Affirm’s stock plunges as it misses earnings, cuts 500 jobs and shutters crypto unit

Citing economic turbulence, buy now, pay later giant Affirm announced today that it is reducing its staff by 19%, or about 500 employees, and shutting down its crypto unit.... Read more »

Fable Foods land Series A for its mushroom-based meat alternatives

The promise of alternative meat products has been under scrutiny lately, with articles in Bloomberg and the Washington Post questioning if it’ll ever be truly embraced by consumers. Other... Read more »

Disney+ reports its first subscriber loss of 2.4M subscribers, plans to lay off 7K employees

Disney’s first quarter with CEO Bob Iger back in command isn’t looking so good. Disney announced its Q1 2023 earnings today, reporting a total of 161.8 million Disney+ global subscribers,... Read more »

SpaceX will attempt a full static fire test of Starship’s Super Heavy booster tomorrow

SpaceX is on the verge of a landmark test of the Starship launch system, president and chief operating officer Gwynne Shotwell said Wednesday. Tomorrow, the company will perform a... Read more »

Why more startups are getting compliant

SaaS startups are working on acquiring enterprise clients earlier than they used to, and this is changing their road map. “What I’ve seen is more and more companies are... Read more »

BoxPower wants to cut emissions, wildfire risk by taking power off the main grid

After sparking California’s second-largest wildfire ever, and dozens more in recent years, it’s no secret that Pacific Gas & Electric is interested in alternatives to above-ground transmission lines. One... Read more »

Former Salesforce exec Bret Taylor is teaming up with Google AR/VR vet Clay Bavor on mystery startup

When Bret Taylor announced he was stepping down as co-CEO and co-chair at Salesforce in November, it was easy to be cynical about him saying he wanted to go... Read more »

Netflix starts cracking down on password sharing in four new markets, including Canada

Netflix today announced it’s rolling out paid sharing, otherwise known as Netflix’s crackdown on password sharing, to more countries, including Canada, New Zealand, Portugal, and Spain. The company had... Read more »

Bitcoin holding above $20,000 offers miners hope as margins become healthier

Last year was tough for cryptocurrency markets as many prices plummeted. But bitcoin has had a strong rally so far this year, and some mining experts see this as... Read more »

In a trademark battle between an NFT artist and a big brand, Hermès, the artist just lost

Artist Mason Rothschild thought he was sitting on a “goldmine” when he began creating digital versions of the iconic Hermès Birkin handbag and selling these as NFTs. Among them... Read more »
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