ADVERTISEMENT

2 days after raising $502 million, Magic Leap called the cops to say an employee had stolen $1 million (GOOG, MSFT)

The $6 billion startup is racing to bring its augmented reality glasses to market, but a series of strange incidents within Magic Leap raise worrisome flags.

Magic Leap, the secretive Florida startup developing futuristic augmented reality glasses,raised a whopping $502 millionin October.

ADVERTISEMENT

Two days later, it called the cops and told them an employee had stolen over $1 million over a period of 23 months.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Africa's gaming gold rush: Unveiling the surge in online gambling

Africa's gaming gold rush: Unveiling the surge in online gambling

Seven African countries added to Meta's AI service coverage

Seven African countries added to Meta's AI service coverage

10 African countries with the lowest inflation rates in 2024

10 African countries with the lowest inflation rates in 2024

Davido launches his label Nine+ in partnership with UnitedMasters

Davido launches his label Nine+ in partnership with UnitedMasters

Nigeria's economic ranking drops to fourth in Africa

Nigeria's economic ranking drops to fourth in Africa

Moscow inaugurates its House of Africa

Moscow inaugurates its House of Africa

The CBN justifies $2b billion loss in forex, dispelling Naira defense claims

The CBN justifies $2b billion loss in forex, dispelling Naira defense claims

10 best airports in Africa in 2024

10 best airports in Africa in 2024

10 most expensive cities in Africa in 2024

10 most expensive cities in Africa in 2024

ADVERTISEMENT