Author: David Rutman

LG Is Done with Smart Phones The company won’t be making them anymore. LG has announced that it is getting out of the smart phone business. This is unwelcome news to people who liked their phones which are on the level of quality of competitors like Samsung. The announcement came as a surprise to many […]

Adam Neumann and wife Rebekah Paltrow Planning New Company Inspired by Coronavirus Chaos But can he ever overcome his bad reputation. (Hulu Promo Pic) WeWork founder Adam Neumann is plotting yet another comeback together with his wife Rebekah Paltrow Neumann. According to the NY Post, the couple has plans to make a big splash in […]

IceCure Israeli Medtech Co Sees Stock Soar On New FDA Approval The company freezes cancer tumors as a treatment. Israeli medtech company IceCure Ltd. (TASE: ICCM) has received FDA approval to market its ProSense system for treating cancerous tumors by freezing them. The news led to a 35% spike in its share price in trading […]

George Soros Donates $500 Million to Bard College This is one of the largest donations ever made to higher education. George Soros Screen Shot from “Soros” Philanthropist and long-time Bard supporter George Soros has pledged to donate $500 million to Bard College. This is one of the largest single donations ever made to a school. […]

Top 5 Movies to Learn About Business A great way to spend your time while social distancing. Steve Carell and Ryan Gosling in The Big Short Do you want an entertaining way to learn a little more about what really happens in the business world? Well you are in luck. Here is our list of […]

Israel High Tech Scene Week In Review Mar 28 – Apr 3 Tel Aviv at sunset, Israel New Startups Israeli Startup Offers Cloud Based Customer Knowledge Platforms (JBN)The company just raised $52 million in new funding. Zoomin Software offers companies a platform through which they can organize all of their information into one place. This […]

Facebook Sued for Fraud by Servicefriend Founder Shahar Ben Ami Ben Ami claims Facebook reneged on its promises to him. Shahar Ben Ami (center) and Servicefriend Team (Facebook) Servicefriend’s founder has sued Facebook over what he considers to be fraud. Shahar Ben Ami, who was also the company’s CEO, filed the suit in Tel Aviv […]

Marc Benioff and Mark Cuban Both Invest in NFT Platform SuperRare A Non-Fungible Token (NFT) is a kind of cryptocurrency like Bitcoin. Marc Benioff and Mark Cuban are now investors in their very own NFT company. Ashton Kutcher joined them in a $9 million Series A round of funding I the NFT platform startup SuperRare. […]

Elbit Systems Acquires BAE Systems Rokar for $31 Million Elbit has also made deals with German police. Israel’s Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit Systems”) ha acquired BAE Systems Rokar International Ltd. (“Rokar”) from BAE Systems, Inc., the U.S. headquartered subsidiary of BAE Systems plc (LON: BA) for approximately $31 million net of […]

Kaltura Delays IPO Over Low Demand Could this be an ominous sign for other planned IPOs? Kaltura Executive Team — Company Photo Israeli Video Startup Kaltura expected to make a whopping splash in the market with a $2 billion NASDAQ IPO. Well not anymore. The company has been forced to suspend its plans for an […]