EV startup Canoo has filed for bankruptcy

Photo by NASA / Isaac Watson Canoo announced yesterday it is ceasing operations “immediately” and that it has filed for Chapter 7 bankruptcy in Delaware. The EV startup estimates in its filing that its assets are worth $126 million and that it owes over $164 million to its creditors, TechCrunch noted yesterday. Now, the US…

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Instagram Reels can be 3 minutes long now

Illustration by Kristen Radtke / The Verge Instagram will now let you upload Reels that are up to 3 minutes long, doubling the 90-second limit the platform had in place before, Instagram boss Adam Mosseri announced today. He credits today’s change to users’ feedback saying that the 90 seconds “is just too short.” That’s a…

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Donald Trump appears to have launched a meme coin

Image: Laura Normand / The Verge Donald Trump has launched a new meme coin, according to posts from his X and Truth Social accounts last night. The posts, which have come just days before Trump’s inauguration, were initially met with suspicion by many that his accounts had been hacked. Skeptics highlighted by Decrypt last night…

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How TikTok backed itself into a corner

Image: Cath Virginia / The Verge, Getty Images You’d think that TikTok would have a Plan B by now. It’s now clear the company never planned for a scenario in which it would lose to the Supreme Court. Maybe it couldn’t, given that the Chinese government ultimately has final say on a sale. Now, TikTok’s…

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