Cards Against Humanity purchases news parody site ClickHole
The popular card game company Cards Against Humanity has announced its acquisition of news parodying website ClickHole from G/O Media, a private equity group whose union recently passed a vote of no confidence in the top management. The amount paid for the all-cash deal has not been released, but CAH founders have stated they will restructure ClickHole as a majority employee-owned company.
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Intel confirms acquisition of Moovit in a $900 million deal
American multinational corporation and technology company Intel confirmed today that the company is acquiring an Israeli transportation and mobility startup Moovit in order to grow its automotive division. Moovit analyses urban traffic patterns and provides transportation recommendations with a specific focus on public transit. Intel is paying around $840 million for the startup
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SpaceX Starship destroyed in pressure testing
SpaceX's latest Starship prototype, named the SN3, suffered a catastrophic failure during a cryogenic proof test, which tests the spaceship's integrity by subjecting it to pressures similar to what it would face during a test flight. The company's founder and CEO Elon Musk posted on Twitter that the failure may have been caused by a faulty configuration.
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Zoom shelves development to address privacy issues
Eric Yuan, the founder and CEO of video conferencing app Zoom, which has shot to 200 million daily active users amid the coronavirus pandemic, has announced that the company will be putting roll-out of new features on hold after Zoom received widespread criticism over its treatment of user privacy and security. Yuan says the company will instead focus on fixing the issues users are facing with the software.
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Game show app HQ Trivia shuts down
Game show app HQ Trivia shuts down
Built by two of the founders of the popular, now-defunct short video sharing platform Vine, HQ Trivia was an app that allowed users to win real money by participating in an online mobile-based game show, answering trivia questions on various subjects. But due to several issues, its userbase fell from a peak of 2.3 million to just 67,000 last month, causing the founders to shut it down.
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