World Bank Group member International Finance Corporation (IFC) has proposed to invest up to $50 million in the latest mid-market private equity fund of Lighthouse Funds, according to a disclosure. The proposed investment is for Lighthouse India Fund IV AIF, an India-focused vehicle that targets to raise $400 million in total commitments. IFC is also… Continue reading IFC likely to invest $50m in Lighthouse’s latest India-focused fund
Category: Tech News
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Roomster sued by the FTC and six state AGs for fake listings and fake app store reviews
The Federal Trade Commission (FTC), along with six states, filed a lawsuit against John Shriber and Roman Zaks, owners of the room renting and roommate finder platform Roomster, for allegedly defrauding consumers, accusing them of paying people for fake reviews and listings on their site. The agency says that the “deceptive tactics” violated the FTC… Continue reading Roomster sued by the FTC and six state AGs for fake listings and fake app store reviews
Lyft sued by drivers, passengers claiming company failing to protect users from assault
Lyft is facing a fresh batch of lawsuits from drivers and passengers who say they were sexually and physically assaulted during rides and accused the ride-hailing company of failing to protect its users. Seventeen lawsuits were filed in Arizona, California, Connecticut, Illinois, Kentucky, Michigan, Ohio, Oregon, Texas, Virginia and Wisconsin, according to Peiffer Wolf Carr… Continue reading Lyft sued by drivers, passengers claiming company failing to protect users from assault
The 5 best home EV chargers of 2022
Sure, you use public charging stations when you’re out and about or on a road trip, but the experience of owning an electric vehicle (EV) improves dramatically when you can recharge on your own schedule, without having to worry about finding a place to plug in moving your car when it’s done charging. A personal… Continue reading The 5 best home EV chargers of 2022
Save $250 on the Sandisk 4TB portable SSD
SanDisk As a traveler, it’s hard to find the storage I need without worrying about potential damage to my tech. Whether it’s rain, snow, or other inclement weather, keeping files safe has always been dicey — until the release of the Sandisk 4TB portable SSD. It’s usually rather expensive at $699, but right now you… Continue reading Save $250 on the Sandisk 4TB portable SSD
Toyota changes tune on EV demand, triples funding for US battery plant
In a strange series of events, Toyota is changing its stance on electric vehicles as the Japanese automaker announced Wednesday it will be tripling its planned investment in its new battery manufacturing plant in North Carolina. Not even a week after Toyota’s Executive Vice President, Jack Hollis, claimed that “the consumer isn’t demanding (EVs) at… Continue reading Toyota changes tune on EV demand, triples funding for US battery plant
Tesla (TSLA) is facing ‘unprecedented demand’
Tesla is currently facing an “unprecedented demand,” according to a Wall Street analyst after a visit with management at Gigafactory Berlin. Despite the price for its electric vehicles going up significantly this year, there have been many indications that Tesla is experiencing strong demand. We reported on Tesla’s order rate surging to record highs in… Continue reading Tesla (TSLA) is facing ‘unprecedented demand’
Crypto.com Accidentally Sends Woman $7 Million, Sues Her to Get It Back
Yep, these are the same guys who renamed the Staples Center. Smooth Moves After sending a Melbourne woman the equivalent of around $7 million USD by mistake, the historically cringe crypto exchange Crypto.com has won a lawsuit against the accidental millionaire to get some of those funds back. But retrieving the cash won’t be that… Continue reading Crypto.com Accidentally Sends Woman $7 Million, Sues Her to Get It Back
The FTC May (Finally) Protect Americans From Data Brokers
On August 29, the Federal Trade Commission announced it had filed a landmark lawsuit against data broker Kochava for “selling geolocation data from hundreds of millions of mobile devices” that can be used to trace individuals’ time-stamped movements to sensitive locations. These include reproductive health clinics, places of worship, addiction recovery centers, and shelters for… Continue reading The FTC May (Finally) Protect Americans From Data Brokers
Microsoft found a severe one-click exploit in TikTok’s Android app
A serious vulnerability found by Microsoft in the TikTok Android app could have allowed hackers to hijack millions of accounts. On Wednesday, the company’s 365 Defender Research Team detailed a one-click exploit it informed TikTok of in February. The good news is that the social media company promptly patched the vulnerability before today’s disclosure and… Continue reading Microsoft found a severe one-click exploit in TikTok’s Android app