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Palm.hr raises $5M, embarks on MENA growth

TechCrunch

Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on Saudi Arabia, against the backdrop of $5 million pre-Series A funding it has raised, in a round led by Europe-based VC Speedinvest, which marked its debut into Saudi Arabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital. “We

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NSO’s Pegasus spyware: here’s what we know

The Verge

Some of the stories have been shocking, with allegations that fully updated smartphones can be hacked with a single text message , and reports that two women close to murdered journalist Jamal Khashoggi were among those targeted by a government agency using the spy tool. In short, NSO Group makes products that let governments spy on citizens.

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The UAW wants to unionize EV startup factory workers

The Verge

The National Labor Relations Board ultimately ruled that Musk’s comments should be considered union-busting and broke the law. While a lot of attention has recently been paid to organizing efforts in tech and media industries, the number of non-government employees who belong to a union has fallen slightly over the last decade.

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Muslims come into the frame in Southeast Asia’s fintech boom

TechCrunch

These factors are proving fertile ground for establishing and growing fintechs that focus exclusively on Islamic finance, offering products and services that follow shariah law. Shariah law calls for a different approach to financial services, and conventional banks are also launching products for Muslim customers.

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Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

The lawsuit alleged that the social network “fuels its business with countless infringing copies of musical ‘compositions, violating Publishers’ and others’ exclusive rights under copyright law.” The app even appears to have deleted its web page explaining the “government-funded media” labels.

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The Station: Elon’s Tesla share sale, Ford teases a second EV truck and GM’s Cruise spending ramps

TechCrunch

Instead, e-scooters can only be legally ridden as part of government-backed rental pilots. The government of Saudi Arabia , which is connected to the kingdom’s Public Investment Fund that owns 61% of Lucid Group , agreed to buy 100,000 of the automaker’s electric vehicles over the next decade.

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Tim Cook’s Apple, ten years later

The Verge

Even in 2019, when Saudi Arabia opened up state-owned oil company Saudi Aramco for trading, it didn’t dominate for long : Apple surpassed it last July on its way to a $2 trillion market cap , and Apple is approaching $2.5 trillion now. It’s the rare tech giant that isn’t using your data as a revenue stream.

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