4h ago
Meta shareholders sue Zuckerberg to block his nonvoting share plan
‘Zuckerberg has always been fixated with his control,’ say Meta shareholders suing to block the non-voting shares he could sell to pay a wealth tax.
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2d ago
Meta launches $35bn share sale to fund its AI spending
Meta is selling about $35bn of common and convertible preferred stock to fund AI, and says Nvidia, AMD and Broadcom may buy up to $5bn of the shares.
10-25
OpenAI cuts valuation target to $1.25tn as it nears $30bn funding round
OpenAI is closing in on a funding round of up to $30bn. The company has lowered the valuation it is seeking to $1.25tn, a $150bn reduction from the $1.4tn it pitched earlier this month. The new money is not included in that valuation.
10-23
Zuckerberg planned to sell his home, so Meta built him a wealth tax deal
Meta is creating shares Zuckerberg can sell to pay a California wealth tax, after he planned to list his home. He must stay eight years.
10-23
Apple's iPhone Duo goes on sale with tight supply and mixed reviews
Apple's iPhone Duo went on sale on October 23, with the Sydney store the first to open its doors to buyers. Delivery dates for new orders have slipped to late January. IDC expects Apple to take 44% of foldable market value in 2026.
10-21
Anthropic could spend $750bn on compute
A draft S-1 shows a first-half loss of $80.7bn. Most of that reflects accounting charges. Revenue rose from $1.1bn to $16.3bn.
10-18
OpenAI’s London staff averaged £2.3m each in 2025, Guardian reports
OpenAI UK Ltd more than trebled its turnover to £293m in 2025, the Guardian reports, as average pay and shares per London employee reached £2.3m.
10-15
Anthropic tells investors Q3 revenue reached $16.8bn, FT reports
Anthropic told investors on October 14 that Q3 revenue reached $16.8bn and it was profitable on an adjusted basis, ahead of a November IPO.
10-13
Bumble reportedly in talks to go private at a valuation of about $1bn
Bumble is in advanced talks to be taken private by Ithaca Holdings in a deal valuing the dating app at about $1bn, Reuters reports. Shares jumped 50%.
