Sam Altman’s Reddit stake now worth over $1 billion after post earnings pop

Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop

OpenAI CEO Sam Altman's stake in Reddit has ballooned to more than $1 billion in value, as of after-hours trading on Tuesday.

Business - CNBC - 10 hours ago

Here’s Why Critics Are Raising Eyebrows Over Sam Altman’s Iris-Scanning Crypto Project

The rebranded Worldcoin endeavor says its data collection efforts are about AI security. Critics aren’t so sure.

Business - Inc. - October 18

Palantir is now worth $100 billion — and may be like Nvidia in one regard

Palantir is helping companies incorporate AI into their businesses — and one analyst says it’s succeeded “more than any company (not named Nvidia).”

Business - MarketWatch - Yesterday

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Business - MarketWatch - 7 hours ago

Lilium was once a promising 'air taxi' startup worth billions. Now it's on the brink of insolvency

German aerospace startup Lilium faces insolvency if it doesn't raise emergency funding from the state government for the southeastern state of Bavaria.

Business - CNBC - 6 days ago

What to do with Honeywell stock after its sharp post-earnings pullback

The industrial giant reported mixed third-quarter results compounded by a mixed outlook.

Business - CNBC - 5 days ago

Sam Altman’s Eye-Scanning Orb Has a New Look—and Will Come Right to Your Door

The ambitious identity-verification project Worldcoin, now called World, wants a future where humans are “orb-verified.”

Tech - Wired - October 17

Trump's social media company is now worth more than Musk's X after recent surge in stock price

Donald Trump’s Truth Social is now worth more than Elon Musk’s X

Tech - ABC News - 11 hours ago

Reddit shares soar 22% on earnings beat and better-than-expected forecast

Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.

Business - CNBC - 10 hours ago

We're raising our Morgan Stanley price target after a post-earnings stock surge to record highs

Morgan Stanley's third-quarter beat on the top and bottom lines, with strength seen across the board.

Business - CNBC - October 16

Jim Cramer wants to buy more shares of 2 portfolio companies with favorable catalysts

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Business - CNBC - Yesterday

JD Vance Adviser Posted on Reddit for Years About Use of Cocaine, ‘Gas Station Heroin,’ Other Drugs

Aaron Kofsky, JD Vance’s financial policy adviser, called Vance “a Trump boot licker” and instructed users on how to transport drugs through TSA in the posts. “Coke then opiates is always my ...

Tech - Wired - October 16

Why It Matters That JD Vance's Financial Adviser Posted About Drug Use on Reddit for Years

Aaron Kofsky isn’t just a random staffer; he is JD Vance’s financial policy adviser during an election cycle that cares about crypto.

Tech - Wired - October 17

College basketball rankings: Kansas earns preseason No. 1 honors over Alabama, UConn in Coaches Poll

KU will enter the season as the preseason No. 1 team in both the AP Top 25 and Coaches Polls

Sports - CBS Sports - 6 days ago

Review: 'Smile 2' ups the horror stakes (and the volume) with a pop star haunted by demons

Returning writer-director Parker Finn kicks up the creativity with a screenplay set in the pop world, as a celebrity finds herself stalked, and not only by fans.

Entertainment - Los Angeles Times - October 18

Is a fixed-rate HELOC worth it now? Here's what some experts think.

Fixed-rate HELOCs are a good option for many homeowners — but consider the current rate environment beforehand.

2 cheap ways to borrow $100,000 worth of home equity right now

Need to borrow $100,000 from your home equity? Here are two of the cheapest ways to do so right now.

'My £250 Child Trust Fund is now worth only £12'

Max Prince was shocked to discover that surprise fees had left him with just £12.39 in his trust fund.

Analysts cheer Wells Fargo to 2018 highs after earnings. We have 1 qualm with the praise

We're not surprised that Wells Fargo's getting the recognition it deserves.

Business - CNBC - October 14

Trump Media’s Stock Price Soars, Adding $2 Billion to Trump’s Stake

The sharp rise in the share price of the parent of Truth Social has added about $2 billion to the net worth of former President Donald J. Trump.

Business - The New York Times - October 15

Intel seeks billions for minority stake in Altera business, sources say

This move that would represent a sharp about-face from its earlier public messaging about the larger company's prospects.

Business - CNBC - October 18

Judge tosses suits against 3 lawmakers over posts after Chiefs Super Bowl Rally shooting

A judge has tossed three lawsuits filed against lawmakers who shared social media posts that falsely accused a Kansas man of being among the shooters who opened fire at a rally celebrating the ...

Sports - ABC News - October 22

Cowboys CB Trevon Diggs confronts reporter over social media post after loss to 49ers

The 49ers held on to beat the Cowboys 30-24 on Sunday night.

Sports - Yahoo Sports - 2 days ago

On the Ellipse, the Stakes Loomed Over Harris’s Shoulder

There was a clear point in returning to the site of Trump’s Jan. 6 crime.

Top stories - The New York Times - 5 hours ago

What happened to TCU? Examining the Horned Frogs' post-title game slide, what the future holds in Fort Worth

Life has moved too fast for TCU after its shot at glory, with the Horned Frogs going a historically-bad 8-10 since opening the 2023 season as national champion runners-up

Sports - CBS Sports - October 16

How much interest will a $50,000 CD earn now?

A $50,000 CD opened now could result in thousands of dollars worth of earned interest. Here's what to know.

Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.

Business - CNBC - October 18

Ingram Micro could be worth more than $5 billion in return to public markets

Ingram Micro has set terms for its initial public offering, as the profitable California-based information-technology company is returning to the public market with a valuation could be move than ...

Business - MarketWatch - October 15

How songwriter Amy Allen became 'the first ask for anybody in pop right now'

A nominee last year for the Grammys' songwriter of the year award, Amy Allen is poised for more nods with her work on Sabrina Carpenter's "Short n' Sweet."

Entertainment - Los Angeles Times - October 15

Tesla shares close at highest in 13 months as post-earnings rally continues

Following Tesla's best day on the market since 2013, the stock rose more than 3% on Friday, closing at its highest since September 2023.

Business - CNBC - 4 days ago

We upgraded Stanley Black & Decker stock despite the post-earnings selling

While the numbers were disappointing, the company's turnaround continues to plan.

Business - CNBC - 13 hours ago

AMD's post-earnings slide is a buying opportunity. Here's why

Wall Street's reaction to the quarter continues an up-and-down month for shares of the AI chipmaker.

Business - CNBC - 7 hours ago

This is why David Einhorn thinks Peloton could be worth five times what it is now

David Einhorn's Greenlight Capital had a $6.8 million stake in Peloton as of June 30, and he thinks the company could be worth five times its current value.

Business - CNBC - 4 days ago

Paris aid conference mobilizes €1 billion for Lebanon

World - Yahoo News - 5 days ago

WNBA Finals MVP: Liberty's Jonquel Jones earns honor after team-high 17 points in Game 5 win over Lynx

Jones averaged 17.8 points and 7.6 rebounds during the series

Sports - CBS Sports - October 21

HSBC shares surge on another $3 billion buyback plan and earnings beat

HSBC shares increased 4% on Tuesday as the British bank beat analysts’ earnings expectations for the third quarter and launched another $3 billion share buyback plan.

Business - MarketWatch - 21 hours ago

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