Donald Trump’s return to the stock market could be right around the corner.All eyes are on a vote scheduled for Friday by shareholders of Digital World Acquisition Corp., a publicly traded shell company that is looking to merge with the former president’s media business. The deal’s approval would open the door for Trump Media & Technology Group, whose flagship product is the social networking site Truth Social, to soon begin trading on the Nasdaq stock market in Digital W
Out: the train to space. In: the inter-moon-base express.
The Defense Advanced Research Projects Agency (DARPA) tapped Northrop Grumman to develop a concept for a lunar railroad, the defense prime contractor announced this week. The contract was awarded under the LunA-10 initiative, which is exploring all sorts of out-there concepts to encourage the growth of a sustainable lunar economy in the next decade.
The company will continue advancing the railroad concept it’
President Biden’s Department of Justice dropped jaws today by announcing it is suing Apple, accusing the tech heavyweight of operating an “iPhone monopoly.” The antitrust lawsuit, which was joined by 16 states and the District of Columbia, marks the biggest challenge Apple has seen so far to its industry dominance—and that’s despite capping what could be called a world-historic past year of legal troubles, involving everyone from fellow tech companies to the
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