Virgin Orbit gets stripped for parts as the company shuts down

Once-successful Virgin Orbit has been sold for parts at auction after the company declared bankruptcy in April. In a $16.1 million deal, Rocket Lab USA, a small satellite launch provider and aerospace manufacturer, bought Virgin Orbit’s 144,000 square foot Long Beach headquarters and a variety of on-site machinery and equipment. Rocket Lab USA is currently … Read more

Sony says it sold 600,000 PS VR 2 units in six weeks

Apparently, the PlayStation VR2 sold way better than its predecessor in the weeks after it became available. During a business presentation, Sony has revealed (PDF) that it sold almost 600,000 PS VR2 units within its first six weeks of availability. That’s around 8 percent more than its PS VR sales for the same time window. … Read more

Soundcloud will lay off eight percent of its staff in hopes of becoming profitable

Last August, SoundCloud cut its workforce by 20 percent, citing “the challenging economic climate” for the layoffs. That’s been a common refrain among companies reducing staff in recent years — with companies like Google, Meta, Amazon and more framing layoffs as restructuring or cost cutting measures. Now, SoundCloud says it will be cutting staff by … Read more

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