CTech's Thursday Roundup of Israeli Tech News

The no good, very bad year of Neumann, Birnbaum, and Yehudai; Israel's economy up 3.3% in 2019, report says

The no good, very bad year of Neumann, Birnbaum, and Yehudai. What goes on in the mind of a CEO who has gone from the top of the world to rock bottom? How to manage the hit to the image, why personal finances help absorb the blow, and how does one make a comeback. Read more

 

2019 in Numbers | Israel's economy up 3.3% in 2019, report says. Private consumption grew by 3.9%, while public expenditure rose by 4.1%, according to a Tuesday report by Israel's Central Bureau of Statistics. Read more

Tel Aviv. Photo: Shutterstock

 

Interview | An explosion, a failed satellite, and a legal probe: exiting CEO comments on Spacecom's turbulent decade. After 24 years as CEO of Israel’s only satellite company, David Pollack stepped down Wednesday, leaving behind a company he believes is on the rise. Read more

 

Israeli pop star wants a bite out of Spotify, YouTube. Omer Adam is one of Israel’s most successful musicians, currently topping Spotify Israel’s best-played list. Read more

 

Veteran VCs vanished because they got in the way of entrepreneurs, says fiverr CEO. Micha Kaufman spoke Monday at a conference on trends and forecasts in Israeli venture capital. Read more

 

Fintech company Nayax raises $60 million. The Tel Aviv-based company develops cashless payment, management, and business intelligence products. Read more

 

Israel wanted to pay supermarkets to use more packaging; they declined. In August, the government announced it would award $2.6 million to a supermarket chain that commits to selling its produce pre-packaged in plastic. The plan, touted as a way to reduce food waste, was shelved after no supermarket had applied. Read more