A look at MrBeast's entertainment company, which has ~$450M in annual sales but faced three years of losses due to high production costs of $3M-$4M per video
The master of viral videos now has a CEO to rein in spending on Lambos—and give his “banger content” an even wider reach. LinkedIn: Lucas Shaw . Bluesky: @willoremus.com and @carnage4life See also Med...
Source: Microsoft plans to lay off ~9,000 employees, or less than 4% of its workforce, across teams and role types, after cutting ~6,000 in May and 300+ in June
read Phil Spencer's note to staff Bloomberg : Microsoft Cuts 9,000 Workers in Second Wave of Major Layoffs IGN : Microsoft Makes Significant Layoffs Across Gaming Division, Xbox Boss Phil Spencer Conf...
Sources: Anthropic's revenue hit a pace of $4B/year, up almost 4x from the beginning of 2025; source: Cursor maker Anysphere hired two of Claude Code's leaders
What's notable is that Cursor just poached the lead engineer and PM for Claude Code. I guess this is now an industry trend. Threads: Dare Obasanjo / @carnage4life : Anthropic is at $4B/year revenue w...
RTFKT, the digital wearables NFT startup Nike acquired in 2021, is shutting down by the end of January 2025; DefiLlama: RTFKT brought in nearly $50M in earnings
an early Web3 fashion success story — is folding Jason Newey / NFT News Today : Nike-Owned RTFKT to Shut Down Operations by January 2025 Brayden Lindrea / Cointelegraph : Nike-owned NFT wearables RTFK...
Ben Horowitz says he and his wife plan to make a “significant” personal donation to Kamala Harris' campaign; Horowitz and Marc Andreessen endorsed Trump in July
tech oligarchs depend heavily on their access in washington, so will do everything they can to keep it. a16z desperately wants washington to legitimize crypto, so they can get a return on their signi...
Amazon CEO Andy Jassy tells staff to return to the office five days per week from January 2, 2025, citing the importance of the policy to the company's culture
Amazon orders employees back to the office five days a week Michael Grothaus / Fast Company : Amazon CEO Andy Jassy orders employees back to the office 5 days a week in one of the strictest RTO mandat...
Sources paint a bleak picture for startup founders in China; IT Juzi report: only 1,202 startups were founded in the country in 2023 compared to 51,302 in 2018
Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation X: @carnage4life , @tonytassell , @michaelxpettis , @eleanorolcott , @hsu...
Sources: OpenAI is in discussions about changing its corporate structure to become more investor-friendly, including removing a cap on profits for investors
everyone involved knows it doesn't have to Assad Jafri / CryptoSlate : OpenAI mulls dropping profit restrictions ahead of $100 billion valuation push Maria Deutscher / SiliconANGLE : OpenAI could repo...
AnandTech shuts down after covering PC and mobile hardware for over 27 years; publisher Future plans to keep AnandTech's website and articles live indefinitely
Ryan Smith, with some very sad news: — It is with great sadness … Shawn Knight / TechSpot : AnandTech ends its 27-year run in online tech publishing John Callaham / Neowin : The well regarded PC har...
Email: Elon Musk says X plans to award stock options based on employees' anticipated impact, and tells them to submit a one-page summary of their contributions
down down down goes the revenue — is going to screw her stock grants. — RE: https://www.threads.net/... Mastodon: Janko Roettgers / @jank0@sfba.social : @Techmeme but do they need to print out their...