzzy founder-led business talk show

OpenAI acquires TBPN, the buzzy founder-led business talk show

OpenAI has acquired popular tech industry talk show TBPN — Technology Business Programming Network — making this the AI giant’s first acquisition of a media company. The show will report to OpenAI’s chief political operative, Chris Lehane. TBPN, hosted by former tech founders John Coogan and Jordi Hays, is a daily live show that airs…

Amazon hits sellers with ‘fuel surcharge’ as Iran war roils global energy markets

Amazon hits sellers with ‘fuel surcharge’ as Iran war roils global energy markets

The war in Iran has hammered global oil markets, with gas prices in the U.S. spiking significantly. Amid the rise in transportation costs, Amazon has instituted a new 3.5% fuel surcharge for sellers that use its distribution network. The policy has the potential to inflict significant new costs on the untold merchants that rely on…

Telehealth giant Hims & Hers says its customer support system was hacked

Telehealth giant Hims & Hers says its customer support system was hacked

Hims & Hers, the telehealth company that sells weight-loss drugs and sexual health prescriptions, has confirmed a data breach affecting its third-party customer service platform. The healthcare company said in a data breach notice filed with the California attorney general’s office on Thursday that the hackers stole data about user requests sent to the company’s…