Housenbold's remarks confirmed Business Insider's earlier reporting that the YouTuber had ambitions to get into the phone business. MrBeast, whose real name is Jimmy Donaldson, is unlikely to try to build a mobile network from scratch. Instead, he may launch Beast Mobile via a business model known as a mobile virtual network operator, or MVNO, according to an investor deck from early 2025 that Business Insider reported on earlier this year.
For what it's worth, the interviewer and host laughed at the idea of prediction markets in Roblox. "I actually think it's a brilliant idea if it can be done in an educational way that's legal. And so, imagine no free Robux, no free prizes, just a game called the Dress to Impress Predictor, where it's not like trying to get kids' money or anything like that. I would be a big fan of it," he explained.
The venture capital world has a liquidity problem. With IPOs scarce and M&A exits few and far between, investors have been stuck in positions for years, unable to return capital to their LPs or move into new opportunities. But while traditional exit doors have stayed shut, technology has opened up new ones-specifically, platforms that make it possible to create and trade Special Purpose Vehicles at scale, something that used to require armies of lawyers and fund administrators.
But he chose London for its design and brand-positioning potential, in a move that seems to be paying off. Nothing's growth has accelerated in the last two years, with revenues increasing 150% to over $500 million in 2024. Pei says the company is on track to hit $1 billion in sales for 2025, and has collectively sold seven million of its headphones, earbuds and smartphones since launch.
When I got hired at Meta in 2020, it was life-changing for me as a single mom. It represented safety and stability - a place to work hard at and retire from. So, when I was let go in February in a round of layoffs aimed at "low-performers," it felt like a punch in the gut. Nine months later, my severance and savings have run dry, I'm struggling to find a tech job, and I feel that the low-performer "label" is part of the reason.
Modern software companies no longer run on a single cloud; they're spread across dozens of specialized providers, from AI platforms to data warehouses to edge networks. This fragmentation creates a problem: today's developers grew up building apps in the cloud, but most lack the network engineering skills needed to securely connect all these different services together. The capabilities that tech giants spent years building - private network connections, global infrastructure, and sophisticated traffic routing - remain out of reach for smaller teams.
Lluis Faus will serve as strategic advisor and interim chief content officer. As the former CEO of vLex, which he and his brother founded in 2000, he brings decades of experience in legal research and content innovation to his new role overseeing Clio's content strategy. Ed Walters takes on the position of vice president, legal innovation and strategy. Walters was chief strategy officer at vLex and, before that, cofounder and CEO of Fastcase, which he founded in 1999.
With a total cash account of $200,000, you can invest $50,000 in four stocks or exchange traded funds (ETFs) and possibly collect $50,000 worth of annual passive income. It's not magic or pure luck. Rather, it's a matter of finding a couple of dividend champion stocks and some high-yield ETFs. To receive $50,000 in annual dividends/distributions from a $200,000 total investment, you'll need an average yield of at least $50,000 / $200,000, or 25%.
If you've chosen a target asset allocation-the mix of stocks, bonds, and cash in your portfolio- you're probably ahead of many investors. But unless you're investing in a set-and-forget investment option like a target-date fund, your portfolio's asset mix will shift as the market fluctuates. In a bull market you might get more equity exposure than you planned, or the reverse if the market declines. Rebalancing involves selling assets that have appreciated the most and using the proceeds to shore up assets that have lagged.
Nevada-based Redwood employees around 1,200 employees, so the cuts affect a few dozen workers. The company, founded in 2017 by former Tesla CTO JB Straubel, initially focused on recycling scrap from battery cell production, consumer electronics, and used EV batteries. The company extracts materials like cobalt, nickel, and lithium from those discarded goods and then sells them back to its customers, which includes Panasonic. Redwood has since added cathode production.
With Thanksgiving fast approaching in the US, volume across all markets is starting to dwindle as traders, investors, and various market participants start to travel for the holidays. Bitcoin made a local high at the end of yesterday at around $89,100. Since then, it's slowly been grinding down, only to start seeing bids again once buy orders were triggered in the low $86k range in the last few hours. With the announcement of the Genesis Mission by the White House yesterday, many believe that we will see the risk on market return. Bitcoin bulls would welcome this greatly, as this type of environment will see more long positions and ETF inflows.
Under the strategy, the Bank will significantly expand its investment activity, take on higher levels of portfolio risk and direct more support to scale-ups, regional clusters and science-based industries identified in the Government's Modern Industrial Strategy. It intends to increase annual deployment by two-thirds, unlocking a projected £26 billion of private capital alongside £13 billion of public funding, and enabling up to £10 billion in small business lending through guarantees.
Recent move: Klarna struck a deal with Elliott Investment Management to sell up to $6.5 billion in US "Fair Financing" loans over the next two years. These are not short-term, no-interest BNPL loans - they're fixed-term installment loans, with Klarna retaining underwriting and servicing duties. Capital efficiency - By selling receivables under a forward-flow agreement, Klarna frees up balance sheet capacity to issue more loans.
In 1981, he left the bank to found his own investment firm, Duquesne Capital Management, which would become the main vehicle for his investing career. Druckenmiller's reputation grew as he balanced running Duquesne with consulting work for the Dreyfus Corporation. By 1986, he was named head of the Dreyfus Fund while still managing Duquesne. Two years later, George Soros hired Druckenmiller as the lead portfolio manager for the Quantum Fund and a key manager at Soros Fund Management.
Google parent Alphabet ( NASDAQ:GOOG )( NASDAQ:GOOGL ) is often seen as a core tech giant focused on search, advertising, and cloud computing. Yet beneath its main operations lies a quieter side: a venture arm that invests in promising companies in areas like space tech, geospatial data, and semiconductors. These bets target innovations adjacent to Alphabet's ecosystem, such as enhanced connectivity for Android devices, Earth observation for AI-driven mapping in Google Earth, and efficient chip designs for data centers powering Google Cloud.
"Life doesn't care about your passion, and I don't care about your passion," Herjavec recalled Cuban saying during a show taping one season. "I don't care that you love golf or basketball or AI or cyber, I don't give a shit about any of that. What I want to know is, what are you obsessed with?" Herjavec added to Fortune. "Passion is easy, because passion is a wish, but obsession is an action. Passion doesn't demand anything of you. Obsession requires everything of you."
Gigapower, the open-access network operator owned by AT&T and BlackRock, said today that it has reached an agreement with Flume to use the network in Mesa, Arizona. Flume is a service provider focused on multi-dwelling units that relies primarily on other providers' networks for connectivity. The deal with Gigapower is in keeping with that strategy. "Through this relationship, Flume will deliver managed Wi-Fi internet services to residents in select apartment buildings and condominium communities," Flume and Gigapower said in a press release.
while 90% of policies are sold through financial advisors, these professionals navigate a fragmented ecosystem of over 10 disconnected legacy tools, each handling separate aspects of quoting, underwriting, and case management. This operational complexity translates into a six-month average policy cycle time for permanent life insurance, creating friction at every stage of the client journey and limiting advisors' capacity to serve their clients effectively. Modern Life addresses this systemic inefficiency by consolidating the entire life insurance workflow into a single AI-powered platform that enables advisors to instantly quote across 30+ carriers, receive underwriting decisions in minutes rather than weeks through its Express Decision capability.
"It's no longer enough to show how far we've come. It's critical, too, that we use those insights to point the way forward," said the report's author, Tom Wehmeier, who is also a partner at Atomico and the firm's head of intelligence. This includes four policy recommendations with fairly self-explanatory names: Fix the friction, Fund the future, Empower talent, and Champion risk.