Florida’s Space Coast braces for Hurricane Ian

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Florida’s Space Coast continues to make preparations for the extremely powerful and slow-moving Hurricane Ian, with officials rolling rockets back to the safety of hangars and delaying launches until the storm passes. The massive storm made landfall near Fort Myers Wednesday afternoon, coming in at just a few miles per hour shy of the Category … Read more

Inside the human cost of Better.com’s brutal layoffs

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Digital mortgage lender Better.com continues to lay off staff, and seemingly in as callous a way as possible. Indeed, whereas most companies try to avoid repeated layoffs, the outfit — which gained notoriety by laying off about 900 employees over Zoom on December 1, 2021 — has since been laying off smaller groups very systematically, … Read more

Instagram permanently disabled Pornhub’s account

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After a weeks-long suspension, Pornhub’s account has been permanently removed from Instagram. Instagram told TechCrunch that Pornhub has repeatedly violated community guidelines, prompting the account’s removal. Meanwhile, Pornhub declared in an open letter to Meta and Instagram that Instagram’s enforcement of these platform rules are “opaque, discriminatory and hypocritical.” Addressed to four Meta executives, including … Read more

Porsche to IPO in landmark listing Thursday

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Porsche plans to go public on Thursday at a $73 billion valuation, catapulting the company to become the world’s fourth-most valuable automaker and netting billions of dollars for parent company Volkswagen to advance its drive toward electric vehicles. The initial public offering for Porsche AG on the Frankfurt Stock Exchange values the brand at $79 … Read more

Battery-swapping SPAC Gogoro secures $345M loan

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Taiwanese battery-swapping company Gogoro has signed a $345 million five-year credit facility agreement in order to increase liquidity among uncertain economic conditions. The loan comes from a group of 10 syndicated banks led by Mega International Commercial Bank Co., according to a regulatory filing. Gogoro will use the funds to pay off an existing facility, … Read more

Meta permanently bans Pornhub’s Instagram account

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Photo by Nikolas Kokovlis/NurPhoto via Getty Images Instagram says it’s permanently removed the official account for Pornhub for violating policies multiple times, Instagram’s parent company, Meta, told Motherboard. Meta claims that, over the past decade, Pornhub has repeatedly violated its terms of service regarding nudity, adult content, and sexual solicitation. However, it did not specify … Read more

Regie secures $10M to generate marketing copy using AI

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Regie.ai, a startup using OpenAI’s GPT-3 text-generating system to create sales and marketing content for brands, today announced that it raised $10 million in Series A funding led by Scale Venture Partners with participation from Foundation Capital, South Park Commons, Day One Ventures and prominent angel investors. The fresh investment comes as VCs see a … Read more