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CoreWeave tanks 20% after posting wider-than-expected loss ahead of lock-up expiration

cnbc.com Samantha Subin 2025-11-20 00:12:24

CoreWeave 's stock sank 20% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refer

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CoreWeave stock slumps 20% on wider-than-expected loss ahead of lock-up expiration

cnbc.com Samantha Subin 2025-11-20 05:49:56

CoreWeave 's stock sank 20% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refer

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DOGE Has Wasted Billions While Saving Only a Fraction of What It Claims: Reports

gizmodo.com Lucas Ropek 2025-11-20 05:15:21

The Trump Administration’s Department of Government Efficiency has been a project largely defined by ever-diminishing expectations. At the outset of DOGE’s journey, its chief operator, Elon Musk, famously claimed, in a bout of wild optimism, that he hoped to cut “at least” $2 trillion out of the federal budget. Not long after the election, Musk reduced his ambitions to $1 trillion. Throughout the first few months of Trump’s second term, DOGE claimed to be saving Americans billions, but analyses

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CoreWeave stock slumps 18% on wider-than-expected loss ahead of lock-up expiration

cnbc.com Samantha Subin 2025-11-20 20:59:11

CoreWeave 's stock dropped 18% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term re

Topics: analysts billion coreweave loss shares

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Terraform Labs founder Do Kwon pleads guilty to fraud over $40 billion crypto collapse

engadget.com Unknown 2025-11-20 16:40:09

Terraform co-founder Do Kwon has pleaded guilty to two US chargers of fraud after his actions wiped out $40 billion worth of crypto investments, The Guardian reported. Kwon's story is a wild one involving an immense crypto crash, an Interpol manhunt and Kwon's eventual extradition from Montenegro to the United States. Kwon, along with Sam Bankman-Fried and others, was a key player in 2022's crypto collapse. His company Terraform created a "stablecoin" called TerraUSD supposedly pegged to the US

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CoreWeave stock slumps 14% on wider-than-expected loss ahead of lockup expiration

cnbc.com Samantha Subin 2025-11-21 05:34:37

CoreWeave 's stock dropped 14% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a 21-cent loss per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refers

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Just Half of ‘Wednesday’ Season 2 Has Already Matched Season 1’s Ratings

gizmodo.com Sabina Graves 2025-11-20 20:25:07

The numbers are in, and Wednesday season two, part one has hit 50 million views in only five days. Based on a report from Variety, the show, which premiered August 4, has matched season one’s streaming performance. That might crack a sardonic smile from Wednesday (Jenna Ortega) herself and make Grandmama proud. Between this and KPop Demon Hunters, Netflix is killing it by knowing its audience and giving creatives the freedom to push storytelling boundaries. This season brought in more Addamses

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Chinese tech giant Tencent's quarterly revenue jumps 15% on AI investments, gaming unit boost

cnbc.com April Roach 2025-11-21 23:47:01

The Tencent logo is displayed on the exterior of a building at the company’s headquarters, with a surveillance camera visible in the foreground, on November 30, 2024, in Shenzhen, Guangdong Province, China. Tencent on Wednesday reported a 15% jump in second-quarter revenue as a strong performance in its gaming unit and AI investments boosted growth. Here's how Tencent did in the first quarter of 2025: Revenue: 184.504 billion Chinese yuan ($25.7 billion), compared to 161.117 billion Chinese y

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Perplexity offers to buy Google Chrome for $34.5B

news.ycombinator.com Emma Roth 2025-11-21 22:38:18

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. The startup also offered to buy TikTok earlier this year. Google hasn’t indicated that it would sell Chrome at any price, and so far, the court hasn’t ordered a sale. Perplexity spokesperson Jesse Dwyer confirmed to The Verge that the WSJ’s reporting is accurat

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Threads crosses 400M monthly active users as it gains on X

9to5mac.com Marcus Mendes 2025-11-22 00:11:12

Following a recent series of welcome updates as Threads turned two, Meta CEO Mark Zuckerberg announced today that his X competitor crossed 400 million monthly active users (MAUs), a 50 million boost since April. Zuckerberg’s announcement today was short, but significant: The last time Meta detailed its monthly active user number was on April 30, during its Q1 2025 earnings call, up from 320 million in Q4 2024 in late January. If it keeps it stride, this means Meta could see north of 100M MAUs

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Claude gets 1M tokens support via API to take on Gemini 2.5 Pro

bleepingcomputer.com Unknown 2025-11-22 10:13:00

Claude Sonnet 4 has been upgraded, and it can now remember up to 1 million tokens of context, but only when it's used via API. This could change in the future. This is 5x more than the previous limit. It also means that Claude now supports remembering over 75,000 lines of code, or even hundreds of documents in a single session. Previously, you were required to submit details to Claude in small chunks, but that also meant Claude would forget the context as it hit the limit. With up to a 1 milli

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StubHub is once again working on its IPO that could raise $1B

techcrunch.com Julie Bort 2025-11-22 10:08:47

In Brief StubHub is giving a strong indication that its IPO is back on again. It filed a public S-1 in late March, then paused in April after the Trump administration’s tariffs spooked Wall Street. On Monday, it filed an updated S-1 that now includes Q1 2025 results. IPO experts Renaissance Capital estimated in March that the IPO could raise $1 billion, and says this fresh S-1 could mean a debut next month. StubHub declined to comment on its IPO plans, citing its quiet period. In 2024, it g

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CoreWeave shares drop even as revenue and guidance top estimates

cnbc.com Jordan Novet 2025-11-22 15:37:16

Mike Intrator, co-founder and CEO of CoreWeave, speaks at the Nasdaq headquarters in New York on March 28, 2025. CoreWeave shares slid 11% in extended trading on Tuesday even as the provider of artificial intelligence infrastructure issued results and guidance that beat expectations. Here's how the company did in comparison with LSEG consensus: Earnings per share: Loss of 21 cents Loss of 21 cents Revenue: $1.21 billion vs. $1.08 billion expected Revenue more than tripled from $395.4 millio

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Circle shares fall after stablecoin issuer says it will offer 10 million shares

cnbc.com Christina Cheddar Berk 2025-11-22 15:17:13

Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. Circle Internet Group stock tumbled more than 5% in extended trading Tuesday after it said it would offer 10 million Class A shares to the public. Of the total stock being offered, 2 million shares will be offered by Circle. The remaining 8 million shares will be sold by stockholders. The stablecoin issuer's shares have soared more than 450% since it went public on June 5. As pa

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CoreWeave shares drop even as revenue tops estimates

cnbc.com Jordan Novet 2025-11-22 20:31:08

Mike Intrator, co-founder and CEO of CoreWeave, speaks at the Nasdaq headquarters in New York on March 28, 2025. CoreWeave shares fell about 6% in extended trading on Tuesday even as the provider of artificial intelligence infrastructure beat estimates for second-quarter revenue Here's how the company did in comparison with LSEG consensus: Earnings per share: Loss of 21 cents Loss of 21 cents Revenue: $1.21 billion vs. $1.08 billion expected Revenue more than tripled from $395.4 million a y

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Kodak Says It May Have to Close Up Shop

gizmodo.com Bruce Gil 2025-11-22 20:10:11

The iconic photography company Kodak could go out of business within a year. The 133-year-old American company warned investors Monday in a regulatory filing that there’s “substantial doubt” it can keep its doors open unless it pays down its debts or renegotiates its terms. In the filing, Kodak warned it has “debt coming due within twelve months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current

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Threads is up to 400 million monthly active users

engadget.com Unknown 2025-11-23 00:02:04

Meta's X competitor, Threads, is continuing to add users at a brisk clip, with the social network now surpassing 400 million monthly active users. The news, reported by Fast Company , follows Threads reaching the 300 million mark in December 2024 and the 200 million mark in August 2024. FC also cited data from Similarweb that showed mobile performance for Threads drawing closer to the figures from X. In June, Threads posted 115.1 million daily active users on mobile and X had 132 million. Those

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Chrome isn’t for sale, but Perplexity just offered $34.5 billion anyway

androidauthority.com Unknown 2025-11-23 05:55:10

Edgar Cervantes / Android Authority TL;DR Perplexity AI has made a $34.5 billion cash offer for Google’s Chrome browser. Google isn’t selling Chrome and is appealing a court ruling that could one day force its sale. Perplexity says it has funding lined up and would keep Chrome open source with no search engine changes. Google might be forced to sell its Chrome browser in the future, thanks to a US court ruling that found it held an unlawful monopoly in online search. But while the case is st

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Let's get real about the one-person billion dollar company

news.ycombinator.com Marc Rand 2025-11-23 05:09:43

If you like this post, follow my journey on Twitter: https://x.com/random The biggest hurdle to the one-person billion dollar company is not AI capability, but founder pain tolerance. Sam Altman is betting on it in his private group chats. Dario Amodei predicted it'll happen in 2026. These geniuses think the one-person billion dollar company is inevitable, and unicorn teams are getting smaller, but a one person? That’s not going to just happen. One person is an intentional choice by an i

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Perplexity offers to buy Google Chrome for $34.5 billion

theverge.com Emma Roth 2025-11-23 15:50:26

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. The startup also offered to buy TikTok earlier this year. Google hasn’t indicated that it would sell Chrome at any price, and so far, the court hasn’t ordered a sale. Perplexity spokesperson Jesse Dwyer confirmed to The Verge that the WSJ’s reporting is accurat

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Pronto’s 10-minute house-help pitch sparked a 3.6x valuation jump in just 90 days

techcrunch.com Jagmeet Singh 2025-11-22 20:30:00

In 2025, the average urban Indian no longer needs to wait very long for much (except at government offices and in traffic): They simply have to order what they need from an app, and it’ll be delivered within minutes. The explosion of quick-commerce in the country has meant that millions of Indians are getting increasingly used to not having to wait for deliveries, or step out of their homes, as startups vie to make almost everything, from food and groceries to smartphones and gaming consoles, av

Topics: disrupt million pronto startup techcrunch

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Threads now has more than 400 million monthly active users

techcrunch.com Aisha Malik 2025-11-23 15:44:07

Just two years since its launch as a competitor to Twitter (now X), Meta’s Threads has topped 400 million monthly active users (MAUs), Instagram head Adam Mosseri announced on Tuesday. “As of a few weeks ago we there are more than 400 million people active on Threads every month,” Mosseri wrote in a Threads post. “It’s been quite the ride over the last two years. This started as a zany idea to compete with Twitter, and has evolved into a meaningful platform that fosters the open exchange of per

Topics: active daily million threads users

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LinkedIn launches Mini Sudoku, pushing deeper into casual games that keep users coming back

cnbc.com Jordan Novet 2025-11-24 05:00:01

Nikoli's president, Yoshinao Anpuku, poses for a photo at Nikoli headquarters in Tokyo on March 19, 2025. LinkedIn worked with Nikoli and Sudoku champion Thomas Snyder to launch its Mini Sudoku game. LinkedIn on Tuesday released a new game for the professional social networking app's 1.2 billion users. It's a miniature version of Sudoku, an old game with a rich history. The new Mini Sudoku is LinkedIn's sixth game. It's scaled down from the traditional 9-by-9 grid and meant to be completed in

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Circle shares rise as second-quarter revenue jumps 53% on strong stablecoin growth

cnbc.com Tanaya Macheel 2025-11-24 21:59:51

Circle Internet Group shares jumped Tuesday after reporting its first quarterly earnings as a publicly listed company. While charges related to the stablecoin issuer's debut contributed to a second-quarter loss, it reported a 53% increase in revenue, driven by strong growth in stablecoins. Revenue rose to $658.1 million from $430 million in the same period a year ago. Shares rose more than 7% in premarket trading. The stock has soared nearly 420% since it went public on June 5. "The validatio

Topics: circle crypto million stablecoin stablecoins

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Pronto’s 10-minute house help pitch sparked a 3.6x valuation jump in just 90 days

techcrunch.com Jagmeet Singh 2025-11-24 20:30:00

In 2025, the average urban Indian no longer needs to wait very long for much (except at government offices and in traffic): They simply have to order what they need from an app, and it’ll be delivered within minutes. The explosion of quick-commerce in the country has meant that millions of Indians are getting increasingly used to not having to wait for deliveries, or step out of their homes, as startups vie to make almost everything, from food and groceries to smartphones and gaming consoles, av

Topics: disrupt million pronto sardana startup

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C3 AI stock falls 26% as CEO Siebel calls preliminary sales numbers 'completely unacceptable'

cnbc.com Ashley Capoot 2025-11-25 15:15:59

The C3.ai logo is seen near a computer motherboard in this illustration taken on Jan. 8, 2024. Shares of the enterprise artificial intelligence company C3 AI closed down nearly 26% on Monday after it announced preliminary financial results and a restructuring of its global sales and services organization. C3 AI said Friday that it expects to report revenue between $70.2 million and $70.4 million for its fiscal first quarter 2026, though those figures are unaudited, preliminary estimates. The c

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StubHub IPO is back on for September after ticketing company delayed plans on tariff concerns

cnbc.com Annie Palmer Leslie Picker 2025-11-25 15:06:17

StubHub, the ticketing marketplace that spun out of eBay in 2020, has resumed its plans to go public and is now aiming to hold its IPO next month, CNBC has learned. The company originally paused its IPO plans in April as the stock market was reeling from President Donald Trump's "liberation day" tariffs. The decision came after StubHub submitted its prospectus in March indicating it would list on the New York Stock Exchange under the ticker "STUB." StubHub now expects to kick off its IPO roads

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GitHub will be folded into Microsoft proper as CEO steps down

arstechnica.com Unknown 2025-11-25 20:06:18

Microsoft has owned GitHub since 2018, but the widely used developer platform has operated with at least a little independence from the rest of the company, with its own separate CEO and other executives. But it looks like GitHub will be more fully folded into Microsoft's org chart starting next year—GitHub CEO Thomas Dohmke announced today that he would be leaving GitHub and Microsoft "to become a founder again." "GitHub and its leadership team will continue its mission as part of Microsoft’s

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US government seized $1M from Russian ransomware gang

techcrunch.com Lorenzo Franceschi-Bicchierai 2025-11-25 20:04:12

The U.S. Department of Justice announced on Monday it has seized the servers and $1 million in bitcoin from the prolific Russian ransomware gang behind the BlackSuit and Royal malware. According to the press release, a coalition of global law enforcement agencies, including from the U.S., Canada, Germany, Ireland, France, U.K., and others, seized four servers and nine domains on July 24. In addition, authorities also seized around $1 million in cryptocurrency. BlackSuit and Royal are two diffe

Topics: 2025 agenda blacksuit disrupt million

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Crypto exchange Bullish raises IPO size, seeks nearly $5 billion valuation

cnbc.com Tanaya Macheel 2025-11-26 05:01:45

Peter Thiel-backed cryptocurrency exchange Bullish raised the size of its initial public offering. Bullish is aiming to raise $990 million, offering 30 million shares priced between $32 and $33 apiece, and targeting a valuation of $4.8 billion, according to a Monday filing with the Securities and Exchange Commission. The company, led by former New York Stock Exchange president Tom Farley, had previously marketed 20.3 million shares at a proposed range between $28 and $31 a share and sought a $

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Latest Tech News

CoreWeave tanks 20% after posting wider-than-expected loss ahead of lock-up expiration

CoreWeave stock slumps 20% on wider-than-expected loss ahead of lock-up expiration

DOGE Has Wasted Billions While Saving Only a Fraction of What It Claims: Reports

CoreWeave stock slumps 18% on wider-than-expected loss ahead of lock-up expiration

Terraform Labs founder Do Kwon pleads guilty to fraud over $40 billion crypto collapse

CoreWeave stock slumps 14% on wider-than-expected loss ahead of lockup expiration

Just Half of ‘Wednesday’ Season 2 Has Already Matched Season 1’s Ratings

Chinese tech giant Tencent's quarterly revenue jumps 15% on AI investments, gaming unit boost

Perplexity offers to buy Google Chrome for $34.5B

Threads crosses 400M monthly active users as it gains on X

Claude gets 1M tokens support via API to take on Gemini 2.5 Pro

StubHub is once again working on its IPO that could raise $1B

CoreWeave shares drop even as revenue and guidance top estimates

Circle shares fall after stablecoin issuer says it will offer 10 million shares

CoreWeave shares drop even as revenue tops estimates

Kodak Says It May Have to Close Up Shop

Threads is up to 400 million monthly active users

Chrome isn’t for sale, but Perplexity just offered $34.5 billion anyway

Let's get real about the one-person billion dollar company

Perplexity offers to buy Google Chrome for $34.5 billion

Pronto’s 10-minute house-help pitch sparked a 3.6x valuation jump in just 90 days

Threads now has more than 400 million monthly active users

LinkedIn launches Mini Sudoku, pushing deeper into casual games that keep users coming back

Circle shares rise as second-quarter revenue jumps 53% on strong stablecoin growth

Pronto’s 10-minute house help pitch sparked a 3.6x valuation jump in just 90 days

C3 AI stock falls 26% as CEO Siebel calls preliminary sales numbers 'completely unacceptable'

StubHub IPO is back on for September after ticketing company delayed plans on tariff concerns

GitHub will be folded into Microsoft proper as CEO steps down

US government seized $1M from Russian ransomware gang

Crypto exchange Bullish raises IPO size, seeks nearly $5 billion valuation

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