By Akash Sriram and Baranjot Kaur (Reuters) -Tesla Inc said quarterly deliveries fell short of market estimates on Monday, held back by ongoing logistical issues and growing demand concerns that round[...]
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Technology
Shopify launches new subscription product to lure big retail clients
(Reuters) – Shopify Technologies Inc on Tuesday launched a new service aimed at big retailers that will allow them to select tools and services the Canadian tech giant offers and integrate it wi[...]
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TikTok-owner ByteDance cuts hundreds of jobs in China – SCMP
(Reuters) – ByteDance, the Chinese parent company of video app TikTok, has laid off hundreds of employees across multiple departments at the end of 2022 as part of a cost-cutting measure, the So[...]
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Startups spring from ashes of Big Tech purge
By Supantha Mukherjee, Martin Coulter and Krystal Hu (Reuters) – Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13%[...]
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SpaceX to raise $750 million at $137 billion valuation – CNBC
(Reuters) – Elon Musk’s SpaceX is raising $750 million in a new round of funding that values the rocket and satellite company at $137 billion from investors, including Andreessen Horowitz,[...]
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Winklevoss says crypto broker Genesis negotiating in bad faith
(Reuters) – Cameron Winklevoss, who founded crypto exchange Gemini Trust Co with his twin brother, on Monday accused Digital Currency Group (DCG) CEO Barry Silbert of “bad faith stall tact[...]
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China Dec factory activity extends declines on COVID surge – Caixin PMI
BEIJING (Reuters) – China’s factory activity shrank at a sharper pace in December as surging COVID-19 infections disrupted production and weighed on demand after Beijing largely removed an[...]
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Foxconn’s COVID-hit China plant close to resuming full production -sources
By Yimou Lee TAIPEI (Reuters) -Foxconn’s COVID-hit iPhone plant in China’s Zhengzhou city is almost back to full production, with its December shipments reaching about 90% of initial plans[...]
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Polish regulator accuses T-Mobile of misleading advertising
WARSAW (Reuters) -Polish regulator UOKiK has accused the Polish unit of T-Mobile of misleading advertising relating to a free mobile data offer, with the company potentially facing a fine of 10% of an[...]
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