Twitter employees may be in for really bad news and the biggest shock in the coming months. Tesla CEO Elon Musk is reportedly planning to lay off nearly 75 percent of Twitter’s 7,500 workers, according to a report from the Washington Post, […]
The concept of the flying car is nothing new. For decades, Hollywood and science fiction writers have been toying with the idea of adding wings to wheeled motor vehicles decades. As appealing as it may sound, attempts to develop economically-viable flying […]
The global customer loyalty management market is currently valued at more than $5.57 billion and it is projected to surpass $24 billion by the end of 2028. One of the biggest players is Honey, a shopping and rewards startup PayPal acquired […]
Fortunes, they say, are made during recessions. This is probably the case for Europe’s $9 billion digital bank N26. Just last week we wrote about the German challenger bank N26 after its reported losses climbed 14% to €172.4 million. But the […]
Late last year, retail giant Amazon was fined a record $1.3 billion by Italy’s antitrust watchdog for its abuse of market dominance, as EU antitrust regulators rein in a handful of US big tech companies abusing their monopolies. The fine […]
SnapCommerce, an e-commerce platform that personalizes the mobile shopping experience for users, has rebranded to Super as the six-year-old Silicon Valley startup expands its offering to include fintech. SnapCommerce also renamed its additional offerings in alignment with the new core brand, living […]
In June 2021, SpaceX revealed the company was developing a product specifically for aviation. Elon Musk’s space company also said that it was in discussions with multiple airlines to offer in-flight WiFi. Then in September, Jonathan Hofeller, vice president of commercial sales, disclosed at […]
Every year, businesses and organizations around the world spend enormous amounts of money on cybersecurity and data protection, but still lose billions of dollars to data breaches. A recent IBM study conducted by the Ponemon Institute found that data breaches cost […]
Facebook parent company Meta finally admits defeat after many months of antitrust battle that led Britain’s competition regulator to block the $400 Giphy deal. The UK Competition and Markets Authority (CMA) issued its final verdict on Tuesday ordering Meta to sell its animated […]
Namkoong Whon has stepped down from his position as a Co-CEO of South Korea’s largest mobile chat app Kakao. His resignation comes after a fire at a data center led to a mass outage over the weekend that left 53 million of its messenger users […]
Do Kwon, the founder of Terra and creator of the failed Terra blockchain project, has been hiding from the public eye since May after a dramatic $60 billion LUNA cryptocurrency crypto collapse. In early October, South Korean prosecutors froze $39.6 million in crypto […]
After a great year for tech, the industry now faces a new crisis as layoffs and hiring freezes hit the sector. As of the middle of October, more than 44,000 US tech workers have already lost their jobs, with more almost certainly […]
Vodafone has joined forces with the French telco giant Altice to launch FibreCo, a joint venture that will deploy a broadband network to seven million homes in Germany. As part of the agreement, the new startup company FibreCo aims to […]
TikTok rival Triller becomes the latest company to join the metaverse bandwagon with the launch Monday of Metaverz, a new metaverse that provides virtual spaces where users can gather to watch live music and sporting events. In an exclusive report […]
Billionaire rapper and fashion designer Kanye West has agreed to buy the Twitter alternative and the free-speech social media platform, Parler. The total amount of the deal was not disclosed. On Monday, Parlement Technologies, the company behind Parler, said it […]
Australia’s Woolworths Group announced Friday that the data of 2.2 million customers of a website it owns has been exposed. The company said its majority-owned online retailer owned, MyDeal, “identified that a compromised user credential was used to gain unauthorized access to […]
Uniswap Labs, one of the largest decentralized exchanges by volume, has raised $165 million in a new funding round to broaden its offerings and expand into NFTs and Web3. The news confirms a last month’s report that the company was seeking to raise […]
In June 2021, the Latin American nation of El Salvador made history to become the first country in the world to adopt bitcoin as a legal tender after Congress approved President Nayib Bukele’s proposal to embrace the world’s most popular […]
NYDIG, a bitcoin company that offers Bitcoin services to institutions and banks like JP Morgan, has laid off some of its employees. NYDIG laid off about a third of its total workforce last month to cut costs, The Wall Street Journal reported […]
Twitter said Thursday that Tesla CEO Elon Musk is under investigation by federal authorities for “his conduct in connection with the acquisition” of the social media group, Bloomberg reported, citing a court filing. The announcement comes just a week after […]
