July 2023

ForwardX this week announced an additional $30 million in funding, bringing the Beijing-based firm’s Series C up to $61 million. The funding follows an initial tranche announced way back in December 2021. It brings the warehouse robotics firm’s total funding up to $140 million since its 2016 launch. The last few years have been a […]

There’s a big problem with glorifying KPIs — or at least relying on them too much. And too many companies today are falling into this trap.

A Created to ensure open and free access to the internet, Snowflake saw a huge uptick in users during the start of the Ukraine War and has grown even more since then. Started as an open source project by Serene (who goes by her first name only for privacy reasons), Snowflake, which began as a […]

This year, the market’s performance has been heavily influenced by the so-called Magnificent Seven companies: Tesla, Apple, Amazon, Microsoft, Nvidia, Google, and Meta. As these companies make up a significant…

It was day 76 of the Hollywood writers’ strike, and once again, comedian Chris Stephens journeyed out to the picket line. But when he arrived in front of Universal Studios, he noticed something odd. The trees outside the studio — which offer a rare bit of shade from the brutal Los Angeles sun — had […]

A judge ruled that the crypto token does not make up illegal securities sales, but only in some cases.

WhatsApp, the Meta-owned ubiquitous messaging app, is inaccessible to many users around the globe due to a “major disruption.” Tens of thousands of users are reporting issues sending and receiving messages on the social app, used by over 2 billion users each month. The outage started at around 1.15 p.m. Pacific time, according to user […]

Tesla reported Wednesday net income of $2.7 billion in the second quarter, up 20% from the same period last year as once again, the company’s EV price cuts dug into profits. The automaker has repeatedly reduced the cost of its four EV models in the United States, Mexico, Europe and China. The move helped boost […]

Tesla’s solar installations are still slipping, the company told investors on Wednesday. The automaker reported 66 megawatts-worth of solar deployments during its second quarter of 2023, representing a 1 MW decline from the first quarter and a 40 MW decline from the second quarter of 2022. In other words, Tesla solar installations fell by roughly […]

A year ago today, Netflix reported its largest quarterly loss ever, with 970,000 subscribers dropping the service. The company has since crawled out from under the rubble. Netflix revealed Wednesday that, for the second quarter of 2023, the streaming giant saw a jump (or should we say leap) in 5.9 million global subscribers, bringing the […]