Bird files for bankruptcy after going public in 2021

After laying off nearly a quarter of its staff last year, e-scooter rental company Bird has filed for Chapter 11 bankruptcy, the company announced. Existing lenders have agreed to purchase the assets and the company is being kept afloat via a $25 million loan from Apollo Global Management (Yahoo and Engadget’s owner) and second-lien lenders, … Read more

Apple is reportedly scrambling to update Apple Watch software to avoid a looming ban

Apple is scrambling to make software updates to Apple Watch algorithms that measure blood oxygen levels to avoid an impending ban on the smartwatch in the US over a patent dispute, Bloomberg reported. Changing how the Watch measures oxygen saturation, Apple believes, could help keep the Watch on shelves during the busy holiday shopping season. … Read more

The DOJ says it disrupted the Blackcat ransomware group

The DOJ says it disrupted the Blackcat ransomware group

The US Department of Justice says it has disrupted the Blackcat ransomware group. Also called ALPHV or Noberus, the hackers have targeted over 1,000 computer networks and extorted millions of dollars from victims. Bloomberg reports its members were known for speaking Russian. “In disrupting the BlackCat ransomware group, the Justice Department has once again hacked … Read more

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