Richard Branson’s Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission. The company, headquartered in Long Beach, California, will cut 675 jobs, about 85% of its workforce, according to a Friday filing with the U.S. Securities and Exchange Commission. Earlier this month Virgin Orbit said that it was pausing all operations amid reports of possible job cuts. At the time the company confirmed that it was putting all work on hold, but didn’t say for how long. In January, a mission by Virgin Orbit to launch the first satellites into orbit from Europe failed after a rocket’s upper stage prematurely shut down. It was a setback in the United Kingdom which had hoped that the launch from Cornwall in southwest England would mark the beginning of more commercial opportunities for the U.K. space industry. The company said in February that an investigation … [Read more...] about Virgin Orbit collapse: Mass layoffs at Richard Branson’s satellite launch company after failed mission
Stocks you can buy directly from the company
Trump’s Criminal Charges To Be Overseen By Same Judge Who Sentenced His Company For Tax Fraud—And He’s Not Happy About It
Share to Twitter Share to Linkedin Topline Former President Donald Trump’s anticipated arraignment next week on criminal charges will be overseen by the same New York state judge who presided over the Trump Organization and former CFO Allen Weisselberg’s convictions for tax fraud—leading Trump to rail against the judge Friday as the ex-president lashes out against his indictment. Key Facts Trump’s case will be overseen by acting New York State Supreme Court Justice Juan Merchan, who the ex-president claimed on Truth Social Friday “HATES ME.” Merchan, who the New York Times notes previously served as an assistant district attorney in Manhattan—the same office that has now indicted Trump—presided over the Manhattan DA’s previous criminal cases against the Trump Organization and Weisselberg, who were charged with tax fraud related to gifts and other “off-the-books” compensation that executives received without the company paying tax on it. … [Read more...] about Trump’s Criminal Charges To Be Overseen By Same Judge Who Sentenced His Company For Tax Fraud—And He’s Not Happy About It
She Worked Undercover for the CIA. Now, Her Apparel Company Tops $10 Million in Annual Sales
Emily Hikade didn't plan on running a fast-growing startup. After a near-death experience, one thing just led to another. A case officer working undercover for the Central Intelligence Agency, Hikade's job had taken her family to nine countries on three continents, and she wanted a safer life for her children. During a flight over the Indian Ocean to meet an affiliate of a known terrorist group, Hikade's plane started to nosedive. "The lights went out and people were screaming," Hikade told Inc. 's What I Know podcast . "I had three little boys at home, and my youngest one wasn't even a year old. I could see them so clearly in my head, and I felt really profoundly sad that they were going to grow up without a mother." While aspiring entrepreneurs can feel like there's no ideal time to start a company, as the plane righted itself, Hikade thought, well, this is as good a time as any. In 2015, while working in East Africa, Hikade launched Petite Plume, a high-end … [Read more...] about She Worked Undercover for the CIA. Now, Her Apparel Company Tops $10 Million in Annual Sales
Beware Of Fake “Treatments” Or “Cures” For Dementia
Share to Twitter Share to Linkedin The Federal Trade Commission often issues warnings for consumers about scams of all kinds. They are raising the alarm about phony treatments and cures for Alzheimer’s disease and dementia, sending letters to the companies that advertise these fake products. We can understand why people who desperately want a cure for a disease that is currently not curable will look to the internet for promises. Alzheimer’s disease and related dementias create a long, sad, expensive journey for elders and their families. We address these every day at AgingParents.com, working with these families. No one wants to hear from doctors that there is no treatment to fix the disease and that no drug company has a cure. Denial leads folks to find a way to cope with the sad truth. Desperation for relief is an invitation to manufacturers who create false hope for those affected. Memory Supplements You may see the ads on TV or the internet … [Read more...] about Beware Of Fake “Treatments” Or “Cures” For Dementia
AI Image Creator Midjourney Halts Free Trials But It Has Nothing To Do With The Pope’s Jacket
Share to Twitter Share to Linkedin The popular AI image generator Midjourney halted free trials late Wednesday, leading many news outlets to blame fake photos of Donald Trump getting arrested and Pope Francis wearing a white coat , two images that recently went viral. But that’s not the reason Midjourney says it’s stopping free trials of the service. Midjourney CEO David Holz broke the news about the end of free trials on the company’s Discord channel, citing “extraordinary demand and trial abuse,” but that term “abuse” apparently confused a lot of news outlets, which assumed it had something to do with all the fakes that have recently gone viral. Holz, who tried to clarify things on Thursday, told The Verge that it was a “ misunderstanding .” The abuse Holz referenced was people creating multiple accounts in order to get around the free trial limits for the number of images that people could create. Specifically, a large influx of new users from … [Read more...] about AI Image Creator Midjourney Halts Free Trials But It Has Nothing To Do With The Pope’s Jacket