Sam 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
Read moreCash-strapped EV maker Arrival lays off yet more workers
Arrival just warned investors that it’s slashing its workforce yet again. The electric van maker said on Tuesday that it “took actions” on October 5 to “further reduce” costs. Those actions include letting go of “up to approximately 25%” of its workers, the company stated in a letter to investors.
Read moreHackers advertised 23andMe stolen data two months ago
Genetic testing company 23andMe has been investigating a security incident after hackers advertised a trove of alleged stolen user data on a hacking forum last week. But the alleged stolen data may have been circulating for much longer than first known. TechCrunch has also found that some of the advertised
Read moreFederal judge throws out $32.5 million win for Sonos against Google
A California judge has thrown out a $32.5 million verdict win for Sonos against Google after two of Sonos’ patents were deemed unenforceable and invalid. As a result, Google has started to re-introduce software features it had removed due to Sonos’ lawsuit. In a decision dated October 6, U.S. District
Read moreEU asks Elon Musk to prove X isn’t breaking Europe’s disinformation rules
Image: Kristen Radtke / The Verge; Getty Images EU commissioner Thierry Breton warned Elon Musk in a letter today that X, formerly Twitter, “is being used to disseminate illegal content and disinformation in the EU” after Hamas attacks in Israel. Breton also reminded Musk that the Digital Services Act (DSA),
Read moreCoffee Briefing Oct. 10 – AI chatbot ChatGPT reshapes workplace norms amidst trust challenges: report; Meeranda’s human-like AI joins Amazon’s AWS build accelerator; iClassifier unveils AI breakthrough in dairy farming; and more
Coffee Briefings are timely deliveries of the latest ITWC headlines, interviews, and podcasts. Today’s Coffee Briefing is delivered by IT World Canada’s editorial team! Missed last week’s Coffee Briefing? We’ve got you covered. AI chatbot ChatGPT reshapes workplace norms amidst trust challenges: report Artificial intelligence (AI) chatbot ChatGPT has experienced
Read moreArctic Wolf acquires cybersecurity automation platform Revelstoke
Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, today announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount. In a blog post, Arctic Wolf chief product officer Dan Schiappa
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