Category: Business

Meta has a lot at stake in the current FTC lawsuit against it. In theory a negative verdict could result in a company breakup. But CEO Mark Zuckerberg once faced an even bigger existential threat. Back in 2006, his investors and even his employees were pressuring him to sell his two-year-old startup for a quick […]

On Wednesday, the team behind the official Donald Trump memecoin sparked a trading frenzy after announcing that the investors who held the largest amount of the crypto coin in the coming weeks would be invited to a gala dinner attended by the US president. “At this intimate private dinner, hear first-hand president Trump talk about […]

Zoë Schiffer: Can you talk to me about that relationship? And also, what is Tesla’s standing like in China? Is it viewed as a popular, cool car still? Zeyi Yang: It’s still sort of, because for the longest time, Chinese auto brands have been seen as inferior to foreign brands. Tesla still has that halo […]

Performing an ICO generally involves deploying code to mint a coin on the Ethereum network, outlining the ambitions for a project on a website, and soliciting investment. “Many projects were little more than a white paper and a landing page with a countdown timer—the barrier to entry was minimal,” says Wang. Though a handful of […]

Starting today, Bluesky is rolling out a new verification system, complete with the familiar blue check marks popularized by Twitter. The social platform, which has experienced rapid growth since it opened to the public in early 2024, formerly relied on an unconventional self-verification system where users could “authenticate” themselves by including custom domains in their […]

While capabilities like dancing can be fun and eyecatching, they don’t actually show how useful humanoid robots are in real-world situations, says Fern. Even being able to run a half marathon isn’t a very useful benchmark for their skills—it’s not like there’s market demand for robots that can compete with human runners. The benchmarks that […]

On Monday, a developer using the popular AI-powered code editor Cursor noticed something strange: Switching between machines instantly logged them out, breaking a common workflow for programmers who use multiple devices. When the user contacted Cursor support, an agent named “Sam” told them it was expected behavior under a new policy. But no such policy […]

Over 1,400 employees who were about to be laid off from the Consumer Financial Protection Bureau (CFPB) will be able to keep working for at least another week after a federal judge intervened in the dismantling of the independent regulator on Friday. Judge Amy Berman Jackson in Washington, DC, said the Trump administration could not […]

A federal judge ruled today that Google is a monopolist in some parts of the online advertising market, marking the second case in a year where the company was found to have violated US antitrust law. Last August, a federal judge ruled that Google was maintaining an illegal monopoly in search. Judge Leonie Brinkema of […]

Paresh Dave: Absolutely. The timing when some of those moves were first announced was viewed as kind of suspicious because it was right around when these investigations into Meta and these cases started getting filed against Big Tech companies. Zoë Schiffer: We’re going to take one more short break. And when we come back, we’ll […]