Daily Crunch: Tesla is closing retail stores

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1. Tesla closing retail shops in shift to online-only gross sales technique

Tesla is shifting all its gross sales on-line, a dramatic shift in its gross sales technique that may consequence within the closure of shops and a few layoffs because the automaker seems for tactics to cut back prices so as to carry a less expensive Mannequin Three to market.

CEO Elon Musk famous that some shops would stay and switch into data facilities and showrooms. The corporate didn’t say what number of shops or workers could be affected.

2. Twitter confirms it’s engaged on a ‘Disguise Tweet’ function

Prefer it sounds, “Disguise Tweet” features as a substitute for muting or blocking a consumer, whereas nonetheless providing some management over a dialog. On the identical time, an choice to “View Hidden Tweets” was additionally discovered to be within the works.

3. Revolut CFO resigns following cash laundering controversy

The startup and CFO Peter O’Higgins have been below strain after a Day by day Telegraph report revealed that Revolut switched off an anti-money laundering system that flags suspect transactions as a result of it was susceptible to throwing out false positives.

4. Samsung Galaxy S10+ evaluate

The 10th anniversary Galaxy arrives at a transitional time for Samsung — and the business at massive.

5. Amazon stops promoting stick-on Sprint buttons

Amazon has confirmed it has retired bodily stick-on Sprint buttons from sale, in favor of digital options that allow Prime Members faucet a digital button to reorder a staple product.

6. TiVo prepares to separate its enterprise into two because it pursues sale

DVR maker TiVo is making ready to separate its firm into two companies: one targeted on its merchandise like its Bolt household of DVRs, and the opposite on its licensing and mental property companies.

7. It’s a brand new period for fertility tech

Though the funding numbers are nonetheless comparatively small (in comparison with, say, scooters), the pattern is up. Kate Clark rounds up the newest from founders and buyers within the area. (Further Crunch subscription required.)

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