October 2023

Sequoia faces Congressional scrutiny over investments in China

October 18, 2023

One of Silicon Valley’s most prominent investment firms will face government scrutiny over its investments in China. Sequoia Capital has received a polite but pointed request from Congress to enter into more detail on how it will prevent further U.S. investment dollars from advancing Chinese interests. Sequoia announced in June that it would be splitting […]

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Tesla Cybertruck deliveries set for Nov 30

October 18, 2023

Tesla has finally set a date for the first deliveries of the Cybertruck. CEO Elon Musk posted on social media Wednesday that the Cybertruck delivery event, which traditionally means a few select customers get to take possession of their vehicles, will be held November 30 at company’s Austin gigafactory. The news of the delivery event […]

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Reddit may have killed Apollo, but the developer’s Pixel Pals app has hit ~50K subscribers

October 18, 2023

The shutdown of the third-party Reddit app, Apollo, hasn’t stopped developer Christian Selig from continuing to publish iOS apps. Instead, he’s moved on to an Apollo spin-off app called Pixel Pals, which puts cute little virtual pets on top of your iPhone’s Dynamic Island — that is, the black bar at the top of the […]

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Tesla’s solar business is tanking but energy storage is making up for it

October 18, 2023

By the megawatt, solar installations are outpacing other energy sources in the U.S. this year — but you wouldn’t know it judging from Tesla’s latest reports. Once among the top three residential installers in the nation, Tesla’s solar business is in decline. In the third quarter, the automaker’s solar deployments slipped 48% from the same […]

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Tesla Q3 profit falls 44% on EV price cuts

October 18, 2023

Tesla’s decision to slash EV prices put pressure on margins, causing profits to fall 44% in the third quarter from the previous year. The automaker missed Wall Street estimates on revenue and earnings. Shareholders seemed to have braced for Tesla’s earnings earlier in the day, with shares closing down 4.78% to $242.68. Shares have risen […]

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Should You Invest in Treasury Bonds?

October 18, 2023
Most investors have long considered Treasury bonds a safe and reliable investment option. They are backed by the full faith and credit of the U.S. Government and are often used…

Meta is bringing its Telegram-like broadcast channels to Facebook and Messenger

October 18, 2023

Meta is bringing its Telegram-like “broadcast channels” feature to Facebook and Messenger after rolling it out to Instagram and WhatsApp earlier this year. The company announced today that the feature is coming to the two platforms in the coming weeks. The feature lets creators and public figures share one-to-many messages to directly engage with their […]

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FTX misused customer funds, accounting expert who assisted in Enron prosecution testifies

October 18, 2023

The Sam Bankman-Fried trial is 11 days in and witnesses continue to take the stand on behalf of the prosecution’s case. The defamed former co-founder of FTX and Alameda is on trial for seven criminal charges related to fraud and money laundering. On Wednesday, Peter Easton, an accounting professor at University of Notre Dame, testified […]

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