Elon Musk says Twitter will finally remove legacy checkmarks on 4/20

April 12, 2023

Elon Musk said that Twitter will finally move to remove the legacy blue checkmarks on April 20 or 4/20 because he can’t let go of that joke. This is the “final date,” he said in a tweet. If the move goes through, Twitter will have verification marks only for paid users and businesses, and government […]

Elon Musk says Twitter will finally remove legacy checkmarks on 4/20 by Ivan Mehta originally published on TechCrunch

Silicon Valley Bank’s chief risk officer is out, months after taking the job

April 11, 2023

When Silicon Valley Bank’s collapse was first unfolding, a belated disclosure colored some of the chaos: the bank spent most of last year without a chief risk officer, and the one who left sold more than $4 million of stock in the bank before departing. The new CRO Kim Olson, who joined in January 2023, […]

Silicon Valley Bank’s chief risk officer is out, months after taking the job by Natasha Mascarenhas originally published on TechCrunch

GM leads $50M EnergyX deal to lock down lithium for its EVs

April 11, 2023

Eager to secure all the lithium it needs to power a growing lineup of electric vehicles, General Motors said on Tuesday that it will lead a $50 million investment into lithium extraction and refining startup EnergyX. With the deal, the legacy automaker says it will help EnergyX scale its lithium-extraction tech. In exchange, GM will […]

GM leads $50M EnergyX deal to lock down lithium for its EVs by Harri Weber originally published on TechCrunch

Elizabeth Holmes is denied request to stay out of prison

April 11, 2023

Former Theranos CEO and convicted fraud Elizabeth Holmes is expected to go to prison on April 27 for a sentence of more than 11 years. After Holmes was found guilty on four fraud counts last year, her lawyers have made numerous attempts to delay her incarceration, like petitioning for a new trial. Now Judge Edward […]

Elizabeth Holmes is denied request to stay out of prison by Amanda Silberling originally published on TechCrunch

Hyundai Motor to invest $18B in South Korea’s EVs by 2030

April 11, 2023

Hyundai Motor Group will invest 24 trillion won (~$18 billion) in South Korea’s electric vehicle industry through 2030, the company said Tuesday. The news comes a week after Kia, which falls under the Hyundai umbrella, announced its own 32 trillion won (~$24 billion) investment into electrification and future business areas. Hyundai’s investment plan was revealed […]

Hyundai Motor to invest $18B in South Korea’s EVs by 2030 by Rebecca Bellan originally published on TechCrunch

Twitter, Inc. is now X Corp

April 11, 2023

Twitter, Inc. is now called X Corp, according to a court filing in California. Since Twitter is no longer a public company, it does not have to report updates like name changes to the SEC. But in any case, the new name was spotted in an April 4 document related to far-right activist Laura Loomer’s […]

Twitter, Inc. is now X Corp by Amanda Silberling originally published on TechCrunch