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Figma prices IPO at $33, above expected range

Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. Figma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range. The company's stock will debut on the New York Stock Exchange under the ticker symbol "FIG" on Thursday. The offering raised $1.2 billion, with most of the proceeds going to existing stockholders. Figma is aiming to take ad

Kleiner Perkins-backed Ambiq pops on IPO debut

Ambiq Micro, a 15-year-old manufacturer of energy-efficient chips for wearable and medical devices, closed its first day of trading on Wednesday at $38.53 a share, a 61% increase from the $24 IPO price the company set the previous day. The success of the IPO signals strong investor demand in the public market for new small-cap companies benefiting from AI innovation. Ambiq closed its first day as a public company with a valuation of $656 million (excluding employee options). This represents a

GitHub Copilot crosses 20 million all-time users

GitHub Copilot, an AI coding tool offered by Microsoft-owned GitHub, has now reached more than 20 million users, Microsoft CEO Satya Nadella said on the company’s earnings call Wednesday. A GitHub spokesperson confirmed to TechCrunch that this number represents “all-time users.” That means five million people have tried out GitHub Copilot for the first time in the last three months; the company reported in April the tool had reached 15 million users. Microsoft and GitHub don’t report how many o

Robinhood reports second-quarter earnings beat with revenue climbing 45% over last year

The logo of Robinhood Markets is seen at a pop-up event on Wall Street after the company's initial public offering in New York City on July 29, 2021. Robinhood beat Wall Street expectations for the second quarter Wednesday. Here is how Robinhood's results compared to Wall Street estimates, according to analysts surveyed by LSEG: Earnings per share: 42 cents vs. 31 cents expected 42 cents vs. 31 cents expected Revenue: $989 million vs. $908 million expected Revenue jumped 45% year-over-year

Ramp hits $22.5B valuation just 45 days after reaching $16B

In Brief Eric Glyman, co-founder and CEO of expense management startup Ramp, announced on Wednesday a fresh $500 million raise at a whopping $22.5 billion post-money valuation. This new round, led by Iconiq Growth with participation from Founders Fund and D1 Capital Partners, comes just 45 days after Ramp’s last round. In June, Ramp raised $200 million at a $16 billion valuation, and that was a leap over the $13 billion valuation Ramp announced in March. In his blog post, Glyman laid out his

Apple set to acquire yet another campus in the Bay Area

Apple’s real estate spree in Silicon Valley continues, as the company is reportedly in contract to make its third major Bay Area acquisition this year alone. Here are the details. $882 million in a little more than a month Citing sources familiar with the deal, the San Francisco Chronicle says that Apple has agreed to purchase the four-building Mathilda Campus at 505–599 North Mathilda Avenue and 605 West Maude Avenue for $365 million. As with the other two recent acquisitions, Apple already

The New York Times and Amazon's AI licensing deal is reportedly worth up to $25 million per year

Amazon's AI licensing deal with The New York Times is worth $20 million to $25 million per year, according to The Wall Street Journal . The two companies did not disclose the fiscal terms of the agreement back when it was announced in May . The Journal's reporting provides a rare insight into the value of a media company licensing its content for AI training. In the case of The Times, Amazon's annual payments to the publisher would amount to nearly one percent of its total revenue in 2024. In r

Spotify drops 11% for worst day in two years on weak guidance

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a net l

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 10% on weak guidance

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said that higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 9% on weak guidance

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said that higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a

Spotify hits 696M users, but returned to making a loss

Spotify has posted its latest earnings report, stating that both paid and free users were up more than 10% year-on-year, but the company returned to making a loss … Spotify announced solid growth in both subscribers and revenue: Subscribers climbed 12% Y/Y to 276 million. climbed 12% Y/Y to 276 million. Monthly Active Users grew 11% Y/Y to 696 million. grew 11% Y/Y to 696 million. Total Revenue increased 10% Y/Y to €4.2 billion. increased 10% Y/Y to €4.2 billion. Gross Margin improved by 22

Samsung backs South Korean AI chip startup Rebellions ahead of IPO

The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips. South Korean artificial intelligence chip startup Rebellions has raised money from tech giant Samsung and is targeting a funding round of up to $200 million ahead of a public listing, the company's management told CNBC on Tuesday. Last year, Rebellions merged with another startup in South Korea called Sape

Waymo plans to bring its robotaxi service to Dallas in 2026

A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Alphabet's Waymo unit plans on bringing its robotaxi service to Dallas next year, adding to a growing list of prospective U.S. markets for 2026, including Miami and Washington, D.C. Rental car company Avis Budget Group will be managing the Waymo fleet in Dallas, via a new partnership the companies announced Monday. Avis CEO Brian Choi said in a statement that the agreement marks a "mil

The first company to complete a fully successful lunar landing is going public

Firefly Aerospace seeks to raise more than $600 million through a public stock offering, an arrangement that would boost the company's market valuation to near $5.5 billion, according to a document filed with the SEC on Monday. The launch of Firefly's Initial Public Offering (IPO) comes as the company works to build on a historic success in March, when Firefly's Blue Ghost lander touched down on the surface of the Moon. Firefly plans to sell 16.2 million shares of common stock, at a price of be

Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion

Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Firefly Aerospace will price shares at $35 to $39 each in its upcoming initial public offering, a deal that would value the rocket maker at about $5.5 billion. The Texas-based space company said in an updated prospectus Monday that it's planning to sell about 16.2 million shares. The offering could raise up to $631.8 million. Earlier this month, Firefly

‘Fantastic Four’ Steps Toward a Solid Box Office Start

Fantastic Four: First Steps came to a theater near you this weekend, and its opening numbers are looking good. Per the Hollywood Reporter, Marvel’s latest earned $218 million worldwide in its first three days. While it’s slightly behind expectations and the similarly solid $220 million global opening of Superman two weeks prior, this is already more than the 2015 Fantastic movie made in its theatrical run. Of its current take, $118 million came from domestic audiences, where it outperformed ini

Apple’s F1 movie crosses $500 million at global box office

The F1 movie continues its hot streak at cinemas, with the film still widely resonating with audience a month after its theatrical premiere. The Apple Original Film has now crossed the $500 million mark at the global box office, with the running total now standing around $509 million. F1: The Movie will eventually land on Apple TV+, likely in October. But Apple and distributor Warner Bros. have little incentive to hurry along the secondary release windows if the cinema takings remain as strong

Meta announces its Superintelligence Labs Chief Scientist: former OpenAI GPT-4 co-creator Shengjia Zhao

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Meta has appointed Shengjia Zhao, a former OpenAI researcher and co‑creator of GPT‑4, as the Chief Scientist of its newly created Meta Superintelligence Labs (MSL). The announcement was made Friday by Mark Zuckerberg on Threads, noting Zhao will lead the lab’s scientific agenda alongside him and Alexandr Wang, the former CEO of Scale AI wh

India bans streaming apps you’ve never heard of — but millions watch

India has ordered the blocking of 25 streaming services — many with millions of viewers and even paying subscribers — for allegedly promoting “obscene” content, in one of the South Asian nation’s biggest digital crackdowns yet. The order affects lesser-known, but wildly popular services like Ullu and ALTT that cater to the country’s mass-market appetite for adult and edgy entertainment. This week, the Ministry of Information and Broadcasting issued directives to block access to websites and app

Court Rules Mike Lindell Doesn’t Have to Pay $5 Million in Hacked Voting Machine Bet

Mike Lindell, the founder and CEO of MyPillow, could be considered a loser in many ways, but not in a way that will cost him $5 million. The New York Times reports that a federal appeals court ruled on Wednesday that Lindell will not have to pay out the prize money for his “Prove Mike Wrong” challenge, which offered up a $5 million reward to anyone who could sufficiently debunk his baseless claim that the 2020 election was stolen from Donald Trump. Lindell offered up the prize money in 2021 dur

Tesla’s Nightmare Continues as Musk Warns of ‘Rough Quarters’ Ahead

Tesla’s second-quarter earnings paint a grim picture: falling profits, slumping sales, and a reputation hit that keeps on hurting. The all-electric carmaker reported net income of $1.17 billion, down 16.3% from the same period in 2024. Revenue fell 12% to $22.5 billion from $25.5 billion a year earlier, marking Tesla’s second consecutive quarter of declining profits and revenue this year. The cause is clear: Tesla is selling fewer cars and cutting prices to chase demand. Deliveries fell 13.5%

Estonia's tech elite are getting behind a European challenger to Robinhood

Some of the biggest names of Estonia's tech scene are backing Lightyear, a startup looking to become Europe's answer to commission-free trading pioneer Robinhood . Based in London, Lightyear develops an app that lets users invest in a range of over 5,000 stocks, exchange-traded funds and money market funds. It was founded by two former Wise employees, Martin Sokk and Mihkel Aamer, in 2021. The company is set to announce later on Thursday that it has raised $23 million in a new round of funding

Tesla’s Nightmare Continues As Musk Warns of “Rough Quarters”Ahead

Tesla’s second-quarter earnings paint a grim picture: falling profits, slumping sales, and a reputation hit that keeps on hurting. The all-electric carmaker reported net income of $1.17 billion, down 16.3% from the same period in 2024. Revenue fell 12% to $22.5 billion from $25.5 billion a year earlier, marking Tesla’s second consecutive quarter of declining profits and revenue this year. The cause is clear: Tesla is selling fewer cars and cutting prices to chase demand. Deliveries fell 13.5%

A troubled SPAC plans to buy iRocket for $400M but it already returned most of its cash

An unproven small launch startup is partnering with a severely depleted SPAC trust to do the impossible: go public in a deal they say will be valued at $400 million. Innovative Rocket Technologies Inc. (iRocket) and BPGC Acquisition Corp., a special purpose vehicle company founded by former Commerce Secretary Wilbur Ross, is aiming to close the transaction in the fourth quarter of this year. Interestingly, the SPAC has been depleted of most of its cash after it raised $345 million in its IPO i

Google’s AI Overviews have 2B monthly users, AI Mode 100M in the US and India

Alphabet and Google CEO Sundar Pichai shared an update on the adoption of consumer-facing AI apps and features, including Google Search’s AI Overviews, Gemini, and AI Mode. On the company’s Q2 2025 call with investors, Pichai shared that AI Overviews — a Google Search feature offering an AI summary of search results available in 200 countries and territories — now has 2 billion monthly users, up from 1.5 billion in May 2025. In addition, Google’s Gemini app has grown to 450 million monthly acti

Employee – CEO pay gap historically wide

Labor unions Taxes Pay & income See all topics Follow The pay gap between America’s corporate leaders and their workers grew even larger in 2024, according to the AFL-CIO’s annual Executive Paywatch report, released Wednesday. CEOs at the nation’s 500 largest public companies took home $18.9 million last year, or 285 times as much as the typical US worker’s paycheck of $49,500. That’s up from a ratio of 268 to 1 a year earlier, according to the AFL-CIO, a powerful federation of labor unions re

The Switch 2 had a very good launch month

We already knew that Nintendo got off to a strong start with the Switch 2’s launch, and now that the console has been out for a bit, we’re getting a clearer picture on exactly how it performed. According to market research firm Circana, Nintendo’s new console “debuted as the fastest selling video game hardware device in US history,” selling 1.6 million units in June. That topped the previous launch month record held by the PS4, which moved 1.1 million units in November of 2023. Unsurprisingly,

Eight months in, Swedish unicorn Lovable crosses the $100M ARR milestone

Less than a week after it became Europe’s latest unicorn, Swedish vibe coding startup Lovable is now also a centaur — a company with more than $100 million in annual recurring revenue (ARR). Lovable took only eight months since its launch to get here, thanks to the skyrocketing popularity of its AI-powered website and app builder. The startup claims it now has more than 2.3 million active users, and last reported 180,000 paying subscribers. With only 45 full-time employees, and 14 open positio

SubTropolis and KC's Limestone Caves

Beneath Kansas City's streets lies an unexpected wonder—SubTropolis, the world's largest underground business complex, spanning over 6 million square feet in a 270-million-year-old limestone deposit. Carved out of limestone in the 1940s, this hidden metropolis was the vision of Lamar Hunt, famed founder of the Kansas City Chiefs. Originally a mining site, SubTropolis has become an essential part of Kansas City’s economic landscape. The origins of SubTropolis date back to the late 19th and earl

Meta Is Breaking OpenAI $100 Million at a Time

The artificial intelligence landscape, once characterized by collaborative innovation, has dramatically shifted into an all-out war for top talent. At the forefront of this aggressive new era stands Mark Zuckerberg’s Meta Platforms, orchestrating an unprecedented assault on rival OpenAI. This isn’t merely a recruitment drive; it’s a clear declaration of war, fueled by a staggering $300 million offer designed to dismantle the very core of its competitor. The Wall Street Journal is reporting that