Hedge fund Melvin sustains 53% loss after Reddit onslaught
$4.5 billion drop in assets after bets against the likes of GameStop go sour. Enlarge (credit: Innocenti | Getty Images) Melvin Capital, the hedge fund that was wrongfooted by retail traders who drove up shares in GameStop and other companies.....»»
Reddit might start putting some subreddits behind paywalls
Following the announcement of the company’s Q2 results on Tuesday afternoon, Reddit CEO Steve Huffman spoke to shareholders and answered questions in an earnings call. … The post Reddit might start putting some subreddits behind paywalls.....»»
Drone flights and 3D scans: Scientist uses cutting-edge tech to protect Madagascar"s vulnerable forests
In a new study published today in the journal Plants, People, Planet, scientist Jenny Williams from the Royal Botanic Gardens, Kew, highlights how the use of drones can help curb the loss of Madagascar's biodiverse forests through illegal deforestati.....»»
Reddit considers search ads, paywalled content for the future
Current ad load is relatively "light," COO says. Enlarge (credit: Getty) Reddit executives discussed plans on Tuesday for making more money from the platform, including showing ads in more places and possibly putting so.....»»
Some subreddits could be paywalled, hints Reddit CEO
Reddit CEO Steve Huffman has hinted that in future some subreddits could be paywalled, as the company seeks to devise new sources of income. Huffman raised the prospect during an earnings call in which he said Reddit would also be testing AI-power.....»»
Coupling excitons to polaritons for better solar cells and higher intensity LEDs
In solar cells and light-emitting diodes, maintaining the excited state kinetics of molecules against annihilation is a race against time. These systems need to strike a careful balance between different processes that lead to loss of energy and thos.....»»
Number of incidents affecting GitHub, Bitbucket, GitLab, and Jira continues to rise
Outages, human errors, cyberattacks, data breaches, ransomware, security vulnerabilities, and, as a result, data loss are the reality that DevSecOps teams have to face every few days, according to GitProtect.io. DevSecOps The possibility to integrate.....»»
Rivian Q2 net loss widens to $1.46 billion despite sales gains, cost cutting
Rivian said it ended the second quarter with $5.8 billion in cash and cash equivalents compared with $7.9 billion at the end of the 2023 calendar year. Revenue in the latest quarter was $1.16 billion, a 3.3 percent increase......»»
How Reddit became the most important website on the internet
Despite Reddit's modest early beginnings, it's grown into not only the backbone of Google Search, but the future of the internet as well......»»
Elephants on the move: Mapping connections across African landscapes
Elephant conservation is a major priority in southern Africa, but habitat loss and urbanization mean the far-ranging pachyderms are increasingly restricted to protected areas like game reserves. The risk? Contained populations could become geneticall.....»»
Man suffers heart problem after rapid weight loss: A GLP-1 cautionary tale
The man developed atrial fibrillation and required hospitalization. Enlarge (credit: Getty | Spauln) The dose makes the medicine—and for many critical prescription drugs, the dose depends on a patient's body weight. Us.....»»
Lucid reports Q2 net loss of $790 million; Saudi fund pledges additional $1.5 billion to the startup
Lucid delivered a record in the quarter and plans to launch a crossover this year. Lucid said its largest shareholder, Saudi Arabia's Public Investment Fund, will inject $1.5 billion in cash......»»
Jane Goodall Thinks It’s Not Too Late to Save the World
The world, the famed primatologist says, isn’t what it used to be—but there’s still time to save it, if we treat crises like climate change, biodiversity loss, and poverty as one......»»
Horse miscarriages offer clues to causes of early human pregnancy loss
A study of horses—which share many important similarities with humans in their chromosomes and pregnancies—revealed that 42% of miscarriages and spontaneous abortions in the first two months of pregnancy were due to complications from an extra se.....»»
Buying shady weight loss drugs online is a bad idea, in case you were wondering
Buying shady weight loss drugs online is a bad idea, in case you were wondering.....»»
Washington State creates instant rebate program for EVs
The Washington State Department of Commerce said there is $45 million in funding available, via the state's general fund, which it anticipates covering 7,500 to 9,000 rebates......»»
Credit Acceptance posts Q2 net loss of $47.1 million as auto lender revamps cash flow forecasting
The average Credit Acceptance second-quarter auto loan financed $26,816 in principal and interest, paid the dealership a $12,278 advance and was slated to run for 61 months......»»
GM seeks flexibility in EV manufacturing investments to track with demand
Gerald Johnson, who will retire this year after leading GM's global manufacturing operations, says delays don't equal loss of confidence in strategy......»»
Blocking AI bots from Microsoft, others has been “pain in the a**”: Reddit CEO
Steve Huffman says companies must pay to scrape Reddit data. Enlarge (credit: Tim Goode/PA Images via Getty Images) Reddit CEO Steve Huffman is standing by Reddit’s decision to block companies from scraping the site w.....»»
Instagram users, get ready for an onslaught of AI avatars
Your Instagram app is about to get another healthy (or unhealthy, depending on how you look at it) dose of generative AI. Meta wants to … The post Instagram users, get ready for an onslaught of AI avatars appeared first on BGR. Your.....»»
Weight loss drugs like Ozempic can also help people stop smoking
Drugs containing semaglutide, like Ozempic and Wegovy, are intended to help people with diabetes lower their blood glucose levels while also reducing the risk of … The post Weight loss drugs like Ozempic can also help people stop smoking appear.....»»