US tech stocks slide for a third consecutive day amid a sell-off in the software sector; the Nasdaq closed down 1.6%, MSFT 4.95%, QCOM 8.46%, and PLTR 6.83%
Nasdaq drops as recent high-flying companies pull market lower — US tech stocks fell on Thursday, as weak jobs data piled further pressure …
Investor fears that software companies are facing an AI-driven extinction event are exaggerated, but the persistent belief has damaged their stocks for months
and they're terrifiedMelia Russell /Business Insider:Anthropic's latest AI tool was seen by the legal software industry as a ‘shot across the bow.’ Here's what it means.Reuters:‘So...
Investor fears that software companies are facing an AI-driven extinction event are exaggerated, but the persistent belief has damaged their stocks for months
Fears that software companies are facing an extinction event are exaggerated, but other dangers are real
Many AI founders now find it necessary to raise at valuations requiring absolute domination of the field; Brex, once valued at $12B, shows the downsides of this
Capital One just announced it's acquiring Brex for $5.15 billion. An incredible, top .1% “exit” in less than 10 years …
Figma's stock closes up 250% at $115.50, after Figma sold shares at $33 in its IPO, hitting a ~$68B valuation; Adobe's $20B Figma acquisition fell apart in 2023
Figma's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO.
Israel plans to boycott Europe's biggest tech conference, Web Summit, after the event's co-founder accused Israel of war crimes, as many tech companies pull out
given all the tweets @paddycosgrave has been liking over the last few days. I saved several of them on the attached google doc (so we have a record when the @WebSummit PR team asks...
Sources: Elon Musk is speaking to investors, including Silver Lake, to partner with him on a Twitter bid; a plan with partners could be announced within days
Elon Musk is speaking to investors who could partner with him on a bid for Twitter, sources close to the matter told The Post.
Twitter adopts a “poison pill” to thwart Elon Musk's $43B takeover, giving shareholders time to purchase additional shares at a discount to dilute 15%+ stakes
Twitter's board on Friday enacted a defensive measure meant to deter Elon Musk's $43 billion hostile takeover bid.
Visa is abandoning its $5.3B planned acquisition of fintech firm Plaid after the DOJ sued over antitrust concerns in November
Justice Department sued in November to challenge $5.3 billion deal — Visa Inc. is abandoning its $5.3 billion planned acquisition of Plaid Inc. …
Facebook says it will let many of its 50,000 employees work from home permanently, “aggressively” open up remote hiring, first in the USA, then elsewhere
Facebook CEO Mark Zuckerberg said Thursday that the social media giant will start allowing many of its 50,000 employees …
Disney bans Netflix ads on most of its TV networks; it had initially issued a blanket ban on ads from any streamers, but reversed course for all but Netflix
Wall Street Journal :