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Netflix to Introduce Ad-Tier Service This Year

October 14, 2022

Netflix has launched a new, cheaper streaming option which includes adverts, as it fights to maintain subscriber numbers.  The plan will be rolled out in 12 countries including the U.S., the U.K.,…

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Lyft, Uber and DoorDash Shares Tumble Following Federal Gig Worker Proposal

October 12, 2022

Share prices of Uber, Lyft and DoorDash dropped heavily on Tuesday after the United States Department of Labor announced a proposal to change the way workers are classified, something that would drastically…

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Judge Says Twitter v Musk Trial On Schedule Despite Deal U-Turn 

October 6, 2022

Kathleen McCormick, the judge overseeing the Twitter v Elon Musk trial, says the case is still set to go ahead later this month, despite Musk’s apparent willingness to now complete his deal…

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Intel’s Self-Driving Tech Company Mobileye Files For IPO 

October 3, 2022

Mobileye, the self-driving technology company owned by Intel, has filed for an IPO.  An SEC filing shows the Israel-based company, which was acquired by Intel for $15.3 billion in 2017, intends to…

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Google to Shut Down Stadia 

September 30, 2022

Google has announced it is shutting down its cloud gaming service Stadia, just three years after its launch.  The service was touted as a “Netflix for games” and allowed gamers to stream…

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Tesla Told to Recall 1.1 Million Cars Over Windows 

September 23, 2022

Tesla has been forced to recall nearly 1.1 million cars in the United States, because the windows may close too fast and catch people’s fingers.  Regulators in America said the windows may…

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Meta Reportedly Looking to Cut Costs by 10% 

September 22, 2022

Meta, the parent company of Facebook, is looking to cut costs by 10% or more over the coming months, according to a report by the Wall Street Journal.  As part of those…

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YouTube’s ‘Not Interested’ Button Barely Works – Report 

September 20, 2022

YouTube’s “not interested” and “dislike” buttons barely work, according to a new study by Mozilla.  When users tell the video platform they don’t want to watch certain videos using the buttons, they…

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Adobe Announces $20bn Deal to Buy Figma

September 15, 2022

Adobe has announced it will acquire the design platform Figma in a deal worth around $20 billion in cash and stock.  Figma, which creates cloud-based design software that enables collaboration in real…

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Cruise to Launch Robotaxi Service in Phoenix and Austin 

September 13, 2022

Autonomous vehicle company Cruise, which is owned by General Motors, is to launch a robotaxi service in Phoenix, Arizona and Austin, Texas before the end of the year, the company has announced. …

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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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