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The company said that Facebook Plus and Instagram Plus will be priced at $3.99 per month, while WhatsApp Plus will cost $2.99 a month.

The biggest IPO conversation right now centers on SpaceX’s reported June 12 listing. Gavin Baker, founder and Chief Investment Officer of Atreides Management, thinks investors are watching the wrong name. On a recent episode of the Invest Like the Best YouTube channel, Baker argued that Anthropic, the private AI lab behind Claude, has a more ... An Upcoming IPO Could Soon Surpass NVIDIA As The World’s Most Valuable Company (It’s Not SpaceX)

(Bloomberg) -- ByteDance Ltd., the developer of TikTok and a leading force in artificial intelligence, is considering increasing its capital spending to more than double last year’s in a bid to lead the Chinese AI market and challenge the top US players abroad.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Di

(Bloomberg) -- Fireworks AI, a startup that helps companies run artificial intelligence models, is in talks to raise a new round of funding that would value the company at $15 billion, according to people familiar with the matter.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarRussia Tells US to Evacuate Its Diplomats and Citizens From KyivPutin Signs Law on Use of Army to Aid Russians Detained AbroadUS Strikes Targets in Iran Even as Trump Hails Progress

The real threat to the tech sector isn't a lack of AI ideas, but a classic economic shock. The overproduction of computing power.

The pitch for ERShares Private-Public Crossover ETF (NYSEARCA:XOVR) is simple. You cannot buy SpaceX shares on your brokerage app, but XOVR can, and the fund packages that exposure inside a normal ticker you trade like any other ETF. XOVR now holds ~$281 million in SpaceX, which works out to about 23% of the fund. Yet ... XOVR Promised Pre IPO SpaceX Upside, But It Is Down 2% YTD While the S&P 500 Is Up 9%

Money has a way of finding the people building tomorrow's tools before the rest of us notice. That was true in the dotcom boom, in the smartphone era, and again in the social media land grab a decade later. The AI boom looks different, at least so far. For the last three years, almost every story ...

Most executives announcing layoffs lean on a familiar script. They talk about efficiency, strategic alignment, and the need to position the company for long-term growth. The language is careful. The emotion is managed. What Mark Zuckerberg wrote to employees on May 20 was something different. In a ...

Andrew Bosworth, Meta’s outspoken chief technology officer, has a new mission: transforming the company’s workforce using AI.

The ERShares Private-Public Crossover ETF (NYSEARCA:XOVR) sits at an awkward crossroad heading into summer 2026. Shares trade near $19.08, down 5% year-to-date even as the public-side AI mega-caps it holds have ripped higher. That disconnect matters because XOVR is the rare ETF that pairs late-stage private growth (SpaceX is the publicly known anchor) with public ... XOVR ETF: Watch Hyperscaler AI Capex Before Summer 2026 Earnings Season

The AI chip race has produced a handful of clear winners. Broadcom is one of them. But the question heading into its next earnings report is no longer about whether it is a top AI stock to own. The real debate now is: Can a company already pulling in billions from artificial intelligence keep ...

(Bloomberg) -- As big tech companies raise hundreds of billions of dollars to fund artificial intelligence investments, Wall Street banks are increasingly finding they have to trade more credit derivatives to keep doing business with the hyperscalers.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentTrump’s 3,711 Trades Point to Multiple Stock-Market StrategiesTrump to Force Foreigners Seeking Green Cards to Go Home FirstUAE Joins Saudis, Qatar in Urging Trump Not

Paul Tudor Jones doesn’t appear to be locked into one stock. That may be the real story. The billionaire investor’s Tudor Investment Corp. reported a massive first-quarter options book that includes big stakes connected to Nvidia (NVDA), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), Meta Platforms ...

The economic gap between the U.S. and the U.K. has been widening for more than a decade. As a result, a new study has found that the U.K.'s GDP per capita is now lower than every single U.S. state.

Solid earnings and a resilient economy could keep the rally going—even if the Fed starts thinking about interest rate hikes.

When you see huge tech companies like Meta and Intuit lay off thousands of people making top-tier salaries, it makes many Americans worry about their own jobs. Even if you're making a good living and have discretionary income, it's reasonable to think that maybe you should cut back a little, or ...

Trillion dollar companies are typically profitable. SpaceX lost about $5 billion in 2025, according to its IPO registration statement.

(Bloomberg) -- Mega IPOs like those eyed by SpaceX and OpenAI threaten to push the weighting of tech in equity benchmarks beyond market-bubble levels of concentration, according to Bank of America Corp. strategist Michael Hartnett.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Talks With Oman Over Permanent Hormuz Toll SystemModi’s To

SpaceX accounts for 16.2% of DXYZ’s portfolio, while VCX holds Anthropic at 20.7%, OpenAI at 9.9% and SpaceX at 5%.

The largest U.S. IPOs tend to underperform the market, with a not-insignificant share of those stocks delivering negative returns..

<body><p>STORY: Texas is suing WhatsApp and parent firm Meta.</p><p>The state says they misled consumers over the messaging app’s encryption and privacy standards.</p><p>In a statement Thursday, Texas Attorney General Ken Paxton said “WhatsApp markets its services as secure and encrypted, but it does not deliver on those promises”.</p><p>The lawsuit says users are given false assurance that their messages are encrypted, even though Meta and WhatsApp have access to “virtually all” private communications on the app.</p><p>A Meta spokesman called the allegations “false”, and said that WhatsApp cannot access people’s encrypted messages.</p><p>The suit seeks a court order barring access to Texans’ communications without their consent.</p><p>It also demands monetary penalties.</p><p>The legal action cites reports about a federal probe into claims that Meta had access to unencrypted WhatsApp messages.</p><p>It also refers to a whistleblower report to U.S. financial watchdogs.</p><p>Paxton’s office has previously filed similar claims against big companies, including one against Google.</p><p>Last year the search giant agreed to pay $1.375 billion to settle claims that it violated users’ data privacy.</p></body>

The Texas Attorney General’s Office on Thursday sued WhatsApp and its parent company Meta ‌Platforms Inc alleging they misled consumers about the strength and ‌scope of WhatsApp's encryption measures, which a Meta spokesman denied. The lawsuit in Harrison County ​court says WhatsApp and Meta falsely assure users that WhatsApp messages are encrypted despite having access to “virtually all” private communications on the messaging app. “WhatsApp markets its services as secure and encrypted, but it does not ‌deliver on those promises,” ⁠Texas Attorney General Ken Paxton said in a statement.

The companies reached a settlement with a Kentucky school district to avoid a coming trial over accusations that they intentionally designed their platforms to addict young people.

Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down SpaceX's (SPAX.PVT) finances ahead of its upcoming initial public offering (IPO).

Meta Platforms on Thursday settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat ‌a mental health crisis allegedly fueled by platforms. The agreement fully resolves a lawsuit brought by Breathitt County School District ‌in eastern Kentucky, following earlier settlements by co-defendants Alphabet's YouTube, Snap and TikTok. The case had been scheduled for a June 15 trial in federal court ​in Oakland, California.

(Bloomberg) -- The biggest tech companies are borrowing more than expected to fund their spending on data centers and other artificial intelligence infrastructure, and the investment-grade bond market won’t be able to accommodate all of their financing needs.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Goldman CEO Slides Into Musk’s

Investing.com -- Crypto-based prediction market bettors are forecasting an enormous debut for SpaceX when the company eventually goes public, with markets implying a strong likelihood of a valuation above $1 trillion on its first trading day.

(Bloomberg) -- The S&P 500 Index has had a fitful 2026 as it aims for a fourth-straight year of double-digit percentage gains, something it hasn’t done since the 1990s, while contending with risks from the war in Iran and rising inflation. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksGoldman CEO Slides Into Musk’s DMs During Bid to

The latest quarterly earnings from Big Tech companies have given investors ample reason to stay invested in the AI trade, helping lift equities despite the unprecedented disruption in ‌the oil markets that has clouded the economic growth outlook. Nvidia rounded out the results from the so-called ‌Magnificent Seven that includes Alphabet, Apple, Microsoft, Amazon.com, Meta Platforms and Tesla. Revenue ​growth at the Magnificent Seven remains highly uneven, with Nvidia's blistering pace helping maintain its dominant lead.

Alphabet's Google, Meta Platforms and TikTok were hit with complaints from European Union consumer groups ‌on Thursday for allegedly failing to protect users from financial scams ‌on their platforms. The move highlights growing pressure worldwide on Big Tech to do more to address ​the negative impacts of social media, particularly for children and vulnerable users. The complaints, filed by the European Consumer Organisation (BEUC) and 29 of its members in 27 European countries, were submitted to the European Commission and national regulators under the Digital Services ‌Act, which requires large ⁠online platforms to do more to tackle illegal and harmful content.