David Lidsky's Blog, page 184

Nvidia-backed CoreWeave slashes IPO size and price amid investor concerns

CoreWeave is now looking to sell 23.5% fewer shares than originally planned, and price them at $40 per share—well below even the low end of the indicated range.

CoreWeave plans to reduce the size of its U.S. initial public offering and price its shares below the indicated range, a person familiar with the matter told Reuters on Thursday, dampening expectations that the listing would boost investor appetite for IPOs.

Why Tesla may be spared from Trump’s auto tariffs

While Tesla does import some parts from around the world, the company largely produces its vehicles in the United States.

As the global auto world reeled from the potential fallout of Donald Trump‘s new auto tariffs, one name stood out as less affected than others—electric-vehicle maker Tesla.

GameStop shares fall after Bitcoin investment plan

With the day’s losses, GameStop shares have dropped more than 23% this year.

Shares of GameStop fell more than 15% on Thursday after the company’s plan to finance its bitcoin pivot raised questions about the timing of its move and its strategy to turn around its struggling retail business.

Robinhood is getting into banking, and its ‘luxury’ perks include cash delivered to your doorstep

The stock-trading app’s new financial services, set to launch this fall, will also offer AI-powered investment advice and discounted helicopter rides.

Trading platform Robinhood, best known for introducing a new generation of traders to the stock market, crypto, and ETFs, is growing up alongside its customers, moving one step closer to becoming a full financial-service company, along the likes of Fidelity or Charles Schwab.

Elon Musk privately pressured Reddit CEO Steve Huffman on content moderation: report

After Musk and Reddit’s CEO exchanged messages, the site banned forums protesting him—raising moderator concerns about external pressure on content enforcement.

X owner Elon Musk was privately messaging with Reddit CEO Steve Huffman while also putting public pressure on the social media company’s content moderation efforts, The Verge reported Thursday.

RFK Jr. to cut 10,000 HHS jobs, warns of ‘painful period’ ahead

In his video announcement, the health secretary faulted the agency’s 82,000 workers for a decline in Americans’ health.

In a major overhaul, the U.S. Department of Health and Human Services will lay off 10,000 workers and shut down entire agencies, including ones that oversee billions of dollars in funds for addiction services and community health centers across the country.

The slim phone era is (finally) back

After years of chasing battery life and camera power, manufacturers are circling back to design—and betting on thin phones making a comeback.

Smartphones have been around long enough that, to the casual observer, their designs seem to have hit a plateau. And on a functional level, that’s more or less true—we’re all essentially holding the same six-inch-ish rectangle, aside from the occasional foldable exception.

Simon & Schuster wants to be your favorite content creator

New publisher Sean Manning wants to transform the literary institution into a viral powerhouse, starting with a $100 bookstore challenge.

If you were given $100 and five minutes in a bookstore, which titles would you pick? That’s the premise of Simon & Schuster’s upcoming web series, Bookstore Blitz—the publisher’s latest internet-inspired effort to market its authors.

With return-to-work mandates, rethink your office space

Follow these strategies to provide employees with exceptional experiences.

The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual dues for access to peer learning, thought leadership opportunities, events and more.

What wildfires teach us about smarter construction

The lessons from the Los Angeles fires can shape our plans for homes of the future.

The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual dues for access to peer learning, thought leadership opportunities, events and more.