Amazon has agreed to buy iRobot Corp., the company behind the Roomba robotic vacuum, in a deal worth $1.7 billion. Roomba will be added to Amazon’s already lengthy list of smart home… Read more ›
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Ride-hailing giants Uber and Lyft both reported promising Q2 results this week, as they took advantage of a post-Covid boom in travel. Uber posted its first ever cash-flow positive quarter. The Silicon… Read more ›
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Online brokerage Robinhood announced plans to lay off 23% of its workforce this week, amid falling revenues.  It’s been a miserable week for the company, as its second quarter earnings report revealed… Read more ›
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The US Securities and Exchange Commission (SEC) announced it has charged 11 people for their role in an alleged Ponzi scheme called Forsage, which defrauded retail investors for more than $300 million. … Read more ›
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Meta, the parent company of Facebook, WhatsApp and Instagram, posted its first yearly decline in revenue in the firm’s history this week, as advertising sales fell in the three months to July. … Read more ›
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Microsoft’s quarterly earnings fell short of expectations on Tuesday, as global uncertainty and production slowdowns hit the company hard. The company posted $51.9 billion in sales for the quarter ending June 30,… Read more ›
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Google has fired the engineer who claimed an artificial intelligence chatbot had gained consciousness. Blake Lemoine, raised ethical concerns with the company last month after he became convinced the AI chatbot he… Read more ›
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Electric car maker Tesla has ditched 75% of its holdings in Bitcoin, after the cryptocurrency fell in value by more than 50% this year. In February last year Tesla boss Elon Musk… Read more ›
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Esports company FaZe Clan has completed a SPAC merger deal worth $725 million, and began trading on the Nasdaq on Wednesday. FaZe Clan is an online media and digital entertainment company, looking… Read more ›
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The payments startup Stripe has lowered its internal valuation by 28%, according to reports, becoming the latest private company to readjust amid tech sell-offs on the public markets. Last year investors valued… Read more ›
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Elon Musk will withdraw from his $44 billion agreement to buy social media platform Twitter, the billionaire has stated, although it remains to be seen whether he may yet be forced to… Read more ›
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Amazon and Nike are contemplating takeovers of the exercise brand Peloton, according to recent reports. Peloton enjoyed soaring sales of its exercise bikes and treadmills during the pandemic as global lockdown measures… Read more ›
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Facebook CEO Mark Zuckerberg’s dream of building a metaverse — an all-encompassing online world— gathered momentum this week when the company announced its intention to hire 10,000 workers in the European Union… Read more ›
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Global investors have already closed more climate-technology related funds in 2021 than the previous five years combined, according to PitchBook data. But the latest scientific report from the U.N. has raised fears… Read more ›
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An unnamed bidder has paid $28 million for a seat on the first crewed spaceflight by Jeff Bezos’s Blue Origin. On Saturday the company hosted an online auction, inviting wealthy space enthusiasts… Read more ›
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SoftBank-backed construction startup Katerra is to shut down, after receiving more than $2 billion in funding. The company told employees it will be shutting down operations, according to a report in The… Read more ›
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Swedish fintech startup Klarna is reportedly close to securing a new round of funding that would value the company at more than $40 billion. Klarna offers a buy-now-pay-later service to retailers and… Read more ›
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The CEO of Colonial Pipeline has confirmed the company paid $4.4 million in ransom to the hackers who disabled its pipeline in May. In an interview with the Wall Street Journal, Joseph… Read more ›
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Israeli venture capital fund YL Ventures has sold its stake in compatriot cybersecurity firm Axonius – just days after the latter was valued at over a billion dollars. The stake, worth around… Read more ›
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Rouben David, of CourseForMe.com, outlines the features and benefits of Learning Management Systems, whose use has become more vital during the COVID-19 pandemic. Learning is a lifetime activity that starts from the… Read more ›
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Most popular sources
Business Insider
|
30% 5 |
Wired
|
9% 6 |
The Verge
|
7% 0 |
Android Authority
|
6% 2 |
Tech Wire Asia
|
6% 5 |
| View sources » | |
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27.11.2024 03:31
Last update: 03:26 EDT.
News rating updated: 10:20.
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