Dan Ives eyes Tesla-SpaceX merger at $500 per share – Tesla (NASDAQ: TSLA), SpaceX (NASDAQ: SPCX)
Tesla Inc. (NASDAQ: TSLA) could be worth more than $500 per share in a possible merger with Space Exploration Technology Company. (NASDAQ: SPCX), according to Dan Ives of Yorkville Ives & Co. Ives puts the chances of a deal by the end of 2027 at 80%…
Stagwell acquires publisher monetization network Freestar
Agency holding company Stagwell is acquiring publisher monetization network Freestar, it announced Monday. The deal is the latest sign that media buyers are moving closer to publishers to shorten supply chains and get the audience data they need to train…
Microsoft offers buyouts to nearly 30% of its workforce amid ongoing shift to AI
Microsoft is offering buyouts to about 60,000 employees, or about 27% of its workforce, as the software giant continues to spend heavily on artificial intelligence. In a memo to employees Monday, Chief Human Resources Officer Amy Coleman outlined the new…
Japanese Virtual Desktop Cloud Hacked So Badly It Asks to Be Banned
Japanese ISP GMO Internet has warned its customers that the cloud desktop service it offers as an ideal environment for foreign exchange trading was compromised by an attacker and that it was slow to improve the security of the service. GMO runs a…
Five strange details from Anthropic’s IPO filing
Anthropic finally filed its S-1 prospectus with the SEC, a document designed to give investors insight into its business, from its executives’ earnings and plans to spend its IPO billions to the risks that could derail its ambitions. At over 300…
Costco withdraws application for new store location
Travelers taking Highway 55 will still have to drive a little further to get their $1.50 hot dog and bulk toilet paper. Costco has withdrawn its application for a new warehouse in Eagle. The wholesaler previously planned a new location at Highway 55 and…
Incyte Reports Phase 1 Data to ESMO: 81% Response Rate on Pancreatic Drug
Adam Feuerstein is a senior biotechnology writer and columnist, reporting on the intersection of drug development, business, Wall Street and biotechnology. He is also co-host of the weekly biotechnology podcast The Readout Loud and author of the…
Netflix price prediction: where the stock is going after a year of doubts
Netflix just beat its profits and still got punished, losing nearly half its value over the past year while its margins gradually widened. Something about these calculations doesn’t add up, and the answer determines where the stock goes from here.…
Xbox staff among Microsoft’s 60,000 employees offered voluntary redundancy
Microsoft offers voluntary departure to employees. In a memo, Senior Vice President of Human Resources Amy Coleman announced that the limited-time Voluntary Exit Offer (VEO) was open to “eligible personnel from participating teams” in the…
New analysis reveals signs the AI bubble is about to burst
Sign up to see the future, today Unmissable innovations at the cutting edge of science and technology Whether or not you use AI in your personal life, it is no longer possible to escape the grip of the industry. Several billion dollars now depend on the…