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StubHub prices IPO at $23.50, valuing company at $8.6 billion

cnbc.com Annie Palmer 2025-09-23 15:18:28

The StubHub logo is seen at its headquarters in San Francisco. Online ticket platform StubHub priced its IPO at $23.50, in a share sale that values the company at $8.6 billion. The pricing late Tuesday landed at the mid-point of the expected range that the company gave last week, raising $800 million. StubHub said its shares are expected to begin trading on the New York Stock Exchange on Wednesday under the symbol "STUB." The San Francisco-based company was co-founded by Eric Baker in 2000, a

Topics: billion company ipo million stubhub

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OpenAI's Teen Safety Features Will Walk a Thin Line

wired.com Kylie Robison 2025-09-23 02:53:52

OpenAI announced new teen safety features for ChatGPT on Tuesday as part of an ongoing effort to respond to concerns about how minors engage with chatbots. The company is building an age-prediction system that identifies if a user is under 18 years old and routes them to an “age-appropriate” system that blocks graphic sexual content. If the system detects that the user is considering suicide or self-harm, it will contact the user’s parents. In cases of imminent danger, if a user's parents are un

Topics: altman company openai parents user

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Google Ventures doubles down on dev tool startup Blacksmith just 4 months after its seed round

techcrunch.com Jagmeet Singh 2025-09-23 17:00:00

As speed becomes the defining currency in an AI-driven software world, Blacksmith has raised another round led by Google Ventures — just four months after its seed — to accelerate how code gets shipped. The $10 million Series A closed in just 14 days, with Google Ventures doubling down after first backing Blacksmith’s $3.5 million seed in May. At the time, Alphabet’s VC arm bet on the size of the market and the founding team, which included veterans of Cockroach Labs, another GV portfolio compa

Topics: blacksmith company just startup techcrunch

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India’s Urban Company soars 58% above IPO price in year’s most subscribed offering

techcrunch.com Jagmeet Singh 2025-09-23 17:44:54

Urban Company, India’s largest home services platform, stormed onto the public markets on Wednesday, opening 58% above its issue price after delivering the country’s most subscribed IPO of the year. The Gurugram-based startup, which connects users to at-home services ranging from beauty treatments to appliance repair, debuted on the Mumbai-based National Stock Exchange at ₹162.25 per share (approximately $1.84), up from its IPO issue price of ₹103. The offering, which opened last week, was subs

Topics: company india largest services urban

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Amazon CEO Jassy says company is reducing bureaucracy, which is ‘anathema’ to innovation

cnbc.com Annie Palmer 2025-09-23 18:24:28

Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Amazon CEO Andy Jassy said Tuesday that he's working to root out bureaucracy from within the company's ranks as part of an effort to reset its culture. Speaking at Amazon's annual conference for third-party sellers in Seattle, Jassy said the changes are necessary for the company to be able to innovate faster. "I would say bureaucracy is really anathema to startups and to entrepreneurial organizations," J

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StubHub to price IPO at $23.50, valuing company at $8.6 billion

cnbc.com Annie Palmer 2025-09-23 19:57:54

The StubHub logo is seen at its headquarters in San Francisco. Online ticket platform StubHub is pricing its IPO at $23.50, CNBC's Leslie Picker confirmed on Tuesday. The pricing comes at the midpoint of the expected range that the company gave last week. At $23.50, the pricing gives StubHub a valuation of $8.6 billion. StubHub will trade on the New York Stock Exchange under the symbol "STUB." The San Francisco-based company was co-founded by Eric Baker in 2000, and was acquired by eBay for $

Topics: billion company ipo million stubhub

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Fiverr is laying off 250 employees to become an 'AI-first company'

engadget.com Unknown 2025-09-23 23:57:30

Gig economy platform Fiverr is laying off 250 employees as it pivots to being an "AI-first company," CEO Micha Kaufman shared in an essay on X. The move affects around 30 percent of the company's staff, The Register writes, and it's not uncommon among tech companies in 2025. Duolingo announced similar plans to become "AI-first" in April. Kaufman describes this process as returning to "startup mode" and writes that his ultimate goal is to turn Fiverr into "an AI-first company that's leaner, fast

Topics: ai company employees fiverr kaufman

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Repeat creepy meat problems at Boar’s Head plants draw congressional scrutiny

arstechnica.com Unknown 2025-09-24 04:11:39

"The totality of these issues demonstrate a repeated pattern of food safety negligence that jeopardized Americans’ public health, and sadly, lives were lost," the lawmakers wrote in the letter. While calling the ongoing, repeated problems "appalling," they said they were "less than confident" that the Jarratt plant could safely reopen. "It seems your company continues to show a disregard for food safety and for the public health of the American people," they wrote. The letter was addressed to

Topics: boar company food letter safety

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OpenAI Rolls Out Teen Safety Features Amid Growing Scrutiny

wired.com Kylie Robison 2025-09-24 03:53:52

OpenAI announced new teen safety features for ChatGPT on Tuesday as part of an ongoing effort to respond to concerns about how minors engage with chatbots. The company is building an age-prediction system that identifies if a user is under 18 years old and routes them to an “age-appropriate” system that blocks graphic sexual content. If the system detects that the user is considering suicide or self-harm, it will contact the user’s parents. In cases of imminent danger, if a user's parents are un

Topics: altman company openai parents user

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ChatGPT may soon require ID verification from adults, CEO says

arstechnica.com Unknown 2025-09-24 08:09:22

On Tuesday, OpenAI announced plans to develop an automated age-prediction system that will determine whether ChatGPT users are over or under 18, automatically directing younger users to a restricted version of the AI chatbot. The company also confirmed that parental controls will launch by the end of September. In a companion blog post, OpenAI CEO Sam Altman acknowledged the company is explicitly "prioritizing safety ahead of privacy and freedom for teens," even though it means that adults may

Topics: adults age chatgpt company openai

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Google’s experimental Windows app is better than Microsoft’s built-in search

arstechnica.com Unknown 2025-09-24 11:49:03

Google has so many products that it can be near-impossible to keep track. And yet, the company has rarely created desktop apps to go with those services. There are a handful, like Drive and Quick Share, but the company's flagship product is only now coming to the desktop. The new Google app for Windows is available now, allowing you to search the web, Google Drive, and even your local files. The company stresses that the new app is experimental—it's limited to personal Google accounts, and you

Topics: company drive google local search

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What to know about TikTok’s uncertain future in the US and the people who want to buy it

techcrunch.com Lauren Forristal 2025-09-24 12:19:08

TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data potentially being accessed by the Chinese government. Earlier this year, the app experienced a temporary outage in the U.S. that left millions of users in suspense before it was quickly restored. TikTok returned to the App Store and Google Play Store in February. A number of investors are competing for the opportunity to purchase the app, and if a

Topics: app bid company tiktok trump

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Tesla is recalling Powerwall 2 batteries over fire risk

techcrunch.com Tim De Chant 2025-09-24 12:20:55

Tesla is recalling Powerwall 2 home batteries in Australia after the company received reports of fires that led to “minor property damage,” according to the Australia Competition and Consumer Commission. The recall affects an unspecified number of Powerwall 2 units made in the U.S. and sold between November 2020 and June 2022. The cells were made by an unnamed third-party supplier. Despite the fires, no injuries have been reported, the ACCC said in a recall notice. The Powerwall 2 contains 14

Topics: batteries company powerwall recall tesla

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Cybersecurity provider Netskope boosts IPO range as it tests tech hot streak

cnbc.com Samantha Subin 2025-09-24 16:23:26

Sanjay Beri, CEO and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California. Netskope is targeting a $7.3 billion valuation in its upcoming initial public offering, after lifting its planned price range. The cybersecurity company said it plans to sell 47.8 million shares at between $17 and $19 apiece. The deal would raise as much as $908 million at the top end. That's up from a previous range of $15 to $17 a share the company revealed in a

Topics: 17 billion company cybersecurity deals

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Experimental Google app brings web and local search to your Windows PC

arstechnica.com Unknown 2025-09-24 16:49:03

Google has so many products that it can be near-impossible to keep track. And yet, the company has rarely created desktop apps to go with those services. There are a handful, like Drive and Quick Share, but the company's flagship product is only now coming to the desktop. The new Google app for Windows is available now, allowing you to search the web, Google Drive, and even your local files. The company stresses that the new app is experimental—it's limited to personal Google accounts, and you

Topics: company drive google local search

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Rivian breaks ground on $5B Georgia factory ahead of construction in 2026

techcrunch.com Sean O'Kane 2025-09-24 16:03:23

Rivian has officially broken ground on its long-planned factory near Atlanta, Georgia, which will one day allow the company to make as many as 400,000 of its next-generation electric vehicles per year. The company held a shovel ceremony on Tuesday where CEO RJ Scaringe was joined by Georgia officials, including Governor Brian Kemp. But, as TechCrunch first reported in July, the company is still eyeing the first quarter of 2026 for an official construction start-date, with vehicle production sta

Topics: company factory georgia rivian techcrunch

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Cybersecurity provider Netskope boosts IPO range as it tests tech hotstreak

cnbc.com Samantha Subin 2025-09-24 20:32:58

Sanjay Beri, chief executive officer and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California. Netskope is targeting a $7.3 billion valuation in its upcoming initial public offering, after lifting its planned price range. The cybersecurity company said it plans to sell 47.8 million shares at between $17 and $19 apiece. The deal would raise as much as $908 million at the top end. That's up from a previous range of $15 to $17 a share the co

Topics: 17 billion company cybersecurity filing

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Disney, Warner Bros. Discovery and Universal file joint lawsuit against generative AI app Hailuo

engadget.com Unknown 2025-09-25 00:38:19

Disney, Universal and Warner Bros. Discovery are teaming up on the latest blockbuster AI lawsuit , this time against Chinese company MiniMax, owner of Hailuo AI. The three mega-studios, which collectively represent over half of the US box office take , filed suit in California against the AI-powered image and video generation platform alleging that it "pirates and plunders Plaintiffs’ copyrighted works on a massive scale." The lawsuit includes dozens of screenshots of infringing generated image

Topics: ai company lawsuit minimax suit

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Waymo approved to start testing autonomous vehicles at San Francisco International Airport

techcrunch.com Sean O'Kane 2025-09-25 00:39:19

Waymo has been granted a permit to start testing its autonomous vehicles at San Francisco International Airport, ahead of the launch of a commercial service. The San Francisco mayor’s office announced Tuesday that the airport, known as SFO, and Waymo have signed a “Testing and Operations Pilot Permit” after years of back-and-forth negotiations. The deal with SFO comes just two weeks after Waymo was cleared to start testing at nearby San Jose Mineta International airport. SFO is not the first a

Topics: airport company permit sfo waymo

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Figure reaches $39B valuation in latest funding round

techcrunch.com Rebecca Szkutak 2025-09-25 00:49:44

In Brief Humanoid robotics company Figure raised its largest round of funding yet, a sign of growing investor interest in robots designed to work alongside humans in warehouses, factories, and other settings. San Jose, California-based Figure announced on Tuesday that it raised a Series C funding round that values the company at $39 billion. The round, which “exceeded $1 billion,” said Figure, was led by Parkway Venture Capital with participation from Brookfield Asset Management, Nvidia, and I

Topics: billion company figure funding round

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Following teen suicide, OpenAI explores automatic underage user restrictions

engadget.com Unknown 2025-09-25 04:19:49

OpenAI is developing a system designed to automatically identify teen users and restrict their usage of ChatGPT. In a blog post published Tuesday, the company said the new experience would come with age-appropriate policies, including a block of graphic sexual content. "In cases of acute distress," the system will also have the capability to contact law enforcement to ensure user safety. In scenarios where ChatGPT can't definitively estimate the age of a user, it will default them to the new gat

Topics: chatgpt company new openai teen

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YouTube unveils new ways for creators to earn with brand deals, YouTube Shopping program

techcrunch.com Aisha Malik 2025-09-25 08:30:00

At its Made on YouTube event on Tuesday, the company unveiled a series of new ways for creators to earn more with brand deals and the YouTube Shopping program, which lets creators earn money by featuring and tagging products in their content. Most notably, YouTube is going to allow creators to swap out brand sponsorships in long-form videos. The company is also introducing auto timestamps for product tags, auto tagging for eligible items mentioned in videos, and a new brand link feature for Sho

Topics: brand company creators year youtube

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Hydrow’s new Arc rowing machine has a bigger screen and, alas, AI

engadget.com Unknown 2025-09-25 12:00:54

Hydrow is adding a third model to its lineup of snazzy modern-day rowing machines, and this time it’s bringing along a dollop of AI. The Hydrow Arc sits on the same footprint as its former Pro machine, but gets a bigger, 24-inch touchscreen display. It’s also equipped with what the company is calling “premium sound” and better workout recommendations. But what the company really wants to talk about is its new HydroMetrics Index, using AI to look at your workout and give you a single score at th

Topics: ai arc company hydrow workout

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This $30M startup built a dog crate-sized robot factory that learns by watching humans

techcrunch.com Rebecca Szkutak 2025-09-25 12:00:00

While many robotics companies are building human-sized robots, or working to automate entire factories, MicroFactory is instead trying to think big by building small. San Francisco-based MicroFactory built a general-purpose, tabletop manufacturing kit that’s about the size of my Siberian Husky’s dog crate. This compact factory includes two robotic arms and can be trained by human demonstration, as well as through AI. “General purpose robots are good, but it’s not necessary [to] be humanoid,” s

Topics: ai company kulakov manufacturing microfactory

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Meta Connect 2025: AI-powered smart glasses take center stage

cnbc.com Jonathan Vanian 2025-09-26 01:00:01

Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel Orbegozo Meta spent billions of dollars unsuccessfully trying to make virtual reality catch on with consumers. As it shifts its metaverse bet toward smart glasses, investors will be watching to see how the public responds. The social media company is set to unveil its most advanced smart glasses yet on Wednesday at

Topics: company glasses meta reality smart

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Nothing closes $200M Series C led by Tiger Global, plans AI-first device launch

techcrunch.com Ivan Mehta 2025-09-25 23:15:00

Smartphone startup Nothing announced today that it closed its Series C round of $200 million, which was led by the investment firm Tiger Global. With this round, the consumer electronics company is now valued at $1.3 billion. Other investors in the round included existing backers such as venture outfits GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry. The company, founded by Carl Pei — who previously co-founded Chinese smartphone maker OnePlus, known for high-performance devices at compe

Topics: ai company said startup techcrunch

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Some People Are Definitely Losing Their Jobs Because of AI (the Ones Building it)

gizmodo.com Aj Dellinger 2025-09-26 12:00:55

AI might be coming for our jobs, but capitalist pressures appear to be coming for the people responsible for developing AI. Wired reported over 200 people working on Google’s AI products, including its chatbot Gemini and the AI Overviews it displays in search results, were recently laid off—joining the ranks of unfortunate former employees of xAI and Meta, who have also been victims of “restructuring” as companies that poured billions of dollars into AI development are trying to figure out how t

Topics: ai company google people workers

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Rodatherm Energy wants to make geothermal more efficient, but will it be cheaper?

techcrunch.com Tim De Chant 2025-09-26 12:48:02

Rodatherm Energy, a new geothermal startup, emerged from stealth Monday with $38 million in funding and a plan to build a pilot plan in Utah. The startup differentiates itself by plumbing its boreholes with a closed loop, likely made of steel, that’s filled with a refrigerant. That contrasts with other enhanced geothermal companies, which tend to use water to transport heat from deep within the Earth. The Series A round was led by Evok Innovations with participation from Active Impact Investme

Topics: company energy loop startup tech

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Tesla's stock erases loss for the year, soaring 85% from April low

cnbc.com Lora Kolodny 2025-09-26 16:40:32

Tesla's shares have finally turned positive for the year. After a dismal first quarter, which was the worst for the stock in any period since 2022, and a brutal start to April, following President Donald Trump's announcement of sweeping new tariffs, Wall Street has again rallied around the electric vehicle maker. The stock rose 3.6% on Monday to $410.26, topping its closing price of 2024 by over $6. It's up 85% since bottoming for the year at $221.86 on April 4. A new filing revealed that CEO

Topics: company musk quarter tesla year

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Fueled by AI Hype, Google Becomes Fourth Company to Pass $3 Trillion Market Cap

gizmodo.com Ece Yildirim 2025-09-26 20:25:38

On Monday, Google’s parent company, Alphabet, became the fourth company to reach a market value of $3 trillion, and every member of this exclusive club has something in common. All it took was a rather small 4% rise in shares for the tech giant to hit the coveted stock market benchmark. Rather unsurprisingly, the three previous winners of that title—Nvidia, Microsoft, and Apple—are all titans of the tech industry that have been riding the wave of investor interest in AI, as well. Alphabet stoc

Topics: ai company market stock trillion

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Latest Tech News

StubHub prices IPO at $23.50, valuing company at $8.6 billion

OpenAI's Teen Safety Features Will Walk a Thin Line

Google Ventures doubles down on dev tool startup Blacksmith just 4 months after its seed round

India’s Urban Company soars 58% above IPO price in year’s most subscribed offering

Amazon CEO Jassy says company is reducing bureaucracy, which is ‘anathema’ to innovation

StubHub to price IPO at $23.50, valuing company at $8.6 billion

Fiverr is laying off 250 employees to become an 'AI-first company'

Repeat creepy meat problems at Boar’s Head plants draw congressional scrutiny

OpenAI Rolls Out Teen Safety Features Amid Growing Scrutiny

ChatGPT may soon require ID verification from adults, CEO says

Google’s experimental Windows app is better than Microsoft’s built-in search

What to know about TikTok’s uncertain future in the US and the people who want to buy it

Tesla is recalling Powerwall 2 batteries over fire risk

Cybersecurity provider Netskope boosts IPO range as it tests tech hot streak

Experimental Google app brings web and local search to your Windows PC

Rivian breaks ground on $5B Georgia factory ahead of construction in 2026

Cybersecurity provider Netskope boosts IPO range as it tests tech hotstreak

Disney, Warner Bros. Discovery and Universal file joint lawsuit against generative AI app Hailuo

Waymo approved to start testing autonomous vehicles at San Francisco International Airport

Figure reaches $39B valuation in latest funding round

Following teen suicide, OpenAI explores automatic underage user restrictions

YouTube unveils new ways for creators to earn with brand deals, YouTube Shopping program

Hydrow’s new Arc rowing machine has a bigger screen and, alas, AI

This $30M startup built a dog crate-sized robot factory that learns by watching humans

Meta Connect 2025: AI-powered smart glasses take center stage

Nothing closes $200M Series C led by Tiger Global, plans AI-first device launch

Some People Are Definitely Losing Their Jobs Because of AI (the Ones Building it)

Rodatherm Energy wants to make geothermal more efficient, but will it be cheaper?

Tesla's stock erases loss for the year, soaring 85% from April low

Fueled by AI Hype, Google Becomes Fourth Company to Pass $3 Trillion Market Cap

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