Stoke Space raises $100M Series B as it looks to reach orbit by 2025
Stoke Space is flying high. Fresh on the heels of a successful test of its reusable second stage, the four-year-old startup announced today that it closed $100 million in new funding led by Industrious Ventures. This newest round of funding included participation from the University of Michigan, Sparta Group, Long
Read moreElon Musk is stonewalling the SEC, and now he’s getting sued
Illustration by Laura Normand / The Verge The US Securities and Exchange Commission (SEC) is suing Elon Musk over his refusal to testify in an investigation into Musk’s purchase of Twitter stock in 2022. According to the SEC’s complaint, Musk was scheduled to appear for testimony on September 15th after
Read moreLawsuit alleges discriminatory pay schemes at SpaceX
SpaceX is facing a class action lawsuit over allegations that the company pays women and minority employees less than their white and male colleagues. The lawsuit was filed on Tuesday in Los Angeles Superior Court by SpaceX engineer Ashley Foltz, who says she was hired at a salary of $92,000,
Read moreFollowing the SBF trial, 3AC arrest and Q3 web3 funding drops
Welcome back to Chain Reaction. The SDNY is becoming a second home for me because the highly anticipated trial for Sam Bankman-Fried has begun. If you need it, we’ve got a refresher for you.
Read morePayPal faces new antitrust lawsuit claiming it unfairly stifles competition with Stripe, Shopify and more
PayPal has been hit with a class-action lawsuit by consumers represented by law firm Hagens Berman alleging that the fintech giant’s anti-steering rules stifle competition against lower-cost payment platforms such as Stripe and Shopify. Specifically, according to an investigation conducted by the firm’s consumer rights attorneys, PayPal has subjected consumers
Read moreWant to detect bad actors? Look on the bright side
Even a company the size of Airbnb, it turns out, doesn't have that much data on rule-breaking behavior.
Read moreUber still dragging its feet on algorithmic transparency, Dutch court finds
Uber has been found to have failed to comply with European Union algorithmic transparency requirements in a legal challenge brought by two drivers whose accounts were terminated by the ride-hailing giant, including with the use of automated account flags. Uber also failed to convince the court to cap daily fines
Read moreAs its workers strike over burnout and low wages, Kaiser Permanente strikes a deal to use an AI Copilot from Nabla
Yesterday, 75,000 workers at healthcare giant Kaiser Permanente embarked on a three-day strike to protest understaffing, burnout and low wages — setting a record for the biggest healthcare strike to date in U.S. history. But timing is everything in medicine. While Kaiser Permanente works through terms with union reps, another
Read moreThoughts debuts an app designed to inspire you, not distract you
Instead of scrolling mindlessly through a social feed of updates, a new app called Thoughts offers a way to scroll through and collect inspirational content. Created by indie developer Henri Bredt, Thoughts is described as a “focused inspiration manager” that’s designed to help you remember things that inspired you, whether
Read moreSpotify’s new artist profiles highlight music, Stories, merch and events
Spotify today is rolling out a big change in terms of how users connect with artists on its streaming music platform. With the newly debuted artist profile pages, content has been reorganized under three main tabs, including Music, Events and Merch. The Music tab will also now not only feature
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