Reddit seeks up to $6.5 billion valuation in IPO, source says
By Echo Wang (Reuters) – Media platform Reddit is eyeing a valuation of up to $6.5 billion in its initial…
Day: March 1, 2024
Elon Musk sues OpenAI for abandoning original mission for profit
By Jahnavi Nidumolu, Aditya Soni and Sheila Dang (Reuters) -Billionaire entrepreneur Elon Musk has sued ChatGPT-maker OpenAI and its CEO,…
NASA to discontinue $2 billion satellite servicing project on higher costs, schedule delays
(Reuters) – NASA said on Friday it is shutting down a more than $2 billion project to test satellite servicing…
GM recalling 820,000 pickup trucks for tailgate issue
By David Shepardson WASHINGTON (Reuters) -General Motors is recalling 820,000 newer pickup trucks in North America because tailgates could unlatch…
As NYCB’s shares dive, options traders prepare for worse
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The latest knock to the shares of New York Community Bancorp sent…
Meta rebuffs Google’s virtual reality tie-up proposal, The Information reports
(Reuters) -Meta Platforms decided against a partnership with Alphabet to use Google’s Android XR platform for its virtual and mixed-reality…
Exclusive-Musk’s Neuralink brain implant company cited by FDA over animal lab issues
By Marisa Taylor WASHINGTON (Reuters) – U.S. Food and Drug Administration inspectors found problems with record keeping and quality controls…