Technology
Musk met Twitter execs for 3 days before making a bid, unclear if they discussed bots
Elon Musk has said he won’t move forward with his $44 billion Twitter acquisition until he has more details about fake accounts on the platform, but he met with the company’s top brass for three days to discuss its business before he publicly announced his bid, according to a new securities filing. The filing with […]
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We can become one of the world’s biggest companies, says CEO of Amazon freight rival
Freight is a trillion-dollar industry, and it has not moved with the speed of the 21st century, long reliant on ledgers, email and (even) phone calls to communicate. But there is a new generation of start-ups using technology to tackle the biggest issues in a complex global supply chain, ten of which made the 2022 […]
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Netflix lays off 150 employees as the streaming service contends with big subscriber losses
Netflix’s revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors. Aaronp/bauer-griffin | Gc Images | Getty Images Netflix is laying off around 150 employees across the company, […]
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Ford-backed robotaxi start-up Argo AI is ditching its human safety drivers in Miami and Austin
Argo AI begins driverless operations in Miami and Austin. Courtesy: Argo AI Robotaxi start-up Argo AI said Tuesday it has begun operating its autonomous test vehicles without human safety drivers in two U.S. cities — Miami and Austin, Texas — a major milestone for the Ford- and Volkswagen-backed company. For now, those driverless vehicles won’t […]
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Twitter loses three more senior employees ahead of Musk deal
The official profile of Elon Musk on the social network Twitter. Rafael Henrique | Lightrocket | Getty Images Three more senior employees are leaving Twitter ahead of Elon Musk’s anticipated buyout, CNBC confirmed Tuesday. Ilya Brown, vice president of product management; Katrina Lane, vice president of Twitter Service; and Max Schmeiser, head of data science […]
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22. Tala
Founder: Shivani Siroya (CEO)Launched: 2014Headquarters: Santa Monica, CaliforniaFunding: $362.1 millionValuation: $800 million (PitchBook)Key technologies: Machine learningIndustry: FintechPrevious appearances on Disruptor 50 List: 2 (No. 20 in 2021) Fintech start-up Tala is continuing its mission to improve the financial health of underserved and underbanked populations. Founded in 2011 by Shivani Siroya, the Santa Monica-based company uses its mobile […]
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Silicon Valley supply chain fixer Flexport tops the 2022 CNBC Disruptor 50 list
After a year in which supply chain bottlenecks roiled the global economy, Flexport, which uses technology to improve supply chains, reaches the top of the CNBC Disruptor 50 list. Freight forwarding, the official name for the industry Flexport is disrupting, is the centuries-old, trillion-dollar global business of matching companies that make stuff with companies that […]
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Crypto industry wields its influence in Washington after pouring over $30 million into campaigns
U.S. Rep. Ritchie Torres, D-N.Y., called on New Yorkers to support the cryptocurrency market in a March op-ed in the New York Daily News titled, “A liberal case for cryptocurrency.” “With a multi-billion dollar market capitalization, crypto is here to stay. It’s not going anywhere. New York City should and must embrace crypto if it […]
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Coinbase to slow hiring amid plunge in cryptocurrencies and tech stocks
Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase has become the latest tech company to warn of a slowdown in hiring. The crypto exchange told staff Tuesday it would slow hiring and reevaluate its headcount, reversing earlier plans to triple its […]
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Elon Musk blasts Joe Biden, says he has failed to get much done
Elon Musk arrives for the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022, in New York. Angela Weiss | AFP | Getty Images Tesla CEO Elon Musk blasted Joe Biden during an interview this week, saying the president is someone who just reads off a teleprompter and that his administration […]
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