NestAway, once valued at over $225 million, sells for $11 million
PropTech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup’s investors. Eight-year-old NestAway raised $115 million over the years and was valued at $227 million
Read moreVolkswagen targets cool with a new American-sized ID.Buzz
It’s been far too long and yet you’re going to have to wait a bit longer. After years of impatient waiting, the U.S. version of the Volkswagen ID.Buzz finally made its debut Thursday in Huntington Beach, California. When pitted against the European spec bus — which is already on sale
Read morePuneet Chandok, AWS India and South Asia head, has resigned
Puneet Chandok, the head of AWS in India and South Asia, has resigned, according to two sources familiar with the matter, a surprise move just weeks after the cloud giant pledged to invest over $12 billion in India by 2030. Chandok, who served as the President of AWS India and
Read moreGig workers in California to receive millions for unpaid vehicle expenses
Uber, Lyft, DoorDash and other app-based ride-hail and delivery companies will have to reimburse California gig workers potentially millions of dollars for unpaid vehicle expenses between 2022 and 2023. The back payments come from a provision in Proposition 22, the controversial law that classifies gig workers as independent contractors rather
Read moreTwitter’s trust and safety lead Ella Irwin resigns
Twitter’s head of trust and safety Ella Irwin has resigned, the now-former executive confirmed to Reuters on Thursday. Irwin took over for Yoel Roth, who famously left the company during the early days of Elon Musk’s chaotic Twitter takeover. While Roth clashed with Musk over the new Twitter owner’s hands-off
Read moreTwitter head of trust and safety Ella Irwin has resigned
Illustration: Alex Castro / The Verge Twitter head of trust and safety Ella Irwin has resigned, she confirmed to Reuters, marking the departure of one of Elon Musk’s most important executives at Twitter. Irwin took over from Yoel Roth in November after Roth’s resignation earlier that month. Fortune’s Kylie Robison
Read moreNASA, Boeing delay the first crewed flight test of the Starliner capsule…again
Boeing and NASA said Thursday that the first crewed flight test of the Starliner capsule would be further delayed due to a new crop of technical issues with the spacecraft. The first crewed mission was scheduled to fly two NASA astronauts on July 21 after being pushed back from an
Read moreTurncoat drone story shows why we should fear people, not AIs
A story about a simulated drone turning on its operator in order to kill more efficiently is making the rounds so fast today that there’s no point in hoping it’ll burn itself out. Instead let’s take this as a teachable moment to really see why the “scary AI” threat is
Read moreFidelity has cut Reddit valuation by 41% since 2021 investment
Fidelity, the lead investor in Reddit’s most recent 2021 funding round, has slashed the estimated worth of its equity stake in the popular social media platform by 41% since the investment, the latest high-profile write-down amid a weakening worldwide economy on public markets. Fidelity Blue Chip Growth Fund’s stake in
Read moreRocket Lab’s private mission to Venus slips to 2025
Rocket Lab’s mission to Venus, which was originally scheduled to launch last month, is “not imminent,” a spokesperson confirmed to TechCrunch. That means the mission will likely move ahead no earlier than January 2025, the only publicly stated back-up window for launch. “Our focus right now is on delivering customer
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