How is it still getting worse for Sam Bankman-Fried?
Caroline Ellison didn’t crack under pressure. Granted, she wasn’t under that much pressure. | Photo Illustration by Cath Virginia / The Verge | Photo by Bloomberg, Agustina Torres, Getty Images The defense botched the cross examination of Caroline Ellison. In the break after Caroline Ellison stepped down from the stand,
Read moreFord’s joint EV battery venture increases wages at planned factories amid UAW strike
Ford and its joint venture partner SK On, will increase wages at two planned EV battery factories in Kentucky and Tennessee in an effort to assuage striking autoworkers. That offer might not be enough. The joint venture, known as BlueOval SK, said it’s offering higher wages for maintenance technicians and
Read moreQuebecor launches MVNO service, starts expanding Videotron, Fizz and Freedom Mobile service areas across Canada
Quebecor today announced the launch of its Mobile Virtual Network Operator (MVNO) service, as well as the expansion of the service territories of its Videotron, Fizz, and Freedom Mobile brands in Canada. This is a gradual expansion that will allow the three brands to offer their services to millions of
Read moreFTC sues bankrupt crypto company Voyager’s CEO over false FDIC insurance claims
After settling on Thursday with the Federal Trade Commission (FTC), bankrupt crypto company Voyager is permanently banned from handling consumers’ assets. But the government agency also announced on Thursday that it’s suing Voyager’s former CEO, Stephen Ehrlich, for falsely claiming that users’ accounts were FDIC insured. When a bank or
Read moreFTX trial stirs up more chaos as ex Alameda CEO Caroline Ellison testifies on faulty balance sheets, bribes and more
Welcome back to Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. It’s week two of the Sam Bankman-Fried trial and I’m writing this live from outside the Southern District of New York
Read moreCruise opens robotaxi service in Houston
GM’s self-driving car subsidiary Cruise has opened its robotaxi service to users in Houston — an expansion that comes amid increasing criticism of the company’s operations in San Francisco, it’s first launch city. Cruise said it will operate seven days a week from 9 p.m. to 6 a.m. in limited
Read moreThreads is rolling out an edit button, and it’s not locked behind a paywall
Meta CEO Mark Zuckerberg announced today that Threads, Instagram’s Twitter-like app, is rolling out an edit button. With this new feature, users will be able to edit a post for up to five minutes after it has been posted to the platform. Previously, you have had to delete a post
Read moreVR is changing customer care for Hydro One
Hydro One, an Ontario electricity transmission and distribution provider, has partnered with VR Vision, a virtual reality technology company, to transform the training experience for its customer care and field service teams. The collaboration integrates 360° VR video into training for approximately 530 employees from now until the end of
Read moreAfter delays, X updates Community Notes fact-checks to improve speed and distribution
After X’s crowdsourced fact-checking system faced multi-day delays to correct misinformation on the platform, the company formerly known as Twitter has announced a series of improvements focused on speeding up the pace as well as other changes designed to alert users when notes were added to posts they liked, replied
Read moreCreators raising venture capital: unsettling or genius?
When Slow Ventures announced that it would set aside $20 million to invest in individual creators, GP Sam Lessin responded to onlookers’ confusion with a memorable quip: “it’s def not indentured servitude.” Though Lessin’s remarks weren’t very reassuring, these sorts of venture deals – investments in people, as opposed to
Read more