Monthly Archives: July 2022

Starlink Maritime brings satellite broadband to the seas

Travellers on the high seas will soon be able to access high speed, low latency internet by subscribing to a maritime satellite broadband service from Elon Musk’s Starlink venture. Starlink Maritime hopes to tempt owners and operators of pleasure yachts, cruise ships, and other vessels with ruggedised hardware that can withstand extreme cold, heat, hail,…

GOP Rep. Adam Kinzinger’s staffer says the office temporarily turned off its phones amid ‘overwhelming’ threats

Rep. Adam Kinzinger of Illinois. Chip Somodevilla/Pool via AP, File Rep. Adam Kinzinger has recieved threats for his work on the House January 6 panel. His DC office receives thousands of angry phone calls a day. Since releasing a video clip of these voicemails, they have received a lot of support, said one staffer.  Fielding…

Elon Musk says he’s upping childcare benefits at Tesla, SpaceX and his other companies

Musk asked Tesla executives to stop recruiting. Frederic J. Brown/Getty Images Elon Musk said his companies will soon “significantly” expand their childcare benefits. He also said his foundation will make direct donations to families to support children. The news follows the revelation that Musk fathered twins with one of his employees. Twitter and SpaceX CEO…

Meet Paxos, the startup behind some of Wall Street’s biggest crypto offerings from Bank of America, Mastercard, and PayPal

BI Graphics Paxos serves as a bridge for traditional firms into the world of blockchain and crypto. Samantha Lee/Business Insider Paxos is a startup that lets other companies offer crypto products and services. It has inked deals with Wall Street powerhouses from Bank of America to Mastercard. The startup has raised $540 million and is…

WWE’s Vince McMahon reportedly paid $12 million over 16 years to allegedly silence women from speaking about misconduct claims

Vince McMahon attends a press conference to announce that WWE WrestleMania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Eugene Gologursky/WireImage The Wall Street Journal reported new details about alleged hush payments WWE’s Vince McMahon made to women. The payments totaled over…

Rishi Sunak launches leadership campaign, kicking off the Conservatives’ hunt to replace Boris Johnson in earnest

Several names are in the frame for future prime minister Getty Images Rishi Sunak launched a leadership campaign, kicking off a race to replace Boris Johnson. The former chancellor, who resigned this week, announced his bid under the hashtag #ReadyforRishi. Other candidates are backbencher Tom Tugendhat and AG Suella Braverman, but more will likely follow….

Ghost kitchen startup Butler quietly folded after 6 years, laying off roughly 1,000 employees after raising more than $50 million in total funding

Inside Gate Gourmet’s Washington Dulles kitchen. Taylor Rains/Insider Ghost kitchen startup Butler quietly shut down and laid off roughly 1,000 workers in May, reports TechCrunch. The company had raised $50 million in funding and had recently announced plans to expand into new cities. Butler is one of many ghost kitchen startups that have risen to…

An ex-employee at a crypto-lender that’s holding customer deposits hostage has sued the company, calling it a ‘Ponzi scheme’

Celsius CEO Alex Mashinsky. Piaras Ó Mídheach/Sportsfile for Web Summit via Getty Images A new lawsuit alleges that embattled crypto platform Celsius is a Ponzi scheme. Jason Stone, the CEO of a firm Celsius acquired, says it failed to hedge risk and manipulated the market. The suit comes after Celsius stopped allowing users to withdraw…

Everything you need to know about the biotech market’s meltdown — and how companies can survive it

Mark Foley, CEO of Revance Therapeutics, Cameron Durrant, CEO of Humanigen, Henry Ji, CEO of Sorrento Therapeutics, and Nick Leschly Former CEO of Bluebird Bio Revance Therapeutics; Humanigen; Sorrento Therapeutics; Wendy Maeda/Getty Images; Savanna Durr/Insider The biotech market has been hit particularly hard by the current market downturn. In order to survive, public companies are…