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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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Nikola Founder Faces Trial Over Alleged Fraud 

September 12, 2022

The trial of Trevor Milton, the founder of electric truckmaker Nikola Motor accused of fraud and securities fraud, has begun. Prosecutors allege Milton exaggerated the company’s technology which led to huge losses…

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Cinema Giant Cineworld Files for Bankruptcy Protection 

September 8, 2022

The second largest cinema chain in the world, the U.K.’s Cineworld, has filed for bankruptcy protection in the United States.  The group runs 751 movie theaters in the world, including more than…

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Porsche to Go Ahead with IPO 

September 6, 2022

The iconic automaker Porsche is to go public in the next few weeks, despite turbulent economic conditions putting off other major deals.  Volkswagen first contemplated spinning off Porsche in February, just before…

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Twitter Finally Adds Edit Button 

September 2, 2022

For many years users of the social media platform Twitter have asked for one thing, an edit button. Finally, the company is giving in to the pressure, and will trial the new…

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Snap cuts 20% of Workforce in Restructuring Effort 

September 1, 2022

Snap, the maker of the messaging app Snapchat, will cut a fifth of its workforce and scrap a host of new projects, as the company looks to recover from a year of…

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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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