Week in Review: Notable Happenings in Tech Over the Past Few Days
Hey there, folks! Welcome to Week in Review (WiR), TechCrunch’s newsletter recapping the most notable happenings in tech over the past few days. I’m your host, and I’ll be guiding you through the top stories of the week.
Fisker Suspends Operations Temporarily Due to Cash Flow Issues
In a shocking turn of events, Fisker, an electric vehicle (EV) startup, has temporarily suspended operations due to cash flow issues. According to reports, the company lost track of millions of dollars in customer payments as it scaled up deliveries. This led to an internal audit that started in December and took months to complete.
Facebook Snoops on Users’ Snapchat Traffic in Secret Project
In a disturbing revelation, Facebook (now Meta) has been snooping on users’ Snapchat traffic through a secret project known internally as ‘Project Ghostbusters.’ According to court documents, the goal was to intercept and decrypt network traffic between people using Snapchat’s app and its servers.
Stability AI Founder Resigns Amid Struggles
In other news, Emad Mostaque, founder and CEO of Stability AI, has resigned from his position. The startup is known for its popular image generation tool Stable Diffusion. Mostaque’s departure comes amid an ongoing struggle for stability (pun intended) at the company, which was reportedly spending around $8 million a month as of October 2023 with little revenue to show for it.
Other Notable Happenings
But that’s not all! We’ve got plenty more to cover. Let’s take a look:
News
Fisker Suspended: Fisker’s Bad Week Continues With NYSE Halting Stock Trading
- The New York Stock Exchange (NYSE) has moved to take Fisker off the exchange, citing its ‘abnormally low’ stock levels.
- This is just another blow to the struggling EV startup.
AI-Powered Itineraries: Google Search Now Plans Travel Itineraries Using AI
- In an upgrade to its Search Generative Experience, Google has added the ability for users to ask Google Search to plan a travel itinerary using AI.
- Search will draw on ideas from websites around the web along with reviews, photos, and other details.
Robinhood Launches Gold Card With X1 Technology
- Nine months after acquiring X1, Robinhood is launching its own debit card, the Gold Card, which uses X1’s technology.
- This move aims to compete with traditional banking services.
Social
Top Tech News of the Week on Twitter
Stay up-to-date with the latest tech news and trends by following us on Twitter!
Facebook Snoops on Users’ Snapchat Traffic in Secret Project
- In a disturbing revelation, Facebook (now Meta) has been snooping on users’ Snapchat traffic through a secret project known internally as ‘Project Ghostbusters.’
- According to court documents, the goal was to intercept and decrypt network traffic between people using Snapchat’s app and its servers.
Industry Insights
What Does the Future Hold for Fisker?
Fisker’s struggles are a concerning sign for the EV industry. Will they be able to recover? Only time will tell!
How Will Google’s AI-Powered Itineraries Impact Travel Planning?
Google’s latest upgrade aims to revolutionize travel planning using AI. But how will this change the way we plan our trips?
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Top Stories of the Week
- Fisker Suspends Operations Temporarily Due to Cash Flow Issues
- Facebook Snoops on Users’ Snapchat Traffic in Secret Project
- Stability AI Founder Resigns Amid Struggles
- Google Search Now Plans Travel Itineraries Using AI
- Robinhood Launches Gold Card With X1 Technology
