$960M: Aussie startup raises at big valuation thanks to 'bubble' | Peloton cutting jobs as it struggles | EU fighting the good fight against Big Tech

What the Flux

Dovetail, the Aussie customer research start-up, has raised $89 million at a $960 million valuation, as its founders acknowledge a “bubble-like” time for raising capital.

Fitness company Peloton plans to cut jobs and production levels, as sales slow down significantly.

The EU has passed legislation that could transform how Big Tech operates, requiring them to police content more aggressively and introduce restrictions on ads.

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