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The Securities and Exchange Commission has charged bankrupt Lordstown Motors with misleading investors about the sales prospects of its Endurance electric pickup truck. Lordstown has agreed to pay $25.5 million as a result — money that the SEC says will go towards settling a number of pending class action lawsuits against the company. “We allege […]

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I’ve seen enough: the prize for the best use of public domain Mickey Mouse goes to the Jacksonville Jumbo Shrimp. For its public domain theme night, the minor league baseball team will wear jerseys made entirely of iconic images that are no longer protected by copyright: Van Gogh’s “Starry Night,” King Kong, and the earliest […]

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Electric vehicle startup Fisker is planning to lay off 15% of its workforce and says it likely does not have enough cash on hand to survive the next 12 months. The company says it is trying to find a way to raise that money as it works through a pivot from direct sales to a […]

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This week, Dom spoke with Ariel Kaye, the founder of the home lifestyle brand Parachute.

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Over the past couple of years, Nvidia, by far the largest AI chipmaker, has ramped up its investments in startups that propel it deeper into the AI space. According to S&P Global and Crunchbase, the funding and investment database, Nvidia’s startup investments jumped 280% year-over-year from 2022 to 2023, with the company and its VC […]

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If secondary buyers aren’t buying shares at more than a $5 billion valuation, it wouldn’t be wise for Reddit to price its IPO above that.

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Mac and iOS software development company MacPaw is becoming one of the first to publicly adopt Apple’s new DMA (Digital Markets Act) rules in the EU, to offer Setapp, its subscription-based platform of curated apps, to Apple customers on iOS and Mac in the region. The move is notable given the pushback Apple has received […]

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