Amazon has agreed to buy iRobot Corp., the company behind the Roomba robotic vacuum, in a deal worth $1.7 billion. Roomba will be added to Amazon’s already lengthy list of smart home…
Post-Pandemic Travel Boosts Uber and Lyft
Ride-hailing giants Uber and Lyft both reported promising Q2 results this week, as they took advantage of a post-Covid boom in travel. Uber posted its first ever cash-flow positive quarter. The Silicon…
Tesla Sells Off Majority of Bitcoin Holdings
Electric car maker Tesla has ditched 75% of its holdings in Bitcoin, after the cryptocurrency fell in value by more than 50% this year. In February last year Tesla boss Elon Musk…
Musk Attempts to Withdraw from Twitter Deal
Elon Musk will withdraw from his $44 billion agreement to buy social media platform Twitter, the billionaire has stated, although it remains to be seen whether he may yet be forced to…
Amazon and Nike Ponder Peloton Takeover – Reports
Amazon and Nike are contemplating takeovers of the exercise brand Peloton, according to recent reports. Peloton enjoyed soaring sales of its exercise bikes and treadmills during the pandemic as global lockdown measures…
What is a Learning Management System?
Rouben David, of CourseForMe.com, outlines the features and benefits of Learning Management Systems, whose use has become more vital during the COVID-19 pandemic. Learning is a lifetime activity that starts from the…
For Vertical Farms to Succeed, Sensors Must Take Center Stage
Vertical farming—the process of cultivating produce in stacked, indoor shelves, rather than side-by-side in fields—is a fast-growing industry (pardon the pun). Since it was conjured (or revived, depending who you ask) in…
Meesho is SoftBank’s Latest Big Buy
Meesho, India’s largest reselling website, has negotiated a $250 million funding round led by SoftBank’s Vision Fund, the Economic Times has reported. The round, if completed, will value Meesho at between $1.5bn…
GameStop Stock Fiasco Shows Need to Reframe Tech Employment Debate
A raft of market watchdogs has warned investors in GameStop—many of whom are homespun traders using Reddit or Robinhood—may be in danger of breaking the law. Shares in the video gaming retailer…
Chinese Self-Drive Startup Uisee Raises $155m
Uisee, a Chinese autonomous mobility startup, has announced a $155 million funding round, as China continues to dominate emerging markets for self-driving and new-energy vehicles (NEVs). In a signal that China’s Communist…