Investing

After remaining invite-only since its launch in 2023, Jack Dorsey’s social media platform, Bluesky, is open to the public.

Snap stock’s “violent” 35% crash Wednesday was the third-worst daily drop in Snap’s history.

The vast majority of U.S. billionaires are founders who started companies or heirs who mostly lucked into their fortunes. A tiny subset got hired into jobs that made them super rich.

Tesla has lost $210 billion of market value in 2024 while Eli Lilly gained $140 billion, as investors trade ditch their EV optimism for the GLP-1 craze.

The former WeWork CEO previously resigned after the company valued at $47 billion failed to produce a successful IPO.

The Meta Oversight Board has upheld the company’s decision to leave up manipulated video of US President Joe Biden that claims he is a pedophile.

With $1 trillion in assets and unrivaled returns, the private equity giant has conquered Wall Street, but its 76-year old founder, Steve Schwarzman, isn’t finished. He wants total domination overseas as well— and the firm’s crown prince, Jonathan Gray, has built an ingenious weapon targeting vast amounts of global wealth.

Start-up funding in 2023 was similar to COVID levels, topping just $3.5 billion compared to $7.4 billion in 2022, the latest State of Australian Startup Funding Report found.

The social media company joins Microsoft, Zoom, Okta and others that have laid employees off in the new year.

Never mind the recent rally, for a decade the crypto industry has been selling the promise of decentralisation, a new financial system without middlemen, but many blockchain projects have recreated the very elements they tried to overthrow, and regulators are adamant about keeping the status quo.