EV startup Arrival looks to sell off assets, intellectual property of UK division

February 5, 2024

Commercial EV startup Arrival’s business continues to unravel. Arrival announced Monday in a regulatory filing that its UK division is entering administration, the country’s version of bankruptcy. The troubled company, which went public in 2021 via a merger with a special purpose acquisition company, said it’s looking to sell its UK assets and intellectual property […]

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Meta cuts off third-party access to Facebook Groups, leaving developers and customers in disarray

February 5, 2024

The recent surprise announcement that Meta will soon be shutting down a Facebook Groups API is throwing some businesses and social media marketers into disarray. On January 23rd, Meta announced the release of its Facebook Graph API v19.0, which included the news that the company would be deprecating its existing Facebook Groups API. The latter, […]

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Cloud native container management platform Weaveworks shuts its doors

February 5, 2024

Weaveworks, a startup focusing on cloud native development tooling, announced today on LinkedIn that it would be shutting down, a sad day for any startup. “I am very sad to announce – officially – that Weaveworks will be closing its doors and shutting down commercial operations. Customers and partners will be working with a financial […]

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Jio Financial says not in talks to acquire Paytm’s wallet business

February 5, 2024

Reliance Industries-spin off Jio Financial Services said Monday evening that it is not negotiating with Paytm to acquire the Noida-headquartered firm’s wallet business. Jio Financial Services termed the media reports about their alleged talks “speculative” and dismissed that there had been any negotiations. The Hindu Businessline reported over the weekend that Paytm and Jio Financial […]

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