Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take it public through a merger. The development is a major setback for the prominent hedge fund manager who had initially… Continue reading Billionaire investor Bill Ackman to wind up SPAC, return $4b to investors
Category: Tech News
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Temasek’s push for a net-zero portfolio
With at least 50 investments in startups across Asia, the US, Europe, and Australia, Temasek Holdings has continued to be one of the most active state investors, amid a year of market volatility and broad economic uncertainty. While the cheque sizes and investment stages that the Singapore state investor participated in varied, it appears to… Continue reading Temasek’s push for a net-zero portfolio
Vietnamese e-commerce firm Sendo raises $57m via convertible loans since 2020
Vietnam-based e-commerce firm Sendo has raised about $56.7 million through convertible loans since 2020, per its latest financial statements reviewed by DealStreetAsia. In 2021, the company issued two tranches of convertible notes to investors including Econtext Asia Limited — a subsidiary of the Japanese payments and e-commerce solutions firm Digital Garage Group — SBI Holdings’… Continue reading Vietnamese e-commerce firm Sendo raises $57m via convertible loans since 2020
This remote keyfob hack may leave the past decade of Hondas vulnerable
Security researchers and The Drive’s Rob Stumpf have recently posted videos of themselves unlocking and remotely starting several Honda vehicles using handheld radios, despite the company’s insistence that the cars have security protections meant to stop attackers from doing that very thing. According to the researchers, this hack is made possible because of a vulnerability… Continue reading This remote keyfob hack may leave the past decade of Hondas vulnerable
Battery recycling could be the next investor darling of the EV era
Automakers and suppliers, keen to fortify an EV supply chain and avoid raw materials shortages, are turning to a domain once overlooked: battery recycling. Suddenly awash in interest from EV makers and venture firms, the sector has seen a spate of partnerships and funding deals in the past 18 months. The momentum appears to be… Continue reading Battery recycling could be the next investor darling of the EV era
Here’s where Tesla’s recently laid-off talent is going
Tesla has been laying off thousands of employees over the last month, and a survey of where they are going has yielded interesting results. Where they are not going is just as interesting. Last month, we reported on Elon Musk telling Tesla executives in an email that they need to cut 10% of the workforce and pause… Continue reading Here’s where Tesla’s recently laid-off talent is going
Need to register a leased Tesla in a different US state? Here’s what to know
I moved to a different state, and it took nearly three months to complete the registration of my leased Tesla Model 3. Here’s what to know. Registering a leased Tesla in a different state I leased my first Tesla, a Model 3, in June 2021. In spring 2022, we moved from Florida to Vermont. We… Continue reading Need to register a leased Tesla in a different US state? Here’s what to know
Rivian reportedly considers laying off 700 employees
Electric automaker Rivian is considering laying off around 5 percent of its 14,000 employees, or around 700 people, according to a report from Bloomberg. The report notes that, while nothing has been officially decided or announced yet, the company is mainly looking to remove jobs that were added as it scaled up and that aren’t… Continue reading Rivian reportedly considers laying off 700 employees
Best Air Purifiers For Allergies in 2022
The best air purifiers for allergies make breathing a bit easier for those with sensitivity to pollen, dust, and other indoor particulate matter. So many things can affect the quality of air in your home, including smoke, pets, plant pollen, and a handful of harmful airborne allergens and pathogens. Luckily, puffy eyes, sniffly noses, and… Continue reading Best Air Purifiers For Allergies in 2022
If This Leak Is Real, Uber Is in Huge Trouble
In a surprise to absolutely no one, oft-troubled rideshare app Uber is in hot water once again — and this time, powerful friends of the Silicon Valley giant, including French President Emmanuel Macron, might be going down too. Dubbed the Uber Files, a massive data leak — obtained by The Guardian and shared with over… Continue reading If This Leak Is Real, Uber Is in Huge Trouble