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Tesla’s quarterly profit surpasses $1 billion
Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analyst expectations and marked the first time the company’s quarterly profit (on a GAAP basis) has passed the three-comma threshold. The results pushed shares up more than 2.2% in after-hours trading. Tesla was able to beat expectations […]
Duolingo boosts IPO price target in boon to edtech startups
Duolingo is now targeting a $95 to $100 per share IPO price range, up from $85 to $95 per share, or a gain of around 12% at the bottom and 5% at the top.
Glyphic Biotechnologies raises $6M to accelerate protein sequencing by orders of magnitude
The whole human proteome may be free to browse thanks to DeepMind, but at the bleeding edge of biotech new proteins are made and tested every day, a complex and time-consuming process. Glyphic Biotechnologies accelerates the critical but slow sequencing step, potentially cutting drug development times down by a huge amount, and the startup just […]
Polestar to double its retail stores as it seeks to ramp up EV sales
Polestar plans to launch in nine more markets this year, doubling its global presence as it seeks to sell more of its electric sedans.
I get it, Elizabeth Holmes
The next time someone jokes at a cocktail party about Elizabeth Holmes’ baritone voice, remind them how dumb is it that we give more money to people with deep voices.
A magnetic helmet shrunk a deadly tumor in its first test
We’ve seen helmets and AI that can spot brain tumors, but a new hard hat can actually treat them, too. Researchers used a helmet that generates a magnetic field to shrink a deadly tumor by a third.
As China shakes up regulations, tech companies suffer
Things in China seem to be changing for the worse, in terms of both future access to foreign capital for Chinese companies and doing business in the country overall.
Early bird savings on passes to TechCrunch Disrupt 2021 end this week
Tick tock, early-stage startup fans: If you plan to attend TechCrunch Disrupt 2021 (September 21-23), time is running out to score a pass to the world’s leading conference dedicated to tech startups — for less than $100. The early bird sale ends this week, so buy your pass here before the deal expires on July […]
Queenly’s marketplace for formalwear gets millions in round led by A16z
Queenly, a resale marketplace for formalwear, announced on Friday that it has grown its seed round to $6.3 million in a financing round led by Andreessen Horowitz’s Connie Chan. The financing event brings Queenly’s total venture raised to date at $7.1 million. Queenly sees itself as a “StockX” for formalwear, but has its own hold […]