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Tag: Investment & Company Information

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Shoe company Allbirds pivots to AI compute in sign of a totally normal and healthy economy

The shoe company Allbirds, famous for its wool trainers, is pivoting to AI. You read that right....
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SpaceX has reportedly filed for the biggest IPO in history

SpaceX has reportedly taken the step many onlookers have long expected: filing paperwork to hold an initial...
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ByteDance is selling its Moonton game unit to Savvy Games for a cool $6 billion

Following discussions first reported on earlier this year, ByteDance has agreed to sell its games unit Moonton...
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Rivian will provide 50,000 robotaxis to Uber in a deal worth $1.25 billion

Rivian and Uber have entered into a major partnership, with the former to provide the latter with...
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Rad Power Bikes gets a new owner, pledge to build bikes in the US

Life EV has completed a court-approved acquisition of Rad Power Bikes, granting a second life to the...
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Downdetector and Speedtest have been sold for over $1 billion

The next time you check your internet speed or whether your favorite site is down, another company...
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Meta signs a multimillion dollar AI licensing deal with News Corp

Meta has signed an AI licensing deal with News Corp that will allow the Meta AI maker...
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OpenAI secures another $110 billion in funding from Amazon, NVIDIA and SoftBank

OpenAI just announced a massive funding round of $110 billion, which is one of the biggest investment...
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Kalshi fined a MrBeast editor for insider trading

Kalshi, one of several online prediction markets that have exploded in popularity in the last few years,...
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Xbox head Phil Spencer is leaving Microsoft

Phil Spencer, CEO of Microsoft Gaming, is retiring, Satya Nadella has announced. Asha Sharma, the President of...
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Spotify now has more than 750 million monthly users

Spotify announced Tuesday that it hit 751 million total monthly active users (MAUs) for quarter-four of 2025....
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Sony’s holiday PS5 sales dropped 16 percent compared to last year

Sony has now shipped 92.2 million PlayStation 5 consoles in total around the world, but sales were...
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The Switch just surpassed the DS as Nintendo’s best-selling console ever

The original Switch just became Nintendo’s best-selling console ever with 155.37 million units as of December 31,...
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Vimeo lays off most of its staff just months after being bought by private equity firm

Vimeo just got hit by a brutal round of layoffs, according to a report by Business Insider....
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TikTok finalizes deal for its US entity

TikTok has finalized the deal for its US entity, with its parent company ByteDance selling majority of...
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GameStop reportedly shuts down more than 400 US stores

Your neighborhood GameStop might be on the chopping block, along with more than 400 other retail locations...
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Meta buys startup known for its AI task automation agents

Meta has acquired an AI startup called Manus — known for its custom research and website-building agents...
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We have more details on the TikTok deal, including some ownership statistics

TikTok has signed a deal to spin off its American business, according to reporting from Associated Press...
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Sony is buying Peanuts

Sony is paying approximately $460 milliion to purchase Peanuts and its characters, including Snoopy and Charlie...
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Trump Media is merging with a Google-backed fusion energy company in a deal worth $6 billion

Trump media, the company behind the president's personal social media platform Truth Social, is inexplicably merging with...
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OpenAI’s house of cards seems primed to collapse

OpenAI is in a far less commanding position than it was following the public release of ChatGPT...
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Ubisoft delayed its latest earnings report due to an accounting issue

The possible reasons behind Ubisoft delaying the earnings report it was expected to release last week were...
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Something funky is going on at Ubisoft

It's been clear for some time that all is not well at Ubisoft. Between games not meeting...
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Sony has sold 84.2 million PlayStation 5s since launch

It's been just over a year since Sony launched the updated PS5 Slim and PS5 Pro consoles,...
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Paramount+ is getting a price hike and ending free trials

Paramount+ is making some changes that will make its streaming service get more to watch. During Paramount's...
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SpaceX acquires $2.6 billion more in spectrum licenses from EchoStar

SpaceX is acquiring more spectrum licenses from EchoStar in exchange for about $2.6 billion worth of shares...
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Snap and Perplexity sign $400 million deal to put AI search directly in Snapchat

Snap and Perplexity AI have struck a $400 million deal that will bring the AI search engine...
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NIntendo expects to sell way more Switch 2s than it thought

Nintendo has boosted its Switch 2 sales forecast for the current fiscal year, meaning it could top...
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OpenAI signs $38 billion cloud contract with Amazon

When OpenAI announced last week the end of its drawn-out corporate restructuring, one of the freedoms the...
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Xbox console revenue fell 30 percent year-over-year this summer

It hasn't been a good year for Xbox so far. Microsoft has released its earnings report for...
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HBO Max is getting even more expensive starting today

Yet another streaming platform is asking people to dig deeper into their wallets and pay more to...
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Nintendo reportedly wants to build 25 million Switch 2s by March 2026

Nintendo has asked suppliers to build 25 million Switch 2 console by the end of March 2026,...
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