The father of Android has reportedly cancelled his next big smartphone and might sell the company after raising $300 million (GOOG, AAPL)

Essential — the startup founded by Android creator Andy Rubin — plans to sell itself, according to a new Bloomberg report.  The hardware company released its first product, the Essential Phone, last year. But plans have now been scrapped to release a second device.  Essential has raised $ 300 million to date and has been […]

MoviePass said a $300 million lifeline could sustain it for over a year, but that money could slip through its fingers (HMNY)

MoviePass/Reuters MoviePass has repeatedly said it’s not worried about sustaining further losses because it has a $ 300 million “equity line of credit” that could keep it going for over a year. Financial experts, however, say the financial instrument described by MoviePass CEO Mitch Lowe is not what is generally considered to be an equity […]

Japan is planning retaliatory tariffs against US exports worth $409 million

Kim Kyung-Hoon/Reuters Japan is considering slapping tariffs on US exports worth $ 409 million in retaliation against steel and aluminum import tariffs imposed by President Donald Trump.  The government is preparing to notify the World Trade Organization of the plan this week. The move is likely to be part of efforts to have Washington add […]

Fox News settles a slew of discrimination lawsuits for around $10 million

Fox News Fox News reportedly reached a $ 10 million settlement for several discrimination lawsuits filed by 18 current and former employees. The ranged from claims of racial, gender, and pregnancy discrimination. The settlement would force the plaintiffs to drop their claims and find employment elsewhere, never to return to Fox News’s parent company, 21st […]

Identity management platform Auth0 raises $55 million

Identity management and authentication platform Auth0 has raised $ 55 million in a series D round of funding led by Sapphire Ventures, with participation from Bessemer Venture Partners, Trinity Ventures, Meritech Capital, K9 Ventures, and World Innovation Lab. Founded in 2013, Auth0 offers a platform that helps any third-party website or application…Read More

Pothole damage is costing drivers and insurers at least £1 MILLION a month

The motoring organisation said the number of pothole-related claims it had seen during the first four months of 2018 alone was more than for the whole of 2017. Based on its share of Britain’s car insurance market, the broker estimated that nationally, there will have been over 4,200 claims for pothole damage so far this […]

50 Cent just announced he’s leaving Instagram, where he has 18 million followers, because the site removed his content without telling him (FB)

Jared C. Tilton/Getty Images 50 Cent is a major influencer on Instagram. But now the rapper says he’s leaving Instagram because the social network removed content from his account without warning him first. He marked his return to Twitter with a photo of him raising a glass of rosé wine.   Instagram may have just […]