23andMe files for bankruptcy as CEO steps down
The company says it will remain in operation during the bankruptcy process. | Image: Justin Sullivan/Getty Images DNA testing firm 23andMe has filed for Chapter 11 bankruptcy protection to help the company sell itself after years of financial difficulties. Anne Wojcicki, 23andMe’s co-founder and CEO, announced on X that she has resigned with immediate effect to become an independent bidder for the company, with chief financial and accounting officer Joe Selsavage stepping in as interim C...
Read More
Yahoo is selling TechCrunch
TechCrunch has a new owner, again. Yahoo has sold the tech news site to the private equity firm Regent for an undisclosed sum, according to an announcement on Friday. Regent is the same company that snapped up Foundry, the firm behind outlets like PCWorld, Macworld, and TechAdvisor on Thursday. Founded in 2005, TechCrunch has experienced many shakeups in ownership after AOL acquired the site in 2010. When Verizon acquired AOL in 2015 and Yahoo in 2017, the company folded TechCrunch, Engadget...
Read More
Oracle is reportedly in the lead to save TikTok from US ban
Oracle is closing in on a deal that would have it “vouch” for TikTok’s security in exchange for a small stake in the company’s US operations, according to Bloomberg. The plan, which was reportedly discussed among the Trump administration last week, would include “guarantees that an updated US version of TikTok would not contain a back door that China’s government could exploit.” As noted by Bloomberg, the deal may still leave the app’s algorithm with TikTokR...
Read More
Intel pushes Ohio chip factory opening to 2030
Intel is delaying the opening of its $28 billion Ohio chip plants yet again. In an update on Friday, Intel executive vice president Naga Chandrasekaran said the company now expects its first factory to begin operations between 2030 and 2031 – years later than its initial plan to kick off production in 2025. Meanwhile, the second fabrication plant on Intel’s Ohio campus isn’t expected to open until 2032. “We are taking a prudent approach to ensure we complete the project in a f...
Read More
Meme coins aren’t subject to securities regulations, says SEC
According to the Securities and Exchange Commission, meme coins don’t meet the requirements to be protected by federal securities law. In new guidance issued on Thursday, the SEC announced that it doesn’t view most meme coins — cryptocurrencies that originate from internet memes or cultural phenomena — as securities, and that transactions around them do not need to be registered with the commission. The SEC said it reached this decision because the coins do not “generate a y...
Read More
Elon Musk’s first month of destroying America will cost us decades
It would be impressive if it were not so depressing. | Image: Kristen Radtke / The Verge; The National Museum of American Diplomacy Letâs pause and look at what the Elon Musk administration has done so far. Thereâs been a lot of panic about the immediate but somewhat abstract constitutional crisis as Elon Muskâs misleadingly-named Department of Government Efficiency (DOGE) rips the government apart. And as much fun as we all are having watching Congress render itself irrelevant ...
Read More
Small businesses are already feeling Trump’s tariffs
President Donald Trump’s tariffs on China, Canada, and Mexico are presented by the president and his boosters as a boon to American businesses. If products from China are more expensive, the argument goes, then people will instead buy from counterparts based in the US. But for small businesses manufacturing in the US, the tariffs are already causing their costs to go up — which, in turn, will force them to raise prices for consumers. Valerie Schafer Franklin, one of the owners of Waln...
Read More
Elizabeth Holmes’ bizarre PR campaign continues
She’s totally different now, she promises. I have heard it said that fame is the most addictive of all drugs. I have been skeptical about this, but Elizabeth Holmes’ ongoing PR saga makes me wonder if it is, in fact, true. Holmes has appeared in People magazine to tell us that prison is “hell and torture,” in the same way that one might say “butt and ass” or “dick and cock.” The point of hell, for those of you who are not up on Christian theology, is torture. That’...
Read MoreLatest Posts
