Shake Shack Inc. is offering the cryptocurrency bitcoin as a reward for purchases made at the burger chain using Cash App, a digital wallet offered by Block Inc. Customers will receive 15% of their purchase back in the form of bitcoin on any Shake Shack purchase made with Cash Card, a debit card available to Cash App users.
Rivian Automotive Inc. is walking back a hefty price increase for its electric trucks and SUVs that was put into effect earlier this week, saying it will now honor prices for customers who previously ordered a vehicle. In a letter made public Thursday, Rivian Chief Executive RJ Scaringe apologized to customers for applying the price increase retroactively. He said the startup is trying to cope with rising costs of parts and materials, but it erred by applying price increases to existing orders rather than honoring the original terms.
Russia will no longer sell rocket engines to the US, says Roscosmos head. The move could affect the US launch providers ULA and Northrop Grumman. The decision could also affect how cargo is sent to the International Space Station. ULA claims it already has all the Russian-supplied engines it needs for its rockets.
Russia's state-backed media company RT is moving to Rumble, a "free speech" platform. The move comes amid numerous bans and restrictions on the company's content. Rumble has been a haven for right-wing personalities who've been kicked off other platforms.
Proofpoint founder and CEO Gary Steele is joining Splunk as its next top executive. He succeeds Graham Smith, who has served as the company’s interim CEO since Doug Merritt resigned in November 2021. Steele has led Proofpoint for two decades. He will help Splunk further scale its business.
Nutanix CEO Rajiv Ramaswami says new core-based pricing and metering will help channel partners win more hyperconverged infrastructure deals against the competition. The company has simplified its 15 different products into just five offerings. NutanIX reported second fiscal quarter 2022 revenue of $413 million, an increase of 20 percent year over year.
The Sandbox and Decentraland are two popular virtual worlds for marketers. Brands like Miller Lite and Gucci have planted flags in the Sandbox. The platforms are still nascent and building out features, so it might be some time before any real successes occur.
Fitbit issued a product recall for about 1 million of its Ionic smartwatches. The company said the battery could overheat and pose a burn risk to users. Fitbit received at least 115 reports of the battery overheating in the U.S. The recall does not affect the company's other smartwatch or fitness trackers.
Microsoft announced in April that Windows 11 would be able to run Android apps. The feature was a partnership with Amazon and was supposed to arrive later this year. The update is now live, but only for US customers. Here's how to get started with Android apps in Windows 11.
A robot named Ameca appeared at CES in January and went viral on social media. Will consumers embrace or run away from humanoid robots working at their local restaurant? Industry research would suggest it depends on where people live. Japanese respondents tended to see the robots as significantly less uncanny than Americans.
Epic Games is buying independent music storefront Bandcamp. The company says it will use Bandcamp's resources to expand internationally and add new features. Epic describes Bandcamp as committed to “fair and open platforms” The acquisition is Epic's latest non-gaming acquisition.
Amazon is closing 68 stores in the US and UK. The e-commerce giant is focusing on its Amazon Fresh and Whole Foods stores. The stores will close on closing dates and will give severance to affected employees. Amazon opened its first bookstore in 2015 and 4-Star and Pop Up stores in 2014.