Technology

Peter Thiel’s Founder's Fund partners with Apeiron's Elevat3 tech fund

Peter Thiel-backed psychedelics firm to raise $100 million

Peter Thiel, co-founder of PayPal Inc.VCG | Getty ImagesATAI Life Sciences, a biopharmaceutical company aiming to make psychedelic drugs to treat mental health disorders, announced that it is planning to raise $100 million in an initial public offering.The Berlin-headquartered company, which counts billionaire investor Peter Thiel as one of its main backers, submitted an S-1

TikTok rose to popularity after it launched globally in 2018 but has come under fire for its data collection practices

Social media giant TikTok sued by former children’s commissioner over ‘shady’ data collection policy | Science & Tech News

The former children’s commissioner for England has launched legal proceedings on behalf of 3.5 million children under 13 against TikTok. Anne Longfield has alleged that the social media platform has illegally collected personal data from millions of children since May 2018 – when General Data Protection Regulation (GDPR) was introduced. The lawsuit is seeking compensation

Netflix will spend $100 million to improve diversity on film following equity study

Netflix correction quarter: Streaming giant stumbles

Rege-Jean Page and Phoebe Dynevor star in Netflix’s “Bridgerton.”NetflixInvestopedia defines a “correction” as the “decline of 10% or greater in the price of a security, asset, or a financial market.”This was Netflix’s correction quarter.Shares slumped more than 10% after hours after Netflix announced it had added just under 4 million subscribers in the first quarter

Netflix (NFLX) Q1 2021 earnings

Netflix (NFLX) Q1 2021 earnings

(L-R) Reed Hastings and Ted Sarandos attend the “Marseille” Netflix TV Serie World Premiere At Palais Du Pharo In Marseille, on May 4, 2016 in Marseille, France.Stephane Cardinale | Corbis | Getty ImagesNetflix is set to report earnings for the first quarter of 2021 after the bell on Tuesday.Here are the key numbers expected ahead

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