Category: Crypto

This story has been updated throughout with more details as the story has developed. We will continue to do so as the case and dispute are ongoing. The world of WordPress, one of the most popular technologies for creating and hosting websites, is going through a very heated controversy. The core issue is the fight…

Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts’ estimates — as the EV startup struggled to resolve a component shortage that disrupted production of its recently overhauled flagship R1S and R1T vehicles.  Last month, Rivian lowered its annual production guidance to 47,000 to 49,000 vehicles…

An effort to bring a broader news ecosystem to the open social web, also known as the fediverse, is now in the hands of the social magazine app Flipboard. Press.coop, a service that created mirrored accounts of top news publishers (including Reuters, AP, WSJ, NYT, BBC, CNN, and even yours truly), has transferred its collection…

Yelp, which made a name for itself giving restaurant recs, just bought an auto services website. In the company’s earnings report on Thursday, Yelp revealed that it agreed to buy RepairPal, a site for car repair estimates, for $80 million in cash. The acquisition is expected to close by the end of the year, subject…

AI wants to help us drive better, write better and diagnose diseases faster. Now imagine AI helping you be a better parent.  © 2024 TechCrunch. All rights reserved. For personal use only. ​ In Brief Posted: 2:31 PM PST · November 7, 2024 AI wants to help us drive better, write better, and diagnose diseases…

Amazon is considering increasing its investment in OpenAI rival Anthropic. According to The Information, Amazon is in talks to invest multiple billions in Anthropic, its first financial pledge in the company since a $4 billion deal struck last year. The new investment is structured similar to the last one — but with a twist. Amazon…

The CEO of Canadian cryptocurrency firm WonderFi was kidnapped and held for ransom on Wednesday, according to CBC. Dean Skurka was reportedly shoved into a vehicle in downtown Toronto during rush hour, only to be released uninjured after electronically sending $1 million (presumably CAD) to his captors. The WonderFi CEO is the latest crypto celebrity…

Jack Dorsey’s Block is scaling back its investment in TIDAL, the music streaming platform once owned by Jay-Z, according to a shareholder letter on Thursday. Block is also shutting down TBD, a Bitcoin-focused arm of the business that previously set out to build a decentralized internet, dubbed “Web5.” These cuts will free up the company…

iMac is the rock of Apple’s desktop line. Over the past decade we’ve seen the iMac Pro come and go, Apple struggling to crack the Mac Pro, and largely forgetting the Mac Mini existed for more than a decade. With two years and two models under its belt, the jury is still out on the…

A new website called WP Engine Tracker shows how many sites have moved away from hosting provider WP Engine since the company’s feud with WordPress co-creator Matt Mullenweg began in September. Automattic confirmed it created this site, but didn’t provide any further details. The site’s full URL is WordPressenginetracker.com, which is ironic given Mullenweg and…