Reddit Is Now Valued At More Than $10 Billion
Reddit, the self-declared 'front page of the internet,' says it is now valued at more than $10 billion after raising an additional $410 million in funding, with the final round expected to grow to up to $700 million. The Verge reports: "We are still.....»»
Apple One subscription: Is it worth it? Price, benefits, and deals
Apple has almost one billion subscribers on its services. In total, 975 million users pay to have iCloud, Apple Music, Apple TV+, Apple Fitness+, Apple News+, … The post Apple One subscription: Is it worth it? Price, benefits, and deals ap.....»»
GM’s new Detroit headquarters is taking shape — but don’t overlook revamped Warren Tech Center
GM, which is leaving the Renaissance Center to be the marquee office tenant of the new $1.4 billion Hudson’s development, will build out an “indoor/outdoor showroom” at the Woodward Avenue site......»»
Warren Buffett"s Unprecedented $132 Billion Warning to Wall Street Can"t Be Ignored Any Longer
Warren Buffett"s Unprecedented $132 Billion Warning to Wall Street Can"t Be Ignored Any Longer.....»»
Thunderstorms Have Caused $45 Billion in Damages in the U.S. in Just Six Months
Damage from high-frequency storms is rising faster than losses from major disasters such as hurricanes and wildfires.....»»
The youngest Fortune 500 CFO was set up to run his family’s $21 billion chicken empire. His erratic behavior could change that
The youngest Fortune 500 CFO was set up to run his family’s $21 billion chicken empire. His erratic behavior could change that.....»»
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.....»»
3 billion records leaked online in one of the biggest breaches ever
The year of record-breaking data breaches continues unabated as public records data provider National Public Data has reportedly been hacked. According to HackRead.com, a hacker … The post 3 billion records leaked online in one of the biggest b.....»»
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.....»»
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......»»
After 190 bodies found rotting, funeral home owners ordered to pay $950M
The owners do not have nearly a billion dollars, so the order is largely symbolic. Enlarge / An urn with ashes and a numbered cremation stone that is placed in the coffin of the deceased before the cremation. (credit: Getty | Rol.....»»
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......»»
The Higgs particle could have ended the universe by now—here"s why we"re still here
Although our universe may seem stable, having existed for a whopping 13.7 billion years, several experiments suggest that it is at risk—walking on the edge of a very dangerous cliff. And it's all down to the instability of a single fundamental part.....»»
Cambodia PM launches project linking Mekong river to sea via canal
Cambodia's Prime Minister Hun Manet on Monday launched a controversial $1.7 billion canal project that aims to provide a new link from the Mekong River to the sea......»»
Rivian to report Q2 earnings after cutting costs, reaching $5 billion deal with Volkswagen
Rivian's second-quarter sales rose 9 percent to 13,790 despite a factory retooling in April to cut costs and freshen the R1T pickup and R1S crossover for the 2025 model year......»»
Save our waves: Surfing pumps $2.71 billion into the Australian economy and boosts well-being
Ever since Polynesian pioneers took to the ocean on wooden rafts, people have been hooked on riding waves. Today, surfing is one of the world's fastest-growing sports and one of the latest additions to the Olympic games......»»
Apple reports record Q3 2024 earnings with $85.78 billion in revenue
Apple has revealed its full earnings report for the fiscal third quarter of 2024. The company reported $85.78 billion in revenue during the three-month period, covering April, May, and June. Net profit for the quarter came in at $21.45 billion, and e.....»»
Tim Cook says Apple is spending more to get Apple Intelligence ready for launch this fall
Apple on Thursday announced the results of its third fiscal quarter of 2024, with $85.78 billion in revenue from April to June. The company’s sales grew by 5%, and it seems that its executives have high expectations for the future. That’s because.....»»
CDK outage fuels 86% drop in Asbury Q2 net income
Lost business and one-time costs related to the CDK Global outage contributed to an 86 percent drop in Asbury's net income, though the retailer managed to post record revenue of $4.2 billion......»»