China’s Huawei said its annual revenue dropped 29% last year as the U.S. government’s sanctions dealt a severe blow to its once-thriving smartphone business. The Chinese tech giant’s revenue from its consumer business, which consists mainly of smartphones, fell 50% last year. The steep decline came after the U.S. government in 2019 blocked Huawei’s access to American technology, including...
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The Weekend Startups AI
The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
South Korea’s Mirae Asset Management Led $250 million SpaceX Investment
Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
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