Magic Leap layoffs reportedly affect about half its workforce

The past few years have been rough for Magic Leap, and the coronavirus pandemic isn’t helping matters. The company announced today that it will lay off employees at every level of the organization, and though Magic Leap’s CEO, Rony Abovitz, doesn’t c...

Startups 101: How to Stack the Odds in Your Favour

There are few things more challenging than setting up a startup company to handle the competitive business landscape of today. No matter the industry you choose, you are bound to come across hurdles that might seem insurmountable if you are unprepared. Unfortunately, most people who struggle through the pitfalls of startup management are often inexperienced, which does not come as a surprise as most startup business owners tend to be starting out. That said, even if you might not necessarily have the experience necessary to steer your company through tough times, it does not mean that you are bound to…

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Senate bill aims to make user data ‘portable’ across social networks

Three senators think they have a way to address some of the antitrust concerns around social media companies. Today, Sens. Mark R. Warner (D-Virginia), Josh Hawley (R-Missouri) and Richard Blumenthal (D-Connecticut) will introduce a bill that would f...

SpaceX will let small satellites hitch a ride on its rockets

For space tech startups and other small companies doing research, one of the biggest hurdles is actually getting to space. SpaceX is looking to change that. Today, it announced a SmallSat Rideshare Program, which will allow small satellite operators...

How Bodega typifies Silicon Valley’s cultural ignorance

On Wednesday a story about two ex-Google employees receiving an obscene amount of money for a bad idea hit social media and was met with a level of outrage you could feel through the screen. If you're online in any way whatsoever, you likely know I'm...

People won’t stop stealing this company’s rentable umbrellas

Sharing E Umbrella, a Chinese startup that allows people to share umbrellas as they would bicycles has run into some early problems with its business model: specifically, people don't bother to return the items once they are out of the rain. Accordin...