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Theranos promised investors $1B in revenue despite internal projection of just $100M

Jurors heard about mounting losses, fudged data from first witnesses. Enlarge / Theranos founder Elizabeth Holmes collects her belongings after going through security at the Robert F. Peckham Federal Building with her defense team on August 31,.....»»

Category: topSource:  arstechnicaSep 15th, 2021

Taiwanese suppliers expect stable EV orders

Sales of electric vehicle (EV) have grown over 100% on year during the first half of 2021 in the US, EU, and China. Taiwan-based suppliers for EV such as CFTC, KS Terminals, BizLink, and Sinbon have seen revenue grow and expect stable growth for the.....»»

Category: itSource:  digitimesRelated NewsSep 24th, 2021

Elizabeth Holmes “was in charge” at Theranos, Mattis tells court

"I thought all along that we were doing it on Theranos' gear," Mattis said. Elizabeth Holmes speaking at the Fortune Global Forum in 2015, around the time Theranos was under increasing pressure to deliver results from its ill-fated Edison testin.....»»

Category: topSource:  arstechnicaRelated NewsSep 23rd, 2021

Elizabeth Holmes “was in charge” of Theranos, Mattis tells court

“I thought all along that we were doing it on Theranos’ gear,” Mattis said. Elizabeth Holmes speaking at the Fortune Global Forum in 2015, around the time Theranos was under increasing pressure to deliver results from its ill-fated Edison.....»»

Category: topSource:  arstechnicaRelated NewsSep 23rd, 2021

Former Defense Secretary James Mattis invested $85,000 in Theranos and let Elizabeth Holmes take his blood

James Mattis, the former US Secretary of Defense and onetime Theranos board member, recounted how he lost confidence in the failed blood-testing startup during his testimony Wednesday in the criminal trial of the company's founder and former CEO Eliz.....»»

Category: topSource:  cnnRelated NewsSep 23rd, 2021

FDA Authorizes Pfizer Booster Shots For Older and At-Risk Americans

After weeks of internal strife at the Food and Drug Administration, the agency on Wednesday authorized people over 65 who had received Pfizer-BioNTech's coronavirus vaccine to get a booster shot at least six months after their second injection. The N.....»»

Category: topSource:  slashdotRelated NewsSep 23rd, 2021

TikTokers Are Trading Stocks By Copying What Members of Congress Do

TikTok users are watching financial disclosures of sitting members of Congress to help them determine which stocks to invest in. NPR reports: Among a certain community of individual investors on TikTok, House Speaker Nancy Pelosi's stock trading disc.....»»

Category: topSource:  slashdotRelated NewsSep 23rd, 2021

Former Defense Secretary James Mattis testifies in trial of Elizabeth Holmes

James Mattis, the former US Secretary of Defense and onetime Theranos board member, recounted how he lost confidence in the failed blood-testing startup during his testimony Wednesday in the criminal trial of the company's founder and former CEO Eliz.....»»

Category: topSource:  cnnRelated NewsSep 22nd, 2021

Inexplicably volatile Theranos results falsely warned pregnant woman of miscarriage

Erratic test results defied “medical explanation.” Enlarge / Former Theranos founder and CEO Elizabeth Holmes goes through security after arriving for court at the Robert F. Peckham Federal Building September 17, 2021 in San Jose, California.....»»

Category: topSource:  arstechnicaRelated NewsSep 22nd, 2021

5G drives double-digit growth for 6th straight quarter in smartphone APs, says Strategy Analytics

For the sixth straight quarter, the global smartphone applications processor (AP) market clocked a double-digit on-year revenue increase in the second quarter of 2021, according to Strategy Analytics......»»

Category: itSource:  digitimesRelated NewsSep 22nd, 2021

IC shortages could defer demand for Chinese-branded handsets

Suppliers said demand from Chinese handset vendors is getting opaque in September, portending possible deferral of peak demand and possible decline in suppliers' revenue for the second half of 2021......»»

Category: itSource:  digitimesRelated NewsSep 22nd, 2021

Facebook says it has invested $13 billion on safety and security over the past five years

Earlier this month, a series of scathing reports from The Wall Street Journal revealed that Facebook knows its social platforms have mechanisms that can cause harm. While sifting through leaked internal documents, the publication found the company ha.....»»

Category: topSource:  techspotRelated NewsSep 21st, 2021

PayPal Launches Its "Super App" Combining Payments, Savings, Bill Pay, Crypto, Shopping and More

PayPal has been talking about its "super app" plans for some time, having recently told investors its upcoming digital wallet and payments app had been given a go for launch. Today, the first version of that app is officially being introduced, offeri.....»»

Category: topSource:  slashdotRelated NewsSep 21st, 2021

Elizabeth Holmes moved ahead with Walgreens rollout despite internal concerns, former Theranos scientist testifies

A longtime Theranos scientist depicted Elizabeth Holmes as prioritizing a business partnership over the possible well-being of patients in testimony capping off the first full week of witnesses taking the stand in the criminal trial of the disgraced.....»»

Category: topSource:  cnnRelated NewsSep 21st, 2021

PayPal launches its ‘super app’ combining payments, savings, bill pay, crypto, shopping and more

PayPal has been talking about its “super app” plans for some time, having recently told investors its upcoming digital wallet and payments app had been given a go for launch. Today, the first version of that app is officially being introd.....»»

Category: gadgetSource:  techcrunchRelated NewsSep 21st, 2021

Twitter proposes a $809 million settlement to end a Securities Exchange Act lawsuit

On Monday, Twitter issued a press release stating that it would settle a 2016 class-action lawsuit for $809.6 million. The suit alleged that the company had misled investors in 2014 about its growth and monthly active user (MAU) count in violation of.....»»

Category: topSource:  techspotRelated NewsSep 21st, 2021

Alternative financing startup Pipe snaps up Stripe and HubSpot execs, expands to UK

Pipe, a two-year-old startup that aims to be the “Nasdaq for revenue,” announced today it has snagged former Stripe EIC Sid Orlando and HubSpot’s ex-Chief Strategy Officer Brad Coffey to serve on its executive team. The Miami-based fintech also.....»»

Category: gadgetSource:  techcrunchRelated NewsSep 21st, 2021

Blackbird.AI grabs $10M to help brands counter disinformation

New York-based Blackbird.AI has closed a $10 million Series A as it prepares to launched the next version of its disinformation intelligence platform this fall. The Series A is led by Dorilton Ventures, along with new investors including Generation V.....»»

Category: gadgetSource:  techcrunchRelated NewsSep 21st, 2021

A startup says its software can spot racial bias within companies. Will this surveillance scare employees?

Employees at Telhio Credit Union are already used to having their internal communications monitored to ensure compliance with US financial rules. But Telhio, which is based in Columbus, Ohio, and has over 250 employees, recently began watching for so.....»»

Category: topSource:  marketingvoxRelated NewsSep 20th, 2021

SEC Regional Director Erin Schneider is joining us at Disrupt

If ever there was a time when working at the Securities and Exchange Commission was a dull affair, that’s no longer true. The federal agency that’s responsible for protecting investors and maintaining fair and orderly functioning of our s.....»»

Category: topSource:  pcmagRelated NewsSep 19th, 2021

Facebook has known for a year and a half that Instagram is bad for teens despite claiming otherwise

Facebook officials had internal research in March 2020 showing that Instagram—the social media platform most used by adolescents—is harmful to teen girls' body image and well-being but swept those findings under the rug to continue conducting bus.....»»

Category: topSource:  theglobeandmailRelated NewsSep 17th, 2021