Facebook invests $5.7B in India’s Reliance Jio

Facebook invests $5.7B in India’s Reliance Jio

Facebook has enjoyed unparalleled reach in India for more than a decade. But as China’s fast-growing ByteDance emerges as a formidable competitor in what has become the world’s second largest internet market, the American giant has found the horse it wants to bet on...
Porsche to produce a cheaper version of its all-electric Taycan

Porsche to produce a cheaper version of its all-electric Taycan

Porsche is producing three variants of its all-electric Taycan sports sedan with base prices that range from a skosh over $105,000 to $185,000. Now, it seems the automaker is preparing to introduce a cheaper rear-wheel-drive version, according to an interview in Car...
Casper winds down European operations and lays off 78 people

Casper winds down European operations and lays off 78 people

Mattress company Casper is shutting down its European operations and laying off 78 people as it focuses on “achieving profitability,” according to a statement by the company. The layoff impacts 21% of its corporate workforce globally. In the statement, the company...