Shift Technology is raising a Series B round of $28 million from Accel and General Catalyst. Accel had already led the company’s previous round. Existing investors Elaia Partners and Iris Capital are also participating in today’s round. Read More

Read more..

 Amazon Wine is shutting down at the end of this year, the retailer has just alerted sellers via email. The issue at hand has to do with the existing laws surrounding alcohol sales, which Amazon has unsuccessfully tried to change by working with regulators. The existing laws make it difficult for Amazon to sell alcohol as a retailer and operate a marketplace. Read More

Read more..

 European fintech startup N26 has plans to expand beyond Europe. The company’s co-founder and CEO Valentin Stalf is announcing today at the Money20/20 conference that N26 is going to launch in the U.S. around mid-2018 and has hired a handful of people who are already working in New York. Read More

Read more..

 Facebook, Google and Twitter are under great scrutiny lately for their rather inconsistent approaches to moderating content on their platforms, and Representative Frank Pallone (D-NJ) is the latest to take them to task. Calling the results of the various undocumented policies “absurd,” he summoned the companies’ CEOs for a talk on the topic. Read More

Read more..

 In an update to Snapchat’s iOS app today, Snap began rolling out two important new features. You now can share links from other apps via the iOS share sheet, and rather than just turning live location sharing on or off permanently, you now can opt to hide in “Ghost Mode.” Read More

Read more..