Amazon in talks to buy secretive self-driving car company Zoox for less than $3.2 billion
Amazon is in late-stage discussions to acquire secretive self-driving car company Zoox, according to the Wall Street Journal. According to the Journal, the deal, if it happens, would value Zoox at less than the $3.2 billion valuation it attracted at its previous fundraising in 2018. And it would also expand Amazon's reach in autonomous driving, with the firm investing in self-driving car startup Aurora in February 2019. Business Insider's Mark Matousek previously reported that self-driving car startups are going through a tough patch during the pandemic, noting that Zoox and other companies have had to lay off staff.
Zoox's progress so far has not been totally smooth.
Remote working boosts Monday.com valuation to $2.7b
Israeli team and work operating system Monday.com has seen its valuation rise sharply because of the Covid-19 crisis and the platform's ability to facilitate remote working. The Tel Aviv-based company raised $150 million last July at a company valuation of $1.9 billion, but Monday.com is now worth $2.7 billion, a 45% rise in valuation, "according to people familiar with the matter "Bloomberg" said.
Monday.com has developed a system that enables users to manage all aspects of their work: annual strategic planning, current tasks, working with customers, etc. and of course remote working. The system contains many work formats suitable for different enterprises and different employees within the same enterprise. The company also emphasizes flexibility for users.
Anti-Bacterial Fabric Startup Sonovia is Headed to NASDAQ
Sonovia develops sonochemical coating for fabrics to make them anti-bacterial and odorless.
Israel-based anti-bacterial fabric startup Sonovia Ltd. is trying to hop on the coronavirus (Covid-19) bandwagon all the way to NASDAQ. After its Sono Mask 9889 mask was approved for distribution and sale in the U.S. by the U.S. Food and Drug Administration (FDA), the company plans to register for trading on the OTC secondary list and aims for a $50 million valuation, though it has no significant revenue yet. The company is still in the process of obtaining FDA approval for the institutional market, as they cannot be used by hospital medical staff yet.
The company’s mask is made from virus and bacteria repellent fabrics. Sonovia had originally intended to enter primarily the hospital market and offer anti-bacterial sheets, but since the outbreak of the epidemic, it has pivoted and began to manufacture masks from its patented fabric. The masks are multipurpose and can be washed up to 100 times, according to company statements.
Twitter adds a warning label fact-checking Trump’s false voting claims
On the heels of a furor over his tweets accusing MSNBC host Joe Scarborough of murder, Twitter has quietly begun to fact-check the president.
A new label prompting Twitter users to “Get the facts about mail-in ballots” appeared on a series of tweets in which the president baselessly claimed ballots received through mail-in voting methods are “fraudulent.”
In a statement to TechCrunch, a Twitter spokesperson said the pair of tweets from the president “contain potentially misleading information about voting processes and have been labeled to provide additional context around mail-in ballots.”
Clicking through the new prompt from Twitter brings users to a fact-checking page debunking the president’s false claims with the header “Trump makes unsubstantiated claim that mail-in ballots will lead to voter fraud.”
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