Uruguayan payments startup dLocal quadruples valuation to $5B with $150M raise
Cross-border payments startup dLocal has raised $150 million at a $5 billion valuation, less than seven months after securing $200 million at a $1.2 billion valuation. This means that the five-year-old Uruguayan company has effectively quadrupled its.....»»
Used vehicle prices will fall 5.7% in 2024, expert says
Jonathan Banks, vice president of product development and valuation services at J.D. Power, said he expects used-vehicle prices will fall more than they did in 2023, but affordability remains an issue for many buyers as prices remain elevated over pr.....»»
After signing Mills group as 1st U.S. dealer, Fisker heads to NADA Show to recruit more
In Fisker's pivot to franchised dealers from direct sales, the EV startup is pursuing dealers, first at an open house and then at the NADA Show......»»
Aptiv Q4 profits soar to $905M amid increased production; Company will stop funding AV startup
The company posted revenue of $4.9 billion and net income of $905 million in its fourth-quarter earnings report amid easing supply side constraints and increased vehicle production......»»
Zuckerberg says sorry for Meta harming kids—but rejects payments to families
CEOs of Meta, TikTok, Snap, Discord, and X testified at hearing on child safety. Enlarge / Mark Zuckerberg discussed Meta's approaches to child safety at the Senate Judiciary Committee hearing January 31, 2024. During a.....»»
Ransomware payments are falling fast as victims refuse to pay
Even those that are paying, are parting with smaller sums as hackers turn to SMBs for ransomware scams......»»
Vroom"s exit from used-vehicle retail follows struggles with too-fast growth, less forgiving market
Efforts by Vroom to raise additional capital to fund its operations were unsuccessful, leading the company to begin winding down its online used-vehicle sales platform on Jan. 22......»»
Stars travel more slowly at Milky Way"s edge: Galaxy"s core may contain less dark matter than previously estimated
By clocking the speed of stars throughout the Milky Way galaxy, MIT physicists have found that stars further out in the galactic disk are traveling more slowly than expected compared to stars that are closer to the galaxy's center. The findings raise.....»»
EV battery startup Our Next Energy gets financing after liquidity crisis
“We were clearly strapped for cash,” said Paul Humphries, who took over the CEO role late last year from founder Mujeeb Ijaz. .....»»
The New RTP Payment Method Is Here
Imagine sending a payment, and it arrives as quickly as a text message. Welcome to the world of real-time payments – a game-changer in financial transactions. This innovative method is changing how we think about money transfers, offering speed.....»»
Netflix will pull cheapest ad-free plan after latest price increases
Netflix raised the ceiling on how much you could spend on a monthly subscription in October. The new high? $23. Now it plans to raise the floor on how much an ad-free plan will cost you. more….....»»
The USPS agrees to buy six Canoo LDV electric vans, delivered by April
The startup also makes NASA's Artemis crew transportation vehicles. Enlarge / Canoo will supply six LDV 190s to the USPS by the end of this quarter. (credit: Canoo) The electric vehicle startup Canoo announced today that.....»»
Tire-changing robot startup files for Chapter 7 bankruptcy liquidation
RoboTire, launched in suburban Detroit in 2018, designed technology to automate tire-changing using a robotic arm......»»
Sheryl Sandberg to Leave Meta Board
Sheryl Sandberg, who had served as COO of Facebook, and then Meta, for 14 and a half years and as a board member for 12 years, will step down in May. Sheryl Sandberg, who helped to transform Facebook from a tech startup into a digit.....»»
TuSimple was once valued at $8 billion. Now it"s delisting from the Nasdaq. What went wrong?
The once darling of the AV startup world has been plagued by internal strife and technological volatility since it went public in 2021......»»
Elizabeth Holmes barred from federal health programs for 90 years
The former Theranos CEO is barred from receiving payments from federal health program. Theranos CEO and founder Elizabeth Holmes. (credit: Max Morse for TechCrunch) Elizabeth Holmes—the disgraced and incarcerated foun.....»»
VinFast U.S. plans rise above early setbacks
The startup is committed to a national dealer network, North Carolina factory and a broad vehicle lineup that will include a pickup and a sub-$20,000 micro car, Chairwoman Le Thi Thu Thuy tells.....»»
Apple lets devs use alternate in-app payment options, still takes commissions
Devs must ask permission to use 3rd-party payments, and Apple still wants a cut. Enlarge (credit: Getty Images | NurPhoto) A chapter in the ongoing Epic v. Apple court case closed yesterday when the US Supreme Court decl.....»»
Fisker faces NHTSA probe over Ocean crossover braking complaints; stock sinks below $1
The EV startup, already struggling with sales and distribution, has received nine complaints alleging loss of braking over low-traction or bumpy roads, NHTSA said. One of the complaints alleges a crash and injury......»»
Bonus second round of AppleCare settlement payments being sent out, here’s why
Back in 2022, Apple began sending customers payments after settling a long-running class action lawsuit over its AppleCare replacement devices. As it happens, the $95 million settlement isn’t done yet as a second round of payments is being sent now.....»»
Why I hope the Atari 400 Mini will bring respect to Atari’s most underrated platform
Can USB, HDMI, and built-in games raise awareness for a platform overshadowed by the C64? Enlarge / Retro Games' THE400 Mini console. (credit: Retro Games / Benj Edwards) Last week, UK-based Retro Games, Ltd. announced a.....»»