LinkedIn News

Health Insurance

Media & Entertainment

Customer Success

Biotech & Health

Education Technology

Human Resources

Telecommunications

Music Streaming

Entrepreneurship

Cloud Computing

Web Development

Renewable Energy

Renewable Power

Consumer Technology

Agriculture Tech

Machine Learning

Software Development

Environmental Health

Mergers and Acquisitions

Business Development

Government & Policy

Electric Vehicles

Zappos Founder Tony Hsieh's Will Reveals Surprising Final Wishes

Zappos Founder Tony Hsieh's Will Reveals Surprising Final Wishes

A recently uncovered will of late Zappos co-founder Tony Hsieh indicates he had clear plans for his estimated $1.2 billion estate, contrary to earlier assumptions. The 2015 document includes a strict no-contest clause threatening disinheritance for any family member who challenges his wishes. It allocates over $50 million and Las Vegas properties to undisclosed trusts aimed at surprising recipients. Notably, Hsieh earmarked $3 million for Harvard University amid its funding disputes with the Trump administration. This discovery adds intrigue to the ongoing legal battles surrounding his estate after his tragic death in 2020.

Created at: April 24, 2025 1:30am

IBM Faces $100M Impact from DOGE Cuts Despite Downplaying Q1 Earnings Blow

IBM Faces $100M Impact from DOGE Cuts Despite Downplaying Q1 Earnings Blow

IBM reported a $100 million hit to its federal contracts due to cuts from the Department of Government Efficiency during the first quarter of 2025. CEO Arvind Krishna and CFO James Kavanaugh reassured investors that these cancellations, affecting 15 contracts, represent a small fraction of their $30 billion consulting backlog. They emphasized that the majority of their federal work is critical, including veterans' benefits and procurement processes. Overall, IBM's consulting revenue dipped 2% to over $5 billion in Q1, but the company remains optimistic about navigating current challenges.

Created at: April 23, 2025 11:00pm

US AI Startups Surge with $100M+ Funding Rounds in 2025

US AI Startups Surge with $100M+ Funding Rounds in 2025

In 2025, the U.S. AI landscape continues to thrive, building on the momentum from 2024. So far, numerous startups have secured funding exceeding $100 million, including notable raises like OpenAI's unprecedented $40 billion round. SandboxAQ and Runway also made headlines with their substantial Series E and D rounds, valued at $5.7 billion and $3 billion, respectively. Companies like Celestial AI and Lila Sciences are also contributing to this wave, attracting significant investments from major players. The trend indicates a robust future for AI startups amid increasing investor confidence.

Created at: April 23, 2025 8:30pm

Fintech Revival: 19 US Startups Raise Over $50M in 2025 Amid Renewed Investor Interest

Fintech Revival: 19 US Startups Raise Over $50M in 2025 Amid Renewed Investor Interest

In a promising start to 2025, U.S. fintech startups have collectively raised over $10.3 billion in the first quarter, the highest since Q1 2023. This surge includes notable rounds from companies like Plaid and Felix, with average deal sizes reaching $17.7 million. Renewed investor enthusiasm is particularly evident in crypto-related ventures and sectors like payments and banking. Major players like Mercury and Tapcheck also secured significant funding, highlighting a broader recovery in the fintech landscape. This trend signals a vibrant future for innovation in financial technology.

Created at: April 23, 2025 7:30pm

Tesla Faces New Risks as Protests Against Musk Escalate Globally

Tesla Faces New Risks as Protests Against Musk Escalate Globally

Tesla has officially acknowledged the rising global protests against CEO Elon Musk as a risk factor in its recent SEC filing. These protests, fueled by Musk's political involvement, could harm Tesla's brand and sales, as indicated by language changes in the risk assessment. The company’s lawyers expressed concerns that negative perceptions from these protests may complicate fundraising efforts. While Musk claims the protests are orchestrated, financial results show a significant drop in automotive revenue, hinting at the protests' damaging effects. Tesla Takedown, a protest organizer, views this acknowledgment as validation of their movement's impact.

Created at: April 23, 2025 5:30pm

Fluent Ventures Champions Startup Replication in Emerging Markets

Fluent Ventures Champions Startup Replication in Emerging Markets

Fluent Ventures, a San Francisco-based venture fund founded in 2023, focuses on backing startups that adapt successful Western business models to emerging markets such as Latin America and Africa. With an initial capital of $40 million, the firm aims to invest in fintech, digital health, and commerce sectors, emphasizing local adaptation over mere replication. Fluent's strategy involves a deep understanding of regional markets while fostering relationships with over 75 unicorn founders. The firm believes that significant innovations can originate outside traditional hubs like Silicon Valley, as evidenced by emerging successes in tech.

Created at: April 23, 2025 3:30pm

U.S. Startup Aims to Revolutionize Cobalt Refining Amid Global Supply Concerns

U.S. Startup Aims to Revolutionize Cobalt Refining Amid Global Supply Concerns

Xerion Advanced Battery Corp. is tackling the U.S. reliance on foreign cobalt by opening a pilot facility in Dayton, Ohio. With current cobalt refining dominated by China, the company's innovative one-step technique promises to produce highly refined cobalt using electricity and heat. Cobalt is crucial for both electric vehicles and military applications, with Xerion's plant set to produce 2,000 metric tons annually. This approach may enhance U.S. self-sufficiency in critical minerals and address geopolitical concerns surrounding cobalt supply chains.

Created at: April 23, 2025 12:00pm

Froda Secures €20M Series B to Expand SME Financing Across Europe

Froda Secures €20M Series B to Expand SME Financing Across Europe

Swedish fintech startup Froda has raised €20 million in a Series B funding round led by Incore Invest. This investment marks a notable exception to the recent slowdown in fintech funding, reinforcing the trend towards embedded finance. Froda focuses on providing debt financing for small to medium enterprises (SMEs) across northern Europe, utilizing cash flow analysis for lending. With a reported 30% year-over-year customer growth, the company aims to enhance user experience and expand its European presence. Froda joins a growing list of companies addressing SME financial needs.

Created at: April 23, 2025 11:30am

Tesla's Profits Plummet 71% Amid Robotaxi Disappointment and Controversy

Tesla's Profits Plummet 71% Amid Robotaxi Disappointment and Controversy

Tesla's first-quarter profits have plunged by 71%, marking a stark decline for the electric vehicle leader. The company reported $19.3 billion in revenue, a 9% drop compared to last year. CEO Elon Musk attributes the downturn to 'shadowy forces' while grappling with a tarnished brand image due to his controversial political ties. Anticipated robotaxis are delayed, with adapted Model Ys replacing the expected Cybercab. Protests against Musk's leadership have erupted nationwide, further damaging Tesla's reputation. Despite generating $595 million from carbon credits, many question the company's long-term viability.

Created at: April 23, 2025 8:30am

StrictlyVC London: Connect with Top Investors & Entrepreneurs on May 13

StrictlyVC London: Connect with Top Investors & Entrepreneurs on May 13

StrictlyVC is set to take place in London on May 13, uniting leading investors and entrepreneurs for a day of innovation and networking. Attendees will hear from notable speakers such as Nazo Moosa of Paladin Capital Group, Sonali De Rycker from Accel, and TS Anil, CEO of Monzo Bank. The agenda includes discussions on building resilient tech ecosystems, identifying standout startups, and reimagining banking through fintech success stories. This exclusive event aims to foster meaningful connections in the tech and venture capital sectors. Registration is now open for those seeking insights from industry leaders.

Created at: April 23, 2025 6:30am

Tesla's Profits Plunge 71% Amid Weak Sales and Political Backlash

Tesla's Profits Plunge 71% Amid Weak Sales and Political Backlash

Tesla reported a staggering 71% drop in net income to $409 million on $19.3 billion in revenue, marking its worst delivery quarter in over two years. The electric vehicle manufacturer attributed its struggles to declining sales and the impact of a trade war, warning of a potential meaningful effect on product demand. Despite setbacks, Tesla remains committed to launching more affordable models in 2025. However, its aging EV lineup and the delayed Cybertruck hinder growth. CEO Elon Musk also faces backlash due to his political affiliations, further complicating the company's market position.

Created at: April 22, 2025 8:30pm

Ather Energy Slashes IPO Size to $308M Amid Market Conditions

Ather Energy Slashes IPO Size to $308M Amid Market Conditions

Ather Energy, an Indian electric two-wheeler startup, has reduced its IPO size by 18% to ₹26.26 billion ($308.3M) as indicated in its recent draft prospectus. The Bengaluru-based company aims for a post-money valuation of $1.4 billion, down from its previous target of $1.5 to $2 billion. Ather plans to utilize ₹9.27 billion for a new facility in Maharashtra and allocate ₹7.5 billion for R&D. The startup recorded a 21% sales increase in 2024, achieving a 10.7% market share. Bidding opens on April 28, with major stakeholders participating in the IPO.

Created at: April 22, 2025 4:00pm

Flipkart Relocates HQ to India Ahead of IPO Plans

Flipkart Relocates HQ to India Ahead of IPO Plans

Flipkart, Walmart's Indian e-commerce subsidiary, is set to move its headquarters back to India from Singapore in preparation for an IPO on Indian stock exchanges. The company emphasized that this shift aligns with its core operations and the potential of the Indian economy. Originally headquartered in India, Flipkart moved to Singapore in 2011 for investment benefits. The startup anticipates filing for its IPO next year, although the timeline remains unspecified. This decision follows a trend among Indian startups relocating to India amid a supportive valuation environment for public listings.

Created at: April 21, 2025 7:30pm

Tariff Turmoil Threatens Tech M&A Market's Recovery

Tariff Turmoil Threatens Tech M&A Market's Recovery

The tech M&A market faces uncertainty as new tariffs imposed by the Trump administration disrupt potential recovery. Following a promising start to 2025 with notable acquisitions, including Google's $32 billion purchase of Wiz, the market's optimism has been dampened. Experts warn that large public tech companies may hesitate to pursue acquisitions due to depressed valuations and tariff impacts. While some deals may still occur, particularly among well-capitalized startups, the outlook for M&A activity remains cautious as companies reassess their strategies amid fluctuating valuations and economic instability.

Created at: April 21, 2025 6:30pm

20 New Tech Unicorns Emerged in 2025 Amidst VC Market Challenges

20 New Tech Unicorns Emerged in 2025 Amidst VC Market Challenges

In 2025, despite a challenging venture capital environment, TechCrunch reports that 20 new tech unicorns have been established. Highlighted companies include Fleetio, a fleet operations software firm valued at $1.5 billion, and The Bot Company, a robotics platform valued at $2 billion. Other notable entrants include Celestial AI, Olipop, and Hippocratic AI, with valuations ranging from $1 billion to $2.8 billion. The list showcases diverse industries, including healthcare and robotics, indicating robust investment trends in tech startups. This information will be updated throughout the year.

Created at: April 21, 2025 3:30pm

Tesla Delays Launch of Affordable EV Model by Months

Tesla Delays Launch of Affordable EV Model by Months

Tesla has postponed the launch of its new low-cost electric vehicle, originally expected in early 2025, to late 2025 or early 2026, according to Reuters. This delay is attributed to declining sales influenced by an aging vehicle lineup and the controversial actions of CEO Elon Musk. The model, intended to be a budget-friendly version of the Model Y, was part of Musk's vision announced in 2020. Instead of a completely new platform, Tesla will focus on lower-cost variants of existing models to meet market demands.

Created at: April 21, 2025 1:30pm

Logitech Raises Prices Up to 25% Amid Trump Tariffs

Logitech Raises Prices Up to 25% Amid Trump Tariffs

Logitech has announced a price increase of up to 25% on its products due to ongoing tariffs imposed by President Trump on Chinese goods. This adjustment affects various items, including keyboards and mice, with notable price hikes for popular models. For instance, the K400 Plus Wireless Touch keyboard has risen from $27.99 to $34.99, while the MX Master 3S mouse now costs $119.99, up from $99.99. Despite some products seeing price drops, the overall trend reflects the challenges that U.S. consumers face amid these tariffs.

Created at: April 21, 2025 4:00am

Amazon Chinese Sellers Face Price Hikes Amidst Tariffs

Amazon Chinese Sellers Face Price Hikes Amidst Tariffs

Chinese sellers on Amazon are grappling with significant price increases due to tariffs imposed by the Trump administration, which now stand at 145%. A trade association representing over 3,000 merchants stated that they must either exit the U.S. market or raise their prices to survive. Some sellers are opting to leave, while others are adjusting their pricing strategies. Amazon CEO Andy Jassy warned that U.S. consumers will ultimately bear the brunt of these changes. The situation highlights the broader impact of tariffs on both Chinese businesses and U.S. buyers.

Created at: April 19, 2025 8:00pm

Top 5 Fintech Apps Revolutionizing Finance Beyond Budgeting

Top 5 Fintech Apps Revolutionizing Finance Beyond Budgeting

The fintech landscape of 2025 showcases five standout apps that redefine financial management. Chime offers fee-free mobile banking, while Robinhood empowers users with commission-free investing. YNAB promotes financial discipline through proactive budgeting techniques. Coinbase stands out for secure cryptocurrency trading, and Revolut excels in cross-border money management. These apps combine user-friendly interfaces with advanced features like AI insights and robust security, catering to the evolving needs of today's digital-savvy consumers.

Created at: April 18, 2025 6:00pm

LatAm Startups Shine at TechCrunch Startup Battlefield

LatAm Startups Shine at TechCrunch Startup Battlefield

The TechCrunch Startup Battlefield program has become a pivotal platform for Latin American startups, propelling them to international success. Companies like Salva Health, Ripio, Jefa, and Olho do Dono have leveraged the program for visibility and funding opportunities. Salva Health's breast cancer detection device and Jefa's banking services for women exemplify innovation addressing regional challenges. With increased exposure, these startups have attracted global investors and expanded their reach. The program fosters a powerful network, enhancing credibility and validation for participating companies.

Created at: April 18, 2025 3:00pm

Ramp Eyes $25M U.S. Government Contract After Strategic Outreach

Ramp Eyes $25M U.S. Government Contract After Strategic Outreach

Expense management startup Ramp is in consideration for a charge card pilot program under the U.S. government's SmartPay initiative, potentially worth $25 million. The company has been lobbying for this opportunity since January, seeking to showcase its technology's ability to eliminate inefficient spending. Ramp's co-founder and a venture investor previously appealed to the government's efficiency agenda, highlighting significant waste in federal expenditures. With a recent valuation of $13 billion, Ramp aims to extend its cost-saving capabilities to federal operations as part of a standard procurement process.

Created at: April 17, 2025 9:30pm

Will Nintendo Switch 2 Stocks Meet Demand Amid Tariff Concerns?

Will Nintendo Switch 2 Stocks Meet Demand Amid Tariff Concerns?

Nintendo faces uncertainty regarding the launch of its highly anticipated Switch 2 console due to new tariffs imposed by former President Trump on imported goods. Despite assurances of ample stock for the June release, speculation arises about potential limitations or price increases. The recent imposition of tariffs has prompted fears of stock shortages affecting preorders. However, a temporary 90-day suspension of these tariffs may allow Nintendo to import more units without incurring additional costs. The situation highlights the broader impact of tariffs on the tech and gaming industries in the U.S.

Created at: April 17, 2025 4:30pm

Chapter Secures $75M Funding Round, Valued at $1.5B, in Medicare Revolution

Chapter Secures $75M Funding Round, Valued at $1.5B, in Medicare Revolution

Chapter, a Medicare advisory startup co-founded by Vivek Ramaswamy, has raised $75 million, achieving a valuation of $1.5 billion. The funding round was led by private equity firm Stripes, with prior investments from J.D. Vance’s Naraya and Peter Thiel. Unlike traditional brokers, Chapter focuses on client needs, aiding seniors in selecting Medicare plans based on comprehensive analyses. Donna Shalala, former HHS Secretary, has joined the board, emphasizing that political affiliations do not define the company's mission. This funding marks a significant milestone in reshaping Medicare services for seniors.

Created at: April 16, 2025 11:30pm

Rippling Targets Revolut in Ongoing Spy Drama Over Deel

Rippling Targets Revolut in Ongoing Spy Drama Over Deel

Rippling has intensified its legal battle against Deel by involving U.K. fintech giant Revolut. Allegations surfaced from Rippling employee Keith O’Brien, claiming he was compensated to spy on the company, with payments allegedly routed through Revolut. The controversy centers on a $6,000 transfer linked to Alba Basha Westgarth, wife of Deel's COO. While Revolut has engaged legal counsel and is prepared to comply with court orders, privacy laws complicate information disclosure. The Irish High Court may eventually allow Rippling to verify the sender's identity, amid rising tensions in the fintech space.

Created at: April 16, 2025 10:00pm

BluSmart Suspends Service Amid Gensol Engineering Probe

BluSmart Suspends Service Amid Gensol Engineering Probe

BluSmart, India's electric cab-hailing startup, has suspended its services in major cities as the Securities and Exchange Board of India (SEBI) investigates Gensol Engineering, which shares co-founders with BluSmart. The suspension comes after allegations that the co-founders misused substantial loan amounts for personal expenses. Customers have reported issues accessing funds in their BluSmart wallets. Despite earlier success, with substantial ARR and fleet growth, the board has not communicated updates to investors. Gensol clarified it is not pursuing any significant transactions despite market speculation about a partnership with Uber.

Created at: April 16, 2025 5:30pm

Ryan Breslow Returns with Bolt's New Superapp to Compete in Fintech

Ryan Breslow Returns with Bolt's New Superapp to Compete in Fintech

Ryan Breslow, back as CEO of Bolt, has launched a new superapp aimed at revolutionizing crypto and everyday payments. The app combines features of Coinbase, Zelle, and PayPal, allowing users to manage cryptocurrencies and make peer payments seamlessly. Despite past controversies and slow revenue growth, Breslow believes the app will create a centralized hub for financial services. With partnerships and rewards features, the app is designed to attract a broader user base. Currently available on iOS, the app will soon be released on Android, taking a bold step in the competitive fintech landscape.

Created at: April 16, 2025 3:00pm

X's UK Revenues Plunge 60% Post-Musk Takeover

X's UK Revenues Plunge 60% Post-Musk Takeover

Following Elon Musk's acquisition, X (formerly Twitter) has experienced a drastic revenue decline in the UK, with figures dropping by over 60% in just one year. The company's UK revenue fell to £69.1m ($91.6m) from £205.3m ($272.3m), and profits plummeted accordingly. Internal concerns regarding brand safety and content moderation have contributed to this downturn, alongside a significant reduction in UK staff numbers. Despite these challenges, X's overall valuation has rebounded to its original $44bn purchase price after its acquisition by Musk's X.AI startup.

Created at: April 16, 2025 12:30pm

Tesla's Stock Faces 'Death Cross': What It Means for Investors

Tesla's Stock Faces 'Death Cross': What It Means for Investors

Tesla's stock has hit a troubling technical chart signal known as the 'death cross,' where the 50-day moving average dips below the 200-day average. This bearish indicator arrives as the stock has already lost over 30% of its value in 2025 amid market volatility and trade policy uncertainties. Analysts caution that while this signal raises alarms, it doesn't guarantee a significant downturn. Tesla's CEO Elon Musk's controversial public behavior has compounded investor concerns, and the broader market shows similar signs of instability. Investors are advised to remain cautious rather than panic.

Created at: April 16, 2025 10:00am

Moniepoint Launches MonieWorld: Aiming to Redefine Immigrant Banking

Moniepoint Launches MonieWorld: Aiming to Redefine Immigrant Banking

Nigerian fintech Moniepoint has launched MonieWorld, targeting the UK-Nigeria remittance corridor. Backed by Visa, the platform seeks to offer more than just remittances, positioning itself as a comprehensive banking solution for immigrants. CEO Tosin Eniolorunda highlights the need for improved financial tools that help newcomers build credit and stay connected with family. Despite entering a saturated market, Moniepoint believes its existing infrastructure and cultural understanding will set it apart. The fintech aims to expand to other diasporas in North America, seeking to diversify its operations beyond Nigeria.

Created at: April 16, 2025 9:00am

TechCrunch's StrictlyVC London to Feature Monzo CEO TS Anil and Top Venture Capitalists

TechCrunch's StrictlyVC London to Feature Monzo CEO TS Anil and Top Venture Capitalists

TechCrunch's StrictlyVC event is set to return to London on May 13, featuring Monzo Bank CEO TS Anil among other prominent speakers. Anil, known for his leadership in fintech, will share insights on the future of money and digital innovation. He will be joined by Sonali De Rycker from Accel and Nazo Moosa of Paladin Capital Group. Unlike traditional conferences, StrictlyVC fosters intimate dialogues, allowing attendees to engage directly with speakers. This event promises a candid discussion on leadership and innovation, making it a must-attend for industry professionals.

Created at: April 16, 2025 7:30am

India's BluSmart Entangled in Gensol's EV Loan Misuse Investigation

India's BluSmart Entangled in Gensol's EV Loan Misuse Investigation

India's market regulator is investigating Gensol Engineering for alleged misuse of electric vehicle loans, implicating BluSmart, a ride-hailing startup co-founded by Gensol's founders. Securities and Exchange Board of India (SEBI) has barred Anmol and Puneet Singh Jaggi from key roles as they investigate claims of redirected funds for personal use. Gensol reportedly defaulted on loans intended for purchasing EVs for BluSmart. Meanwhile, BluSmart faces challenges with cash burns and has shut down its Dubai service, exploring new strategies to sustain operations in India.

Created at: April 15, 2025 7:30pm

Intel Sells Majority Stake in Altera Semiconductor Business

Intel Sells Majority Stake in Altera Semiconductor Business

Intel has finalized an agreement to sell a 51% stake in its Altera semiconductor division to private equity firm Silver Lake for $8.75 billion. This move is aimed at enhancing Intel's focus and financial structure while allowing Altera to operate independently under new CEO Raghib Hussain. The FPGA market is projected to grow significantly, with Altera generating $1.54 billion in revenue for fiscal year 2024. The transaction is expected to close in late 2025, contingent on standard closing conditions.

Created at: April 14, 2025 1:00pm

US-China Trade War Escalates: Beijing Halts Rare Earth Exports

US-China Trade War Escalates: Beijing Halts Rare Earth Exports

In a significant escalation of the US-China trade war, China has suspended exports of critical rare earth minerals essential for various industries including technology, automotive, and defense. This decision threatens global manufacturing and security operations as countries scramble for alternative suppliers. China produces nearly 90% of the world's rare earths, which are vital for electric vehicles, smartphones, and military hardware. With many Chinese ports halting shipments, the move could severely impact US military contractors and tech manufacturers, raising concerns over supply chain disruptions.

Created at: April 14, 2025 7:00am

Elon Musk's xAI Acquires X: A Strategic Move for AGI Dominance

Elon Musk's xAI Acquires X: A Strategic Move for AGI Dominance

Elon Musk's AI startup, xAI, has acquired his social media platform X (formerly Twitter) in an all-stock deal, aiming to integrate xAI's chatbot Grok with X's operations. This merger highlights Musk's strategy of consolidating his ventures into a singular ecosystem, despite skepticism about X’s inflated valuation. Investors see potential in Musk’s interconnected businesses, which include Tesla and SpaceX. However, the acquisition faces risks, including an ongoing SEC lawsuit and regulatory scrutiny. Despite these challenges, some investors remain bullish on Musk's ability to innovate and deliver long-term value.

Created at: April 12, 2025 2:00pm

Tesla Exodus 2025: Record High Used Listings as Owners Abandon Brand

Tesla is facing a significant downturn in popularity, with over 13,000 used units listed on the market, marking a 67% year-over-year increase. This surge is linked to a sharp decline in resale values, with the Model Y losing an average of $6,000 in the past year. New car sales have also plummeted, particularly in Germany, where sales dropped by 76%. The backlash against Tesla appears to be driven largely by CEO Elon Musk's controversial political associations, prompting many former fans to seek alternatives. The trend shows no signs of reversing as thousands of Teslas flood the used market weekly.

Created at: April 12, 2025 9:30am

Forerunner Ventures Adapts to New IPO Landscape in Consumer Startups

Forerunner Ventures Adapts to New IPO Landscape in Consumer Startups

Forerunner Ventures, established 13 years ago, has successfully backed consumer startups like Warby Parker and Glossier, none of which pursued traditional IPOs. Founder Kirsten Green emphasizes that alternative routes to going public are now standard, as companies like Chime consider IPOs while others like Ōura focus on growth. Green highlights the increasing importance of the secondary market for liquidity and efficient price discovery, noting Chime's fluctuating valuation. The firm aims to identify shifts in consumer behavior and invest early, adapting to a landscape where patience is vital for big returns.

Created at: April 12, 2025 12:30am

Meta Expands Board with Stripe CEO and Banking Executive

Meta Expands Board with Stripe CEO and Banking Executive

Meta has announced the addition of Stripe CEO Patrick Collison and banking executive Dina Powell McCormick to its board. Collison, who co-founded the digital payments giant valued at $91.5 billion, previously served on Meta’s advisory group. Powell McCormick, a former Deputy National Security Advisor, brings extensive experience from her 16 years at Goldman Sachs. Their appointments are part of Meta's strategy to enhance its board with global business experts ahead of an upcoming antitrust trial. Both appointments will take effect on April 15.

Created at: April 11, 2025 9:30pm

Bezos Backs Secretive EV Startup Slate Auto Amidst Tariff Uncertainty

Bezos Backs Secretive EV Startup Slate Auto Amidst Tariff Uncertainty

Jeff Bezos is backing the secretive EV startup Slate Auto, which has revealed its first product, an electric pickup truck. Meanwhile, U.S. tariffs are shifting, with a 90-day pause on certain tariffs impacting the transportation sector, although 10% base tariffs remain. This uncertainty has led analysts to downgrade price targets for major companies like Apple and Tesla. Additionally, Lucid Motors has won a bankruptcy auction for Nikola's factory assets, investing approximately $30 million. The wider EV market faces challenges as tariffs on Chinese imports affect battery costs.

Created at: April 11, 2025 8:00pm

Trevor Milton Tries to Undermine Nikola's Bankruptcy Sale Process

Trevor Milton Tries to Undermine Nikola's Bankruptcy Sale Process

During a recent court hearing, Nikola's bankruptcy sale to Lucid Motors faced unexpected scrutiny when a lawyer representing Trevor Milton raised concerns about the auction process. Milton, barred from touring Nikola's Arizona factory, appears to be attempting to influence the proceedings post-pardon from President Trump. Nikola's legal team dismissed the lawyer's claims as baseless, suggesting they may be aimed at impacting a $168 million arbitration award owed to the company. Despite the hiccup, the sale of Nikola’s assets is expected to proceed, with Lucid planning to hire 300 Nikola employees.

Created at: April 11, 2025 7:30pm

Fintech Founder Charged with Fraud Over Misleading AI Claims

Fintech Founder Charged with Fraud Over Misleading AI Claims

Albert Saniger, the founder of Nate, an AI shopping app, has been charged with defrauding investors after it was revealed that the app relied on human contractors in the Philippines rather than AI technology. Despite raising over $50 million, including a recent $38 million Series A, the app's automation rate was reportedly 0%. The Department of Justice claims Saniger misled investors by claiming the app could complete transactions without human intervention. Nate's financial troubles led to asset sales earlier this year. Saniger is now a managing partner at Buttercore Partners.

Created at: April 10, 2025 10:00pm