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Red Herring Staff @ Red Herring 1 place · 09/27/2022 08:18 EDT

Interpol Issues Arrest Notice for Crypto Founder 

Interpol has issued a “red notice” for Do Kwon, the founder of the failed cryptocurrency Terra.  The red notice means Interpol has asked law enforcement agencies around the world to find and… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 09/23/2022 08:54 EDT

Tesla Told to Recall 1.1 Million Cars Over Windows 

Tesla has been forced to recall nearly 1.1 million cars in the United States, because the windows may close too fast and catch people’s fingers.  Regulators in America said the windows may… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 09/22/2022 06:22 EDT

Meta Reportedly Looking to Cut Costs by 10% 

Meta, the parent company of Facebook, is looking to cut costs by 10% or more over the coming months, according to a report by the Wall Street Journal.  As part of those… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 09/20/2022 05:23 EDT

YouTube’s ‘Not Interested’ Button Barely Works – Report 

YouTube’s “not interested” and “dislike” buttons barely work, according to a new study by Mozilla.  When users tell the video platform they don’t want to watch certain videos using the buttons, they… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 09/15/2022 11:32 EDT

Adobe Announces $20bn Deal to Buy Figma

Adobe has announced it will acquire the design platform Figma in a deal worth around $20 billion in cash and stock.  Figma, which creates cloud-based design software that enables collaboration in real… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 09/13/2022 08:27 EDT

Cruise to Launch Robotaxi Service in Phoenix and Austin 

Autonomous vehicle company Cruise, which is owned by General Motors, is to launch a robotaxi service in Phoenix, Arizona and Austin, Texas before the end of the year, the company has announced. … Read more

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Red Herring
Sean Lee @ Red Herring 1 place · 09/12/2022 07:49 EDT

Nikola Founder Faces Trial Over Alleged Fraud 

The trial of Trevor Milton, the founder of electric truckmaker Nikola Motor accused of fraud and securities fraud, has begun. Prosecutors allege Milton exaggerated the company’s technology which led to huge losses… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 09/08/2022 07:58 EDT

Cinema Giant Cineworld Files for Bankruptcy Protection 

The second largest cinema chain in the world, the U.K.’s Cineworld, has filed for bankruptcy protection in the United States.  The group runs 751 movie theaters in the world, including more than… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 09/06/2022 07:39 EDT

Porsche to Go Ahead with IPO 

The iconic automaker Porsche is to go public in the next few weeks, despite turbulent economic conditions putting off other major deals.  Volkswagen first contemplated spinning off Porsche in February, just before… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 09/02/2022 03:41 EDT

Twitter Finally Adds Edit Button 

For many years users of the social media platform Twitter have asked for one thing, an edit button. Finally, the company is giving in to the pressure, and will trial the new… Read more

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Red Herring
Red Herring Staff @ Red Herring 2 place · 09/01/2022 07:52 EDT

Snap cuts 20% of Workforce in Restructuring Effort 

Snap, the maker of the messaging app Snapchat, will cut a fifth of its workforce and scrap a host of new projects, as the company looks to recover from a year of… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 08/30/2022 11:28 EDT

Musk Subpoenas Twitter Whistleblower in Latest Bid to Nullify Takeover Deal 

Elon Musk has subpoenaed the Twitter whistleblower who last week accused the company of poor security practices, as he continues to fight to withdraw from his $$44 billion agreement to buy the… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 08/26/2022 08:11 EDT

California to Ban Gas-Powered Vehicle Sales by 2035 

California moved a step closer to banning the sale of gasoline-only vehicles by the year 2035, in a landmark move in the state’s attempt to take on climate change.  Gavin Newsom, the… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 08/24/2022 07:23 EDT

Zoom Shares Drop Amid Murky Outlook 

Shares of video communications company Zoom fell 16% on Tuesday after the company missed revenue estimates for the second quarter.  Zoom reported $1.10 billion in revenue for the three months ending June,… Read more

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Red Herring
Red Herring Staff @ Red Herring 2 place · 08/23/2022 10:38 EDT

Twitter’s Ex-Security Chief Alleges Cybersecurity Mismanagement

The former head of security at Twitter has accused the company of “egregious deficiencies, negligence, willful ignorance, and threats to national security and democracy,” according to a whistleblower complaint filed with the… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 08/19/2022 08:11 EDT

Streaming Overtakes Cable TV For First Time in United States 

TV viewers in the United States are watching streaming services like Netflix and Disney + more than cable TV, according to a report by market measurement firm Nielsen—the first time streaming has… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 08/17/2022 08:34 EDT

American Airlines to Buy 20 Boom Supersonic Jets 

Boom Supersonic, the aircraft maker seeking to bring back supersonic commercial flights, has sold 20 jets to American Airlines.  Boom’s Overture four-engine jet promises speeds of up to Mach 1.7 over water… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 08/16/2022 06:02 EDT

Adam Neumann Secures $350m for Residential Real Estate Venture 

Andreessen Horowitz has confirmed its largest individual investment ever, writing a check of $350 million to Flow, the residential real estate company led by Adam Neumann, the controversial founder of WeWork.  Neumann’s… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 08/12/2022 09:42 EDT

Rivian Announces Production Ramp Up, $1.7 billion loss 

Rivian, the electric vehicle manufacturer which went public in the biggest IPO of last year, has reaffirmed its expectation to deliver 25,000 vehicles this year, as it posted a giant loss in… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 08/10/2022 08:29 EDT

Coinbase Posts $1.1 billion Loss 

It’s no secret that 2022 has been a tough year for cryptocurrencies, and companies operating in the sector have struggled to cope with the crash of the crypto market. Coinbase, the crypto… Read more

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27.11.2024 03:35
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