Michael J. de la Merced reports for the New York Times that Britannica has successfully adapted to the Wikipedia era by transitioning into an education software and AI agent provider, potentially considering an IPO at a $1B valuation. Once at risk of obsolescence, the encyclopedia maker has evolved into a digital learning powerhouse, positioning itself for public listing while staying relevant in the digital age. Britannica’s transformation highlights its resilience and ability to innovate in response to changing market dynamics, securing its place in the education technology sector.
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All of Canoo’s employees are reportedly on a ‘mandatory unpaid break’
EV startup Canoo recently furloughed dozens of employees without pay and informed the remaining staff of a "mandatory unpaid break" until the end of the year, locking them out of company systems by the end of Friday. The company, facing financial challenges with only $700,000 in the bank last month, announced a reverse stock split and aims to attract more investors. Canoo, founded in 2017, has struggled to sell electric vehicles and has faced executive...
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