Meta Platforms Inc
Photos show Altman, Iger and Cook arrive at ‘summer camp for billionaires’ in Sun Valley
Key Points Top executives from tech, media and finance gathered in Sun Valley, Idaho, for Allen & Co.’s annual conference this week. The gathering is often referred to as “summer camp for billionaires.” Apple CEO Tim Cook, Walmart CEO Doug McMillon, Disney CEO Bob Iger and OpenAI CEO Sam Altman were pictured entering the lodge. […]
Read More
Shares of Ray-Ban maker EssilorLuxottica jump 6% on reported Meta stake in AI push
Smart Ray-Ban Glasses, on June 16, 2024, in Caen, Normandy, France. Nurphoto | Getty Images Shares of Ray-Ban maker EssilorLuxottica almost 6% on Wednesday on reports that Meta has taken a minority stake in the company amid growing appetite for AI-powered wearable devices. Meta reportedly bought a stake worth around 3 billion euros ($3.51 billion) […]
Read More
Jack Dorsey launches a WhatsApp messaging rival built on Bluetooth
Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, March 25, 2021. CNBC Block CEO Jack Dorsey spent the weekend building Bitchat, a new decentralized, peer-to-peer messaging app that works […]
Read More
The tech sector still has legs in the second half, and Deepwater’s Gene Munster likes these names
Tech stocks helped lift the S & P 500 to a record in the first half, but Deepwater Asset Management’s Gene Munster said the artificial intelligence trade still has room to run in 2025 — and he shared a couple of his picks. The broad market index made a stunning turnaround from its April lows […]
Read More
Ilya Sutskever becomes CEO of Safe Superintelligence after Meta poached Daniel Gross
Ilya Sutskever, co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, Israel, June 5, 2023. Jack Guez | AFP | Getty Images OpenAI co-founder Ilya Sutskever said he will assume the CEO role at Safe Superintelligence, the artificial intelligence startup he launched last year. Sutskever’s announcement on Thursday comes after Meta […]
Read More
IPO market gets boost from Circle’s 500% surge, sparking optimism that drought may be ending
Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world’s biggest stablecoins, and Circle Internet Group co-founder Sean Neville react as they ring the opening bell, on the day of the company’s IPO, in New York City, U.S., June 5, 2025. NYSE For over three years, venture capital firms […]
Read More
2 of our banks just boosted their dividends. Here’s how their increases stack up versus our other names
Goldman Sachs and Wells Fargo shares hit record highs Wednesday after the Wall Street banks announced dividend hikes following Tuesday’s close. Both join the laundry list of Club holdings to hike their payouts to investors in 2025. After the financial firms passed the Federal Reserve’s annual stress test on Friday night, Goldman said Tuesday that […]
Read More
AI virtual personality YouTubers, or ‘VTubers,’ are earning millions
One of the most popular gaming YouTubers is named Bloo and has bright blue wavy hair and dark blue eyes. But he isn’t a human — he’s a fully virtual personality powered by artificial intelligence. “I’m here to keep my millions of viewers worldwide entertained and coming back for more,” Bloo said in an interview […]
Read More
Jeff Bezos sells $737 million worth of Amazon shares
Amazon founder Jeff Bezos leaves Aman Venice hotel, on the second day of the wedding festivities of Bezos and journalist Lauren Sanchez, in Venice, Italy, June 27, 2025. Yara Nardi | Reuters Amazon founder Jeff Bezos unloaded more than 3.3 million shares of his company in a sale valued at roughly $736.7 million, according to […]
Read More