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Overair nabs $145M to produce eVTOL prototype by 2023 Jun 14, 2022

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Overair, a California-based electric vertical takeoff and landing (eVTOL) vehicle startup, has secured $145 million in funding that will go towards the development of Butterfly, the company’s experimental aircraft prototype, by the second half of 2023.

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Cereal maker Magic Spoon scoops up $85M as it lands spot on Target shelves Jun 14, 2022

Show notes

Gaining a place on retail shelves is just the start to Magic Spoon's plan to evolve into an omnichannel brand that eventually goes beyond the cereal box.

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Crypto lender Celsius pauses withdrawals, transfers citing ‘extreme market conditions’ Jun 13, 2022

Show notes

Cryptocurrency lender Celsius Network, recently valued at about $3 billion, told customers Sunday evening that it is pausing “withdrawals, swap, and transfers between accounts."

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Amazon said to pull out of IPL cricket streaming bidding Jun 13, 2022

Show notes

Amazon won’t be bidding for the IPL media rights for the year 2023 to 2027, a person familiar with the matter said, leaving the hotly contested streaming auction to Disney and Reliance.

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Duolingo back in China app stores after 1 year with a local twist Jun 10, 2022

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Duolingo, the Nasdaq-listed language learning app, is back in China’s Apple App Store and Android stores nearly a year after it disappeared from the country’s app stores.

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Tesla accuses civil rights agency of unlawfully suing for racial discrimination Jun 10, 2022

Show notes

Tesla has accused the California Department of Fair Employment and Housing (DFEH) of failing to conduct proper investigations before it sued Tesla for racial bias at its assembly plant, according to a petition filed Wednesday with California’s Office of Administrative Law (OAL).

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Google expands ads verification program to tackle financial scams Jun 09, 2022

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Google is expanding a verification program for financial services ads that it launched in the UK last summer after seeing what it describes as a “pronounced decline” in reports of ads promoting financial scams.

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Multicoin Capital leads $60M investment in Delphia to give retail investors edge against hedge funds Jun 09, 2022

Show notes

The startup’s “share-to-earn” data token model will reward users for contributing valuable information, which it will then use to help its model better pick stocks.

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Tencent once more seeks to expand its mobile hit Honor of Kings globally Jun 08, 2022

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Honor of Kings, the world’s largest mobile game made by China’s internet behemoth Tencent, is rolling out a global version by the end of this year.

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Oracle quietly closes $28B deal to buy electronic health records company Cerner Jun 08, 2022

Show notes

At the end of last year, just before Christmas, Oracle made a big move when it announced it was acquiring electronic health records company Cerner for $28 billion, thrusting it quickly into the top enterprise deal for 2021, just under the wire.

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