turkey - CybAI news

15 Aug

Turkish Fintech Colendi Raises Funds at $700 Million Valuation

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Turkey’s fintech startup Colendi raised $65 million in fresh funding from a group of investors including Citicorp North America Inc. at a valuation of $700 million.Apart from Citicorp, Migros Ticaret AS, Sepil Ventures, Re-Pie Asset Management, Finberg and Hedef Holding participated in the Series B round, according to Bulent Tekmen, co-founder and chief executive office of Colendi, formally known as Colendi Yapay Zeka ve Buyuk Veri Teknoloji Hizmetleri AS. Existing investors also took part in the round, he said. Source link lol

13 Aug

Turkish Satellite Firm Eyes $400 Million Valuation in Funding Debut

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Plan-S, the satellite and space technology unit of Turkey’s Kontrolmatik Enerji Ve Muhendislik AS, is launching an equity funding round that would value the company at $400 million.The single-asset fund, offered by the investment arm of state-run Ziraat Bank, aims to raise as much as $40 million from institutional and individual investors in Turkey and abroad for Ankara-based Plan-S, Kontrolmatik Chairman Sami Aslanhan told Bloomberg in Istanbul on Monday. Source link lol

10 Aug

Turkey to Lift Instagram Ban on Pledge to Work ‘Jointly’

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Turkey will lift its ban on Instagram, saying the social media site has promised to meet government demands on censorship and content.Turkey’s internet regulator halted Instagram access on Aug. 2 without explaining why. It came after a senior aide to President Recep Tayyip Erdogan criticized the platform for what he described as “censorship” of posts related to the death of Ismail Haniyeh, political chief of the Palestinian militant group Hamas. Source link lol

10 Aug

Nike Suspends Online Sales In Turkey After Customs Tax Increase

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Nike Inc. suspended online sales in Turkey via its website and mobile app, days after an increase in customs taxes levied by Turkey on online purchases from abroad. “We cannot guarantee our consumers that their orders will arrive smoothly and on time, so we are suspending online orders from Turkey for the time being,” the US sneaker giant said in a statement published on its official Turkish website. Source link lol

09 Aug

Turkey’s Instagram Ban Hits Women Entrepreneurs as Orders Dry Up

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Turkey’s decision to block access to Instagram has hit female entrepreneurs who rely on the popular social media application to sell everything from cookies to bed sheets.“We’ve been using Instagram to showcase our products and reach out to a wider client base,” said Ezgi Akincilar, founder of online retailer Antalya’dan Iste, which sells food products from honey and jam to canned artichokes. Source link lol

08 Aug

Social Media Platforms Show Little Interest in Stopping Spread of Misinformation

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Social media platforms gave up on content moderation a long time ago. But first… Source link lol

08 Aug

Turkey Blocks Roblox Over Child Abuse Risk, Minister Says

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Turkey blocked access to kids gaming platform Roblox due to content that a top official said could lead to child abuse.The legal ruling was based on a law that regulates broadcasting over the internet, Justice Minister Yilmaz Tunc said in a statement on X. Source link lol

03 Aug

Turkey has blocked Instagram amid a dispute over Hamas-related content

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Instagram is blocked in Turkey amid a dispute over Hamas-related content on the platform. The app has been inaccessible in the country since Friday morning. Netblocks, an organization that tracks internet and social media outages, that Instagram had been restricted in the country.Turkish regulators didn’t specify why the block was in place but, as Bloomberg , the crackdown on Instagram appears to be related to its handling of Hamas-related posts on the platform. On Friday, Turkey’s head of communications Fahrettin Altun, said in on X that Instagram “is actively preventing people from posting messages of condolences” for Ismail Haniyeh, the…