Norway’s sovereign wealth fund plans to vote against Tesla’s proposed $1 trillion CEO compensation package for Elon Musk, the fund said on Tuesday. Norges Bank said in a disclosure that it was “concerned about the total size of the award, dilution, and lack of mitigation of key person risk.” The ... Read more ›
81
Trendy athleisure maker Vuori will allow some employees and investors to sell shares in a deal that values the company at around $5.5 billion, Bloomberg reported Thursday. The tender offer is around $825 million, the report said, and is being led by growth equity firms General Atlantic and ... Read more ›
0
Electric vehicle maker Rivian reported lower deliveries and a 35% decline in third-quarter revenue in part because of a shortage of a key part. The company’s quarterly loss declined from a year earlier because of lower expenses, and Rivian said it expects to post its first gross profit in the ... Read more ›
0
I was surprised last week when Meta announced on its earnings call that its text-based app Threads has almost 275 million monthly active users. Threads rarely comes up in my conversations with creators—or brands—though when you pop into the app it’s not a ghost town either. That got us thinking about where exactly Threads’ growth is coming from. Earlier today, my colleague Kalley and I published a story answering that... Read more ›
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Pinterest’s revenue growth slowed to 18% in the third quarter, even as its net income soared to $30.55 million and users grew steadily. Pinterest stock fell nearly 15% after the company projected even slower growth in the fourth quarter. The online scrapbooking company’s growth had ... Read more ›
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Airbnb’s growth slowed further in the third quarter, with revenue expanding 10%, down one percentage point from the second quarter by eight points from the first quarter. The accommodation-booking service continues to churn out huge amounts of cash however, reporting $1.1 billion in free ... Read more ›
0
Meta Platforms CEO Mark Zuckerberg last week said Threads, his company’s microblogging app, was on track to be the company’s “next major social app.” Threads appears to be catching up to its main competitor, X. In October, Meta said Threads had almost 275 million monthly active users. That was up 38% from three months earlier—the largest quarterly increase in users since shortly after Meta launched Threads in July 2023. Read more ›
15
Warner Bros. Discovery reported a 4% drop in revenues and lower profits, as weakness at its studio and its cable channels was partly offset by growth at its streaming services. WBD’s studios segment experienced a sharp decline in profits at its studios, where recent movie releases ... Read more ›
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Warner Bros. Discovery CEO David Zaslav said the incoming Trump administration may help speed up much-needed consolidation in the entertainment industry, noting that “if the best content is going to win, there needs to be some consolidaton…in order to have these businesses be stronger and ... Read more ›
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We don’t know how Donald Trump and his administration will handle open-source artificial intelligence, as Stephanie wrote on Wednesday. But AI developers in the U.S. should expect to benefit from easier access to more energy sources and face fresh uncertainty in the AI chip industry, policy experts said on a call with subscribers to The Information on Wednesday.Power has become a major concern for those building AI models and operating... Read more ›
0
Donald Trump’s election could put Tesla CEO Elon Musk in a tough spot, caught between his support for the president-elect and Trump’s tough stance toward China, Tesla’s second-biggest market. But Musk could instead thrive by proving a valuable bridge between Trump and Chinese leader Xi Jinping. Here’s why: Tesla’s electric vehicle sales in China have slipped over the past year even as EVs and plug-in hybrids have soared to more... Read more ›
1
Canada’s government has ordered TikTok to shut down its Canadian subsidiary, citing national security risks. Canada, however, is not banning the app itself. Canada’s move comes as TikTok, owned by Chinese tech giant ByteDance, continues to face scrutiny from Western governments and ... Read more ›
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OpenAI’s rapid growth continues to boost the prospects of suppliers and other business partners whose sales are also climbing quickly. Anysphere, which develops Cursor, an artificial intelligence coding assistant powered in part by OpenAI technology, has received investment offers from venture capitalists at a valuation of around $2.5 billion, up more than six times from its valuation in a deal roughly four months ago, according to two people with direct... Read more ›
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Elon Musk suggested to Donald Trump prior to the U.S. presidential election that he hire prominent SpaceX officials as high-ranking government employees, including at the Pentagon, The New York Times reported. Musk’s proposal is a sign of how the SpaceX founder and CEO could play a key role in ... Read more ›
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That’s what you call delight. Stocks rocketed—the tech-heavy Nasdaq rose 3%—as Wall Street applauded Donald Trump’s victory in Tuesday’s election. Most tech stocks rose in tandem—Tesla stock jumped 15%, reflecting the benefits CEO Elon Musk is expected to earn from his vocal support for Trump. Notably, one of the few tech stocks to lose ground was Meta Platforms, whose CEO, Mark Zuckerberg, is not exactly a Trump favorite. Apple was... Read more ›
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As the next president, Donald Trump will make his mark on several key issues for tech, from China trade to taxes to artificial intelligence. While much is uncertain, he is likely to promptly repeal the artificial intelligence executive order Biden signed last year. And he could also speed up construction of data centers by loosening regulations on electricity plant construction, said a policy expert. “You can invoke emergency powers and... Read more ›
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JPMorgan has rebranded its internal blockchain platform Onyx to Kinexys and renamed JPM Coin to Kinexys Digital Payments. The bank also said it plans to offer instant dollar-euro settlement via its blockchain, which it says will help customers speed transactions and reduce settlement risk. Banks ... Read more ›
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Arm Holdings’ revenue growth slowed to just 5% in the September quarter, from 39% in the previous quarter, as a decline in licensing revenue was offset by higher royalty revenue. Arm stock fell 4% in after-hours trading. Arm creates blueprints for central processing units, the brains of ... Read more ›
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A million years ago, and by that I mean January, I wrote about how both Democratic and Republican presidential campaigns were going to harness the energy of influencers this election. I may have actually underestimated just how much creators would play a role in the White House race, from podcasts to TikTok and super influencers like X-owner Elon Musk. But the campaigns diverged in how much they tapped creators for... Read more ›
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Lyft reported 32% higher revenue of $1.5 billion for the third quarter and slightly improved profits, the latest sign that the no. 2 ride hailing firm is on a stronger path under CEO David Risher who took over about 18 months ago. While the revenue growth was a slowdown from the second quarter, ... Read more ›
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Cryptocurrencies and related equities broadly rallied on Wednesday, after Donald Trump won the U.S. presidential election and Republicans took control of the Senate. Bitcoin hit all time high, jumping more than 8% to $75,450. Coinbase shares rose 33%, bringing the crypto exchange’s market ... Read more ›
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Most popular sources
Business Insider
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17% 12 |
Eurogamer.net
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15% 10 |
The Verge
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13% 9 |
Tom's Hardware
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8% 2 |
Gizmodo
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6% 4 |
| View sources » | |
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13.11.2025 11:47
Last update: 11:41 EDT.
News rating updated: 18:40.
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