One undeniable truth about the current stock-market boom is that a big chunk of the market’s rise has been the result of outsized gains in a very small number of stocks, including most notably the so-called Magnificent Seven mega-cap growth companies (Meta, Amazon, Apple, Microsoft, Alphabet, Nvidia, and Tesla). Those companies collectively account for almost 30% of the market capitalization of the S&P 500, and that concentration shows no sign of diminishing: Last week, after it report
Spotify’s posts subscriber growth: Spotify reported a 23% rise in monthly active users in the fourth quarter, which now total 602 million, just ahead of analysts’ expectations of 601.33 million. The rise, announced Tuesday, comes after the company raised subscriber prices and cut thousands of employees in a series of layoffs. Spotify previously said it plans to reach one billion users by 2030. Full story.
Boeing faces new pressures from workers: The aircraft manufactur
When it comes to artificial intelligence in 2024, two things are undeniably true:
- AI is incredibly exciting right now, and companies are cooking up some mind-bogglingly futuristic concepts.
- AI is also almost comically overhyped, and many of the “innovations” of the moment are about using a trendy buzzword more than offering anything with actual real-world value.
It’s impossible to follow tech news and not feel the push and pull of th
For the first time since 1972, NASA is putting science experiments on the moon in 2024. And thanks to new technologies and public-private partnerships, these projects will open up new realms of scientific possibility. As parts of several projects launching this year, teams of scientists, including myself, will conduct radio astronomy from the South Pole and the far side of the moon.
NASA’s commercial lunar payload services program, or CLPS, will use uncrewed landers
A federal judge has decided that a group of some 100 million Apple account holders have standing to sue over high App Store prices, setting the groundwork for a lawsuit with one of the largest plaintiff classes ever.
For years, Apple has been hammered for what critics call the “Apple tax” structure that eats up 30% of the revenue generated by in-app purchases. Until now, it has only been big app developers like Epic Games fighting back in court—and thus far, not
Professional nonprofit theaters across the country are still struggling to attract patrons who stopped attending live shows during the COVID-19 pandemic, and shifts in audience behavior combined with depleted federal support will likely conspire to create an even more uncertain future for performing arts organizations, large and small.
That’s according to a sobering new report from Theatre Communications Group (TCG), a membership organization for professional theaters, which
Meta announced on Tuesday it’s taking steps to label AI-generated content, including misinformation and deepfakes, on its Facebook, Instagram, and Threads social platforms. But its mitigation strategy has some major holes, and it’s arriving long after the threat of deepfakes has become real.
Meta said that “in the coming months” (when we’re in the thick of the 2024 presidential election), it will be able to detect AI-generated content on its platfo
Adam Neumann’s plans for WeWork didn’t quite work out the way he hoped for the first go-around—so, why not try again?
Neumann is reportedly trying to purchase the bankrupt WeWork, according to the New York Times‘s DealBook. The famed entrepreneur, who currently leads the real estate startup Flow, previously cofounded WeWork and served as its CEO before being ousted in one of the most spectacular downfalls in Silicon Valley history.
More than fou
Spotify on Tuesday reported fourth-quarter monthly active users and subscribers ahead of expectations as it grew in all regions, and said revenue and profitability trends looked favorable this year.
The music streaming company has ventured into podcasts and audiobooks as it seeks to grow its user base to one billion by 2030. It has also raised prices for its subscribers and laid off thousands of employees to boost profits and increase efficiency.
The number of monthly
Gen Z singles are dealing with lingering social effects from the COVID-19 pandemic, according to new data from Hinge.
Gen Z daters, or those who were born between 1997 and 2012, are 47% more likely than millennial daters to say the pandemic made them nervous talking to people, according to Hinge’s new Gen Z D.A.T.E. (Data, Advice, Trends, and Expertise) report, which is based on a survey of more than 15,000 daters. The young singles are also a quarter more likely to