Netflix beats expectations as cofounder Reed Hastings steps down from board
Netflix shares still plunged after beating first quarter revenue expectations.
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You would be a millionaire today if you invested $35,000 in this stock one year ago
SanDisk stock has soared more than 2700% in a year.
Shoemaker Allbirds suddenly says it’s an AI company… stock jumps 800%
The former shoemaker said it would pivot and rebrand itself “NewBird AI.”
Sydney startup raises $5m on the tech that found downed pilot
Quantum magnetometers were thrust into the spotlight last week when news broke of the top-secret CIA device used to find a downed US pilot in Iran. Aussie company Deteqt was already on the case.
How the Trumps blew $1 billion on Bitcoin
Plenty of crypto newbies lost money chasing the bitcoin boom that followed Donald Trump’s reelection. None of them took as big of a hit as the president himself.
Meta shares spike after tech giant launches Muse Spark – Its AI bid against OpenAI
Meta’s first large language model under AI chief Alexandr Wang rolled out Wednesday, to eventually reach Instagram and Facebook.
Musk closer to trillionaire status after SpaceX files for IPO
An anticipated stock market debut for Musk’s aerospace firm may be the largest ever.
Abu Dhabi’s hidden stake in one of venture capital’s biggest players
A workplace lawsuit has opened the lid on the little-known ownership structure of Insight Partners, an investor in OpenAI and Anthropic: It is now partially owned by the government of Abu Dhabi.
$1.6 billion in card surcharges to be scrapped under new RBA rules
The Reserve Bank of Australia will ban surcharges on eftpos, Visa and Mastercard payments from October 1, removing an estimated $1.6 billion in annual fees so consumers pay only the sticker price, while American Express remains exempt and subject to review.
Inside the race to sell OnlyFans
OnlyFans has been a money-printing machine for its secretive billionaire owner Leonid Radvinsky. Investors were puzzled by an obscure debt fund’s pitch to buy him out, until they learned of his terminal cancer diagnosis.