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Alphabet shares fall sharply, wiping out about $500 billion in market value

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.

Media groups' push for Stealth Bot Prohibition Act draws pushback over scraping rules

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.

Seattle artist Bliss Kolb gets 100 commission requests after Kelly Clarkson bird dispute

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.

Meta board clashes with Zuckerberg over pay demands tied to AI spending surge

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.

New documentary revisits Elizabeth Holmes with intimate home footage

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.

WSJ Investigation Series Led to Elizabeth Holmes' Downfall at Theranos

A series of Wall Street Journal investigative articles examined blood-testing company Theranos and its founder Elizabeth Holmes, raising questions about the company's technology and practices. The reporting is credited with setting in motion the events that led to Holmes' eventual downfall.

Anthropic's net loss hit $80 billion in first half of 2026, WSJ reports

A draft IPO prospectus reviewed by the Wall Street Journal shows Anthropic posted an $80 billion net loss for the first six months of 2026, up sharply from $13 billion in the same period a year earlier. Revenue over that span rose only modestly, from roughly $15.2 billion to $16.3 billion, while the company has also committed to about $450 billion in cloud computing infrastructure spending over the next seven to ten years.

Elizabeth Holmes' pitch to A24 led to Nathan Fielder's 'You Can See Everything'

Elizabeth Holmes reportedly approached studio A24 proposing a documentary about herself. Comedian Nathan Fielder learned of the pitch and asked to get involved, resulting in the release of a film called You Can See Everything that references the Theranos scandal without detailing its specifics. The film assumes audiences already know the background of Holmes' 2021 fraud conviction.

Laundromat owners report hidden costs after TikTok trend glamorized the business

Owners who bought laundromats after seeing TikTok videos promising easy passive income are describing a harsher reality to the Wall Street Journal, including costly repairs, long hours, drug activity and endless cleaning. Industry group CEO Brian Wallace notes a small laundromat costs about $300,000 with an average 24% profit margin, and says it is not a business you can run by just collecting quarters weekly.

WIRED editor reflects on magazine's 2014 Theranos coverage and Holmes' media rise

A former WIRED editor recounts how Elizabeth Holmes and Theranos secured favorable coverage across major outlets, starting with a 2013 Wall Street Journal opinion piece and followed by WIRED's own 2014 Q&A profile, plus features in Fortune, The New Yorker, and Inc. The piece traces how Holmes was repeatedly framed as the 'next Steve Jobs' before Theranos was later exposed as fraudulent.

Anthropic's $17B revenue figure sparks investor pushback ahead of IPO

Anthropic told private investors its revenue grew 45 percent to nearly $17 billion, according to the Wall Street Journal. Critics and some investors say that figure falls far short of what's needed to justify the company's anticipated $2 trillion valuation, with Reuters reporting some investors are now considering a lower valuation of roughly $1.5 trillion.

YouTube reportedly in talks with publishers to launch audiobooks

According to the Wall Street Journal, YouTube is negotiating with publishers and could launch an audiobooks feature as early as next year. The report says YouTube has discussed bundling the feature into its $16-a-month ad-free Premium subscription, though pricing and whether individual books would be sold remain unsettled. YouTube has not confirmed the plans.