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Automaker Geely Enters the Smartphone Business, Buys Meizu

The already crowded smartphone market is getting another major player. According to Reuters, Chinese automaker Geely is entering the smartphone business after acquiring close to 80% stake in tech brand Meizu through its subsidiary Hubei Xingji Shidai Technology. In an official statement, Geely said that...

Mark Zuckerberg Warns Meta Staff About Tough Times Ahead

Meta, the parent company of Facebook and Instagram, is currently dealing with a number of issues, including plummeting stock prices, a dip in revenue, and rising costs of operation. This will likely result in some tough times for the company's employees, according to Meta...

DoorDash Hires Pinky Cole as New Chief Restaurant Advisor

Pinky Cole, founder of plant-based burger chain Slutty Vegan, is joining online food ordering company DoorDash as its new chief restaurant advisor. Cole will spend one year in the position, succeeding American chef and television personality Stephanie Izard. DoorDash announced the creation of the chief...

Cash App Introduces Investing Spare Change in Stocks or Bitcoin Option

Mobile payment system Cash App started offering an intriguing new option for its users. Block Inc., the parent company of Cash App, just announced a new feature that will allow customers to give up on their spare change during purchases and automatically invest them...

Tesla Closes an Office in California, Lays Off 200 Autopilot Employees

Electric cars maker Tesla has continued to thin its working force. The company reportedly laid off 200 employees who worked on the Autopilot program earlier this week. The move came shortly after Tesla closed its office in California. The San Mateo, California, office was focused...

Siemens Buys into Volkswagen’s EV Charging Stations Electrify America

German automaker Volkswagen welcomed multinational conglomerate Siemens into its Electrify America venture. As a result, Siemens acquired a minority stake in Volkswagen's network of electric vehicle (EV) fast-charging stations with a joint investment of $450 million. "With our additional investment in Electrify America, we are...