Monthly Archives: July 2025

Figma’s top VCs are sitting on $24 billion worth of stock after massive IPO pop

Venture capital firms have been waiting for big exits after an extended lull in IPOs. Figma’s debut is returning billions.

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Reddit revenue soars as it bets on AI and advertising

Reddit reported its Q2 earnings, and it’s clear that its focus on AI has ramped up significantly.

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Apple has now sold 3 billion iPhones

The rate of iPhone sales growth has accelerated too. This uptick in sales might be temporary, though.

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Apple plans to ‘significantly’ grow AI investments, Cook says

Apple is open to M&A to accelerate its AI strategy, and says it’s made seven acquisitions this year so far.

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Coinbase shares tumble as second-quarter revenue disappoints

Subscription revenue failed to offset weaker trading revenue.

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Amazon’s cloud business records 18% growth in second quarter

Amazon announced new business from the likes of PepsiCo during the second quarter, as revenue topped $30 billion.

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Coinbase says it’s launching tokenized stocks, predictions markets for U.S. users in coming months

The expansion puts Coinbase in even closer competition with Robinhood, Gemini and Kraken, all of whom have tokenized equity offerings for users outside the U.S.

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Reddit shares jump 20% on second-quarter sales and guidance beat

The company’s sales grew 78% year-over-year in the second quarter and was 17% above consensus estimates, representing the biggest beat in Reddit’s history.

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Enterprises prefer Anthropic’s AI models over anyone else’s, including OpenAI’s

Anthropic holds 32% of enterprise LLM market share by usage. This is a sharp reversal from just two years ago when OpenAI held 50%.

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Twitter’s former Trust and Safety head details the challenges facing decentralized social platforms

Yoel Roth shares concerns about the open social web’s ability to combat misinformation, spam, and other illegal content.

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