Kano's Computer Kits Let Kids Build Their Own Devices
Alex Klein, co-founder and CEO of Kano, discusses the company's latest funding round of $28 million. The company has released its technology to 4,500 retailers nationwide, including Best Buy and Target.
Klein talks about the inspiration behind the creation of the company, which started with a 2013 Kickstarter campaign that raised over a million dollars. The Kano computer kit was created to open access to computers to people who would not normally have them. It helps people who might not be able to buy devices build computers by themselves! Klein notes that even though the kits cater to kids, they are great for anyone who wants to know how a computer works.
Klein notes that part of his inspiration for Kano was the way in which Steve Jobs and Steve Wozniak first introduced the Macintosh. See Cheddar Hosts Tim Stenovec and Kori Hale play with one of the kits on air.
Earlier this week, crypto investors who got in on a 'Squid Game'-inspired coin were shocked when the asset turned out to be part of a scam. The people involved made off with close to $3 million after the Netflix-inspired coin's valuation went from $0.01 to $3,000 and back down to $0 within several days. CoinDesk Anchor Christine Lee joins Cheddar News' Closing Bell to discuss the pump-and-dump scheme, how investors can be on the lookout for similar scams, and what crypto platform Binance is doing to investigate the incident.
More American tech companies continue to pull their businesses out of China as the Communist Party cracks down on firms — both foreign and domestic. Yahoo and Fortnite have become the latest companies to withdraw from the country, and the withdrawals come just days after Microsoft announced it would take LinkedIn offline. Shehzad Qazi, managing director at China Beige Book International, joined Cheddar to provide some insight into how the crackdowns in China would also impact the tech companies at home in the United States.
