COPPA 2.0 passes Senate unanimously, boosting online privacy for minors

The US Senate has unanimously approved COPPA 2.0, a new legislation aimed at enhancing online protections for children and teens. The Children and Teens’ Online Privacy Protection Act seeks to prevent platforms from collecting personal data from minors without consent, addressing modern online threats like targeted advertising. The bill’s passage marks a significant step towards safeguarding young users online, with potential implications for tech giants and privacy regulations.

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Life EV acquires troubled Rad Power Bikes, pledges to manufacture in the US

Life EV has successfully acquired Rad Power Bikes, promising to continue operations in the US and build bikes domestically. The acquisition marks a fresh start for the e-bike brand after a turbulent period, including a Chapter 11 bankruptcy filing and battery fire hazards. The new owner plans to honor warranties and gift cards, while adopting a Foreign Trade Zone structure for manufacturing to streamline global parts sourcing.

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Life EV acquires Rad Power Bikes, pledges to manufacture in the US

Florida-based Life EV has successfully acquired Rad Power Bikes, ensuring a new chapter for the troubled e-bike brand. The acquisition includes Rad’s brand, intellectual property, inventory, and certain operating assets. Life EV plans to continue operations as Rad Power Bikes in the US and expand to key markets, with a commitment to building new bikes domestically. The move marks a strategic shift for Rad Power Bikes following a period of financial turbulence and safety concerns.

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