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…
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…
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,…
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…
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…
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…
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…
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…
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…
Amazon Bolsters Smart Home Offerings with $1.7 billion iRobot Deal
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…