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Category Archives: Tech
Crypto users in Nigeria briefly lose access to Binance, Kraken and Coinbase
Some cryptocurrency exchanges in Nigeria faced accessibility issues for users, prompting speculation of imposed restrictions on crypto sites, the Financial Times reported. On Wednesday, local media reported that Nigeria’s telecom regulator, the Nigerian Communications Commission (NCC), received instructions from the … Continue reading
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Block shares surge as much as 14% after company announces surprise profit
There was particularly strong growth in Block’s payment platform, Cash App, and its point-of-sale suite, Square.
OpenAI CEO Sam Altman stands to net millions as Reddit goes public
Sam Altman used Reddit every day for years before leading a $50 million round in the online discussion board company. Now Reddit sees ChatGPT as competition.
Intuitive Machines makes history by landing the first commercial spacecraft on the moon
Intuitive Machines has landed a spacecraft on the lunar surface, in a historic first for a private company. Flight controllers confirmed the landing at 5:23 PM CST, though the exact condition of the spacecraft is unclear as engineers work to … Continue reading
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Reddit moves forward with share listing plan
The filing offers a glimpse of the company’s efforts to turn online popularity into profit.
Apple reveals new details about Spotify’s business as possible EU fine nears
With the European Commission set to rule on Spotify’s complaint focused on competition in the streaming music market, there are hints that the ruling will not be in Apple’s favor. This week, the Financial Times reported the EC will issue … Continue reading
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Reddit says it’s made $203M so far licensing its data
Reddit’s prospects as it barrels toward a stock market listing have a lot more to do with relationships with AI vendors such as OpenAI than one might expect. In its IPO prospectus filed today with the U.S. Securities and Exchange … Continue reading
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San Jose bakery loses thousands of dollars after Tesla reportedly cancels large order
Two days after taking a job for Tesla, owner of The Giving Pies got a simple text message canceling the order.
Reddit Files to Go Public, in First Social Media I.P.O. in Years
The message board site, founded in 2005, detailed its financial performance in a filing. It is the last of an early generation of social media companies to aim for a public offering.
Reddit files to go public — at last
Social media giant Reddit filed to go public today. Its long-awaited S-1 filing will see it approach the public markets potentially at the head of a long column of richly valued technology startups and private companies that need to find an … Continue reading