Australian digital payment and lending firm Latitude Group Holdings on Friday terminated its A$335 million ($235.97 million) offer to buy Humm Group Ltd’s consumer unit that includes its buy now, pay later (BNPL) business. Shares of Humm Group fell as much as 11.3% to A$0.510, hitting their lowest since March 2020 and extending losses to… Continue reading Australia’s Latitude Group terminates buyout offer for Humm’s BNPL business
Category: Tech News
Category Added in a WPeMatico Campaign
SpaceX reportedly fired employees behind letter criticizing Elon Musk
SpaceX has fired employees who participated in writing and distributing an open letter criticizing Elon Musk, The New York Times has reported. First revealed yesterday, the letter called Musk’s behavior on social media “a frequent source of distraction and embarrassment” and asked SpaceX to condemn his actions. According to three unnamed employees and an email… Continue reading SpaceX reportedly fired employees behind letter criticizing Elon Musk
Snapchat starts testing a paid subscription tier
Snap has started testing a paid subscription tier for Snapchat that will give users early access to new features, a company spokesperson has confirmed to The Verge. “We’re doing early internal testing of Snapchat Plus, a new subscription service for Snapchatters. We’re excited about the potential to share exclusive, experimental, and pre-release features with our… Continue reading Snapchat starts testing a paid subscription tier
India Digest: FanClash snags funds; Innoviti raises more capital for Series D
India’s esports startup FanClash and payments player Innoviti have announced new fundraising. FanClash raises $40m from Sequoia, others India’s esports startup FanClash has raised $40 million in its Series B round from Sequoia Capital India, Alpha Wave Ventures (formerly known as Falcon Edge), Info Edge India and Matic Networks. The firm raised $10 million in… Continue reading India Digest: FanClash snags funds; Innoviti raises more capital for Series D
Sequoia Capital India grapples with fallout from governance snafus
Sequoia Capital’s India partners, caught out early this year by governance scandals at startup companies in its portfolio, assured investors at an April meeting in London that these “lowlights” were mostly behind it, according to three people familiar with the discussions. But two months later, Sequoia, a major venture capital player in India, is still… Continue reading Sequoia Capital India grapples with fallout from governance snafus
Chinese VC Xiang He Capital in the market to raise third USD fund …
Chinese venture capital firm Xiang He Capital has hit the market to raise its third USD-denominated fund, its filing with the US Securities and Exchange Commission (SEC) showed. The filing for Xiang He Fund III comes about three years after the firm, established in 2016 by former Baidu investment executives Hesong Tang and Maggie Yang,… Continue reading Chinese VC Xiang He Capital in the market to raise third USD fund …
Sony, Honda Motor sign JV to sell electric cars by 2025
Japan’s Sony and Honda Motor on Thursday officially agreed to an equally owned joint venture that will start selling electric cars in 2025. Honda, like bigger rival Toyota Motor, has been slower to shift to electric vehicles (EV) than global automakers and is under pressure from investors to make cars that are carbon-free and equipped with newer technology such as self-driving features. The car maker, which only offers… Continue reading Sony, Honda Motor sign JV to sell electric cars by 2025
Clean Technica: Bloomberg Thinks Volkswagen Could Sell More EVs Than Tesla By 2024002053
Bloomberg Intelligence thinks that Volkswagen could sell more electric vehicles (EVs) than Tesla by 2024, but that even if this does happen, Tesla will still be a key leader in the industry. Volkswagen has been saying this for a while now, and one thing that is for sure is that both companies will be key… Continue reading Clean Technica: Bloomberg Thinks Volkswagen Could Sell More EVs Than Tesla By 2024002053
Cleantechnica: Florida & Maryland Seem To Be Next For Tesla Insurance 002052
Maryland and Florida could be next in line for Tesla Insurance, according to a few reports. Teslarati has reported that the services are being expanded to Maryland and added that the Maryland Insurance Administration told them that the Balboa Insurance Company had changed its name to Tesla Insurance earlier this year. This was an early hint… Continue reading Cleantechnica: Florida & Maryland Seem To Be Next For Tesla Insurance 002052
Clean Technica: Tesla FSD Beta 10.12.2 Drives For 1 Hour With No Interventions Or Disengagements002051
YouTuber Frenchie recently took his Tesla Full Self-Driving (FSD) Beta 10.12.2 on a drive for an hour, and there were zero interventions or disengagements. Tesla’s FSD keeps getting better and better, according to this bet tester. Although, it should be noted that it is still in beta. This means that owners still need to be… Continue reading Clean Technica: Tesla FSD Beta 10.12.2 Drives For 1 Hour With No Interventions Or Disengagements002051