VIRGIN ORBIT RUNS OUT OF MONEY BYTEDANCE PROMOTES A TIKTOK SUBSTITUTE AND CANOO AGREES TO A SETTLEMENT WITH THE SEC

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FOR THOSE WHO ARE UNFAMILIAR TECHCRUNCH SUMMARIZES ALL THE RECENT TECH NEWS FOR THE WEEK ON WIR.

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ITS SIMILAR TO THE MORNING NEWSPAPER BUT IN DIGITAL FORM AND DEVOID OF ALL THE NON-TECHNICAL EXTRAS.

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SCROLL DOWN FOR THE ROUNDUP FOR THIS EPISODE. BUT BEFORE YOU DO THAT REMEMBER TO LOOK OVER TECHCRUNCHS SCHEDULE OF FORTHCOMING EVENTS.

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INCLUDES THE BOSTON STARTUP-FOCUSED EARLY STAGE ON APRIL 20 AND OUR MASSIVE CONFERENCE DISRUPT WHICH WILL TAKE PLACE IN SAN FRANCISCO FROM SEPTEMBER 19–21.

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CRASH AND BURN: IN ORDER TO FURTHER CUT COSTS VIRGIN ORBIT IS DISMISSING ALMOST 85% OF ITS PERSONNEL.

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BECAUSE THE BELEAGUERED SPACE CORPORATION CLAIMED IT COULDNT FIND MORE MONEY TO KEEP IT OPERATING.

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THE INFORMATION WHICH VIRGIN ORBIT SUBMITTED ON THURSDAY TO THE U.S. SECURITIES AND EXCHANGE COMMISSION

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COMES ONLY TWO WEEKS AFTER THE BUSINESS PLACED ALL OF ITS EMPLOYEES ON FURLOUGH AND TOOK A "OPERATIONAL STOP" TO RAISE ADDITIONAL MONEY.

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THE SUBSTITUTE TIKTOK: AS US POLITICIANS ADVANCE WITH THEIR ATTEMPTS TO PROHIBIT OR COMPEL THE SALE OF THE APP THE CHINESE PARENT FIRM

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ANOTHER OF BYTEDANCES SOCIAL NETWORKS IS PROPELLING ITSELF INTO THE TOP RANKS OF THE US APP STORE.

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LEMON8 AN INSTAGRAM COMPETITOR OWNED BY BYTEDANCE THAT BILLS ITSELF AS A "LIFESTYLE COMMUNITY" HAS ENTERED ONE OF THE U.S.

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ON MONDAY THE TOP-DOWNLOADED APPS ON THE APP STORE ROSE TO THE TENTH SPOT OVERALL IN BOTH APPS AND GAMES.

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TWITTERS APIS NOW CHARGE A FEE: ON WEDNESDAY AFTER WEEKS OF DELAYING TWITTER OFFICIALLY REVEALED ITS NEW PRICE PLANS FOR ITS APIS.

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A BASIC FREE LEVEL A LEVEL THAT COSTS $100 PER MONTH AND AN EXPENSIVE ENTERPRISE LEVEL ARE THE THREE LEVELS. THE FREE LEVEL IS PRIMARILY DESIGNED FOR CONTENT-POSTING BOTS.

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ALL LEVELS OF SUBSCRIBERS HAVE FREE ACCESS TO TWITTERS ADVERTISEMENTS API.

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ALL LEVELS OF SUBSCRIBERS HAVE FREE ACCESS TO TWITTERS ADVERTISEMENTS API.

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THE COMPANYS PRIMARY OFFERINGS ARE HARDWARE CRYPTOCURRENCY WALLETS WITH A HIGH LEVEL OF SECURITY THAT RESEMBLE USB KEYS AND INCLUDE A SMALL SCREEN TO DISPLAY TRANSACTION CONFIRMATIONS.

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