The SpaceX IPO is great for Elon Musk and terrible for you
The SpaceX IPO is great for Elon Musk and terrible for you Number go up? | Image: Cath Virginia / The Verge, Getty Images I haven’t seen anything as stupid as the WeWork IPO document in a very long time – that is, until Elon Musk filed to take SpaceX public. WeWork was a joke. […]
A Google employee allegedly used inside information to win $1.2 million on Polymarket
A Google employee allegedly used inside information to win $1.2 million on Polymarket Federal prosecutors charged a Google employee with fraud after he allegedly made $1.2 million on Polymarket bets related to Search-related trends in 2025, as reported earlier by ABC News. In their now-unsealed complaint, prosecutors allege that Michele Spagnuolo “knew the outcome of […]
Samsung’s memory chip employees negotiated $340,000 bonuses this year
Samsung's memory chip employees negotiated $340,000 bonuses this year 48,000 Samsung workers had threatened to strike unless bonus caps were lifted. | Photo: Jung Yeon-je / AFP via Getty Images Details have emerged about a tentative deal struck between Samsung and semiconductor employees who had threatened to strike. The deal reportedly makes some workers eligible […]
Anthropic is paying $15 billion a year for access to Elon Musk’s data centers
Anthropic is paying $15 billion a year for access to Elon Musk's data centers Earlier this month, SpaceX and Anthropic announced a new compute partnership that provides access to the rocket company’s Colossus data centers in Memphis, TN. Now, with the release of SpaceX’s IPO filing, we have more details about that deal, including how […]
Meta lays off thousands of employees to offset AI investments
Meta lays off thousands of employees to offset AI investments Meta says it needs to “offset the other investments we’re making.” | Image: Cath Virginia / The Verge, Getty Images Meta has reportedly notified thousands of employees that they’ve been laid off as the company attempts to compensate for its hefty AI investments. In an […]
In SpaceX’s IPO, Elon Musk is a risk factor
In SpaceX's IPO, Elon Musk is a risk factor The SpaceX IPO is here, and it’s more than just an historic public offering that could make Elon Musk the world’s first trillionaire. It also reveals more ways in which Elon Musk’s companies interact and overlap with each other, shuffling money around in ways that are […]
SpaceX just filed for what could be the biggest IPO ever
SpaceX just filed for what could be the biggest IPO ever Elon Musk’s final frontier is officially open for business now that SpaceX has formally filed its S-1 prospectus with the SEC. That kicks off what could be the largest initial public offering ever when it lists on the Nasdaq stock exchange with the ticker […]
Samsung workers set to strike at worst possible time
Samsung workers set to strike at worst possible time Samsung Electronics workers attended a rally outside the company’s semiconductor plant in Pyeongtaek on April 23rd, ahead of the planned strike. | Photo by SeongJoon Cho/Bloomberg via Getty Images More than 47,000 Samsung Electronics workers are gearing up for an 18-day strike after bonus payment negotiations […]
Palantir’s true believers are wearing this jacket
Palantir's true believers are wearing this jacket In late April, Palantir – the software company that, in recent years, has perhaps become best known for its defense industry contracts and work with Immigration and Customs Enforcement – announced that it would be adding new products to its merch store. The latest offering was a cotton […]
Meta lost 20 million users last quarter
Meta lost 20 million users last quarter Meta is planning to pump billions more into AI investments this year, despite noting that millions of users have seemingly started to abandon its platforms. In an earning call on Wednesday, Meta reported that figures for “Family daily active people” – the term Meta has coined for all […]