Electric Vehicles Cut US Gas Consumption by a Measly 0.54%

Electric vehicles have never been more popular. Just about every automaker is in the midst of an electrification effort, spurred on by impending government regulations around the world aimed at reducing our dependency on fossil fuels. But is the movement having an effect? Here in the US, plug-in vehicles are selling better than ever, despite … Read more

Elon Musk is delaying Twitter’s paid verification to avoid Apple’s 30 percent cut

Twitter’s revamped Blue subscription might not be available as an in-app purchase on iOS when it eventually relaunches so that it can dodge Apple’s 30 percent cut of App Store purchases, according to Platformer. When the new Blue was briefly available earlier this month, you could only purchase it through Twitter’s iOS app. But while … Read more

Atoa helps UK merchants cut down on card processing fees • TechCrunch

Visa and Mastercard payments are convenient for customers, but can cost merchants high processing fees. Atoa Payments wants to provide a cheaper alternative that is still easy for customers to use. The London-based fintech announced today that it has raised $2.2 million in pre-seed funding. The round was led by Leo Capital and Passion Capital, … Read more

Jumia to cut products and overheads as new management chase profits • TechCrunch

Last Monday, Jumia co-founders Sacha Poignonnec and Jeremy Hodara resigned from their roles as co-CEOs, just ten days before the company’s third-quarter 2022 financial report. The end of their tenure, therefore, marked the first time a new face — Francis Dufay, the ex-chief at Jumia Ivory Coast and now acting CEO of Jumia — took … Read more

SaaS startups that ignored VC advice to cut sales and marketing better off this year

Venture-backed startups have had to make myriad spending cuts this year in an attempt to either live up to a high valuation, minimize their burn rate or both. But new data from fintech Capchase shows that many startups — especially venture-backed ones — seem to be getting the wrong advice concerning where to downsize. Capchase, … Read more

Twitter reportedly cut thousands of contractors without warning

Twitter eliminated a large number of contract employees on Saturday, affecting anywhere from 4,400 to 5,500 workers, according to Platformer‘s Casey Newton. As noted by Platformer and confirmed by other reports from Axios and CNBC, most contract employees didn’t receive any notice that they’ve been terminated and only found out after losing access to the … Read more