Sharing another person’s ‘live location’ is now prohibited. In November, as an example of his commitment to free speech, Elon Musk promised that he wouldn’t ban an account that tracked his private jet despite claiming it was a “direct personal safety risk.” Today, that account was suspended. Then restored. Then suspended again. It’s not yet… Continue reading Twitter conveniently reveals a location sharing policy amid Elonjet controversy
Category: Tech News
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Here’s everything Sam Bankman-Fried is accused of by the US government
The former executive faces both criminal and civil charges. On Monday evening, Bahamian authorities arrested FTX founder and former CEO Sam Bankman-Fried at the request of the US government. The following morning, the Securities and Exchange Commission (SEC), Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) filed formal civil and criminal charges against… Continue reading Here’s everything Sam Bankman-Fried is accused of by the US government
Court temporarily blocks NYC Uber drivers’ scheduled pay raise
The rate increase was scheduled to go into effect on December 19th. New York City Uber drivers won’t get a raise before the holidays after all. On Tuesday evening, a Manhattan Supreme Court justice granted Uber’s request for a temporary restraining order on drivers’ rate hikes scheduled to go into effect on December 19th. New… Continue reading Court temporarily blocks NYC Uber drivers’ scheduled pay raise
South Carolina EV battery recycling plant could salvage parts for a million cars a year
Redwood Materials’ Charleston hub will help make EVs more eco-friendly. The push to recycle electric vehicle batteries just gained some momentum. Redwood Materials has unveiled plans to build an EV battery recycling plant on the outskirts of Charleston, South Carolina. The roughly 600-acre facility (previewed in a render above) will break “end-of-life” batteries down to… Continue reading South Carolina EV battery recycling plant could salvage parts for a million cars a year
Indonesia sees tepid appetite for mega tech listingsSmaller tech companies with positive cash flows will be likely IPO candidates next year.
Smaller tech companies with positive cash flows are likely candidates to tap the Indonesian Stock Exchange (IDX) to raise capital next year as the overall market conditions continue to be tepid for blockbuster listings. The two mega IDX listings – GoTo and Bukalapak – have also not been able to build confidence for bigger IPOs… Continue reading Indonesia sees tepid appetite for mega tech listingsSmaller tech companies with positive cash flows will be likely IPO candidates next year.
Crypto boom helped SG’s Coinhako post over 10x revenue growth in 2021
Singapore-based cryptocurrency exchange Coinhako’s revenue surged over ten times last year as it rode a marketwide boom, show its recent regulatory filings. Founded in 2014, Coinhako is one of the oldest crypto platforms in the Asia Pacific. Users can buy or sell cryptocurrencies such as Bitcoin and Ethereum on its platform via bank transfers and… Continue reading Crypto boom helped SG’s Coinhako post over 10x revenue growth in 2021
China venture capital deals seen recovering from 3-year lows
Venture capital investment in China will likely recover gradually in 2023 after a year of battering by the country’s severe pandemic controls, a share market slump and China-U.S. tension, dealmakers and investors said. As COVID-19 restrictions come off, boosting the economy and maybe the share market, the number of deals should rise, they said. The… Continue reading China venture capital deals seen recovering from 3-year lows
Singapore’s PSA mulls 20% stake sale in CK Hutchison’s port business
Singapore state-controlled port operator PSA International is considering selling its 20% stake in the port business of Hong Kong conglomerate CK Hutchison Holdings Ltd., according to people close to PSA’s controlling shareholder Temasek Holdings. PSA is reviewing its portfolio against the backdrop of geopolitical change and declining global trade demand, the sources said. The evaluation… Continue reading Singapore’s PSA mulls 20% stake sale in CK Hutchison’s port business
Blume Ventures’s Sanjay Nath expects India’s funding winter to end mid-2023
Even as deal activity has staggered globally, early-stage investor Blume Ventures, which has backed the likes of Dunzo and Unacademy, raised a whopping $250 million for its fourth India-dedicated fund, more than double the size of its previous fund. “India is all about strong fundamentals, which may have been mispriced or overpriced, but that doesn’t… Continue reading Blume Ventures’s Sanjay Nath expects India’s funding winter to end mid-2023
Why the SPAC route makes sense for Getaround
The SPAC route to listing on public markets was incredibly popular in 2020 and 2021, but many companies that took this avenue didn’t exactly fare well after going public. So why did consumer car rental marketplace Getaround decide to list by merging with a blank-check company? To answer that question, we need to take a… Continue reading Why the SPAC route makes sense for Getaround