GOPRO INC
Over 92,000 tech layoffs in just 5 months of 2026: AI replacing jobs faster than expected as Meta, Microsoft, Amazon job cuts trigger fear in US
Tech layoffs 2026: Over 92,000 tech jobs vanished by May 2026, with April seeing the worst layoffs in two years. US tech giants like Meta, Microsoft, and Amazon are cutting staff, citing AI efficiencies and past over-hiring. Despite job cuts, major tech firms are investing heavily in AI, signaling a significant industry shift.
One trader made $10 million after Beyond Meat’s 630% surge — Here’s how he did it
Beyond Meat stock has surged over 630% in days. Investors are stunned. A single trader reportedly made $10 million. Retail traders fueled the frenzy. Social media hype added momentum. A short squeeze drove prices even higher. A new Walmart deal boosted optimism. But risks remain high. This rally shows how strategy and collective action can shake the market. The stock now trades at $5.69 amid volatile, high-stakes momentum.
Meme-stock roar fades on Wall Street as retail finds new thrills
Meme stock trading is now normal in US markets. Opendoor, Krispy Kreme, and GoPro saw big surges. Warnings about speculation are ignored. Crypto is going mainstream with big firms involved. Retail investors are using options more. Short-dated options trading is at a record high. Meme stock enthusiasm shows retail investors are here to stay.
Gadget gifting may get costly this holiday season as supply chain plays The Grinch
Apple Inc and Microsoft Corp have hoisted bright red banners on their websites telling online shoppers to get their holiday presents for delivery as soon as possible on some of their newer, more expensive products.
Peter Thiel-backed startup Luminar to go public in $3.4 billion merger
The deal will be paid for with $400 million in cash from the blank-check company, as well as $170 million from other investors including Thiel, a unit of Volvo Car AB and GoPro Inc.
Drone bubble bursts, wiping out startups and hammering VC firms
A drone venture with backing from Kleiner Perkins and Google’s GV shut down last year. On a smaller scale, a company called CyPhy Works offers another cautionary tale.
Xiaomi may be twice as expensive as Apple
The Beijing-based company has a fair value of about $65 billion to $85 billion.
CES 2017: Dreams of the drone industry have crashed into reality
No use is too niche as drone-makers chase a market that's forecast to grow an average 32 percent annually over the next decade to reach $30 billion.
Here's why it's not easy to start a gadget company
It brought a renaissance of consumer hardware startups, and thousands of great consumer hardware ideas bloomed. But it turns out it's not easy to make it as a standalone company based on gadgets rather than software.
Bill Ackman gets a taste of his own medicine as Citron Research says Valeant Pharma inflating sales figures
Valeant plunged as much as 40%, prompting a public response from the company and creating billions of dollars of losses for its hedge fund owners.
At $135 mn, SoftBank’s Nikesh Arora third highest paid Chief
Fisher, 67, president and founder of SoftBank Holdings Inc., helped lead Son’s campaign in the US, including the Sprint acquisition.
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