March 28, 2024

Web and Technology News

Why SUSE is forking Red Hat Enterprise Linux

Today, SUSE announced that it is creating a hard fork of Red Hat Enterprise Linux (RHEL) and that it will develop and maintain an RHEL-compatible distribution. SUSE says that it will invest $10 million into this project over the coming years. One major open source company forking another major open source company’s project is equivalent […]

Why SUSE is forking Red Hat Enterprise Linux by Frederic Lardinois originally published on TechCrunch

Why SUSE is forking Red Hat Enterprise Linux

Today, SUSE announced that it is creating a hard fork of Red Hat Enterprise Linux (RHEL) and that it will develop and maintain an RHEL-compatible distribution. SUSE says that it will invest $10 million into this project over the coming years. One major open source company forking another major open source company’s project is equivalent […]

Why SUSE is forking Red Hat Enterprise Linux by Frederic Lardinois originally published on TechCrunch

Report indicates friction prior to Bret Taylor’s resignation from Salesforce

It seems that maybe Salesforce co-founder and CEO Marc Benioff was protesting a bit too much when he gave what seemed like a genuinely heartfelt goodbye to his protégé, Bret Taylor, last week, insisting to anyone who would listen that he was heartbroken to lose his friend and mentee. That might not be the whole […]

Report indicates friction prior to Bret Taylor’s resignation from Salesforce by Ron Miller originally published on TechCrunch

Twitter investor sues Elon Musk over acquisition shenanigans

The world’s richest man isn’t above trying to get a discount, apparently. In a new lawsuit, Twitter shareholders are suing Elon Musk, alleging that he manipulated the price of the company’s stock for his own benefit in the course of agreeing to buy the company. The lawsuit represents a group of Twitter investors but would […]

Twitter investor sues Elon Musk over acquisition shenanigans

The world’s richest man isn’t above trying to get a discount, apparently. In a new lawsuit, Twitter shareholders are suing Elon Musk, alleging that he manipulated the price of the company’s stock for his own benefit in the course of agreeing to buy the company. The lawsuit represents a group of Twitter investors but would […]

Twitter agrees to pay $150M for breaking privacy promises

Twitter has agreed to pay $150 million as part of a settlement with regulators over allegations that the social media company misrepresented the “security and privacy” of user data over several years. The FTC and Department of Justice said that between May 2013 and September 2019, Twitter asked users for personal information to secure their […]

Everything you wanted to know about Elon Musk and Twitter (but didn’t want to ask)

So you want to know what’s going on with Elon Musk and Twitter, but you thought maybe it’s a little too late to ask your tech-obsessed buddies for the low-down. You’ve come to the right place. Last month, in perhaps the year’s biggest tech news story yet, Elon Musk announced his intent to buy Twitter […]

CEO of fintech app Eco alleges that Y Combinator-backed Pebble copied its business model, materials

Andy Bromberg, CEO of a16z-backed Eco, is claiming that Pebble, another fintech startup that came out of stealth this morning, “plagiarized” Eco’s materials and business model. Bromberg posted a Twitter thread this afternoon saying Pebble engaged in “copy-and-pasting, immaturity, lying, and espionage.” In the thread, Bromberg detailed the background behind his claims, and he also […]

NHTSA probes Tesla Autopilot crash that killed three people

A U.S. federal agency is investigating a crash involving a 2022 Tesla Model S that may have been operating in Autopilot during a crash that killed three people. Autopilot is Tesla’s advanced driver-assistance system (ADAS) that performs automated functions such as steering, accelerating and automatic braking. Bloomberg first reported on the news. The accident, which […]

Grubhub’s free lunch promo creates a literal ‘Hell’s Kitchen’ for NYC restaurants

Grubhub offered free lunch to everyone in New York City yesterday. What could go wrong? Between 11 a.m. and 2 p.m., New Yorkers could use a Grubhub promo code to get a $15 discount on lunch. Naturally, restaurants got flooded with an unexpected deluge of orders. According to Buzzfeed, a worker at a Mexican restaurant […]

Coinbase backtracks on its hiring plans, citing crypto market turmoil

Coinbase, the third-largest crypto exchange by volume, has changed its tune on hiring amid a market downturn. “Heading into this year, we planned to triple the size of the company. Given current market conditions, we feel it’s prudent to slow hiring and reassess our headcount needs against our highest-priority business goals,” Emilie Choi, Coinbase’s president […]

Blockchain’s youngest billionaire roasts world’s biggest cryptocurrency

30-year-old crypto billionaire Sam Bankman-Fried took aim at Bitcoin, the world’s largest cryptocurrency, saying it has no future as a payments network in an interview with the Financial Times today. Bankman-Fried is CEO and co-founder of FTX, the second-most popular digital asset exchange by trading volume, according to CoinMarketCap. “The bitcoin network is not a […]

Canoo warns it may not have enough funds to bring EVs to market

Canoo’s first-quarter earnings shows a company burning through cash, no near-term revenue and a warning that it may not have enough money to stay in business. Shares of Canoo, which were down 5% Tuesday, fell another 17.5% in after-market trading following the release of its earnings. It has since recovered and is now down more […]

EV startup Canoo sues major investor over sketchy share sales

Electric vehicle startup Canoo has filed suit against one of its largest shareholders, demanding that the firm pay back more than $61 million in “short-swing profits.” The short-swing profit rule states that company insiders, like large shareholders, must return profits realized from buying and selling securities within a period of six months. Canoo alleges that […]

EV startup Canoo sues major investor over sketchy share sales

Electric vehicle startup Canoo has filed suit against one of its largest shareholders, demanding that the firm pay back more than $61 million in “short-swing profits.” The short-swing profit rule states that company insiders, like large shareholders, must return profits realized from buying and selling securities within a period of six months. Canoo alleges that […]

In leaked all-hands meeting, Twitter CEO fields questions about Elon Musk’s takeover

If you wanted to be a fly on the wall during the first Twitter all-hands meeting after the platform accepted Elon Musk’s $44 billion bid, you’re in luck. Audio from Twitter’s companywide call about its drastic change from being a publicly traded company to a billionaire-owned, private entity was leaked by the conservative activist group, […]

Twitter is protecting its source code from disgruntled employees, reports say

Twitter locked down its source code to prevent unauthorized changes, sources familiar with the matter told Bloomberg. The reports say that this change was made to prevent employees from “going rogue” and sabotaging the platform after Elon Musk’s $44 billion purchase of the company. Currently, a vice president must approve any changes. Twitter declined to […]

NFT aggregator Gem.xyz acquired by OpenSea shortly after ousting co-founder for sexual misconduct

OpenSea, the largest NFT marketplace, acquired NFT aggregator Gem.xyz (Gem) to “better serve” its more experienced users, the company said in a blog post. The deal, which comes a few months after OpenSea bought DeFi wallet startup Dharma Labs, will allow OpenSea to “learn from Gem’s expertise and intuition about the advanced NFT community,” the […]

We just found out how Elon Musk may finance his $43B Twitter bid

In an SEC filing today, Elon Musk indicated that Twitter has yet to respond to his offer to buy the company, and that he is “exploring whether to commence a tender offer to acquire all of the outstanding shares.” Recall that Twitter has itself adopted a poison-pill defense of its equity in light of Musk’s […]

Tesla says it’s also being investigated by federal equal employment agency

A U.S. federal agency that enforces civil rights laws against workplace discrimination can now be added to the list of agencies that is investigating Tesla. In a court filing on Monday related to a separate case, the automaker revealed that the U.S. Equal Employment Opportunity Commission (EEOC) has an “open investigation” into Tesla, a finding […]

Elon Musk says he ‘doesn’t care about the economics’ of buying Twitter

Elon Musk announced this morning that he offered to buy Twitter for $43 billion. Just last week, he bought 9.2% of the company for $3 billion, then declined a board seat. Conveniently enough, the controversial CEO of Tesla and SpaceX was already preparing to speak at the TED2022 conference for a conversation that was in such high demand that […]