Topic: investor relations
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Markiplier Becomes GoPro’s Largest Shareholder
YouTuber Markiplier has become GoPro's largest individual shareholder by acquiring an 8.5 percent stake, citing the company as undervalued and aligning the move with his mission to make filmmaking more accessible. The investment coincides with Fischbach’s recent promotion of GoPro’s new Mission 1...
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Bolt Secures Up to $27M Bridge Funding From Ryan Breslow
Bolt secured up to $27 million in bridge financing via a convertible note with punitive "pay-to-play" provisions, marking a high-stakes effort to stabilize the company after its valuation plummeted 97% from $11 billion. CEO Ryan Breslow returned to lead the turnaround, committing $5 million perso...
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Revolut mulls $250mn share-backed loan for CEO Storonsky
Revolut is asking shareholders to approve raising CEO Nik Storonsky's borrowing limit against his personal stake from $50mn to $250mn, a fivefold increase tied to his roughly 29% holding valued at about $33bn after a recent $115bn company valuation. The proposed changes, part of a governance revi...
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Anthropic’s revenue run rate hits $65bn, source says
Anthropic privately told investors its annualized revenue run rate surpassed $65 billion by end of July, though this figure is based on a single hot month and an unnamed source, not audited revenue. The company's growth trajectory is steep: run rate rose from ~$9 billion at end of 2025 to ~$47 bi...
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Databricks raises $5B at $190B valuation, below investor demand
Databricks raised $5 billion at a $190 billion valuation, far exceeding its intended $1 billion target, after a leaked news article triggered overwhelming investor demand totaling $15 billion in interest. The company's strong fundamentals,$7 billion annualized revenue run rate growing 80%, cash-f...
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Moove raises $250M to power robotaxi infrastructure
Moove raised $250 million in Series C funding at a $2.1 billion valuation, led by Mubadala, to expand its robotaxi fleet management business, pivoting from its original vehicle financing model for African gig drivers. The company, which manages 42,000 vehicles across 14 countries, partners with W...
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Uber CEO downplays reports of Waymo split
Uber CEO Dara Khosrowshahi dismissed speculation that the end of the Phoenix partnership with Waymo signaled trouble, affirming the companies continue to operate in Austin and Atlanta with plans to do so next year. He framed the Phoenix shift as a natural evolution, emphasizing that the on-the-gr...
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Zillow touts AI-native status as it cuts 500 jobs, silent on AI's role
Zillow cut over 500 employees (7% of its workforce) just before its quarterly earnings report, with CEO Jeremy Wacksman framing it as routine cost discipline rather than a response to financial distress, as revenue and profit are growing strongly. The company has heavily promoted its AI transform...
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Snap CEO dodges Specs preorder queries in Q2 earnings call
Snap CEO Evan Spiegel avoided revealing Specs smart glasses preorder numbers, instead directing attention to an upcoming September launch event and emphasizing the need for in-person trials due to the device's high $2,195 price point. Spiegel defended Snap's standalone strategy for Specs, arguing...
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Turn saved posts into real-world adventures with Outernet
Outernet is a new app by founders Danielle Egan and Athena Leong that lets users save social media posts and uses AI to automatically extract details like dates and locations, turning them into a streamlined itinerary of local events and activities. The app aims to bridge digital discovery and ph...
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Nadella: Windows 11 Needs Serious Quality Work on Fundamentals
Microsoft's fiscal Q4 2026 earnings showed strong overall growth (revenue up 18% to $90 billion, Cloud surpassing $214 billion annually), but Windows itself declined, with the Personal Computing segment down 4% and Windows OEM revenue down 7%. CEO Satya Nadella's brief mention of investing in Win...
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Plex launches 5-year membership pass at $250
Plex has replaced its $250 Lifetime Pass with a $750 Lifetime Pass and introduced a new five-year subscription option, signaling a major shift in pricing strategy. The company, which has raised $87.6 million but not yet achieved profitability, is steering users toward recurring subscription reven...
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The End of an Era: Roku City's Final Screensaver
Fox Corp CEO Lachlan Murdoch plans to acquire Roku, giving Fox control over Roku's 100 million household user base and making the combined company the third-largest player in U.S. television by viewing share. The deal prioritizes Roku's infrastructure and viewer data over content, with plans to p...
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Corgi doubles valuation to $2.6B after $106M raise
Insurance tech startup Corgi raised a $106 million Series B1 at a $2.6 billion valuation, doubling its valuation just 21 days after a $160 million Series B, a rare feat that has drawn scrutiny from limited partners concerned about frequent internal markups. Investors, including Kindred Ventures, ...
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NVIDIA NVentures invests in quantum startup Alice & Bob
Alice & Bob, a quantum hardware startup specializing in fault-tolerant cat-qubit technology, has secured investment from Nvidia's venture arm NVentures as part of an extension to its Series B funding round. The partnership expands the startup's existing collaboration with Nvidia around the CUDA-Q...
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DeepSeek Founder Sets Sights on AGI as $10B Funding Round Advances
DeepSeek founder Liang Wenfeng has told potential backers that the company’s first-ever external funding round, valued at $10 billion, will be used to pursue artificial general intelligence (AGI), not short-term revenue. The Hangzhou-based AI lab plans to maintain its commitment to open-source mo...
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How MAGFAST Rewrote the Crowdfunding Playbook
Most crowdfunding campaigns fail, with only 39% of Kickstarter projects reaching their goals and backers statistically expecting about one in ten projects to fail outright. MAGFAST founder Seymour Segnit leveraged his diverse background in engineering, advertising, and startups to build a premium...
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Happl secures $11M Series A to expand global benefits platform
Happl, an AI-native global benefits platform, raised an $11 million Series A led by Portage Ventures to accelerate product development and expand its workforce in the UK and US. Founded in 2022, Happl integrates a configurable rules engine with HRIS and payroll systems to replace fragmented, manu...
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Disney Plus’s future faces an identity crisis
Disney CEO Josh D'Amaro plans to transform Disney Plus from a streaming platform into the company's central hub for immersive, interactive digital engagement, blurring the line between digital and physical experiences. This strategy signals a shift from chasing subscriber numbers to deepening bra...
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Tesla Q1 2026 Earnings: Profit Streak Continues
Tesla reported a profitable first quarter of 2026 with a net income of $477 million, building on a 6% year-over-year increase in vehicle sales. Total revenue grew 16% to $22.4 billion, driven by automotive revenue and a 42% surge in services, while the energy storage business declined by 12%. The...
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