Business

The price of Bitcoin hit its lowest mark since February, reversing months of gains.

Emily Hamilton launched her viral beauty brand Coco & Eve in 2018, bootstrapped by her and husband Alexander Ostrowksi. Fast-forward to today, and the company’s just sold a majority stake in the business to US private equity firm Gauge Capital – and says it’s on track to exceed $120 million in revenue for the 2024 calendar year.

Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.

The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.

Musk withdrew an original lawsuit earlier this year, after claiming OpenAI and its founders were developing AI to “maximize profits” instead of benefiting humanity.

Can Generative AI be used to create an actual advertising film from scratch? 

Christian Angermayer is seemingly behind every flashy investment of the last decade. With boundless bravado and a roster of famous friends—including Peter Thiel, Uma Thurman, and the president of Rwanda—he’s getting ready to launch an Olympiad for athletes on steroids.

Meta CEO Mark Zuckerberg is more than three times richer than he was in late 2022 as Meta stock bounced back.

Research from PWC reveals that media and entertainment companies can grow revenue 13x by reinventing their business models. This is what audiences, media buyers and advertisers are looking for over the next four years.

Ex-head of Rockwell Collins is ‘so competitive it’s scary’ says an industry insider, with a reputation for building a strong corporate culture and treating workers well.