In a surprising and audacious leap into the fiscal fray, Peter Thiel and his Founders Fund have finalized a staggering $4.6 billion late-stage venture fund, officially dubbed Founders Fund Growth III. The firm, which has long been a stalwart in the technology investment space, relies on contributions from an impressive 270 investors, showcasing the high
Enterprise
Tesla Inc., once hailed as the pioneer of the electric vehicle (EV) revolution, is now experiencing a troubling downfall that raises significant questions for both the company and the burgeoning EV market. After witnessing a staggering 23% surge in shares just a day prior, investors were abruptly jolted into a reality check as the stock
In a groundbreaking move recently, Google rescinded a controversial policy that stifled employee discussion surrounding the ongoing antitrust lawsuit filed by the U.S. Department of Justice (DOJ). As we witness governmental entities clash with tech giants, the implications of this reversal extend far beyond legal ramifications. It creates a crucial conversation about employee rights, corporate
Tesla’s momentous struggle hints at the tipping point that could take the brand from revolutionary icon to a cautionary tale. The latest chapter features none other than the tempest that has erupted between CEO Elon Musk and Peter Navarro, one of President Trump’s economic advisors. Musk, who has once again donned the hat of provocateur,
In a remarkable development in the ongoing clash between privacy and national security, Apple has successfully emerged victorious against efforts from the U.K. government to impose a controversial encryption “backdoor” to its iPhones. The Investigatory Powers Tribunal’s recent ruling that dismantled the government’s secrecy request serves as a clarion call for privacy advocates and technology
The ongoing saga surrounding TikTok and its position in the U.S. App Store has taken another twist with Apple being granted a reprieve, allowing the controversial app to remain accessible for at least 75 more days. This decision came directly from assurances by Attorney General Pam Bondi following President Trump’s executive order, which extends the
Tesla has been at the forefront of the electric vehicle revolution, heralded as a major player in the shift towards sustainable transportation. However, under the glitz and glamour of Elon Musk’s visionary persona lies a chilling truth: the dreams of fully autonomous robotaxis are far from being realized. While devoted fans and loyal shareholders cling
When President Donald Trump unveiled his “reciprocal” tariff policy, he wielded numbers that seemed more like a magic trick than sound economic policy. Announcing a baseline 10% tariff on nearly every country, while subjecting key trade partners like China, Vietnam, and Taiwan to much higher rates, he left economists and trade partners scratching their heads.
On an unprecedented Wednesday, President Donald Trump enacted an executive order designed to effectively dismantle the de minimis trade exemption, which has allowed goods worth less than $800 to enter the United States duty-free. This regulation has facilitated a massive influx of packages, primarily from Chinese e-commerce giants like Temu and Shein. The original decision
The recent announcement of new tariffs by President Donald Trump has sent shockwaves through the tech sector, and the implications are far graver than many may assume. Apple’s staggering 6% drop in after-hours trading is just the tip of the iceberg, serving as a harbinger for not only the company but an entire industry reliant