Business Name Generator News Digest December 2, 2022

What’s happening in branding, business, startups, and entrepreneurship? We bring you a new roundup every week. Get your weekly news in an easy-to-digest form.

Elon Musk Is Fighting Apple

Things haven’t been boring in Twitter’s offices since Elon Musk took over. Recently, Musk apparently picked a fight with none other than Apple.

Elon Musk vs Apple

It all started with a claim by Musk in which he stated that Apple was threatening to ban Twitter from the App Store. 

Musk claims they’re doing this because Twitter has a free speech policy that Apple isn’t happy with. Apple hasn’t yet issued an official statement on these allegations.

To back up his claims, Musk also shared that Apple has pulled most of its advertising from Twitter. This isn’t necessarily related, however, as many major brands have decided to stop running ads on the platform due to security concerns and changes in content moderation. 

One thing is for sure – Apple does indeed have content moderation policies for apps in the App Store. But it’s safe to say that it’s not difficult to comply, as both Truth Social and Parler have complied with the requirements. 

Apple mandates that apps shouldn’t use “content that is offensive, insensitive, upsetting, intended to disgust, in exceptionally poor taste, or just plain creepy.”

It could be that Apple is concerned with thousands of banned Twitter accounts that got reinstated since Musk took office. 

Musk definitely needs Apple to survive. We’re sure that the companies will come to an agreement sooner or later.

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A European Meal Replacement Startup Is Valued At Over Half A Billion Dollars

The dietary supplements and meal replacement products industry is booming. It’s currently estimated to be worth more than $150 billion worldwide and is expected to grow rapidly in the coming years.

Meal replacement startup

Huel is a UK-based startup that sells nutritional supplements. The company launched in 2017 with a low-sugar, plant-based, sustainable protein powder. Since then, it’s expanded its product line to include ready-to-drink complete meals, snack bars, hot lunches, and more. 

The company now sells globally, with the U.K., U.S., Germany, and Japan being its largest markets. Currently, about 250 people work at Huel. The company generates more than $170 million in revenue each year. 

James McMaster, the CEO, attributes the company’s strong performance to customer growth, hot lunch products, and the transition to retail. Originally, Huel was a direct-to-consumer brand.

Huel just announced a $24 million infusion round with Idris Elba joining the venture fund. This new round values Huel at $560 million. 

Idris Elba explains what prompted him to join.

“I believe in their mission to deliver nutritionally complete food, sustainably. We have some exciting projects coming up and I look forward to spreading the message and raising awareness around healthy, low carbon food.”

What do you think about nutritional supplements? Do you use them?

Binance Is Expanding To Japan

Binance has acquired 100% of Sakura Exchange BitCoin, a registered crypto exchange in Japan. The Japanese government has shown great interest in blockchain technologies and started attracting foreign startups to serve the world’s third-largest economy. 

Sakura Exchange BitCoin is regulated by the Japan Financial Services Agency. The purchase of the company has greatly facilitated Binance‘s entry into Japan. 

Takeshi Chino, general manager of Binance Japan, explains:

“We will actively work with regulators to develop our combined exchange in a compliant way for local users.”

Japan still lags behind its Asian peers in cryptocurrency adoption. According to a recent study, Japan ranks 26th in global crypto adoption, with Vietnam and the Philippines taking the top two spots.

Starting a crypto company?

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This $2 Billion Startup Is Robotizing Warehouses 

Locus Robotics develops warehouse robots that make supply chains more efficient. The robots can automatically move goods from one part of the warehouse to another. This streamlines the process and allows companies to work faster.

The company just announced a Series F funding round of more than $117 million. This round values Locus Robotics at nearly $2 billion. 

Rick Faulk, CEO of Locus Robotics, said:

“This new round of funding marks an important inflection point for Locus Robotics as we look toward our next stage of growth, and we strategically chose to bring in investors with a wealth of experience in both public and private markets to advise us as we continue our journey.” 

Do you think warehouses will soon be completely robotized? 

LastPass Got Breached Again

LastPass is one of the most popular password managers in the world. The company has just announced a security incident in which its security systems were compromised. What’s worse, it was already the second incident of this kind this year. 

The company stated that an unauthorized party gained access to some customer data stored with a third-party service. It’s not yet entirely clear what information was accessed.

Fortunately, customer passwords are securely encrypted, so they cannot be used even if someone has access to them. 

However, these incidents raise a question: Do we trust password managers with data that’s too valuable for us?

New iOS Update Comes With Crash Detection Improvements And Security Fixes

iOS 16.1.2 was released on Wednesday with user security updates. We don’t know exactly what security issues were fixed, as Apple doesn’t disclose them until they’re fixed 

The new update also improves the crash detection feature found in iPhone 14. Some users reported that roller coaster riders and similar adrenaline sports were triggering the crash detection feature. Apple didn’t specify if this was fixed with the latest patch, but it’s likely that this was part of the update. 

Apple is expected to launch iOS 16.2 in December. This version is currently in beta testing.

Author

Matija

Matija

Amazing content is the core of what we do. With more than 5 years of experience in branding, name development, and business, Matija helps create and manage content production.

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