Consolidation in autonomous vehicles continued as Ike, a small developer of semi-trailer trucks, sold itself to Nuro, the heavily funded high-profile developer of a small driverless delivery vehicle. It’s the third most notable deal of the year in the young autonomous vehicle industry, after Zoox sold itself to Amazon and Uber’s self-driving car unit sold to Aurora—which also is trying to develop...
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How Netflix Can Regain Momentum
We’re now just a couple of weeks away from the second-quarter earnings reporting season. And if history is any guide, first out of the gate will be Netflix’s report on July 19, which is likely to be one of the most closely watched tech earnings updates of the quarter. Netflix’s first-quarter report, revealing a tiny drop in subscribers and forecasting a bigger one for the second quarter,...
Klarna to Raise Cash at $6.5 Billion Valuation in Dramatic Down Round
Amazon Secures UK Broadcast Rights for Lucrative European Soccer Games
China’s Tencent, ByteDance Implement New Round of Layoffs
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