• Business of Technology News Now

  • By: Zeitpedia
  • Podcast

Business of Technology News Now

By: Zeitpedia
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  • Summary

  • The latest news on the Business of Technology in less than 5 minutes. Updated throughout the day.
    © 2022 Zeitpedia
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Politics & Government
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Episodes
  • State of European Tech: Funding Down, But Industry Still Growing

    State of European Tech: Funding Down, But Industry Still Growing
    Dec 7 2022
    European tech startups are expected to raise $85 billion this year, down from $100 billion last year. The figures come from the latest State of European Tech report from London VC firm Atomico. The report highlights the pressure the tech industry is under in Europe, with a drop in funding and a slowdown in investment. However, the European tech ecosystem has still grown significantly in recent years, with more than double the amount of funding raised in 2020 than in 2018. There is a significant gender gap in the European tech industry, with 87% of VC funding going to male-only teams.
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    1 min
  • Ramesh Balwani to Be Sentenced for Theranos Fraud

    Ramesh Balwani to Be Sentenced for Theranos Fraud
    Dec 7 2022
    Ramesh "Sunny" Balwani, the former romantic partner of Elizabeth Holmes and president of disgraced blood testing company Theranos, is set to be sentenced on Wednesday for 12 counts of fraud and conspiracy. Prosecutors have argued that the severity of the fraud and the need to "promote respect for the law" warrant a prison term of 15 years for Balwani, while his lawyers have said that probation would suffice. The sentencing comes weeks after Elizabeth Holmes, the founder of Theranos and Balwani's ex-girlfriend, was sentenced to more than 11 years in prison. During her trial, Holmes alleged that Balwani psychologically and physically abused her over the course of their romantic relationship -- accusations that he forcefully denied. Before joining Theranos, Balwani had a career as a software executive. Balwani, nearly 20 years older than Holmes, first met her in 2002 before she dropped out of Stanford. He served as an informal adviser to Holmes in Theranos' earliest days and the two became romantically involved.
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    1 min
  • The Facebook Oversight Board Criticizes Cross Check Program

    The Facebook Oversight Board Criticizes Cross Check Program
    Dec 6 2022
    The Facebook Oversight Board has criticized the company's Cross Check program, which moderates content posted by high-profile users, for being driven more by Meta's desire to avoid negative PR than by a commitment to safeguarding the public. The board has called for significant changes to the program, including increased transparency and accountability. Nick Clegg, Meta's president of global affairs, has said that the company will respond to the report within 90 days.
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    1 min

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