Others

Threads doesn’t deserve my FOMO, but here we are

July 7, 2023

Be still, my heart. No matter how much FOMO you feel, do not burden me with another social network. Yet, resisting the latest fad app is proving tougher than I thought. Meta (a.k.a. Facebook) is being uncharacteristically smooth in its launch strategy for Threads, the millionth Twitter clone and current number-one app in Apple’s app […]

Threads doesn’t deserve my FOMO, but here we are by Harri Weber originally published on TechCrunch

EU’s competition unit takes a deeper look at Amazon’s iRobot acquisition

July 7, 2023

Amazon’s planned acquisition of iRobot is now under in-depth antitrust scrutiny in the European Union. The $1.7BN deal for the ecommerce behemoth to pick up the robot vacuum maker, announced just under a year ago, was cleared by competition regulators in the UK last month. But EU regulators are now stepping in for their own […]

EU’s competition unit takes a deeper look at Amazon’s iRobot acquisition by Natasha Lomas originally published on TechCrunch

EV truck maker Nikola fails again to secure enough shareholder support to issue more shares

July 6, 2023

Nikola failed for the second time since June to get enough shareholders to vote on a proposal that would allow the EV truck maker to issue more shares in a bid to raise more capital. The company said Thursday it adjourned its annual meeting of shareholders until August 3 when it will try once more […]

EV truck maker Nikola fails again to secure enough shareholder support to issue more shares by Kirsten Korosec originally published on TechCrunch

In-space propulsion developer Benchmark Space Systems closes $33M in new funding

July 6, 2023

Benchmark Space Systems, a Vermont-based developer of in-space propulsion products, has raised $33.2 million in new funding, according to a filing with the U.S. Securities and Exchange Committee. The Series B capital will be used to help the company manufacture at-scale and deliver on the more than 220 propulsion systems in its backlog, Benchmark CEO […]

In-space propulsion developer Benchmark Space Systems closes $33M in new funding by Aria Alamalhodaei originally published on TechCrunch

Deel under fire for alleged questionable hiring practices, advice to other companies

July 6, 2023

A California Senator is urging the state’s Labor and Workforce Development Agency to conduct an investigation into the business practices of fintech turned HR startup Deel. Last week, Senator Steve Padilla (D-San Diego) sent a letter to Stewart Knox, California Secretary of Labor, alleging that Deel has hired hundreds of employees but classified them as […]

Deel under fire for alleged questionable hiring practices, advice to other companies by Mary Ann Azevedo originally published on TechCrunch

Threads app hits Top 5 on Apple’s China App Store despite ban

July 6, 2023

Threads, Meta’s new social networking platform, is quickly gaining ground in China where Western social apps from Instagram to Facebook are banned. As of Thursday morning Pacific Time, the Twitter clone introduced by Instagram ranked fifth in the social networking category of Apple’s China App Store, just a day after launching. That’s despite the fact […]

Threads app hits Top 5 on Apple’s China App Store despite ban by Rita Liao originally published on TechCrunch