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Jeff Bezos sells $737 million worth of Amazon shares

Amazon founder Jeff Bezos leaves Aman Venice hotel, on the second day of the wedding festivities of Bezos and journalist Lauren Sanchez, in Venice, Italy, June 27, 2025. Amazon founder Jeff Bezos unloaded more than 3.3 million shares of his company in a sale valued at roughly $736.7 million, according to a financial filing on Tuesday. The stock sale is part of a previously arranged trading plan adopted by Bezos in March. Under that arrangement, Bezos plans to sell up to 25 million shares of Am

Figma moves closer to a blockbuster IPO that could raise $1.5B

Figma publicly shared its financials Tuesday, inching the design software company closer to an IPO. And while this initial S-1 is missing details such as number of shares to be offered and what price, the regulatory filing provides the clearest view yet of its financial health — and potential. IPO experts Renaissance Capital estimate that Figma could raise up to $1.5 billion in this offering. If it does meet or exceed that, Figma’s IPO will match or beat CoreWeave’s, which raised $1.5 billion a

AeroVironment stock drops 11% on offering plan to pay off debt

An image of a Quantix drone made by AeroVironment. AeroVironment shares fell 11% Tuesday after the defense contractor said it plans to offer $750 million in common stock and $600 million in convertible senior notes due in 2030 to repay debt. The drone maker said it would use leftover funding for general purposes such as boosting manufacturing capacity. AeroVironment shares have soared 85% this year, ballooning its market value to about $13 billion. Last week, shares of the Arlington, Virgini

Figma files for IPO on NYSE, plans to 'take big swings' with acquisitions

Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. Design software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol "FIG." The offering would be one of the hotly anticipated IPOs in recent years given Figma's growth rate and its high private market valuation. In late 2023, a $20 billion acquisition agreement with Adobe was scrapped due to regulatory concerns in the

Catalio Capital closes over $400M Fund IV

In Brief Venture capital firm Catalio Capital Management announced today the closing of its more than $400 million Fund IV, as first reported by Bloomberg. The fund will continue the firm’s thesis of backing healthcare and biotechnology companies. The firm was founded in 2020 and has made more than 100 investments, according to PitchBook. Catalio’s Fund IV, in particular, has backed 16 companies already, including the diagnostics company PinkDx and the drug discovery company Superluminal Medic

Figma files for IPO on Nasdaq, plans to 'take big swings' with M&A

Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. Design software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol FIG. The offering would be one of the hotly-anticipated IPOs in recent years given Figma's growth rate and its high private market valuation. In late 2023, a $20 billion acquisition agreement with Adobe was scrapped due to regulatory concerns in the U

Here’s What Mark Zuckerberg Is Offering Top AI Talent

As Mark Zuckerberg staffs up Meta’s new superintelligence lab, he’s offering top research talent pay packages of up to $300 million over four years, with more than $100 million in total compensation for the first year, WIRED has learned. Meta has made at least 10 of these staggeringly high offers to OpenAI staffers. One high ranking researcher was pitched on the role of chief scientist but turned it down, according to multiple sources with direct knowledge of the negotiations. While the pay pac

AeroVironment stock drops 8% on offering plan to pay off debt

An image of a Quantix drone made by AeroVironment. AeroVironment shares fell 8% Tuesday after the defense contractor said it plans to offer $750 million in common stock and $600 million in convertible senior notes due in 2030 to repay debt. The drone maker said it would use leftover funding for general purposes such as boosting manufacturing capacity. AeroVironment shares have soared 85% this year, ballooning its market value to about $13 billion. Last week, shares of the Arlington, Virginia

AeroVironment stock drops 7% on offering plan to pay off debt

An image of a Quantix drone made by AeroVironment. AeroVironment shares fell 7% Tuesday after the defense contractor said it plans to offer $750 million in common stock and $600 million in convertible senior notes due in 2030 to repay debt. The drone maker said it would use leftover funding for general purposes such as boosting manufacturing capacity. AeroVironment shares have soared 85% this year, ballooning its market value to about $13 billion. Last week, shares of the Arlington, Virginia

Nearly 12 million people would lose health insurance under Senate GOP bill

The Senate Republicans' version of President Trump's tax bill would slash federal spending on health provisions—Medicare, Medicaid, and the Affordable Care Act—by $1.1 trillion by 2034. And in that time, an estimated 11.8 million people would lose their health insurance. That’s according to an analysis released over the weekend by the Congressional Budget Office. The massive piece of legislation is likely to change as senators are currently running a "vote-a-rama" for rapid-fire amendment propo

Apple's F1 laps its competition with a $144 million opening weekend

Apple's film studio finally has a successful summer blockbuster to its name with its latest sports drama flick starring Brad Pitt. F1 the Movie saw an opening weekend that earned $144 million globally and $55.6 million domestically, according to Comscore numbers. Apple Original Films' feature beat out other highly anticipated releases like the live-action remake, How to Train Your Dragon, and the third installment in the post-apocalyptic horror film series, 28 Years Later. The action-drama movi

Why AI will eat McKinsey’s lunch — but not today

Navin Chaddha, managing director of the 55-year-old Silicon Valley venture firm Mayfield, is betting big on AI’s ability to transform people-heavy industries like consulting, law, and accounting. The veteran investor, whose wins include Lyft, Poshmark, and HashiCorp, recently discussed at TechCrunch’s StrictlyVC evening in Menlo Park why he believes “AI teammates” can create software-like margins in traditionally labor-intensive sectors, and why startups should right now target neglected markets

Nvidia insiders dump more than $1 billion in stock, according to report

NVIDIA founder and CEO Jensen Huang speaks during the NVIDIA GTC Paris keynote, part of the 9th edition of the VivaTech technology startup and innovation fair, held at the Dôme de Paris in the Porte de Versailles exhibition center in Paris on June 11, 2025. Insiders at artificial intelligence chipmaker Nvidia have dumped more than $1 billion in stock over the last year, according to a report from the Financial Times. About $500 million worth of sales occurred over the last month as the market

Meta is offering multimillion-dollar pay for AI researchers, but not $100M ‘signing bonuses’

Meta is definitely offering hefty multimillion-dollar pay packages to AI researchers when wooing them to its new superintelligence lab. But no one is really getting a $100 million “signing bonus,” according to a poached researcher and comments from a leaked internal meeting. During a company-wide all-hands meeting on Thursday leaked to The Verge, some of Meta’s top executives were asked about the bonuses that OpenAI CEO Sam Altman said Meta had offered to top researchers. Meta’s CTO Andrew Bos

AT&T finally settles its 2019 and 2024 breaches: Are you eligible for a payout?

Edgar Cervantes / Android Authority TL;DR AT&T has settled two data breaches (from 2019 and 2022) for a combined total of $177 million. Affected customers could receive payments up to $5,000, though smaller amounts are likely unless significant losses are proven. Notifications will arrive between August and October, with claims due by mid-November, but payments aren’t expected until early 2026. Last year, AT&T confirmed it was the victim of a massive data breach involving customer data, call

Jesse Draper’s Halogen Ventures closes $30M Fund III to focus on ‘future of family’

In Brief Halogen Ventures closed a $30 million Fund III to invest in early-stage startups building in the “future of family,” as reported first by Fortune. The firm was founded in 2015 by Jesse Draper, the daughter of famed venture capitalist Tim Draper. She explained to Fortune that the fund will focus on the physical and financial health of households. Startups in the care economy have received more investor interest in the past few years after the pandemic, which exacerbated childcare and

Apple shells out US$350M to acquire yet another office campus it was already leasing

It’s been a good week for Apple’s real estate team. Just days after finalizing a $166.9 million deal for the Cupertino Gate office complex, the company has closed another major acquisition, pushing its South Bay real estate tab to over half a billion dollars in a single week. US$516 million in South Bay acquisitions As reported by SilliconValley.com (via AppleInsider), Apple has just closed a $350 million deal to purchase Mathilda Commons, a two-building 382,500 square feet office campus in Su

Meta is offering multi-million pay for AI researchers, but not $100M ‘signing bonuses’

Meta is definitely offering hefty multi-million-dollar pay packages to AI researchers when wooing them to its new Superintelligence Lab. But no one is really getting a $100 million “signing bonus,” according to a poached researcher and comments from a leaked internal meeting. During a company-wide all-hands meeting on Thursday leaked to The Verge, some of Meta’s top executives were asked about the bonuses that OpenAI CEO Sam Altman said Meta had offered to top researchers. Meta’s CTO Andrew Bo

Startups Weekly: Tech and the law

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Before this newsletter takes a break for the Fourth of July next week, here are the startup stories and funding rounds that caught our eye over the last few days, which have been quite busy. Most interesting startup stories from the week Image Credits:SOPA Images / Contributor / Getty Images This week brought us lawsuit updates, M&As, and a

Once job board giants, CareerBuilder and Monster head for breakup and sale

What just happened? Once giants of the online job search industry, CareerBuilder + Monster is now set to be dismantled and sold off in parts, following a Chapter 11 bankruptcy filing in Delaware this week. The development comes less than a year after the two companies merged in a bid to regain relevance in a market now dominated by newer digital competitors. The Chicago-based company has reached agreements to sell its most prominent business lines to three separate buyers. JobGet, a platform fo

Rocket Report: SpaceX’s dustup on the border; Northrop has a nozzle problem

Welcome to Edition 7.50 of the Rocket Report! We're nearly halfway through the year, and it seems like a good time to look back on the past six months. What has been most surprising to me in the world of rockets? First, I didn't expect SpaceX to have this much trouble with Starship Version 2. Growing pains are normal for new rockets, but I expected the next big hurdles for SpaceX to clear with Starship to be catching the ship from orbit and orbital refueling, not completing a successful launch.

Former job board giants CareerBuilder and Monster face breakup and asset sale

What just happened? Once giants of the online job search industry, CareerBuilder + Monster is now set to be dismantled and sold off in parts, following a Chapter 11 bankruptcy filing in Delaware this week. The development comes less than a year after the two companies merged in a bid to regain relevance in a market now dominated by newer digital competitors. The Chicago-based company has reached agreements to sell its most prominent business lines to three separate buyers. JobGet, a platform fo

Bumble jumps 25% as dating company plans to axe 30% of workforce

DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media) Bumble shares rallied 25% on Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles. The layoffs will result in $13 million to $18 million in cha

Drone maker AeroVironment shares pop 21% on earnings beat

AeroVironment stock rocketed 21.6% higher Wednesday as the drone maker beat fourth-quarter expectations on the top and bottom lines. Here's how the company did compared to analysts' expectations: Earnings : $1.61 per share adjusted vs. $1.39 per share expected : $1.61 per share adjusted vs. $1.39 per share expected Revenue: $275 million vs. $242 million expected The company reported financial results after market close Tuesday but shares skyrocketed Wednesday morning as CNBC's Jim Cramer cal

Bumble jumps 23% as dating company plans to axe 30% of workforce

DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media) Bumble shares rallied 25% on Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles. The layoffs will result in $13 million to $18 million in cha

ChatGPT's iOS app downloaded 30 million times last month - clobbering all social apps

SOPA Images/Getty Images ChatGPT continues to soar. According to an X post data aggregation company Similarweb, the ChatGPT app for iOS was downloaded around 29.6 million times over the past 28 days; over the same time period, App Store downloads of TikTok, Facebook, Instagram, and X reached a combined total of about 32.9 million -- a difference of around 10.6%. Also: Anthropic launches new AI feature to build your own customizable chatbots However, as critics in the X thread pointed out, th

Drone maker AeroVironment shares pop 24% on earnings beat

An unmanned aerial vehicle (UAV) at the AeroVironment Inc. booth during the Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida, US, on Tuesday, May 17, 2022. AeroVironment stock rocketed more than 24% higher Wednesday as the drone maker beat fourth quarter expectations on the top and bottom lines. Here's how the company did compared to analyst expectations: Earnings : $1.61 per share adjusted vs $1.39 per share expected : $1.61 per share adjusted vs $1.39 per share expec

Bumble to lay off 30% of its workforce

Dating app Bumble announced on Wednesday that it’s laying off 30% of its workforce, impacting around 240 positions. The company said in a securities filing that the cuts are part of its plans to realign its “operating structure to optimize execution on its strategic priorities.” Bumble anticipates saving $40 million per year as a result of the workforce reduction and plans to reinvest most of this money into product and technology development. The company said it will incur approximately $13 m

Bumble jumps 26% as dating company plans to axe 30% of workforce

DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media) Bumble shares rallied more than 26% Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles. The layoffs will result in $13 million to $18 million

Drone maker AeroVironment shares pop 20% on earnings beat

In this article An unmanned aerial vehicle (UAV) at the AeroVironment Inc. booth during the Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida, US, on Tuesday, May 17, 2022. AeroVironment stock rocketed more than 20% higher Wednesday as the drone maker beat fourth quarter expectations on the top and bottom lines. Here's how the company did compared to analyst expectations: Earnings : $1.61 per share adjusted vs $1.39 per share expected : $1.61 per share adjusted vs $1.3