429 place 0
Figma became the second-most richly valued publicly traded software company, after Palantir, following a blockbuster initial public offering.
The company’s shares rose more than 250%, pushing its enterprise value at the end of Thursday to $67 billion. That means that investors are valuing Figma at about 55 times the revenue that bankers expect it to generate in 2026, compared to a median forward multiple of 13 for the largest software firms.
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The Information
Musk encouraged NYC voters to back former Gov. Andrew Cuomo over Zohran Mamdani the day before the city's mayoral election. Read more ›
11,229 fresh
"I'd rather not have you ask the question," Trump said in a deleted portion of the interview. Read more ›
1,665 fresh
A judge dismissed Justin Baldoni's $400 million lawsuit against Blake Lively, The New York Times, and various other defendants. Read more ›
1,070 fresh
The analysts wrote in a note on Friday that consumers have covered about 50% to 70% of the cost of tariffs to date. Read more ›
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The Trump administration has recast Binance founder CZ as a martyr—and his pardon may have unintended consequences for the US crypto industry. Read more ›
756 fresh
We've known for years that AI would be able to make fake video that could dupe us. Now it looks like we're here. Read more ›
608 fresh
The CEO of the largest satellite company in the world just proposed a bold—and totally misguided—solution to the climate crisis. Read more ›
520 fresh
After spending six months traveling around Europe, there are a few cities I can't wait to return to, and others I'd probably skip next time. Read more ›
450 fresh
A coalition of labor unions and cities filed a lawsuit against the Trump administration over its new rule to limit Public Service Loan Forgiveness. Read more ›
443 fresh
Apple has launched its App Store on the web, offering a central hub where you can browse through different categories of apps across all of the company’s devices, as spotted earlier by MacRumors and 9to5Mac. Now, when you navigate to apps.apple.com, you’ll see the revamped interface instead of a webpage that just contains information about […] Read more ›
437 fresh
In the 1970s, psychologist Diana Deutsch was experimenting with a synthesizer, when she heard something strange. “It seemed to me that I’d entered another universe or I’d gone crazy or something…the world had just turned upside down!” Deutsch recalls. Deutsch had stumbled across an illusion in audio form — she called it the “Octave Illusion” […] Read more ›
428 fresh
Physicists finally identified why some quantum materials seemingly lose their electrical conductivity for no reason. Read more ›
426 fresh
The unnerving 'Sheep With the Eye' Pop would very much like to glare at you from your toy shelf while plotting to steal your body. Read more ›
416 fresh
Ilya Sutskever, an OpenAI cofounder and the company's former chief scientist, detailed the merger talks in a recent deposition. Read more ›
399 fresh
The natural complexity of the universe should phase out the possibility of some advanced civilization controlling reality itself, researchers argue. Read more ›
396 fresh
As the New York City mayoral election enters the final stretch, with the Muslim American Democratic Party nominee Zohran Mamdani maintaining a sizable lead in all of the polls, a familiar beast has reared its head: blatant Islamophobia. Most of those dabbling in outright bigotry are unsurprising: right-wing shock-jocks and the pro-Trump New York Post. […] Read more ›
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Conversations in the AI notetaking and research assistant should feel more natural going forward. Plus, you can save what's most important. Read more ›
367 fresh
Hooters Inc. is making menu changes as well as revamping its waitstaff's uniform as it acquires Hooters of America locations. Read more ›
339 fresh
Alongside iOS 26.1, iPadOS 26.1, and macOS Tahoe 26.1, Apple has released new HomePod 26.1 software for the HomePod and the HomePod mini. The updates come almost seven weeks after Apple released the HomePod 26 software. According to Apple's release notes, HomePod Software 26.1 includes performance and stability improvements. HomePod software is installed automatically on the HomePod unless the feature is disabled, but the HomePod can also be manually u Read more ›
336 fresh
The Information
Things have never been better for Shopify. The e-commerce firm’s stock is trading near all-time highs. And a recent deal with OpenAI has put Shopify in a position to capitalize on AI-fueled shopping by easily allowing its merchants to sell products through ChatGPT. And yet Shopify is seeing the kind of executive turnover normally associated with companies that are struggling. Read more ›
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About half of subscribers to The Information who responded to our latest survey said they bought or sold cryptocurrency, crypto exchange-traded funds or crypto treasury stocks in the past three months. Notably, more of our readers are buying than selling: 47% of all respondents said they bought crypto or something related in the past three months, while just 25% said they sold. The survey’s findings are based on 528 responses. Read more ›
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Stock market investors fell in love with crypto this year, setting off a big rally in public markets. Now the buying frenzy has rebounded back to privately held companies like crypto exchange Kraken and payments firm Ripple, whose valuations have soared. Kraken, one of the oldest crypto exchanges, is raising money at a $20 billion valuation, according to a person familiar with the matter, after getting $500 million in new... Read more ›
29
Payments tech giant Fiserv’s stock collapsed 45% on Wednesday morning after the company slashed its revenue growth outlook for 2025 and announced a management shakeup. Fiserv, whose Clover payments service competes with companies such as Square, reported 1% revenue growth for the third quarter ... Read more ›
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Microsoft last year got more aggressive about getting people to pay up for artificial intelligence features in its Office productivity suite, such as those that draft emails or summarize documents. It began including AI features by default and raising the baseline price of Office for individual consumers by 30%. The maneuver paid off, as revenue from that business line has been growing at its fastest rate in years. Read more ›
23
One August morning, Kaarage woke up and took the train from the Japanese countryside into the city. She went to a restaurant and enjoyed a lunch of vegetables and soup, as well as an iced coffee. Afterward, she studied a musical score on her iPad, then went home to relax. Kaarage is not a person: She’s an internet-beloved Moflin, an AI-powered robopet made by Casio—yes, Casio—who shares a charming, bucolic... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Inside Benchmark’s high-stakes pressure test • Artificial Intelligence: The VCs who turned vibe code into whimsical passion projects• Artificial Intelligence: Venerable Casio’s surprise hit? An AI robopet • WTF: Behind the scenes at our summit for the most powerful and influential women in tech, media and finance • The Arena: WNBA owner Clara Wu Tsai has a $1 billion plan• Plus, our... Read more ›
21
A memo from California’s attorney general suggested that Elon Musk’s federal lawsuit against OpenAI will be unaffected by the artificial intelligence startup’s restructuring. But now that the restructuring has occurred, it may be hard to unwind the change even if Musk wins. Both the attorneys ... Read more ›
17
Travel software firm Navan, which weathered a pandemic, name change and government shutdown on its path to an initial public offering, had a disappointing start as a public company. Shares fell 20% on the first day. Its earliest investors still made big gains on paper though. Investor Oren Zeev and his affiliated funds, which invested $150 million starting with Navan’s seed round in 2015, had about a $1 billion stake... Read more ›
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In less than a year, AI-assisted coding has become a fixation within Silicon Valley, which sees the companies building such products as some of the most lucrative startups in tech. While tools like Cursor and Anthropic’s Claude Code can’t transform techno novices into app-building wizards overnight, they do make coding faster—and easier for people who have some knowledge of coding but don’t have the same skill as a veteran engineer.... Read more ›
16
Most popular sources
Business Insider
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35% 3 |
Gizmodo
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8% 5 |
Vox
|
7% 1 |
Tom's Hardware
|
6% 14 |
Wired
|
5% 2 |
| View sources » | |
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03.11.2025 17:14
Last update: 17:05 EDT.
News rating updated: 00:00.
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