Fisker Faces Customer Losses, Robinhood Introduces Credit Card, and Google Develops Travel Itinerary Generator
Welcome to Week in Review (WiR), TechCrunch’s newsletter where we cover the significant events in the tech industry from the past week.
This week, TC’s auto reporter Sean O’Kane uncovered how EV startup Fisker faced challenges in tracking millions of dollars in customer payments as it expanded its delivery operations. This led to an internal audit initiated in December, which lasted several months.
Meanwhile, Lorenzo delved into revelations about Facebook’s covert monitoring of users’ Snapchat activity under the project codenamed “Project Ghostbusters.” Court documents revealed Meta’s efforts to intercept and decrypt network traffic between Snapchat users and servers.
Additionally, Manish reported on the resignation of Stability AI’s founder and CEO, Emad Mostaque. His departure from Stability AI, renowned for its image generation tool Stable Diffusion, coincides with the company’s financial struggles, reportedly spending approximately $8 million monthly as of October 2023 with minimal revenue.
These are just a few highlights from a week filled with noteworthy developments in the tech world. Dive into this edition of WiR for a comprehensive recap of all the latest news. And don’t forget to subscribe to receive the WiR newsletter in your inbox every Saturday.