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Report: Faraday Future's Chief Designer Resigns

socalTECH

A report this morning says that the Chief Designer for Los Angeles-based Faraday Future , Richard Kim, has resigned--and many employees are skipping work as the company continues to look for investment. The report, from The Verge, follows earlier, high profile executive departures at the electric car designer in November.

Design 147
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Report: Faraday Future Loses Key EV Designer

socalTECH

Troubled, Los Angeles-based electric vehicle startup Faraday Future has lost a key electric vehicle designer, among a number of layoffs at the company over the last few weeks, according to a report. READ MORE>>.

Design 113
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Fisker Teases Design Of New Car, In Deal With Foxconn

socalTECH

Details on the new vehicle so far are light, but Fisker said that Foxconn is jointly investing in the vehicle, and will share the proceeds from sales. Manufacturing is reported to be targeted at Q4 of 2023. The design is going to be freaking amazing! Signed and sealed!

Design 113
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Faraday Future Founder Resigns, Company Effectively Insolvent, Says Report

socalTECH

The company's chief designer left yesterday. The departures come as a result of a split between the company's Chinese investment backers and management. Los Angeles-based Faraday Future founder Nick Sampson says that the company is "effectively insolvent", and has resigned from the company, according to The Verge. READ MORE>>.

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7 Grants For Black-Owned Businesses to Apply For in 2024

Tech.Co

In addition to the regular pressures of running a business in this climate, Black business owners have to contend with discriminatory lending practices from banking institutions and racial prejudices from buyers – with a recent report revealing that 76% of Black business owners claim they’ve experienced racism from a customer.

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Introducing Trust, and the Importance of Product-Founder Fit

Both Sides of the Table

Digital advertising spend is projected to grow 25% this year to $191 billion, and Google (69%), Facebook (59%), Snapchat (116%) and Twitter (87%) all just reported rapid growth in their year over year advertising revenues. Why Did I Invest in Trust? that’s where the customers are. For these companies, it looks like a rosy picture.

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

To put that into context; Affirm’s financial report in May projected it would process $8.04 While the company was profitable for its first 14 years of life, it has not been profitable the last two, according to Siemiatkowski, and that’s been by design. Now we have more cash and money available to invest further in the long term.”.