Reddit shares busted out of the gate Thursday, showing an immediate gain of more than 60% as the long-awaited initial public offering finally turned the social media site into a publicly traded company.
Shares opened at $47 each—and quickly jumped to $55. The question is: Can the company hold (and build upon) those gains?
Reddit has warned investors that there are a number of factors that could impact its stock. It’s not a profitable company and user bases ar
On Thursday, the U.S. Department of Justice and 16 state attorneys general brought a wide-ranging antitrust lawsuit against Apple for abusing its monopoly in the smartphone market.
The complaint lays out a series of alleged abuses: Apple has unfairly limited access to its popular iOS platform, blocked out certain app developers, and prohibited key functionality that could make its service better for users or give them more choice. It even took aim at the infamous green bubbles that
The United Nations general assembly has passed (with the notable support of China) a resolution promoting the safe development of AI around the world. The resolution is non-binding, but symbolizes a heightened global concern about the potential risks of the burgeoning technology.
The resolution was sponsored by the United States, which worked for months on the wording to gain the support of China, Russia, Cuba, and other countries less friendly to the U.S. The U.S. and China are con
The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation.
The lawsuit, filed in federal court in New Jersey, alleges that Apple has monopoly power in the smartphone market and uses its control over the iPhone to “engage in a broad, sustained, and illegal course of conduct.”
The lawsuit—which was als
The U.S. Department of Justice and 16 state attorneys general sued Apple for allegedly violating federal antitrust laws on Thursday. The 88-page complaint lays out the government’s case against Apple, claiming the tech titan abused its monopoly in the smartphone market by imposing unfair practices for developers, blocking super-apps and cloud-streaming apps, and prohibiting tap-to-pay services outside of their own.
But on page 38, prosecutors get to the real juicy stuff: Appl
Elon Musk’s brain-chip startup Neuralink livestreamed on Wednesday its first patient implanted with a chip using his mind to play online chess.
Noland Arbaugh, the 29-year-old patient who was paralyzed below the shoulder after a diving accident, played chess on his laptop and moved the cursor using the Neuralink device. The implant seeks to enable people to control a computer cursor or keyboard using only their thoughts.
Arbaugh had received an implant from the comp
The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player on Wednesday in a letter to a federal judge scheduled to sentence him next week, saying his claim that customers, lenders and investors were not harmed was callously false and he was living a “life of delusion.”FTX Trading Limited CEO John J. Ray III told Judge Lewis A. Kaplan that Bankman-Fried’s victims have suffered and continue to suffer from his crimes
Reddit is the solution to many of life’s minor problems. Need fan theories about the finale of True Detective: Night Country? Go on Reddit. Recently moved to a new city and want to join a running club? Reddit awaits. The so-called front page of the internet is a massive multiverse of message boards, boasting over 100,000 distinct communities. As some of its 73.1 million active daily users like to say, there’s a subreddit for almost anything. (Literally, in fact.) So, perhaps the
At its $3,499 starting price point, the Apple Vision Pro isn’t exactly the cheapest consumer tech product. But some healthcare leaders across the U.S. medical system say they’re already embracing the Vision Pro for its spatial computing functions and augmented reality capabilities, which they say hold serious promise.
Apple is pushing the Vision Pro’s potential to be a medical hub with multiple use cases that leverages its infinite field of vision and ultra-high
DoorDash is testing drone delivery in the U.S. after expanding its partnership with Alphabet’s autonomous drone delivery service Wing.
Customers in Christiansburg, Virginia (a town of roughly 23,000 residents), can now order select Wendy’s menu items for drone delivery. Users with an eligible address who are placing an order from the Wendy’s on N. Franklin Street will see the option for drone delivery on the checkout page. The order is typically delivered in 30