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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

Meta's big AI spending blitz will continue into 2026

Meta CEO Mark Zuckerberg plans to continue his company's artificial intelligence spending blitz well into the next year as rival tech giants do the same. Zuckerberg told analysts Wednesday during a second-quarter earnings call that AI's rapid pace of progress has informed much of Meta's recent business decisions, including the company's $14.3 billion June investment into the data-annotating startup Scale AI as part of a revamped AI strategy involving a wave of high-profile hires. AI's swift ad

Samsung's profit more than halves, missing expectations as chip business plunges 94%

Samsung Electronics on Thursday reported a second-quarter operating profit of 4.7 trillion Korean won, missing expectations, weighed by a 93.8% profit slump in its chip business. While Samsung's second-quarter operating profit beat its own forecast of around 4.6 trillion won, it was a steep drop from the 10.44 trillion won recorded in the same period last year. The South Korean technology giant posted a quarterly revenue of 74.6 trillion won, up slightly from 74.07 trillion won a year earlier

Elon Musk's plan to build Boring Co. tunnels in Nashville sparks partisan feud

Elon Musk has expanded a number of his companies within Texas, including Tesla, SpaceX, the Boring Co. and Neuralink. Tesla broke ground on a lithium refinery in Texas earlier this year with Governor Greg Abbott in attendance. Christophe Gateau | Picture Alliance | Getty Images Elon Musk's tunneling venture, The Boring Company, announced plans earlier this week to build a 10-mile underground loop in Nashville, in coordination with Tennessee Republican Governor Bill Lee, who put out a press rele

The 10 apps I can't live or work without - on Windows, Mac, and mobile

berkozel/Getty Images Every five years or so, I make an inventory of the apps I use most frequently. It's always fascinating to see how the list has changed over time, and it usually says something about the computing landscape. When I did that exercise this year, I was astonished at the changes. Half of the apps I used five years ago are no longer on my list at all in 2025. They've been replaced, in most cases, by apps that are tightly linked with web-based services and cloud storage and can

Critical vulnerability in AI coding platform Base44 allowing unauthorized access

One of the most profoundly transformed domains in the wake of the LLM revolution has been code generation, especially the rise of vibe coding, where natural language prompts replace traditional programming. This shift has empowered millions of users with little to no technical background to build fully functional applications with ease. Platforms like Loveable, Bolt, and Base44 are on the front of this movement - they have enabled the creation of millions of applications spanning from persona

Fixing Ctrl+C in Rust terminal apps: Child process management

When a terminal application that spawns child processes doesn't exit cleanly after a Ctrl+C , the user is left with a corrupted terminal. Instead of a clean prompt, you get garbled output and a non-functional shell. This post covers how to solve these issues, with examples from the Moose CLI (for the PR that fixed many of these issues, see here). In this post, you’ll read learnings from solving these issues in the Moose CLI— terminal application that manages multiple child processes, including

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

Déjà vu? T-Mobile may be changing your plan whether you want it to or not

Back in 2023, T-Mobile received a ton of flak for announcing it would soon forcibly switch some of its legacy customers to newer, more expensive plans. Within weeks, the company reversed its stance amid growing complaints, claiming the move had only been a test . Two years later, it seems the company is at it once again. Several T-Mobile customers have taken to Reddit to complain about a new email making the rounds. The message informs recipients of a plan change set to take effect on August 13

Poor child process management in Rust terminal apps leads to terminal corruption

When a terminal application that spawns child processes doesn't exit cleanly after a Ctrl+C , the user is left with a corrupted terminal. Instead of a clean prompt, you get garbled output and a non-functional shell. This post covers how to solve these issues, with examples from the Moose CLI (for the PR that fixed many of these issues, see here). In this post, you’ll read learnings from solving these issues in the Moose CLI— terminal application that manages multiple child processes, including

Microsoft stock pops 9% on earnings beat as Azure annual revenue tops $75 billion

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft shares jumped 9% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company performed in comparison with LSEG consensus: Earnings per share: $3.65 vs. $3.37 expected $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73.8

EBay stock surges on earnings beat, rosy guidance

Shares of eBay popped 10% in extended trading on Wednesday after the online marketplace posted stronger-than-expected results for the second quarter, and offered an upbeat forecast for the current period. Here's how the company did in the second quarter compared to analyst estimates compiled by LSEG. Earnings per share: $1.37 adjusted vs. $1.30 expected $1.37 adjusted vs. $1.30 expected Revenue: $2.73 billion vs. $2.64 billion expected GMV, or the dollar value of items sold, grew 6% year ove

This Is the Only Window AC I Can Count On to Cool My Two-Story Home All Summer Long

CNET's key takeaways The Windmill AC normally starts at $349 for 6,000 BTUs, but you can often find it on sale at Windmill's website Amazon Home Depot Not only is the Windmill AC the easiest unit I've ever installed, it's the only AC unit I've tried that effectively kept my older and not well-insulated home cool during a heat wave. Bonus: It's actually stylish. Although, I still would have paid for an ugly one that works. I'm a sucker for an old home. My current rental -- a 100-year old row

Microsoft stock pops 8% on earnings beat as Azure annual revenue tops $75 billion

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft shares jumped 8% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company performed in comparison with LSEG consensus: Earnings per share: $3.65 vs. $3.37 expected $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73.8

Arm shares dip 8% on revenue miss

The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Arm Holdings shares dipped as much as 9% in after-hours trading on the company's first-quarter earnings results Wednesday. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share : 35 cents vs. 35 cents expected : 35 cents vs. 35 cents expected Revenue: $1.05 billi

Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club

Microsoft Chairman and CEO Satya Nadella speaks in front of the OpenAI logo at the Microsoft Build conference in Seattle, Washington, on May 19, 2025. The $4 trillion club has a second member, at least based on after-hours trading. Following a better-than-expected earnings report on Wednesday, Microsoft shares jumped 8%, lifting the software giant's market cap to about $4.1 trillion. Should the rally stick on Thursday, Microsoft would join chipmaker Nvidia , which hit $4 trillion for the first

Dropbox says it’s time to find a new password manager as it prepares to shut down service

Edgar Cervantes / Android Authority TL;DR Dropbox Passwords users will no longer be able to add new passwords on August 28, 2025. The mobile app is scheduled to stop working on September 11, 2025. The password manager will be fully discontinued on October 28, 2025. Dropbox Passwords users will soon have to find a new password manager to store their passwords, usernames, and other sensitive data. The company will be shutting down the service in the next couple of months. Dropbox has announce

Vibe code is legacy code

Despite widespread confusion, Andrej Karpathy coined "vibe coding" as a kind of AI-assisted coding where you "forget that the code even exists." Legacy code We already have a phrase for code that nobody understands: legacy code. Legacy code is universally despised, and for good reason. But why? You have the code, right? Can't you figure it out from there? Wrong. Code that nobody understands is tech debt. It takes a lot of time to understand unfamiliar code enough to debug it, let alone intro

Meta to spend up to $72B on AI infrastructure in 2025 as compute arms race escalates

Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said Wednesday in its second-quarter earnings report that it plans to more than double its spend on building AI infrastructure, like data centers and servers. “We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion…up approximately $30 billion year-over-year at the midpoint,” Meta said. That’s an aggressi

Meta shares climb 10% on revenue beat, raised forecast

Meta CEO Mark Zuckerberg holds a smartphone, as he makes a keynote speech at the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024. Meta shares jumped as much as 10% after the company reported second-quarter earnings on Wednesday that beat on revenue. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share : $7.14 vs. $5.92 expected : $7.14 vs. $5.92 expected Revenue: $47.52 vs. $44.80 billi

Microsoft's stock pops 7% on earnings beat as Azure annual revenue tops $75 billion

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025. Microsoft shares jumped 7% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company performed in comparison with LSEG consensus: Earnings per share: $3.65 vs. $3.37 expected $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73

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

Qualcomm beats on earnings, highlights growth in Meta smartglasses

Cristiano Amon, CEO & President, Qualcomm, on Centre Stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Qualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations and provided a stronger-than-expected guide for the current quarter. Qualcomm shares slid in extended trading. Here's how the chipmaker did for the quarter ending June 29 compared to LSEG consensus expectations: Earnings per share : $2.77 adjusted versus $2.71 expected

A short post on short trains

Epistemic status: Main part is well-supported but may have some minor errors. The parts about potential future lines are inherently speculative. Small Train is Good Train A while ago, I wrote about how elevated trains are the greatest urbanism cheat code, increasing the amount of track miles you can build per dollar (or per year) by a factor of 2-4. And while I don’t have anything else on that order of magnitude, I do have one more easy 20-50% gain: Run shorter trains. The basic idea is simpl

St. Paul, MN was hacked so badly that the National Guard has been deployed

Hacking attacks—many using ransomware—now hit US cities every few days. They are expensive to mitigate and extremely disruptive. Abilene, Texas, for instance, had 477 GB of data stolen this spring. The city refused to pay the requested ransom and instead decided to replace every server, desktop, laptop, desk telephone, and storage device. This has required a "temporary return to pen-and-paper systems" while the entire city network is rebuilt, but at least Abilene was insured against such an atta

Signing up for T Satellite without T-Mobile service isn’t as simple as it might sound

Joe Maring / Android Authority TL;DR T Satellite is now officially available nationwide, even for those without T-Mobile service, but signing up requires a phone call or an in-person visit. I decided to try signing up, and my experience was overall smooth and professional, though others have reported long waits or uninformed reps. I waited around an hour or so, though half this time was due to my own error. Recently, T Satellite officially exited beta and launched nationwide for both existin

Hackers target Python devs in phishing attacks using fake PyPI site

The Python Software Foundation warned users this week that threat actors are trying to steal their credentials in phishing attacks using a fake Python Package Index (PyPI) website. PyPI is a repository for Python packages, accessible at pypi.org, that offers a centralized platform for developers to distribute and install third-party software libraries. It hosts hundreds of thousands of packages and is the default source for Python's package management tools. "PyPI has not been hacked, but user