Recs is a social ‘wallet’ for stashing and sharing your favorite places
The most popular apps suck us into the technological equivalent of couch lock, but it’s easy to imagine how things might have gone differently. Rather than idly scrolling and mindlessly issuing likes into the void, social media could — and, at its best, does — empower us to connect beyond
Read moreWM Motor’s bankruptcy highlights challenges faced by EV startups in China
Chinese electric vehicle startup WM Motor has filed for bankruptcy, an example of yet another once-promising EV upstart that has been pushed to insolvency as bigger players gain market share and Chinese spending on big ticket items dwindles. WM Motor, backed by Baidu and Tencent, was one of the most
Read moreEvolution Space to build solid rocket motor testing center at NASA Stennis
Mojave, California-based Evolution Space has a new deal with NASA to begin building a solid propulsion center and solid rocket motor testing at the agency’s Stennis Space Center, which will see former facilities repurposed into Evolution’s “Space Propulsion Center.” Evolution plans on repurposing former facilities that were part of the
Read moreMSPs told by security expert now is not the time to be complacent
A group of Managed Service Providers (MSPs) attending the recent ASCII Edge: The MSP Conference in Toronto received excellent advice and guidance during a presentation from speaker Michal Jankech that revolved around threat intelligence, incident response, and the role played by human expertise. Jankech, the vice president for North America
Read moreIndia’s InsuranceDekho raises another $60 million
InsuranceDekho, the insurer that was incubated within the automobile marketplace group CarDekho, has raised $60 million in a new funding round as the startup looks to supercharge its growth. Mitsubishi UFJ Financial Group, insurer BNP Paribas Cardif, Beams Fintech Fund and Yogesh Mahansaria Family Office financed InsuranceDekho’s Series B funding,
Read moreJapanese VC Beyond Next Ventures raises $67.7M in a first close of its deep tech fund
A Japanese fund focused on early-stage, Asian deep tech startups is doubling down on the opportunity, despite a wider slowdown investing in moonshots globally. Tokyo-based Beyond Next Ventures is targeting up to ¥25 billion (about $168 million) for BNV Fund 3, its third fund, and today, the venture capital firm
Read moreSam Bankman-Fried was a terrible boyfriend
She didn’t even get equity! | Photo illustration by Cath Virginia / The Verge | Photos by Bloomberg, Getty Images Bankman-Fried thought Alameda’s brand wasn’t as good as FTX’s — so he put his sometime-lover in charge of it. I’ve got some shitty ex-boyfriends, but none of them made me
Read moreEU fires urgent warning at Elon Musk’s X over illegal content and disinformation following Hamas attacks
In a very swift test of the European Union’s newly updated content moderation rulebook, the bloc has fired a public warning at Elon Musk-owned X (formerly Twitter) for failing to tackle illegal content circulating on the platform in the wake of Saturday’s deadly attacks on Israel by Hamas terrorists based
Read moreWhat drove online used car marketplace Shift to file for bankruptcy
Shift Technologies, the San Francisco-based online used car startup turned publicly traded company, filed this week for Chapter 11 bankruptcy. The short story, according to recent filings, is that the company’s deteriorating cash position and inability to obtain further financing drove the company to file for bankruptcy and begin the
Read moreSumUp’s valuation falls as low as $4.1B, as Groupon and others sell off their stakes
Adyen lost $13 billion in market cap last month when investors scrambled to sell shares after the payments company missed quarterly revenue targets. But it’s not the only one facing the music in fintech. Shares in SumUp, a privately-held European payment technology business that focuses on point-of-sale transactions, are currently
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