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Here are the top trending news from the world of technology…
1)
Elon Musk’s SpaceX raises $334.7 Mn in fresh equity funding
Elon Musk’s commercial space company SpaceX has raised $334.7 in fresh equity funding round, according to regulatory filings cited by Reuters. Counted among the most valued companies in the world, SpaceX was valued over $100 Bn in October when it conducted secondary sale. The company, which competes with Jeff Bezos’ space company Blue Origin, had raised whopping $1.16 Bn in equity funding in April (Read more)
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Fiverr rolls out Pinterest-like-mobile feature
Freelance marketplace company is uncovering a new Pinterest like feature on its platform. The new feature will be called ‘Inspire’. Fiverr said that Inspire will make the content of the platform visually appeal and help in bridging the gap between freelancers and users in all together new way (Read more).
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Stung by crackdown, Chinese ride-hailing giant Didi’s losses deepens
Didi Chuxing has reported record-breaking loss of $6.4 Bn on the back of relentless regulatory crackdown in its native country China. This is approximately 1.7% drop in revenue on the quarterly basis. Last month, Chinese authorities forced Didi to delist from the U.S. stock exchange as part of the regulatory crackdown unleashed by the Chinese government against the so-called big tech companies (Read more)
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Apple has put Foxconn’s India plant on notice
Apple’s largest supplier Foxconn has said that it has temporarily shut down its factory in India’s southern state Tamil Nadu. The Foxconn factory in Tamil Nadu has been at the center of controversy after witnessing a spate of food poisoning cases in the factory. The has brought to light the alleged poor working condition of workers in the Foxconn factory (Read more)
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T-Mobile hit by another data breach
Mobile service giant T-Mobile has confirmed that it has suffered from data breach, citing that the latest hacking attack emanated from sim swapping attacks. The company has tried to play down the data breach attack, claiming that the attack has had minimal impact on the system (Read more)
