Instacart Reveals $428 Million in Profit but Slowing Growth Ahead of I.P.O. - New Price Announced

Today's Technology News Summary - September 1, 2023

Instacart

Virgin Galactic's president explains how VSS Unity is now flying frequently

Virgin Galactic has announced that it will conduct its next commercial spaceflight, Galactic 03, as early as September 8, marking the company's third commercial spaceflight. This flight will carry three passengers who bought their tickets in the early 2000s. Virgin Galactic has been able to achieve a monthly flight cadence after a long downtime, with this upcoming flight being their fourth in four months.

To learn more about Virgin Galactic's recent achievements and their plans, read the full article here.


Instacart Reveals $428 Million in Profit but Slowing Growth Ahead of I.P.O.

Instacart, the popular grocery delivery platform, has reported a profit of $428 million, with nearly 30% of its revenue coming from advertising. However, the company has also revealed that grocery orders were flat in the first half of this year, indicating a slowing growth rate. This news comes ahead of Instacart's planned initial public offering (IPO).

To read more about Instacart's financial results and its plans for the future, click here.


How to set up multiple users on your Android device

If you have an Android phone or tablet, you can set up multiple logins and switch between them, similar to Windows and macOS. This feature allows for sharing devices with others or easily switching between work and personal Google accounts. Each user gets their own customization settings and storage space, providing a personalized experience for each user.

To learn how to set up multiple users on your Android device, follow the step-by-step guide here.


DCG reaches in-principle deal with Genesis creditors

DCG (Digital Currency Group) has reached an in-principle deal with Genesis creditors to resolve bankruptcy claims, with estimated recoveries of 70%-90% for unsecured creditors. The plan is expected to result in significant recoveries for creditors in USD equivalent or on an in-kind basis.

For more information on this deal and the potential recovery for creditors, check out the full article here.


Sources: Ars Technica, The New York Times, The Verge, CoinDesk

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