Nvidia CFO Colette Kress says Q2 “net other income” was $2.2B, “driven by gains in a publicly-held equity security”, which refers to Nvidia's CoreWeave position
sherwood.news/markets/nvidia-the- asset-manager-had-a-massive-q2-thanks- to-coreweaves-rally/ [image] Ed Zitron / @edzitron.com : Are you FUCKING KIDDING ME? NVIDIA barely beat ea...
Nvidia reports Q2 revenue up 56% YoY to $46.74B, Data Center revenue up 56% to $41.1B, below $41.34B est., and approves an additional $60B in share buybacks
Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50% …
In a testimony without the jury present, SBF says he followed the counsel of lawyers to make critical decisions around passing FTX customer money to Alameda
Former crypto billionaire blames lawyers as court hears first snippets of testimony without jury present
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
Programming note: Money Stuff was supposed to be off today, but: bank run! — SVB
A look back at Spotify betting hundreds of millions of dollars on podcasts, which CFO Paul Vogel says were a “big drag on our business in 2022”
By 2021, Spotify had paid to sign some of the biggest names in podcasting, and it was ready to start squeezing its competitors.
Memo: BuzzFeed plans to rely on OpenAI to enhance its quizzes and personalize its content while humans offer ideas, “cultural currency”, and “inspired prompts”
CEO Jonah Peretti intends for artificial intelligence to play a larger role in the company this year
A look at the challenges facing Trump's Truth Social app, including competition from Gettr and Parler and finding users willing to leave mainstream apps
New York Times :
Trump Media & Technology Group launches Truth Social in the US App Store; some users received error messages or were placed on a waitlist when signing up
Some people who downloaded the social media app received error messages when they tried to create an account. Others were placed on a waitlist.
In an abrupt reversal, OnlyFans suspends its October 1 policy change banning porn after securing “assurances” and aims to provide “a home for all creators”
- OnlyFans is reversing its recent decision to ban porn. — It had planned to prohibit sexually explicit … Source: @onlyfans .
In an abrupt reversal, OnlyFans suspends its October 1 policy change banning porn after securing “assurances” and aims to provide “a home for all creators”
- OnlyFans is reversing its recent decision to ban porn. — It had planned to prohibit sexually explicit … Source: @onlyfans .
OnlyFans founder Tim Stokely blames banks, including BNY Mellon, Metro Bank, JPMorgan, for its porn ban, but says Mastercard's rules had no bearing on the ban
Tim Stokely says Bank of New York Mellon ‘flagged and rejected’ all interbank wires linked to website
An investigation of the cult leader behind Acellus, an online learning platform used by thousands of US students, who's been accused of violence and abuse
The creator of Acellus and the 'cult's leader has been accused of violence and abuse — was summer when Mark Mauikānehoalani Lovell … Tweets: @sarahnemerson , @bendwalsh , @aarong...
Sources: Quibi is exploring several strategic options including a possible sale, raising more money, or going public through a merger with a SPAC
Streaming-video service founded by Hollywood mogul Jeffrey Katzenberg has struggled to attract subscribers since launching in April
Utah AG suspends Banjo's state contract after report about its founder's KKK past, suspends use of the surveillance tech while auditing it on data privacy, bias
you should also read his book on police/tech surveillance. https://twitter.com/... Schmaltzing Matilda / @shammaboyarin : Some of those who burn crosses, create massive surveillanc...
The CEO of Banjo, a SoftBank-backed surveillance firm that's raised nearly $223M, was once a neo-Nazi and was involved in the drive-by shooting of a synagogue
magazine profiles and on conference stages, Damien Patton, the 47-year-old co-founder and CEO of the surveillance startup Banjo, often recounts a colorful autobiography.
Sources: Elliott Management has quietly built up a $2.5B+ stake in SoftBank and is pushing for changes like stock buybacks and improved corporate governance
Wall Street Journal :
Facebook created a chatbot called “Liam Bot” that teaches employees official company talking points for responding to friends and family critiquing the company
The “Liam Bot” teaches employees what to say if friends or family ask difficult questions about the company over the holidays.
20+ people, many who worked with Jack Dorsey at Square or Twitter, recall how he avoids decision-making, is a slower thinker, and sometime responds in riddles
“Jack is thinking about things at a different pace from the rest of us,” says Greg Kidd, who has known Jack Dorsey, now 42, since Dorsey was 19. Tweets: @bendwalsh , @_harshilshah ...