Google’s Alphabet is getting out of the domain registrar business almost a decade after the search giant makes its foray into the space. In a surprising announcement today, Alphabet announced today that it is shutting down its Google Domains business, […]
The disgraced Theranos founder turned convicted fraudster Elizabeth Holmes is set to report to prison today to begin her 11-year sentence. Holmes, now 39, will say goodbye to her freedom and her luxurious estate, which costs $13,000 a month, as […]
Disgraced founder and former Theranos CEO Elizabeth Holmes is finally heading to prison after her unsuccessful attempt to avoid incarceration. The U.S. District Judge ruled that must report to prison on May 30. Holmes was convicted of running a years-long […]
First, it was BuzzFeed News, now Vice is reportedly preparing to file its own bankruptcy. The New York Times reported late yesterday that Vice Media Group, the parent company of media websites Vice and Motherboard, is on the verge of […]
Good evening! Below are some of the top tech startup news stories for Wednesday, April 26, 2023. General Motors to stop making its best-selling electric vehicle Chevy Bolt Just like that, General Motors’ most popular electric car is on […]
“I am writing to announce some difficult news. We are reducing our workforce by approximately 15% today across our Business, Content, Tech and Admin teams, and beginning the process of closing BuzzFeed News. Additionally, we are proposing headcount reductions in […]
Bittrex crypto exchange is the latest casualty of the ongoing chaos in the crypto industry. Today, Bittrex announced its shutting down its US-based crypto exchange due to “regulatory uncertainty.” The company said on Friday that it would wind down its […]
It’s day 22 and the story of the FTX scandal is gaining more steam. On November 11, the embattled crypto exchange FTX filed for Chapter 11 bankruptcy protection. Immediately after the news, FTX founder Sam Bankman-Fried (also known as SBF) resigned as […]
On November 11, the embattled crypto exchange FTX filed for Chapter 11 bankruptcy protection. Immediately after the news, the disgraced FTX founder Sam Bankman-Fried (also known as SBF) resigned as the CEO of the crypto exchange FTX Group and John […]
Last Friday, Alphabet’s Google shut down its streaming service Stadia 3 years after its launch for failure to gain traction from gamers. Although the tech giant has maintained its global dominance in the search engine space, Google continues to struggle […]
In the weeks leading up to Celsius Network’s Chapter 11 bankruptcy protection filing, Celsius founder and former CEO Alex Mashinsky withdrew $10 million, according to a report from The Financial Times (FT), citing sources familiar with the matter. The revelation comes just […]
Last week, Voyager Digital filed for bankruptcy just a year after the crypto-asset broker startup raised $100 million in funding. Now, the ongoing global downturn has claimed another casualty. Today, Airlift, Pakistan’s second-largest startup, has shut down its operations in the […]
Electric Last Mile Solutions (ELMS), an EV-truck tech startup focused on defining a new era by transforming commercial fleets to drive e-mobility, has filed for Chapter 7 bankruptcy. In an announcement on Sunday, ELMS said it’s planning to liquidate the […]
Is it possible to lose $16 million a day for one straight month? Yes, if you’re CNN. Warner Bros. Discovery, the parent company of CNN, announced yesterday it is shutting down CNN+ on April 30, just a month after the streaming-only service […]
Every day, tech startups from around the world pitch their new ideas to VCs and other potential investors with the hope of raising millions in funding in exchange for a certain percentage of equity in their companies. Some of these ideas range […]
In 2012, Tilt CEO James Beshara was named one of the 15 sharpest up-and-coming CEOs in Silicon Valley. Tilt (formerly Crowdtilt) was a crowdfunding company that allowed for groups and communities to collect, fundraise, or pool money online. The company was […]
For over three years now, we’ve been tracking tech startups that went out of business and shut down their operations. For some reason, Takl slipped under our radar. Takl was a Nashville, Tennessee-based startup that provided an app that connected self-employed […]
Theranos was a privately-held health technology startup company that is now arguably the largest biomedical fraud in U.S. history. The Silicon Valley-based startup was founded in 2003. Initially, Theranos was touted as a breakthrough technology company, with claims of having devised […]
About 5 hours ago we wrote about a report that Microsoft is in talks to buy China’s TikTok U.S. operations. Now, it seems ByteDance-owned TikTok has no option left but to sell U.S investor. According to a report from AP […]
What a shame that a tech startup company named Trustify would be fraudulent. Today, the United States Department of Justice announced that CEO and founder of Trustify, a tech startup company founded in 2015 and based in Arlington, Virginia, has been charged […]
