Y Combinator’s police surveillance darling Flock Safety raises $275M at $7.5B valuation
Flock Safety and one of its long-time VCs, Bedrock Capital, announced Thursday that the startup raised a fresh $275 million at a $7.5 billion valuation. Flock makes computer vision-enabled video surveillance technology used by law enforcement as well as businesses, property management companies, and so on. It’s best known for its automatic license plate recognition […]
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Holmes and Balwani’s appeal falls flat as court upholds fraud convictions
Elizabeth Holmes and Ramesh “Sunny” Balwani’s appeals to overturn their fraud convictions and reduce their prison sentences were denied Monday by the Northern District Court of California, which also refused to soften their $452 million joint restitution order. Holmes, the founder of Theranos, and Balwani, its former COO, were convicted in separate trials in 2022 […]
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Apple exec Phil Schiller testifies that he raised concerns over App Store commissions on web-based sales
Apple Fellow Phil Schiller, the executive in charge of leading the App Store, testified in court on Monday that he had originally raised concerns about the 27% commission the iPhone maker planned to charge app developers on any purchases made outside the App Store. In addition to being a potential compliance risk, he suggested that […]
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MacKenzie Scott’s Nearly $20 Billion in Donations Has Had a ‘Transformative Effect,’ According to a New Study. Here’s How.
DOGE’s HR email is getting the ‘Bee Movie’ spam treatment
Over the weekend, Elon Musk surveyed his followers on X — the platform he spent $44 billion to buy — asking whether federal employees should be required to send his team an email with a list of five things they accomplished this week. With the yes votes totaling over 70%, Musk followed through. Federal employees […]
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