Investors are reportedly weighing bids that would value Anthropic as low as $1.1 trillion, down sharply from the roughly $2 trillion figure floated when the company filed to go public before the midterm elections. The shift follows a broad market selloff that erased $2.3 trillion in value, amid voter backlash against tech companies and data center expansion, and Anthropic's reported $80 billion-plus loss in the first half of 2026.
futurism.com
· 2026-11-06
A project called OccupySaaS has launched, framing itself as a software-world successor to the 2011 Occupy Wall Street movement. Rather than organizing protests, it publishes working software under an open licence that anyone can run, drawing on Occupy's leaderless, assembly-based structure as inspiration.
occupysaas.com
· 2026-11-02
Alphabet shed roughly $500 billion in market capitalization as investor unease grew over the scale of Silicon Valley's AI-related spending. The decline reflects a broader pullback in tech stocks tied to artificial intelligence investment.
gizmodo.com
· 2026-10-30
Jim Cramer said Thursday's market selloff, which saw the Dow and S&P 500 fall 0.4% and the Nasdaq drop 1.4%, unfairly punished Palo Alto Networks, CrowdStrike, Workday and Salesforce alongside disappointing results from Fortinet and ServiceNow. He argued these companies have different business models and competitive positions than the firms that missed estimates.
cnbc.com
· 2026-10-29
Amazon reported third-quarter net income topping $20 billion and its strongest cloud revenue growth in years, yet its stock dropped after the results missed Wall Street expectations. Free cash flow fell sharply during the quarter, which appeared to weigh on investor sentiment despite the strong profit and cloud numbers.
wsj.com
· 2026-10-29
Alphabet's stock dropped significantly on October 29, pulling the Nasdaq down with it, after third-quarter earnings showed Google Services revenue of $96.3 billion, below Wall Street's $98.5 billion estimate. Search revenue growth slowed to 12% year over year, down from 17% in Q2 and 19% in Q1, while operating expenses rose and free cash flow turned negative as the company increases spending on data centers and AI models.
entrepreneur.com
· 2026-10-29
More than 300 media industry representatives lobbied Congress in late September for the Stealth Bot Prohibition Act, aimed at curbing automated AI data-harvesting that drains referral traffic and ad revenue from news sites. Critics Lila Bailey and Tess Vartanian argue the bill would instead require anyone running an automated web crawler to disclose their identity and purpose, a mandate they say would hinder legitimate activities like investigative journalism, archiving and research.
techpolicy.press
· 2026-10-27
Artist Bliss Kolb has received about 100 commission requests since Oct. 10, when Kelly Clarkson visited Brooklyn's Art of Play and was told his handmade singing wooden bird, priced at $15,000, was not for sale. Clarkson publicly accused the store of assuming she couldn't afford it, while the store said the piece simply wasn't on the market. Kolb's pieces typically range from $4,000 to $15,000, and the store has since listed the original bird for $15 million.
entrepreneur.com
· 2026-10-26
U.S. markets wavered last week as fears about financing the AI buildout outweighed strong corporate earnings. Meta Platforms reported negative free cash flow for the first time since its 2012 IPO and flagged it may need hundreds of billions more in financing, triggering a Thursday sell-off that hit CoreWeave especially hard, down over 10% on the day and more than 10% for the week. The Dow still gained 0.4% for the week while the S&P 500 fell 0.5% and the Nasdaq slipped 0.7%.
cnbc.com
· 2026-10-24
According to the Wall Street Journal, Meta's board of directors is in a standoff with CEO Mark Zuckerberg after he sought a large stock-heavy pay increase, with some directors reportedly threatening to resign if he does not relent. The dispute follows Meta posting negative free cash flow of $2.12 billion in the third quarter of 2026, its first such shortfall since 2012, amid heavy AI investment.
futurism.com
· 2026-10-24
Filmmakers Nathan Fielder and Lance Oppenheim spent time documenting Elizabeth Holmes and her partner Billy Evans at home with their children, beginning around a month before she started serving her prison sentence in May 2023. The resulting film reportedly features extensive close-up footage of Holmes interacting with Fielder and her family, revisiting the Theranos founder's story after her 2022 fraud conviction.
technologyreview.com
· 2026-10-23
Economists Owen Zidar and Eric Zwick have published a book, The Everywhere Millionaire: Who Is Really Rich in America and How They Got There, arguing that most American millionaires are not tech founders, celebrities or Wall Street figures. The authors present five key findings about the actual sources of wealth across the country, drawing on their research into tax and income data.
fastcompany.com
· 2026-10-23
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