company
Lyft Announces Significant Job Cuts in Ride-Hailing Industry
In one of the largest restructurings in Lyft’s history, CEO David Risher announced Friday that the company is significantly reducing its workforce. The move comes as Lyft seeks to increase…
Starboard Acquires Parler, Temporarily Shuts Down Platform
Despite some early setbacks, Parler has been an ambitious social network that attempted to bridge the gap between online and offline social interaction. Its closure is a disappointment for those…
Billy Construction Insurance Scores $2.5M Investment Boost
Construction insurance company Billy announced today that it has secured an additional $6.7 million in funding, bringing its total investment to $12.9 million. This new infusion of capital will be…
Saudi Arabias Sizable Acquisition: $4.9B for Mobile Games Company Scopely
Scopely’s acquisition by Savvy Games Group signals Saudi Arabia’s commitment to investing in the mobile gaming industry. The company will join other Saudi-owned mobile gaming companies like Asiasoft and app…
Canoo Reaches Agreement with SEC Over $1.5M Settlement
Canoo’s settlement signals the SEC’s increasing concern with electric vehicle startups, as they grapple with regulatory uncertainties and costly technological challenges. Despite this, Canoo appears to be thriving in the…
Effy Ushers in New Era of Renewed Energy with $22M Bootstrap Success
Effy is betting on the future of energy. With its innovative technology and focus on a growing market, the company is poised for success. The first external funding round signals…
TikTok Scans Public Videos for Age Verification: CEO Reports
TikTok CEO Shou Zi Chew told lawmakers Tuesday that the company does not use facial recognition or voice data to identify underage users on its platform. The app, he said,…
SVBs Parent Company Files for Bankruptcy With Just $2.2B in Remaining Liquidity
TechGround’s top stories for the day include a malware outbreak traced to popular chat app Kik and extensive issues with HBO Go. Today feels like a good day to start…
T-Mobile Acquires Mint Mobiles Parent Company in $1.35B Deal
Executives are constantly searching for new ways to increase productivity and efficiency in their organizations. While there is no one answer for increasing worker productivity, implementing a well-designed office automation…