This is hard to admit, but I got scammed out of $1.25 million. The money is gone, and I can't get it back. But instead of hiding, I've decided to share my story. My recent post on X about the $1.25 million scam went viral with more than 4 million views and thousands of reposts and comments. MrBeast even chimed in that he would give a $100,000 reward to anyone who could help track down the scammers.
Priced at $15.50 per American Depositary Share (ADS) in its initial public offering, the stock has tumbled roughly 25% to around $11.53 per share amid broader market jitters and sector headwinds. Harsher still, shares languish 74% below the stratospheric peak of $44 per share they hit in February. That's when ( NvidiaNASDAQ:NVDA) unveiled a $24.7 million, 1.7 million-share stake that ignited a trading frenzy, doubling the stock's value in days.
Despite the stock market's incredible September surge, IPO season has been relatively tame, at least compared to the first half. Undoubtedly, it may come as a bit of a surprise to some to witness StubHub (NYSE:STUB) dropping immediately out of the gate, especially when you consider the secular trends surrounding live experiences. Either way, I think the initial disappointment could set the stage for a shining buying opportunity at some point down the road.
The spiral staircase leading up to the roof-deck at Los Angeles's Tesla Diner is beautiful, or at least it is expensive-looking. It has video screens overhead and glowy lights at the base of each step and its own special soundtrack, a down-tempo, bleepy-bloopy composition that whooshes in as a notable contrast to the main dining room's dad rock. Glass display cases set into the walls hold human-size robots. Otherwise, every surface is covered in slick plastic, pure white.
"We are pleased with our dialogue with the team and believe the plan announced at [this week's event] represents a significant enhancement of Workday's operating model and capital allocation framework. We believe this multi-year plan will drive substantial long-term value creation for Workday shareholders, and we look forward to continued collaboration with the company."
Icarus Robotics cofounders Ethan Barajas and Jamie Palmer spent hours interviewing astronauts about what it was like working in space as they homed in on their startup idea. Their big takeaway: the work was often more cargo logistics than cutting-edge science. "We're Amazon warehouse workers with PhDs," one astronaut said. If an experiment takes two hours on station, the person continued, the first ninety minutes are spent just moving around cargo and preparing tools.
In 2021, global femtech investment peaked at before plunging to just €1.1bn the next year, amid a tech funding apocalypse and capital making a headlong dash towards AI. Several factors contributed to this decline - broader market conditions, withering investor risk appetite, and natural sector maturation. But the surge in AI funding coinciding with a plunge in femtech investment highlights serious issues with capital allocation.
In a move that the parties said will create an industry-first space tower company model, implementing shared space and ground non-terrestrial-network (NTN) infrastructure, lowering capital costs and improving spectrum utilisation for all those involved in it, Space42 and Viasat are to launch jointly held entity Equatys Venture. The launch is aimed at enabling global direct-to-device (D2D) services, as well as evolving existing and planned mobile satellite services (MSS) to a 5G network environment.
Parento addresses this critical gap by providing the first-ever insurance product specifically designed for paid parental leave, offering companies a three-in-one solution that combines customized insurance coverage, streamlined leave management, and personalized parent coaching. The platform serves both birthing and non-birthing parents, achieving a remarkable 95% return-to-work rate compared to the industry standard of 60%. With its comprehensive approach, Parento helps employers control expenses while supporting employees through one of life's most significant transitions, targeting the $43B total addressable market for parental leave solutions.
David Fischer - Former CRO at Meta, Fischer scaled annual revenue from less than $1 billion to over $100 billion, connecting 200 million businesses with customers worldwide. Earlier, he built Google's early sales engine. Adam Bain - Former COO of Twitter, Bain built its sales, product, and ad operations from scratch, growing revenue from millions to billions in five years.
Perplexity, the AI-powered search startup that compete with Google by providing conversational answers to user queries, has secured $200 million in new capital at a $20 billion valuation, The Information reported. The fresh funding comes just two months after the company raised $100 million at an $18 billion valuation, according to Bloomberg's July report. Since its founding three years ago, the rapidly growing AI company has raised $1.5 billion in total funding, according to PitchBook data.
Klarna made its New York stock exchange debut this week, sending its market cap soaring to $15 billion-propelling around 40 staffers to millionaire status overnight, with its executive team gaining the most from the IPO. It's not the first time Klarna's success has created ultra-rich employees-at least 115 of the business' workers have hit seven-figure net worths since 2021. And staffers at other tech companies, including Nvidia, Canva, and Palantir who invested early have also made it to the exclusive wealth club.
It's been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at $40, above its announced range of $35 to $37, and came out of the gate with a $15 billion valuation. Shares popped, opening at $52, though quickly settling down to around $46 mid-day.
