Tag: Startup

The former COO of disgraced blood testing startup Theranos, Ramesh “Sunny” Balwani was sentenced to 155 months, or about 13 years, in prison, and three years of probation. After a three-month trial, Balwani was found guilty on all 12 criminal charges, ranging from defrauding patients and investors to conspiring to commit fraud. Theranos CEO Elizabeth…

In 2018, appliance conglomerate Bosch created a startup, Security and Safety Things (or “SAST” for short), whose stated mission was to develop a platform to help developers create software for AI-equipped cameras. SAST was to host a moderated, vetted “app store” for internet-connected cameras that would allow developers to build software on an open standard…

Fintech was hot in 2021, but looking back on it … maybe too hot? The sector exploded last year, seeing record investment — $132 billion globally, according to CB Insights — with many startups reaching lofty valuations, including Stripe at $95 billion, Klarna at $45 billion and Plaid at $13 billion. While these companies have…

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Meta employees were told that they should not discuss sensitive issues like abortion, gun control, pending legislation and vaccine efficacy at work. Fortune reported on these changes, citing a leaked internal memo from Lori Goler, head of people at Meta. TechCrunch confirmed the report with a Meta spokesperson. “As Mark mentioned recently, we need to…

Share to FacebookShare to TwitterShare to LinkedinTopline Tesla’s shares fell in early trading on Monday following reports that the company will slash production of the Model Y from its Shanghai plant as the electric vehicle maker faces a slump in demand in China—a critically important market for the company as it makes broader efforts to…

Aigens, a Hong Kong-based startup that provides online ordering and marketing tools for the food and beverage industry, picked up a fresh $14 million Series A funding round led by Ant Group, the fintech behemoth affiliated with Alibaba, the company announced Monday. The capital infusion from Ant came at a time when the Chinese fintech…

The property industry now requires high quality photographs, floor plans and virtual tours, so the industry for software providers in the space is booming. The whole are was accelerated during the pandemic when many property viewings migrated from physical to virtual, and this trend has continued to tick upwards. Players in the space include Walnut,…

Investors sold more of their stocks than they purchased in November as they sought to lower their risk amid volatility in the market, according to data from TD Ameritrade. “There has been a broad deleveraging across the Street,” Alex Coffey, market strategist at TD Ameritrade, told TheStreet. “Our clients were reactive to the overall market.” The…

Tesla dominates the electric vehicle market.  Although the market share of Elon Musk’s group has declined in recent years as most legacy carmakers now offer electric models, the manufacturer of the Model Y and Model S remains the benchmark for green vehicles. You just have to see that the upstarts are trying to position themselves…