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Gemini, the Winklevoss' crypto exchange, pops more than 17% in Nasdaq debut

cnbc.com Tanaya Macheel 2025-09-30 12:36:30

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Shares of Gemini Space Station rallied 14% on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq, about 32% above where its IPO was priced at $28. At one point, shares traded as high as $45.89. The stock closed higher by 14.3%, at $32. The New York-based company priced it

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Amazon suspends engineer who protested company's work with Israeli government

cnbc.com Annie Palmer 2025-09-29 18:45:48

A person walks by The Spheres at the Amazon.com Inc. headquarters in Seattle, Washington, on Nov. 14, 2022. Amazon suspended a software engineer who protested the company's work with the Israeli government, CNBC has confirmed. Ahmed Shahrour, a Palestinian engineer who works for Amazon's Whole Foods business and is based in Seattle, was informed Monday morning that he was being suspended with pay "until further notice" after he posted messages on Slack criticizing the company's ties to Israel.

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Gemini, the Winklevoss' crypto exchange, pops more than 20% in Nasdaq debut

cnbc.com Tanaya Macheel 2025-09-30 16:50:39

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Shares of Gemini Space Station soared as much as 40% on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq after its IPO priced at $28. At one point, shares traded as high as $45.89. The stock was trading up about 21% at 2:50 p.m. ET. The New York-based company priced its

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Encyclopedia Britannica Wants Perplexity to Stop Using Its Logos When AI Makes Stuff Up

cnet.com See Full Bio 2025-09-30 20:20:55

Merriam-Webster's dictionary defines the verb plagiarize as "to steal and pass off (the ideas or words of another) as one's own: use (another's production) without crediting the source." And that's exactly what its parent company, Encyclopedia Britannica, is alleging the AI company Perplexity did with its AI answers engine, according to a complaint filed Thursday in the US District Court for the Southern District of New York. AI companies like Perplexity are no strangers to copyright infringeme

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Opendoor board chair Rabois says company is 'bloated,' needs to cut 85% of workforce

cnbc.com Annie Palmer 2025-09-30 23:59:22

Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a "bloated" workforce have been a drag on the company's culture, as he vowed to slash headcount. "There's 1,400 employees at Opendoor. I don't know what most of them do. We don't need more than 200 of them," Rabois told CNBC's "Squawk on the Street" on Friday. The online real estate platform on Wednesday appointed former Shopify executive Kaz Nejatian as its new CEO after investor pressure caused his predecessor

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DOJ Sues Uber Over Allegations of Refusing Service to Disabled Customers

cnet.com See Full Bio 2025-09-30 23:47:00

Uber is being sued for the second time in four years by the Department of Justice over complaints about its ridesharing service's treatment of customers with disabilities. According to the suit, a copy of which was posted online by the website TechCrunch, the company is alleged to "routinely refuse to serve individuals with disabilities, including individuals who travel with service animals or who use stowable wheelchairs." The lawsuit also accuses Uber of imposing cleaning surcharges related

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The Inventor of Ozempic Is Suddenly Sacking Huge Numbers of Employees

futurism.com Unknown 2025-10-01 07:21:48

Image by Kristian Tuxen Ladegaard Berg / SOPA Images / LightRocket via Getty / Futurism Developments Novo Nordisk, the 102-year-old Danish drugmaker behind the blockbuster drugs Ozempic and Wegovy, is laying off thousands of workers as it seeks to recoup some of the revenue it's lost to competitors amid the GLP-1 boom. In a press release, the pharmaceutical giant announced that it would soon let go of 11 percent of its workforce, totaling about 9,000 of its 78,400 employees around the world. A

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Over 100 ships have sailed with fake insurance from the Norwegian Ro Marine

news.ycombinator.com Stian Espeland 2025-10-01 07:36:40

All large ships must have insurance, and Ro Marine has provided this in a big way. The Norwegian company did not have permission to sell insurance but did it anyway — to clients worldwide. In March, we reported how select ships used false papers to deceive inspectors in NATO countries. Now, NRK and Dossier Center can reveal how extensive and global the fraud was: over 100 ships have sailed with illegitimate insurance documents from Ro Marine. “It's very serious and unusual that such a seriou

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How Do You Sell People on VPNs? Just Say 'VPN' Over and Over and Over Again, Apparently

cnet.com See Full Bio 2025-10-01 08:03:42

A tech company's text-heavy mural in London's trendy Shoreditch area, known for its street art, used the word "VPN" 24 times without actually explaining what a virtual private network is or does. Which was kinda the point. The eye-catching artwork was the creation of VPN provider Surfshark and graffiti art company KingMurals, which collaborated on a PR stunt. VPNs, or virtual private networks, create an encrypted tunnel that lets you engage in online activity without exposing your IP address,

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Winklevoss-founded Gemini prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

cnbc.com Tanaya Macheel 2025-10-01 16:58:31

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Gemini Space Station, the crypto company founded by Cameron and Tyler Winklevoss, priced its initial public offering at $28 per share late Thursday The company priced the offering above its expected range of $24 to $26, valuing the company at $3.3 billio

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Winklevoss-founded Gemini reportedly prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

cnbc.com Tanaya Macheel 2025-10-02 00:02:15

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Gemini Space Station, the crypto company founded by Cameron and Tyler Winklevoss, priced its initial public offering at $28 per share late Thursday, according to Bloomberg. A person familiar with the offering told the news service that the company priced

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OpenAI and Microsoft sign preliminary deal to revise partnership terms

arstechnica.com Unknown 2025-10-02 08:27:53

On Thursday, OpenAI and Microsoft announced they have signed a non-binding agreement to revise their partnership, marking the latest development in a relationship that has grown increasingly complex as both companies compete for customers in the AI market and seek new partnerships for growing infrastructure needs. "Microsoft and OpenAI have signed a non-binding memorandum of understanding (MOU) for the next phase of our partnership," the companies wrote in a joint statement. "We are actively wo

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'We will do better.' Microsoft CEO Nadella admits company has to rebuild trust with employees

cnbc.com Jordan Novet 2025-10-02 12:14:14

Microsoft CEO Satya Nadella departs following a meeting of the White House Task Force on AI Education in the East Room of the White House in Washington on Sept. 4, 2025. Microsoft CEO Satya Nadella told employees in a meeting on Thursday that the company has work to do to smooth relations with employees after announcing several rounds of layoffs and a mandated partial return to in-person work. In the meeting that was held online, an employee asked executives to speak about a perceived lack of

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OpenAI says nonprofit parent will own equity stake in company of over $100 billion

cnbc.com Ashley Capoot 2025-10-02 12:49:16

Microsoft Chairman and Chief Executive Officer Satya Nadella (L), speaks with OpenAI Chief Executive Officer Sam Altman, who joined by video during the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. OpenAI on Thursday said its nonprofit parent will continue to have oversight over the company and will own an equity stake of more than $100 billion. The artificial intelligence startup, recently valued at $500 billion, said this structure will make the nonprofit "one of t

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The Boring Company Reportedly Halts Tunneling in Las Vegas After ‘Crushing Injury’

gizmodo.com Matt Novak 2025-10-02 12:30:54

Elon Musk’s tunneling firm, The Boring Company, has temporarily halted work at one of the company’s sites in Las Vegas, Nevada, according to a new report from Fortune. The disruption is related to a “crushing injury” sustained by one of the workers at the site, according to the magazine, which spoke to local firefighters. Emergency responders received a call around 10:12 p.m. local time on Wednesday night about an “industrial/machinery incident,” according to Fortune. Employees at the worksite

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Oracle shares retreat 6% after sharpest rally in more than 30 years

cnbc.com Jordan Novet 2025-10-02 16:00:43

Oracle shares closed down 6% on Thursday, a day after the stock closed at a record high, following an analyst note expressing concern that most of the company's upcoming growth is coming from a single client: OpenAI. The software vendor has seen its stock go on a wild ride this week after CEO Safra Catz on Tuesday said that Oracle had "signed four multi-billion-dollar contracts with three different customers" in the latest quarter. The company's remaining performance obligation, a measure of co

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How China’s Propaganda and Surveillance Systems Really Operate

wired.com Zeyi Yang 2025-10-02 15:59:28

A trove of internal documents leaked from a little-known Chinese company has pulled back the curtain on how digital censorship tools are being marketed and exported globally. Geedge Networks sells what amounts to a commercialized “Great Firewall” to at least four countries, including Kazakhstan, Pakistan, Ethiopia, and Myanmar. The groundbreaking leak shows in granular detail the capabilities this company has to monitor, intercept, and hack internet traffic. Researchers who examined the files de

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Alphabet's Verily covered up HIPAA violations, whistleblower says in lawsuit

cnbc.com Ashley Capoot 2025-10-02 17:38:18

Alphabet's health tech subsidiary Verily used the health data of more than 25,000 patients without authorization and actively covered up those violations, a former company executive alleges. The executive, Ryan Sloan, claims Verily fired him after he discovered breaches of the Health Insurance Portability and Accountability Act, or HIPAA, and reported his concerns to the company's senior management. Patient data in the U.S. is protected under HIPAA, which ensures the sensitive information cann

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Oracle shares retreat 7% after sharpest rally in more than 30 years

cnbc.com Jordan Novet 2025-10-02 20:48:51

Oracle shares closed down 6% on Thursday, a day after the stock closed at a record high, following an analyst note expressing concern that most of the company's upcoming growth is coming from a single client: OpenAI. The software vendor has seen its stock go on a wild ride this week after CEO Safra Catz on Tuesday said that Oracle had "signed four multi-billion-dollar contracts with three different customers" in the latest quarter. The company's remaining performance obligation, a measure of co

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Elon Musk’s Boring Company suspends work on Vegas airport tunnel after ‘crushing injury’

techcrunch.com Sean O'Kane 2025-10-02 20:28:23

In Brief Elon Musk’s Boring Company has reportedly stopped work on a tunnel it’s been digging to the Las Vegas airport after a worker sustained a “crushing injury” late Wednesday night, according to Fortune. Nevada’s Occupational Safety and Health Administration (OSHA) has opened an investigation. The Clark County Fire Department received a call at 10:12 p.m. local time on Wednesday and dispatched an 18-person rescue crew to the site. It’s unclear exactly what happened to the worker, but the i

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Justice Department sues Uber for allegedly discriminating against people with disabilities

techcrunch.com Sean O'Kane 2025-10-03 00:43:35

The U.S. Justice Department has filed a lawsuit against Uber, accusing the ride-hailing company of violating federal law by discriminating against people with physical disabilities. In particular, the Department of Justice’s (DOJ) civil rights division claims that the company and its drivers “routinely refuse to serve individuals with disabilities, including individuals who travel with service animals or who use stowable wheelchairs.” Uber is also accused of charging extra fees on riders who n

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Klarna stock jumps 15% in NYSE debut after pricing IPO above range

cnbc.com Ryan Browne 2025-10-04 00:39:53

In this article KLAR Follow your favorite stocks CREATE FREE ACCOUNT watch now Shares of Klarna rose 15% in their New York Stock Exchange debut Wednesday, closing at $45.82 after the Swedish fintech priced its IPO above its expected range. Klarna, known for its popular buy now, pay later products, priced shares at $40 on Tuesday, raising $1.37 billion for the company and existing shareholders. The IPO marks the latest in a growing list of high-profile tech listings this year, suggesting increa

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Perplexity reportedly raised $200M at $20B valuation

techcrunch.com Marina Temkin 2025-10-04 11:59:10

In Brief Perplexity, the AI-powered search startup that compete with Google by providing conversational answers to user queries, has secured $200 million in new capital at a $20 billion valuation, The Information reported. The fresh funding comes just two months after the company raised $100 million at an $18 billion valuation, according to Bloomberg’s July report. Since its founding three years ago, the rapidly growing AI company has raised $1.5 billion in total funding, according to PitchBoo

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Opendoor taps new CEO and names Keith Rabois chairman, boosting stock 30%

cnbc.com Annie Palmer 2025-10-04 12:02:53

Keith Rabois of Khosla Ventures attends Day 3 of TechCrunch Disrupt SF 2013 at San Francisco Design Center on September 11, 2013 in San Francisco, California. Opendoor , the online real estate platform that's seen a surge of retail investor interest in recent months, said Wednesday that it's tapped former Shopify executive Kaz Nejatian as CEO and named co-founder Keith Rabois as chairman. The stock popped 30% in extended trading, and is now up more than fifteenfold since hitting its record low

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Amazon is reportedly developing separate AR glasses for customers and its drivers

engadget.com Unknown 2025-10-04 12:08:26

Amazon may be muscling into the field of augmented reality glasses. According to a report by The Information, sources claimed that the company is working on AR glasses for consumers, allegedly with plans to release the product in late 2026 or early 2027. Insiders told the publication that the project, internally dubbed Jayhawk, would equip AR glasses with microphones, speakers, a camera and a full-color display in one eye. Amazon is reportedly using Chinese company Meta-Bounds for the AR tech.

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Replit hits $3B valuation on $150M annualized revenue

techcrunch.com Julie Bort 2025-10-04 05:54:48

In Brief Replit has raised a $250 million round, valuing the company at $3 billion. Unlike other fast-growing vibe coders, Replit has not been running to VCs every few months, though we’ll see if that changes. Its last raise was in 2023 when it raised about $100 million that valued the company at $1.16 billion post-money. Replit has now raised a total of about $478 million, PitchBook estimates. The company, founded in 2016 by programmers Amjad Masad (pictured), Faris Masad, and designer Haya O

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Klarna's stock jumps 15% in NYSE debut after pricing IPO above range

cnbc.com Ryan Browne 2025-10-05 00:07:07

Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Shares of Klarna rose 15% in their New York Stock Exchange debut Wednesday, closing at $45.82 after the Swedish fintech priced its IPO above its expected range. Klarna, known for its popular buy now, pay la

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Klarna surges 30% in NYSE debut after pricing IPO above range

cnbc.com Ryan Browne 2025-10-05 04:57:34

Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Shares of Klarna popped 30% in their New York Stock Exchange debut Wednesday, opening at $52 after the Swedish fintech priced its IPO above its expected range. Klarna, known for its popular buy now, pay lat

Topics: card company klarna new siemiatkowski

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Klarna’s IPO pops, raising $1.4B, with Sequoia as the biggest winner

techcrunch.com Julie Bort 2025-10-05 04:11:44

It’s been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at $40, above its announced range of $35 to $37, and came out of the gate with a $15 billion valuation. Shares popped, opening at $52, though quickly settling down to around $46 mid-day. Of the 34.3 million shares Klarna so

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Klarna opens at $52 per share in NYSE debut after pricing IPO above range

cnbc.com Ryan Browne 2025-10-05 12:13:24

Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Klarna shares popped 30% in their New York Stock Exchange debut Wednesday, opening at $52, after the Swedish online lender priced its IPO above its expected range. The company, known for its popular buy now

Topics: card company klarna new siemiatkowski

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Latest Tech News

Gemini, the Winklevoss' crypto exchange, pops more than 17% in Nasdaq debut

Amazon suspends engineer who protested company's work with Israeli government

Gemini, the Winklevoss' crypto exchange, pops more than 20% in Nasdaq debut

Encyclopedia Britannica Wants Perplexity to Stop Using Its Logos When AI Makes Stuff Up

Opendoor board chair Rabois says company is 'bloated,' needs to cut 85% of workforce

DOJ Sues Uber Over Allegations of Refusing Service to Disabled Customers

The Inventor of Ozempic Is Suddenly Sacking Huge Numbers of Employees

Over 100 ships have sailed with fake insurance from the Norwegian Ro Marine

How Do You Sell People on VPNs? Just Say 'VPN' Over and Over and Over Again, Apparently

Winklevoss-founded Gemini prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

Winklevoss-founded Gemini reportedly prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

OpenAI and Microsoft sign preliminary deal to revise partnership terms

'We will do better.' Microsoft CEO Nadella admits company has to rebuild trust with employees

OpenAI says nonprofit parent will own equity stake in company of over $100 billion

The Boring Company Reportedly Halts Tunneling in Las Vegas After ‘Crushing Injury’

Oracle shares retreat 6% after sharpest rally in more than 30 years

How China’s Propaganda and Surveillance Systems Really Operate

Alphabet's Verily covered up HIPAA violations, whistleblower says in lawsuit

Oracle shares retreat 7% after sharpest rally in more than 30 years

Elon Musk’s Boring Company suspends work on Vegas airport tunnel after ‘crushing injury’

Justice Department sues Uber for allegedly discriminating against people with disabilities

Klarna stock jumps 15% in NYSE debut after pricing IPO above range

Perplexity reportedly raised $200M at $20B valuation

Opendoor taps new CEO and names Keith Rabois chairman, boosting stock 30%

Amazon is reportedly developing separate AR glasses for customers and its drivers

Replit hits $3B valuation on $150M annualized revenue

Klarna's stock jumps 15% in NYSE debut after pricing IPO above range

Klarna surges 30% in NYSE debut after pricing IPO above range

Klarna’s IPO pops, raising $1.4B, with Sequoia as the biggest winner

Klarna opens at $52 per share in NYSE debut after pricing IPO above range

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