Shares in Reddit will make their market debut later on Thursday after a sale valuing the social media platform at $6.4bn (£5bn). The company’s initial public offering (IPO) was priced at the top of its targeted range of $31 to $34 per share on Wednesday night, raising $748m. Reddit and its existing shareholders sold 22
Hermès has been sued over claims it unlawfully allows only customers with “sufficient purchase history” with the company to buy its famous Birkin bags. Two residents in California allege Hermès is violating antitrust laws by “tying” the sale of one item to the purchase of another, according to the proposed federal class-action lawsuit filed on
The first patient to receive a brain chip from Elon Musk’s company Neuralink has been shown playing online chess. Neuralink released a nine-minute video in which the patient, who is paralyzed below his shoulders, appears to move a cursor across a laptop screen with nothing but his thoughts. The video shows him playing chess and
In this photo illustration a Reddit logo is seen displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, according
Tesla has partnered with IronRidge, a solar mount manufacturer, to combine their products into a solution that’s expected to slash rooftop solar costs. Improvements in solar power technology are not just about solar panels and inverters. A lot of the cost of a solar system is linked to design, installation, mounting equipment, and more. If
The King’s medical records were not accessed during an alleged data breach at the London Clinic, it is understood. As many as three staff members could have been involved in allegedly accessing the Princess of Wales’s private records, according to The Mirror, after Kate was discharged from the exclusive hospital in central London in January.
A government bill centred on deporting asylum seekers to Rwanda has been sent back to MPs after peers rejected it. The Safety of Rwanda Bill had been debated in the House of Lords after their previous changes were dismissed by the Commons earlier this week. In the upper chamber, the government lost seven votes by
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Charles J. Meyers, president and CEO of Equinix, poses in his office in Redwood City, Calif., Dec. 18, 2018. Nhat V. Meyer | Bay Digital First Media | The Mercury News via Getty Images Hindenburg Research on Wednesday took aim at Equinix, the $80 billion
Ireland’s Leo Varadkar has announced he is stepping down as prime minister. In a statement delivered this afternoon in Dublin, Mr Varadkar said his reasons for leaving were “both personal and political”. He said he believed a new leader “will be better placed than me” to gain seats for his party Fine Gael in the
In this article INTC Follow your favorite stocksCREATE FREE ACCOUNT U.S. President Joe Biden listens to Intel CEO Pat Gelsinger as he attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, U.S., September 9, 2022. Joshua Roberts | Reuters The White House said Intel has been awarded up to $8.5
Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
The rate of inflation slowed sharply to an annual rate of 3.4% in February, according to official figures. Data from the Office for National Statistics (ONS) showed an easing from the 4% rate recorded the previous month. It marks further progress in the battle against energy-led price growth that followed Russia’s war in Ukraine and
The hospital where the Princess of Wales was treated in January has launched an investigation into claims staff attempted to access her private medical records, according to reports. At least one member of staff was alleged to have been caught trying to access the royal’s notes, the Mirror reported. Kate attended The London Clinic in
Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. I wholeheartedly recommend this easy-to-use online tool from electrification nonprofit Rewiring America, which I rely on myself. It’s free, and they don’t want anything
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Mustafa Suleyman, Co-founder Inflection.ai & DeepMind, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Microsoft said Tuesday it has hired former Mustafa Suleyman, a co-founder of artificial intelligence startup DeepMind
Police are investigating the death of a man who died near a rugby club in Cardiff. The man died near Llandaff Rugby Club on Western Avenue at around 3am on Monday. South Wales Police say they are continuing to investigate the “sudden and unexplained” death. The deceased has been identified as a 65-year-old local man.
Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
Japan’s central bank has signalled progress in its efforts to boost the country’s economy by ending vast swathes of a massive stimulus programme. Policymakers in the country, which has struggled for decades to achieve price growth to bolster activity, took the decision eight years ago to impose a negative interest rate of -0.1%. The aim
In this article ZE594-CN Follow your favorite stocksCREATE FREE ACCOUNT BYD electric cars waiting to be loaded onto a ship are seen stacked at the international container terminal of Taicang Port in Suzhou, in China’s eastern Jiangsu province on February 8, 2024. STR | AFP | Getty Images In the race against Tesla for the
Tory MPs trooped purposefully through the voting lobbies on Monday night to knock down all the Lords’ amendments which had threatened to rip the Rwanda bill to shreds. It was without the drama of the last vote in January, when three Tory figures resigned their posts and dozens signed amendments to toughen up the bill.
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