279 place 21
Some investors in Bolt, an e-commerce startup valued at $11 billion two years ago, plan to sell their stakes back to the company at a steep loss, showing the lengths to which venture capitalists will go to get some cash back on flailing investments.
Tribe Capital has told its limited partners that it plans to sell shares back to Bolt at a price that implies a $300 million valuation, or just over half the per-share price the VC firm paid five years ago.
Tribe’s move is part of a broader share buyback Bolt.
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The Information
"I think the license should be taken away from ABC," Trump told an ABC reporter. "Because your news is so fake, and it's so wrong." Read more ›
4,473 fresh
Cloudflare has confirmed that a bug in one of its core services caused a major outage on Tuesday, taking large portions of the internet offline. Read more ›
4,427 fresh
Writer and executive producer Henry Gilroy says that Sabine's 'Ahsoka' arc was something considered—and dismissed—during 'Rebels'. Read more ›
3,931 fresh
The Department of Education announced plans to move a portion of its work to other agencies. Shutting down the department still requires Congress. Read more ›
1,615 fresh
If you're experiencing internet issues this morning, you're far from alone. Infrastructure company Cloudflare has been hit with what it calls "widespread 500 errors, [with] Dashboard and API also failing." The company said that services are starting recover, but customers may continue to see "higher-than-normal errors rates" is it continues to work on the problem. Cloudflare is a key internet hub, as it provides network and security products for internet... Read more ›
1,328 fresh
Android phone owners are finding their handsets are less desirable to thieves. Read more ›
1,075 fresh
Elon Musk claims Tesla may need 100 – 200 billion AI chips per year, a volume far beyond what TSMC and Samsung can supply, which is why he is considering building Tesla's own fab, as he believes existing foundries cannot scale fast enough for him. Read more ›
858 fresh
A Virginia State University student who interned at Apple explains why he decided to pursue a full-time job outside Big Tech. Read more ›
761 fresh
An anonymous reader shares a report: The IRS accessed a database of hundreds of millions of travel records, which show when and where a specific person flew and the credit card they used, without obtaining a warrant, according to a letter signed by a bipartisan group of lawmakers and shared with 404 Media. The country's major airlines, including Delta, United Airlines, American Airlines, and Southwest, funnel customer records to a... Read more ›
691 fresh
Cloudflare, a networking company that provides DDoS protection and delivery services for many companies around the globe, is experiencing a major outage that’s taking down sites across the web. Users are running into an error message when they try to access X, ChatGPT, and even the outage-tracking website DownDetector has an error message saying “Please […] Read more ›
690 fresh
Cloudflare confirmed that an "internal service degradation" was causing issues for users across the internet. Read more ›
613 fresh
For months, the Social Security Administration was quietly sharing sensitive data about immigrants with DHS. Now it’s official. Read more ›
612
Ookla has found that Apple’s custom N1 networking chip that integrates the Wi-Fi 7, Bluetooth 6, and Thread radios in the iPhone 17 family “delivers a clear step-change in real-world Wi-Fi performance” when compared to the Broadcom chip used in the iPhone 16 models. In North America, the iPhone 17 family also outperformed flagship Android […] Read more ›
566 fresh
A federal judge ruled that the FTC failed to prove Meta formed a monopoly through its acquisitions of WhatsApp and Instagram. Read more ›
562 fresh
Google shipped out a new Pixel Feature Drop last week that included at least 8 new features or improvements to your Pixel phone, foldable, or tablet. There are new features in Google Photos, Messages, within Magic Cue, and to notifications (summaries!). One of the more noteworthy of the bunch is in this new Pixel Themes … Continued Read the original post: Pixel Themes is a Great Idea That Kicked Off... Read more ›
555 fresh
The Information
Andy Rubin, creator of Android and a former Google executive, has launched a new startup focused on humanoid robots, said a person with direct knowledge of the venture. His venture is the latest addition to the red-hot and frothy humanoid space, crowded with companies ranging from Tesla to startups such as Figure AI. Rubin’s startup, Genki Robotics, is based in Tokyo, where he is currently living, according to the person.... Read more ›
69
At Tesla’s annual meeting earlier this month, shareholders showed little enthusiasm for a proposal that the electric vehicle maker invest in one of CEO Elon Musk’s other companies, xAI. But Musk’s revelation at the meeting that Tesla is considering building its own chip fabrication plant signaled another way his two companies could work together. Musk had already discussed plans for such a chip fab internally at Tesla months before the... Read more ›
49
Apple’s succession plans for its next chief executive have accelerated, with its board and senior executives preparing for current CEO Tim Cook to step down potentially next year, according to the Financial Times. Any announcement of succession likely won’t happen until after late January when ... Read more ›
39
Walt Disney Co. reported flat revenue and slightly lower operating income in the September quarter, as a sharp slump at most of its TV networks offset growth in its streaming business and theme parks operation. Disney stock was trading down 8% on Thursday. Disney’s entertainment ... Read more ›
31
OpenAI is trying to turn public opinion against The New York Times in their legal battle. As part of the Times’ copyright infringement lawsuit against the ChatGPT creator, the Times has asked for access to 20 million conversations between users and ChatGPT, a request OpenAI said Wednesday was “ ... Read more ›
30
Welcome, Weekenders! In this newsletter:• The Big Read: Inside Grindr’s boardroom feud • Plus, our Recommendations: “Harry Potter and the Sorcerer’s Stone,” “A Biography of a Mountain” and “Materialists”A bit of housekeeping: The Information’s Weekend section is looking for a reporter for a beat we’re calling “tech wealth and culture.” This person will cover how Silicon Valley’s moguls live large—their pursuits, their pastimes—and how they spend their money. Here’s a... Read more ›
27
TeraWulf was limping along as a publicly traded bitcoin mining business until AI companies suddenly wanted access to its data centers. Now the cloud startup is at the center of one of the hottest meme-stock trades. Shares in TeraWulf and competing crypto miners have soared in recent months after they struck deals with tech companies desperate for data centers and energy resources to power their AI bets. Anthropic, maker of... Read more ›
23
Investors are rushing to back a new generation of research-focused AI startups. In just over a month, they’ve made or discussed $2.5 billion of investments into five of these startups, called neolabs, despite the high costs and risk of failure. The neolab startups’ founders say they hope to exploit new approaches to developing AI models and research they say major developers like OpenAI and Anthropic may have overlooked. Read more ›
12
Anthropic plans to invest $50 billion building its own data centers, the first time it has done so, in Texas and New York, the AI startup announced in a blog post on Wednesday. Anthropic said it would partner with London-based cloud startup Fluidstack on the data centers. Anthropic said that the ... Read more ›
12
Blockchain.com, a crypto brokerage and wallet provider, is planning to go public next year, the company’s newly named co-chief executive revealed, aiming to list after several volatile years. The company said it promoted its president Lane Kasselman to be co-CEO, alongside its founder and CEO Peter Smith, as part of its listing efforts. Kasselman is a former Uber executive who has worked for the crypto firm for five years. The... Read more ›
9
Most popular sources
Tom's Hardware
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20% 14 |
Business Insider
|
19% 4 |
TechRadar
|
12% 10 |
Android Authority
|
7% 9 |
Engadget
|
6% 1 |
| View sources » | |
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18.11.2025 15:29
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