Melvin Capital, Hedge Fund Torpedoed By the GameStop Frenzy, is Shutting Down
Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from wrong-way bets on GameStop, is shutting down, according to a letter sent to investors on Wednesday that was reviewed by The New York Times.....»»
Holman invests in FM Capital; both will boost auto tech deals
Holman is a conglomerate that owns a alrge dealership group and its own venture capital arm......»»
EU firefighters to join as Greece battles blaze
Greece battled a massive wildfire near Athens for a third day on Tuesday, with hundreds of European firefighters due to join the effort to contain the deadly blaze that has scorched parts of the capital's suburbs......»»
Google abruptly shuts down AdSense in Russia as tensions with Kremlin escalate
Russia-based YouTubers, in particular, will likely lose significant revenues. Enlarge (credit: Gary Hershorn / Contributor | Corbis News) Google announced Monday that it's shutting down all AdSense accounts in Russia due.....»»
Microsoft’s Paint 3D Might be Shutting Down Soon
Microsoft Paint 3D was launched back in 2017, and integrates several features of the original Paint as well as other 3D design software. The post Microsoft’s Paint 3D Might be Shutting Down Soon appeared first on Phandroid. Remember.....»»
Stellantis to help fund Archer Aviation"s air-taxi production costs
Stellantis CEO Carlos Tavares has said that the idea of inexpensive air taxis fit with the automaker's goal of "finding innovative solutions for accessible mobility.".....»»
Lucid reports Q2 net loss of $790 million; Saudi fund pledges additional $1.5 billion to the startup
Lucid delivered a record in the quarter and plans to launch a crossover this year. Lucid said its largest shareholder, Saudi Arabia's Public Investment Fund, will inject $1.5 billion in cash......»»
Popular office app may have exposed details of thousands of workers
Employee details at Dell, Verizon, Capital One, and others exposed via popular office app......»»
Gamestop Shuts Down Game Informer After 33 Years of Publication
The shutdown was also confirmed by several writers and staff. The post Gamestop Shuts Down Game Informer After 33 Years of Publication appeared first on Phandroid. Veteran video game publication Game Informer recently announced that it wil.....»»
Legendary ROM hacking site shutting down after almost 20 years
Disputes about how to keep the site going led founder to archive and close it. Enlarge / A thing that exists through ROM hacking, and ROMHacking.net: Super Mario Land 2, in color. (credit: Nintendo/Toruzz) If there was s.....»»
Washington State creates instant rebate program for EVs
The Washington State Department of Commerce said there is $45 million in funding available, via the state's general fund, which it anticipates covering 7,500 to 9,000 rebates......»»
GPB Capital founder David Gentile found guilty in Ponzi-like fraud that included dealerships
Gentile’s co-defendant, Jeffry Schneider, who ran Texas-based Ascendant Capital, also was convicted of securities fraud and conspiracy charges by a federal jury in Brooklyn, N.Y., following a trial that lasted more than seven weeks......»»
Extreme heat in India: A crisis on the rise
As global temperatures continue to rise, India is grappling with increasingly severe heat waves. As early as April, many Indian cities, including New Delhi, the capital, have experienced record temperatures above 115 degrees Fahrenheit......»»
Logitech swears it’s not discontinuing its HomeKit camera and doorbell products
In an interview on the Decoder podcast this week, Logitech CEO Hanneke Faber sent HomeKit fans into a frenzy when she said the company’s Circle View products were “pretty much gone.” As it turns out, that’s not the case, but the future of.....»»
ISPs seeking government handouts try to avoid offering low-cost broadband
Despite getting subsidies, ISPs oppose $30 plans for people with low incomes. Enlarge (credit: Getty Images | Yuichiro Chino) Internet service providers are eager to get money from a $42.45 billion government fund, but.....»»
What’s going on with Amazon Astro in 2024?
With Astro for Business shutting down, has Amazon announced anything new for its original Astro homebot? Here's what's happened so far in 2024......»»
GM Ventures, others invest in Israeli EV battery startup Addionics
Addionics raised $39 million from investors including General Motors' venture capital arm to help commercialize its 3D copper foil product for electric vehicle batteries......»»
5th Circuit court upends FCC Universal Service Fund, ruling it an illegal tax
Court says Universal Service fee is "misbegotten tax" that violates Constitution. Enlarge / FCC Chairwoman Jessica Rosenworcel testifies during a House hearing on March 31, 2022, in Washington, DC. (credit: Getty Images | Kevin.....»»
Vanta raises $150 million accelerate its AI product innovation
Vanta announced that it has raised a $150 million Series C funding round at a valuation of $2.45 billion. The round was led by Sequoia Capital, in addition to new investors Growth Equity at Goldman Sachs Alternatives, J.P. Morgan and existing investo.....»»
Apple"s batterygate settlement fund didn"t have enough money to pay a $92.17 check
So much for being the world's most valuable company. An iPhone "batterygate" settlement check has bounced and allegedly because of insufficient funds.The bounced check that will bring down Apple. (Source: First Coast News)Maybe those falling sales i.....»»
Gcore raises $60 million to drive AI innovation
Gcore has secured $60 million in Series A funding from institutional and strategic investors. Led by Wargaming, and with participation from Constructor Capital and Han River Partners, this marks the company’s first external capital raise since its.....»»