Solar-powered electric vehicle maker Lightyear said it’s halting production on its flagship Lightyear 0, its premium EV with a sticker price of €250,000. Despite only starting production on the vehicle three months ago, Lightyear is restructuring to focus on building a more affordable model, the Lightyear 2 for around €40,000, reports Electrek. The news comes…
Temu, a shopping app from Chinese e-commerce giant Pinduoduo, is having quite the run as the No. 1 app on the U.S. app stores. The mobile shopping app hit the top spot on the U.S. App Store in September and has continued to hold a highly-ranked position in the months that followed, including as the…
It’s been a tumultuous time at Salesforce recently, and it’s not getting any quieter soon. The Wall Street Journal reported last night that the company now needs to deal with activist investor Elliott Management. Elliott confirmed that it has taken a multibillion stake in Salesforce, and shared this comment from Jesse Cohn, managing partner at…
Twitter’s crowd-sourced fact-checking program, Community Notes, is now open to contributors in the UK, Ireland, Australia, and New Zealand. Twitter said over the weekend that it was expanding the contributor base by 10% per week by onboarding new individuals to the program. The social media company has also promised to include people from other countries.…
Welcome back, climate tech readers! Like last week, we’ve got a full slate once more, from food waste to wastewater and more. Let’s dive in. Image Credits: Mill Industries After selling Nest to Google for $3.2 billion, Matt Rogers is no stranger to scaling fast. But unlike last time, Rogers isn’t interested in selling so…
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week.…
AltspaceVR has had a few close calls over the years, but the company that built virtual social spaces well before “metaverse” was a household word is shuttering for good this time. After announcing that it would close up shop in 2017, Microsoft intervened and the company came under the tech giant’s wing. Now, Microsoft is…
AltspaceVR has had a few close calls over the years, but the company that built virtual social spaces well before “metaverse” was a household word is shuttering for good this time. After announcing that it would close up shop in 2017, Microsoft intervened and the company came under the tech giant’s wing. Now, Microsoft is…
AltspaceVR has had a few close calls over the years, but the company that built virtual social spaces well before “metaverse” was a household word is shuttering for good this time. After announcing that it would close up shop in 2017, Microsoft intervened and the company came under the tech giant’s wing. Now, Microsoft is…
Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. It kind of feels like tech forgot its umbrella. Like, it remembered to pack its water bottle, wear the right shoes and layer up, but…
