Robinhood’s private market fund stumbles in NYSE debut
Robinhood’s new private market fund debuted with lower-than-expected demand, raising $658.4 million against a $1 billion target and seeing its share price decline 16% on its first day.
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459 storiesTriZetto confirms data breach affecting more than 3.4 million people
TriZetto confirmed that more than 3.4 million people’s personal and health information was stolen in a 2024 cyberattack that went undetected for nearly a year.
Cluely CEO admits to fabricating revenue figures
Cluely CEO Roy Lee admitted to fabricating $7 million in annual recurring revenue, while also misrepresenting the circumstances of the interview where he shared the false figure.
Match Group eliminates COO role as dating app growth slows
Match Group is eliminating its COO role as Hesam Hosseini departs, a move occurring as the company navigates slowing growth and shifting Gen Z dating habits.
Nvidia signals end to OpenAI and Anthropic investments
Nvidia CEO Jensen Huang says the company is likely to stop investing in OpenAI and Anthropic as both firms approach potential public offerings.
Decagon completes tender offer at $4.5 billion valuation
Decagon is set to complete a tender offer for more than 300 employees, valuing the AI customer support startup at $4.5 billion, a threefold increase since June.
PayPay reportedly delays U.S. IPO amid market volatility
PayPay has reportedly postponed its U.S. IPO due to market volatility and conflict in the Middle East, after targeting a valuation of at least $10 billion.
SaaS business models face pressure from AI agents
AI agents are challenging the traditional per-seat SaaS business model, causing market volatility and potentially pausing IPOs as companies increasingly shift toward building their own software.
OpenAI fires employee over prediction market trading
OpenAI has fired an employee for allegedly using confidential company information to trade on prediction markets, highlighting growing corporate risks from speculative platforms.
Plaid allows employee share sales at $8 billion valuation
Plaid has allowed employees to sell shares at an $8 billion valuation, a 31% increase from last year but still 40% below its 2021 peak.
Block cuts more than 4,000 employees in global restructuring
Block is cutting more than 4,000 employees, nearly half its global workforce, as CEO Jack Dorsey cites AI-driven efficiency and a desire to avoid reactive layoffs.
eBay to lay off around 800 employees, 6% of staff
eBay is cutting around 800 jobs, or 6% of its full-time workforce, according to Bloomberg, which first reported the news.
Salesforce bets on agentic work units to counter SaaS market fears
Salesforce reported $10.7 billion in fourth-quarter revenue and projected revenue of $45.8 billion to $46.2 billion for the year ahead, introducing new metrics to defend its software-as-a-service model.
Nvidia posts $68B revenue as AI compute demand surges
Nvidia reported record quarterly revenue of $68 billion, driven by surging demand for AI compute, while navigating export restrictions and potential partnerships with OpenAI.
Accountant wins $128,000 betting against DOGE spending cuts
Accountant Alan Cole won $128,000 on Kalshi by betting against the prediction that the Department of Government Efficiency would reduce U.S. federal spending.
Stripe data shows startups hitting $10M ARR faster than ever
Stripe’s 2025 data reveals startups are reaching $10 million in annual recurring revenue significantly faster, with double the number hitting that milestone within three months.
OpenAI tempers enterprise AI expectations despite revenue growth
OpenAI COO Brad Lightcap says the company has not yet really seen AI penetrate enterprise business processes at scale, despite strong global demand and revenue growth.
Stripe valuation hits $159 billion in latest secondary sale
Stripe’s latest secondary transaction values the company at $159 billion, marking about a 74% increase over the previous year’s valuation.
Finnish quantum computer maker IQM set to go public via SPAC
IQM, the Finnish quantum-computing company, has announced plans to go public via a special purpose acquisition company (SPAC) at a valuation of approximately $1.8 billion.
New Microsoft gaming chief vows to avoid 'AI slop'
Microsoft has replaced its top gaming leadership with former CoreAI executive Asha Sharma, signaling a potential strategic pivot toward AI-integrated video games.