Tag Archives: company

If you work for Opendoor, the online real estate platform, you might consider polishing up your resume. The chair of the company’s board recently let it slip that he thinks the firm could stand to lose almost all of its employees. During a recent appearance on CNBC’s “Squawk on the Street,” Keith Rabois, a former member of the PayPal Mafia, …

Clippers’ owner Steve Ballmer’s defense in the Kawhi Leonard salary cap circumvention and “no show” endorsement scandal has been “plausible deniability.” Ballmer said he was “duped” like other investors when he put $50 million into the green bank company Aspiration (a company that had become a $300 million Clippers team sponsor back in 2021, but now is bankrupt with its …

Apple AI and Search Executive Robby Walker to Leave Company  Bloomberg.com Apple AI executive plans to exit company next month: report (AAPL:NASDAQ)  Seeking Alpha Former Siri boss behind delayed Apple Intelligence features leaving the company  9to5Mac Apple’s AI and search executive Robby Walker to leave, Bloomberg News reports  Reuters Amazing how many people have left Apple especially in AI divisions, says Big Technology’s Kantrowitz  MSN …

Bo Hines named CEO of Tether’s new US arm as company unveils USAT stablecoin  The Block Tether unveils USAT stablecoin to boost US market presence  Reuters Crypto group Tether to launch new stablecoin with eye on US markets  Financial Times Tether Unveils USA₮, its Planned U.S.-Regulated Dollar-Backed Stablecoin, and Will Appoint Bo Hines as CEO of Tether USA  Tether.io Tether reveals USAT stablecoin, appoints …

In March 2023, LA Clippers owner Steve Ballmer invested almost $10 million into financial technology and sustainability services company Aspiration, according to legal filings reviewed by The Athletic and corroborated by a former Aspiration executive. The previously unreported investment came 18 months after Ballmer’s $50 million investment in the firm now at the heart of an NBA investigation into whether …

Tesla Inc.’s chair insists no one other than Elon Musk is capable of leading the company’s transition into artificial intelligence and robotics — but it’s possible he won’t do it from the CEO’s seat. “He is a generational leader,” Robyn Denholm said Friday on Bloomberg TV. “There aren’t any other people out there like Elon who can actually lead the …

SpaceX continued its busy 2025 tonight (Sept. 11), sending a satellite high above Earth for an Indonesian telecom company. A Falcon 9 rocket carrying the Nusantara Lima satellite lifted off from Florida’s Cape Canaveral Space Force Station today at 9:56 p.m. EDT (0156 GMT on Sept. 12), after being grounded for three days by bad weather. The rocket’s first stage …

OpenAI Nonprofit to Take $100 Billion Stake in New Company  Bloomberg.com Microsoft, OpenAI reach non-binding deal to allow OpenAI to restructure  Yahoo Finance OpenAI’s nonprofit parent company secures $100B equity stake while retaining control of AI giant  Fox Business A joint statement from Microsoft and OpenAI  The Official Microsoft Blog Statement on OpenAI’s Nonprofit and PBC  OpenAI Source link

Figure Stock Surges in Trading Debut. The Blockchain Lending Company Is Another Hot IPO.  Barron’s Unexpected winners in Figure’s IPO  Axios Figure co-founder on IPO: We will transform investing by using the blockchain  Yahoo Finance Blockchain lender Figure raises $787.5 million in US IPO  Reuters Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals  MarketWatch Source link

OpenDoor is disrupting the real estate market with its new model. It buys homes and sells them on its platform. Opendoor Opendoor stock rocketed 60% higher on Thursday after the retail favorite named Shopify executive Kaz Nejatian as CEO and co-founder Keith Rabois as chairman. The meme stock hit a 52-week high and continued a stunning run this year, with …