Quick Take • 1 in 10 laid-off workers plan to start their own business instead of returning to the workforce as an employee • 50% say they will fund their new company with a small business loan • Instead of […]
In the past two years, China began to crack down on tech companies, wiping billions of dollars of value from its most prominent companies including Alibaba. Then in May, the Chinese government showed signs of easing its crackdown on the country’s tech […]
Remember WeWork, the embattled co-working giant that lost billions of investors’ money after raising a staggering $12.8 billion in funding over 14 rounds? In 2019, WeWork fired its CEO Adam Neumann, canceled its IPO, and laid off a quarter of its 12,500 employees. But […]
Global spending on workplace learning and development, also known as human capital development and upskilling is estimated to be around $360 billion, according to data from Statista. One of the major challenges facing most organizations today is connecting employees to […]
While almost all cryptocurrencies and tokens struggling to climb back to their all-time highs due to the crypto bear market, one token has managed to defy all odds and rallied more than 200% at its peak in less than 24 […]
Smart contracts have emerged as one of the most fundamental technologies in decentralized networks, forming the basis of today’s growing blockchain industry. It’s smart contracts that allow DeFi applications to process transactions, and NFTs and the metaverse to function in […]
With the rise of challenger banks and neobanks, community financial institutions in the United States continue to face existential threats from fintech companies, national banks, and accounting package vendors that are offering a competitive suite of payment solutions to SMBs. Now, […]
According to The Journal, With millions of consumers cutting the cord on cable and satellite TV, YouTube thinks it’s time to jump into the already crowded streaming market to capture a piece of the market. The Wall Street Journal reported on […]
In July, Faraday Future delayed the launch of its flagship electric SUV FF91 after warning that it was short on cash. The Los Angeles-based electric vehicle startup, which went public in a July 2021 merger with a blank-check company, was hoping to raise $325 […]
Dutch authorities announced on Friday they had arrested a 29-year-old man believed to be a developer for the cryptocurrency mixer Tornado Cash. The announcement comes just a few days after the US Treasury put the notorious crypto startup on its sanctions list. […]
In May, Texas Attorney General Ken Paxton filed a lawsuit against Alphabet’s Google claiming the Google search engine still collects data on users who think they can be anonymous if they use a “private browsing” mode. The lawsuit came about eight months […]
Just two days after the launch of its ANKR token staking to allow Web3 users to earn rewards, Web3 infrastructure provider Ankr announced today it has received a strategic investment from Binance Labs to further improve the scalability of blockchain networks. The […]
Data breaches in the US hit a record high in 2021 affecting nearly 300 million victims. The cost of a data breach continues to skyrocket. According to a recent IBM study conducted by the Ponemon Institute, data breaches cost American companies on average […]
We covered KuCoin three months ago when the crypto exchange hit the unicorn after raising $150 million in Series B funding to expand its presence in Web3, a decentralized version of the Internet that is based on blockchain technology. Since then, […]
The ongoing global economic downturn spreading to the food delivery market. With rising inflation and the disappearance of Covid restrictions of the last two years, fewer people now order food online but instead, buy groceries directly from the local stores. One […]
Just three days after the Office of Foreign Assets Control (OFAC) sanctioned crypto tumbler Tornado Cash, blockchain analytics firm Elliptic is now out with a new report about how blockchain bridges may become the potential future target for sanctions if the US […]
While some may disagree about the true cause of climate change, everyone agrees that global warming is bad because of its disastrous ecological consequences and potentially lead to a dramatic transformation of our planet as we know it. But there are also some […]
TikTok parent-company ByteDance’s healthcare unit in China, Xiaohe Health, has acquired a high-end private hospital chain called Amcare Healthcare in a deal worth $1.5 billion, according to a report from Bloomberg. A spokesperson for Xiaohe Health also confirmed the acquisition. The announcement is […]
Late last month, Facebook-parent Meta Platforms reported a loss of $2.81 billion on $452 million in revenue from its VR division Reality Lab. That’s not all. The social giant has lost at least $0.5 trillion in market capitalization since it rebranded over a year […]
Remember back in April when Tesla CEO Elon Musk said “no further TSLA sales planned?” New filings with the Securities and Exchange Commission (SEC) now showed that Musk sold 7.92 million Tesla shares worth $6.88 billion. The transactions happened earlier […]
