Fortune

On Monday generative AI model startup Cohere celebrated a fresh $500 million in new funding at a $5.5 billion valuation, and on Tuesday  company said it was laying off about 20 employees (out of close to 400).

A day after raising $500 million, AI startup Cohere told staff it was laying off about 20 employees

Business Insider

Ho's stake in the newly-public company is worth nearly $70 million. Bloomberg estimates his family's fortune at $13 billion.

Meet the 29-year-old son of a casino billionaire who just took his influencer and esports company public

California State

KHYL V101.1

'I’m writing to you this morning with a heavy heart...'

Popular California Startup Suddenly Lays Off Hundreds Of Workers

The company reported weakening demand from US customers as people book trips closer to travel dates rather than in advance.

Airbnb just dropped more bad news about the US consumer

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Heights founder unwinds by stroking his cat ‘for hours’, rents out his £2 million home for photoshoots and flies economy to not spoil his two year old daughter.

Millennial entrepreneur behind a £35 million supplements startup Heights wishes he could tell his 20-year-old self to ‘sack off NFTs’

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

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52 Million XRP in 13 Hours – What's Going On?

Chicago, IL

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Susan Wojcicki, Google’s 16th employee who helped jumpstart the company in her garage, ran its advertising business, and then helmed YouTube for most of the past decade, has died at 56, according to posts by her husband Dennis Troper and Google CEO Sundar Pichai. She joined Google in 1998...

Long-time Google exec Susan Wojcicki has died at 56

The home security company did not say when the cyberattack and data breach occurred, but disclosed that the attackers accessed the company’s databases containing customer home addresses, email addresses and phone numbers. In a brief regulatory filing published late Wednesday, ADT said it has “no reason to believe” that...

Home security giant ADT says it was hacked

Seattle, WA

The Center Square

(The Center Square) – The Seattle-based real estate company Zillow has named a new chief executive officer as the U.S. housing market continues slowly falling.
                Zillow announced Chief Operating Officer Jeremy Wacksman has been promoted to the CEO position on Wednesday.
                Wacksman first joined Zillow in 2009 and has been promoted multiple times throughout his 15 years at the company.
          ...

Seattle-based Zillow names new CEO as national home sales continue falling

Denver, CO

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Wrote Troper on Facebook earlier Friday night, “It is with profound sadness that I share the news of Susan Wojcicki passing. My beloved wife of 26 years and mother to our five children left us today after 2 years of living with non-small cell lung cancer.”. “Susan was not...

Former YouTube CEO Susan Wojcicki has passed away at age 56

Silicon Valley’s presidential politics have been in the national spotlight, but the debate over California’s AI bill, known as SB1047, is actually the talk of the town. In recent weeks, everyone from renowned AI researchers to venture capitalists to computer science professors are weighing in on whether the proposed law, titled the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, should pass.

The brewing storm over California’s AI bill

Reuters

BENGALURU (Reuters) - Ola Electric's IPO drew $1.8 billion in bids as the share sale closed on Tuesday, as investors piled into the first stock offering by a pure-play electric vehicle maker in India.

Ola Electric gets bids worth $1.8 billion in India's first EV IPO

MarketRealist

The duo have a combined net worth of $445 billion

How long before Elon Musk and Jeff Bezos go broke if they spent $1 million a day?

Robb Report















	Interest in Airbnb has dropped in recent months—and now so have the founder’s fortunes.How the Quiet Island of Tinos Became Greece's New It Destination




	The company’s three co-creators—Brian Chesky, Nathan Blecharczyk, and Joe Gebbia—lost a total of $3.2 billion on Wednesday after weakened demand was reported in the United States, according to Bloomberg. That’s a 12 percent drop in their net worth, as stocks in the company fell 13 percent, the most since November 2022.




	The decline hit all three founders slightly differently: Chesky, the CEO, saw his fortune plummet $1.3 billion, to a total of $9.2 billion. Blecharczyk, the chief strategy...

Airbnb’s Founders Just Lost $3.2 Billion in One Day. Here’s Why.

San Francisco, CA

X, the platform formerly known as Twitter, will leave behind its San Francisco headquarters, more than a decade after the one-time social media juggernaut first opened in the heart of Silicon Valley. Suggested Reading. The company is expected to migrate to existing offices in San Jose “over the next few...

X is closing its San Francisco headquarters — but not leaving California

Philadelphia, PA

Run by Danae Mobley, Coded By Kids is a nonprofit organization based in Philadelphia that trains teenagers to become IT industry leaders, whether they are in the C-suite or leading their startups. The organization was started in 2014 by Danae’s husband, Sylvester Mobley. She was most recently elevated to the...

Meet the CEO making it possible for Black youth to own multimillion-dollar tech startups

NewsBreak

When a big company comes after a hot startup, it’s not a slam dunk decision to sell

We spoke to Jyoti Bansal, who is founder and CEO at Harness, a developer tools startup that has raised approximately $575 million and has made a...

When a big company comes after a hot startup, it’s not a slam dunk decision to sell

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