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German `flying taxi` firm Lillium takes $90 million from Tencent, others

Lillium, a German start-up with Silicon Valley-scale ambitions to develop a 5-passenger "flying taxi", has raised a second, $90 million round of financing from top tech investors, making it one of the best-funded electric aircraft projects to date. More »

Twitter’s Dick Costolo to step down as CEO in yet another shake-up

SAN FRANCISCO Twitter Inc Chief Executive Officer Dick Costolo abruptly announced he was stepping down on Thursday amid increasing scrutiny of the company’s slow user growth and inability to attract advertisers at the same rate as its competitors. Costolo will... More »

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