Truecaller slashes 70 jobs amid declining ad sales

by News Feed Editor | May 8, 2026 | Technology

Sweden-based caller ID company Truecaller said it will cut 70 jobs, or roughly 15% of its workforce, in the second quarter, as the company posted its Q1 2026 results with a decline in revenue and profits. Truecaller blamed real-money gaming in India, changes in...

Gusto hits $1B revenue, a figure that brings it closer to public markets

by News Feed Editor | May 7, 2026 | Technology

While AI disruption looms over many legacy SaaS companies, several HR tech startups seem to be thriving. One of these companies is small-business payroll provider Gusto. The 14-year-old company, last valued at over $9 billion, just announced that it surpassed $1...

Police arrest SMS blaster crew that sent malicious messages to thousands across Toronto

by News Feed Editor | May 7, 2026 | Technology

Police have arrested and brought 44 charges against three men for allegedly operating an SMS blaster in downtown Toronto. The scheme, which began in November 2025, is the “first known instance” of an SMS blaster operating in Canada, according to the police report. In...

Africa sees winners and losers as Iran war pushes up oil prices

by News Feed Editor | May 7, 2026 | World

Eric Wainaina, a motorcycle taxi driver in Nairobi, Kenya, was already bracing for a loss in income when the rainy season hit in March, but the war on Iran, which erupted on 28 February, has also taken its toll.Kenya is the latest in a series of African nations to...

Nvidia and PulteGroup are helping this startup put mini data centers on homes

by News Feed Editor | May 5, 2026 | Business

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices,...