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Monthly Archives: August 2025
Henrik Fisker quietly wound down his nonprofit after his EV startup went bankrupt
Henrik Fisker, the founder of failed EV startup Fisker Inc., and his wife Geeta quietly wound down a private charitable foundation established in late 2021 that was supposed to “incubate innovation in healthcare, education, sustainability, mobility, and all causes that … Continue reading
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Ambarella stock rips 20% higher after earnings as AI demand boosts guidance
Ambarella CEO Fermi Wang singled out strength in portable video, robotic aerial drones and edge infratructure.
Marvell stock slumps 16% after data center revenue, forecast disappoint
Marvell stock sunk after the artificial intelligence chipmaker gave weak guidance for the fiscal third quarter.
FanDuel launches new peer-to-peer fantasy sports app, FanDuel Picks
Gambling company FanDuel has launched a new fantasy sports app, FanDuel Picks, in time for the NFL season. Launched by FanDuel and owned by gambling giant Flutter, FanDuel Picks is a new peer-to-peer fantasy sports app, bringing a new way … Continue reading
MGM Resorts launches modern adaptation of Family Feud from the casino floor
MGM Resorts is launching a licensed version of Family Feud, played and streamed live from a studio in Las Vegas’ MGM Grand casino. In a new ‘Live from Vegas’ offering, MGM Resorts is hosting a licensed adaptation of Family Feud, … Continue reading
LA City Attorney sues Stake, Kick, and partners over alleged illegal gambling ring
The Los Angeles (LA) City Attorney has sued sweepstakes operator Stake, Kick Streaming, and other partners over an alleged illegal gambling ring. As well as Stake and Kick, the two companies’ co-founders Ed Craven and Bijan Tehrani, service providers Evolution … Continue reading
Americans are expected to spend $30 billion betting on the upcoming NFL season
The American Gaming Association (AGA) has estimated that Americans will spend a collective $30 billion on NFL bets in the 2025 season. Data from the AGA estimates that Americans will wager $30 billion on the upcoming 2025 NFL season via … Continue reading
Affirm stock surges 20% as CEO Levchin notes continued consumer strength
Going into the print, the big question was whether losing Walmart to rival Klarna would drag on results.
Billionaire Ambani taps Google, Meta to build India’s AI backbone
Reliance is launching a new subsidiary to drive India’s AI ambitions, including a pending partnership with OpenAI.
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Former Ladbrokes CEO charged in Turkish bribery case
The Crown Prosecution Service (CPS) has released information regarding an ongoing betting and bribery case involving a former Ladbrokes Chief Executive Officer. The individuals who worked for GVC, the parent company of Ladbrokes, were mentioned in a statement by Hannah … Continue reading