1)
Tesla delays Cybertruck Production Until 2023
Tesla’s CEO Elon Musk confirmed during company’s earning calls on Wednesday that the production of Cybertruck and Roadster won’t start later this year but in 2023. Apart from the battery issue, Musk said that “pricing” is still a big issue. He said that making Cybertruck affordable or bringing it in the affordable price range is still a big challenge. The company had originally priced Cybertruck at $39,900, which many believed that made this vehicle way too expensive (Read more)
2)
iPhone to soon accept credit card payment with contactless technology
Apple is planning to bring a software update to its iPhone that will help small merchants and business owners to accept credit card payments without the help of any external hardware Apple will be bringing this software update with the help of Canadian startup Mobewave. Currently, for accepting credit card payment on iPhone, merchants have to use payment terminals that plug in or communicate with the phone via Bluetooth such as Block Inc’s Square (Read more)
3)
Youtube Permanently bans Fox News host
Youtube has permanently banned popular Fox News host Dan Bongino from its platform for allegedly posting Covid-19 misinformation on its platform. Bongino happens to be one of the most popular and sought-after broadcasters in the U.S. and Canada. He is also one of the most followed conservative personalities and avid supporter of Donald Trump in the U.S (Read more)
4)
Meta to puts its Flop Crypto project “Diem Cryptocurrency” on sale
Meta is reportedly in talks with several investment banks to sell its assets in the cryptocurrency project Diem, formerly known as Libra. This is a significant set back for Meta, which had launched the Libra project with lot of fane fare back in 2019. The project was marked with several challenges since inception and the problem accelerated after big names like Visa, Paypal and Mastercard backed out from the project (Read more)
5)
Uber gets sued for $63 Mn by its Customer
Ride-hailing major Uber has been sued for whopping $63 Mn by one its customer, who hails from Massachusetts. In the lawsuit, the customer had blamed Uber driver for the accident that left him paralyzed (Read more)
