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U.S. Scientists Make Nuclear Fusion Breakthrough 

December 13, 2022

Scientists at the National Ignition Facility at the Lawrence Livermore National Laboratory in California have reportedly made a breakthrough in their mission to unlock the potentially limitless energy of nuclear fusion, by…

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Apple Announces iCloud Backup Encryption 

December 8, 2022

Apple has announced it will offer users the ability to encrypt iCloud data on its servers, including backups, photos and notes. The new feature, called Advanced Data Protection, will prevent Apple from…

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Meta Oversight Board Criticizes Company Over VIP Moderation Treatment

December 6, 2022

Meta, the parent company of Facebook, has been recommended by its own Oversight Board that its system of applying different moderation rules to VIP users risks harming everyday users.  A nearly-50-page advisory…

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Retailers Set New Black Friday Sales Record 

November 28, 2022

Retailers in the United States enjoyed record-setting online sales on Black Friday, despite concerns over inflated prices and a looming recession.  Consumers spent $9.12 billion on Friday, according to Adobe Analytics, an…

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Twitter Closes Offices Following Musk Ultimatum 

November 18, 2022

Twitter has closed its offices until next week, amid reports that hundreds of employees have resigned following an ultimatum by new owner Elon Musk.  Employees at the company were told offices would…

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Amazon Reportedly Begins Worker Layoffs 

November 16, 2022

Amazon has begun laying off employees, amid reports this week that the tech giant is planning to cut 10,000 jobs.  LinkedIn posts by workers affected by the cuts were first reported on…

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Hiring Freezes and Workforce Cuts Hit Tech Companies Hard 

November 4, 2022

Several prominent technology companies have announced either hiring freezes or significant cuts in workforce this week, as the industry continues to grapple with difficult economic conditions.  Social media giant is said to…

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Microsoft and Alphabet Report Disappointing Q3 Earnings

October 26, 2022

Tech giants Alphabet and Microsoft both posted disappointing third quarter earnings reports this week, proof that even the largest companies in the sector are not immune to the current global economic strife. …

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Musk Plans to Cut 75% of Twitter Workforce if Deal Completed — Report 

October 21, 2022

Elon Musk plans to cut the workforce of Twitter by 75% if he finalizes his deal to buy the company, according to a report from the Washington Post.  Twitter has already announced…

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Netflix Stock Jumps as Subscriber Numbers Beat Expectations 

October 20, 2022

Shares in Netflix jumped this week after the streamer revealed it added more than 2.4 million subscribers in the third quarter, putting an emphatic end to a streak of customer losses.  The…

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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