Business Archive

Karl Bode, writing for The Verge in 2019 about the propect of higher prices and inevitable post-merger layoffs:

Canada’s financial intelligence agency issued the fine after finding that Binance didn’t comply with the country’s anti-money laundering and terrorist financing laws. In April, Binance CEO Changpeng Zhao was sentenced to four months in US prison for not doing enough to prevent money laundering on the crypto exchange.

Months after Vice stopped publishing to its website and fired hundreds of workers, Axios reports that it will receive “tens of millions of dollars” as part of a partnership with Savage Ventures. The deal will relaunch Vice.com, Munchies, Motherboard, and Noisey — but Axios says it doesn’t include the digital assets belonging to Vice News.

Bloomberg reports that Kerr, who has been with Apple since 1999, has informed the company that he plans on leaving. Kerr worked on the same team as designer Jony Ive and helped develop “several generations” of the iPhone, iPad, and Mac.

Reddit’s daily users grew 37 percent to 82.7 million during its first quarter as a public company. CEO Steve Huffman said on the earnings call that 60 percent of those users are logged out and coming mostly from Google.

The autonomous vehicle venture between Hyundai and Aptiv (which has since pulled funding) is also pausing its commercial operations and planning layoffs, TechCrunch reports. Motional CEO Karl Iagnemma says the company will focus on its core tech. The news comes at a time public trust in robotaxis are low.