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X in talks to raise money at a $44B valuation

​[[{“value”:” Elon Musk’s X is in talks to raise money from investors at a $44 billion valuation, Bloomberg News reports. Musk purchased X, formerly known as Twitter, for the same price back in 2022. The news comes as Fidelity Investments marked down its Twitter stake back in December by around 70% from the 2022 sale price […] © 2024 TechCrunch….

Bumble sunsets acquired apps, Fruitz and Official, to cut costs

​[[{“value”:” Bumble is discontinuing its two acquired apps, the dating and relationship apps Fruitz and Official. The move was shared during the company’s fourth-quarter earnings call. As explained by CEO Lidiane Jones during the call, the choice to discontinue Fruitz, a French dating app, and Official, an app designed to help couples strengthen their relationships, allows […] © 2024 TechCrunch….

Troubled electric truck maker Nikola files for bankruptcy

​[[{“value”:” Hydrogen electric trucking startup Nikola Corp. filed for Chapter 11 bankruptcy protection Wednesday after it failed to find a buyer or secure additional funds to maintain operations.  Nikola was once a Silicon Valley darling, valued at $30 billion in June 2020 after it went public through a special purpose acquisition merger. But a series of […] © 2024 TechCrunch….

Studying and restoring Canada’s peatlands and their carbon storage superpower

Studying and restoring Canada’s peatlands and their carbon storage superpower

​[[{“value”:” Studying and restoring Canada’s peatlands and their carbon storage superpower Published: Healthy peatlands capture and store a huge amount of carbon, helping to mitigate climate change. However, industrial activities, such as oil and gas exploration and mining, threaten this storage potential. At the University of Waterloo in Canada, Professor Maria Strack is investigating how disturbance affects peatlands’ ability to…

NIH funding uncertainty spurs new biotech venture fund

​[[{“value”:” Earlier this month, the Trump administration directed the National Institutes of Health (NIH) to impose limits on specific types of funding it provides to research institutions. Although a federal judge has temporarily blocked the policy change, government grants to early-stage biotech startups could still face delays or be eliminated entirely, said Chris Gibson, co-founder and […] © 2024 TechCrunch….