Reddit cofounder Alexis Ohanian believes the next generation of social apps will focus on trusted connections rather than viral growth. His firm just invested $5 million in Airbuds, a social music app popular with teens. He says everyone is “tapped out” of traditional social media.
The debate over Elon Musk’s engineering credentials misses the point. Sometimes being slightly removed from a field allows for the kind of intuitive leaps that specialists miss entirely. From chefs to scientists, outsiders often bring the most revolutionary ideas.
Shein’s planned Paris boutique debut turned into a nightmare as French authorities blocked packages and called for EU-wide action. The controversy comes as founder Xu Yangtian navigates the company’s third IPO location shift while maintaining his extreme privacy.
The tech-heavy Nasdaq Composite Index is heading toward its worst week since April as major tech stocks tumble. October saw the highest layoffs in 20 years while hiring hit a 14-year low, despite strong Q3 earnings.
Microsoft is sending apology emails and refund offers to millions of Australian customers after regulators accused the company of steering users toward more expensive Copilot-bundled plans. The company admitted it should have been clearer about cheaper alternatives from the start.
Trump Media reported staggering losses of $54.8 million last quarter with revenues under $1 million. The company burned through $20 million in legal fees while its stock hit new lows. Basically, the numbers are brutal.
American manufacturers are facing a deepening workforce crisis that threatens the industry’s survival. Despite massive investments in training and automation, most experts believe the skills gap may never fully close as manufacturing jobs decline for the fourth straight month.
Northern Data is selling its Peak Mining business to focus on AI cloud services and data centers. The deal includes $50M upfront plus potential profit sharing. This marks the company’s complete pivot away from its crypto mining origins.
Companies are racing to implement AI, but the smart money is on augmentation, not replacement. New data shows most businesses are using AI to make existing employees more effective rather than cutting jobs. The real challenge? Getting governance right from the start.
Global investors are getting spooked by AI valuation fears as tech bubble concerns mount. The recent market dip has some seeing buying opportunities while others warn of concentration risk in U.S. AI stocks.
