Lordstown completed the sale of its EV factory to iPhone assembler Foxconn. The $230 million deal includes a joint venture to build Lordstown’s lineup of electric trucks. Struggling EV company Lordstown completed the sale of its Ohio factory to Foxconn, the Taiwanese company that assembles Apple’s iPhone. The factory, which sold for $230 million, will now become the site of a joint venture between the two
Disney Plus added almost 8 million new subscribers as Netflix struggles
Disney added almost 8 million new subscribers as its flagship streaming service continues to go. This is faster growth than HBO Max or Netflix saw this quarter. Disney added 7.9 million new subscribers to its Disney Plus streaming service during the first three months of 2022, the company announced in its Q2 earnings report on Wednesday. That brings the total to around 87.6 million worldwide, excluding the
US State Department announces $10 million bounty after Costa Rica ransomware attack
Last month, parts of Costa Rica’s government were hit by ransomware. The country’s president has declared a state of emergency, and the US State Department is targeting the perpetrators with a $10 million reward for information. In the wake of a massive ransomware attack on the Costa Rican government in April, the US government issued a notice last week declaring a bounty potentially worth millions of dollars on people involved with the Conti ransomware used in the hack.
Nvidia fined $5.5 million for hiding how many gaming GPUs were sold to crypto miners
The SEC has announced a $5.5 million settlement with Nvidia for not informing investors how many of its gaming GPUs were sold to cryptocurrency miners. Nvidia will pay $5.5 million to settle charges that it unlawfully obscured how many of its graphics cards were sold to cryptocurrency miners. The US Securities and Exchange Commission announced the charges and a settlement with the company today.
Amazon-owned PillPack settles DOJ insulin lawsuit for $6 million
PillPack, which Amazon bought in 2018, admitted to sending patients more insulin than Medicare and Medicaid rules allow. The company paid around $6 million to the federal government and states. Amazon-owned online pharmacy company PillPack agreed to pay nearly $6 million after admitting to giving patients more insulin at a time than Medicare and Medicaid allow, according to a settlement announced by the Department of Justice on Monday.
Paramount Plus subscriber count has grown to nearly 40 million
Paramount Plus has gained 6.8 million subscribers in the first quarter of 2022, amassing a total of 40 million subscribers. Paramount Plus’ subscriber count has ballooned to almost 40 million with the service gaining 6.8 million subscribers in the first quarter of 2022 alone, Paramount announced in its earnings report on Tuesday. An increase in subscriber count led to
Microsoft says more than 10 million people have streamed games on Xbox Cloud Gaming
More than 10 million people have streamed games over Xbox Cloud Gaming, Microsoft CEO Satya Nadella said Tuesday during the company’s third-quarter earnings call. More than 10 million people have streamed games over Xbox Cloud Gaming, Microsoft CEO Satya Nadella said Tuesday during the company’s third-quarter earnings call. Cloud gaming is a feature that’s only available as part of the $14.99 per month
Reddit is spending $1 million to fund its users’ best ideas and competitions
Reddit’s newly expanded Community Funds program will spend between $1,000 and $50,000 on grants to communities around the platform, all to help users get their projects and contests going. Reddit is expanding its Community Funds program, the company announced this week, and it plans to spend $1 million funding various projects across the platform. “We will invite communities to submit ideas for projects, events, contests, giving,
Thief steals $1 million of Bored Ape Yacht Club NFTs with Instagram hack
After compromising the official Instagram account for the Bored Ape Yacht Club NFT project, a hacker used a phishing link to steal more than 100 NFTs from victims, the most valuable of which was worth $350,000. A hacker has stolen NFTs worth millions of dollars after compromising the official Instagram account for Bored Ape Yacht Club (BAYC) and using it to post a phishing link that transferred tokens out of users’ crypto wallets. The hack was disclosed
Dota 2’s The International will take place in Southeast Asia for the first time
Heading to Singapore this fall Dota 2’s annual tournament, The International, will take place in Singapore this October. While Valve has held The International in the US, Canada, China, Germany, and Romania in the past, this is the first time the global esports competition is
Hyundai is building EV and battery production facilities in Georgia
Hyundai is building facilities dedicated to manufacturing electric vehicles and batteries in Savannah, Georgia. The plant will create over 8,000 jobs and produce 300,000 vehicles annually. Hyundai is building facilities dedicated to manufacturing electric vehicles (EVs) and batteries in Savannah, Georgia, marking Hyundai’s first EV-only plant in the US (via CNBC). The South Korean automaker will spend $5.5 billion on the new