Of Course Tesla Is A Meme Stock Now

Of Course Tesla Is A Meme Stock Now

Right now is a weird time to be Tesla. On the one hand, sales are flagging, the company’s newest vehicle is an absolute mess, and its flagship software only works for an elite few. On the other, the stock keeps climbing, with Tesla’s market cap now well over $800 billion. As it turns out, we have … Read more

Ancient Tesla Model Y Won’t Be Refreshed Anytime Soon: Elon Musk

Ancient Tesla Model Y Won’t Be Refreshed Anytime Soon: Elon Musk

Good morning! It’s Tuesday, June 11, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Walter Isaacson On Elon Musk(s) 1st Gear: Refreshed Tesla Model Y Won’t Come This Year A refreshed Tesla … Read more

US stocks: Dow ends above 40,000 milestone, indexes notch up weekly gains

US stocks: Dow ends above 40,000 milestone, indexes notch up weekly gains

The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains, as data supported expectations for interest rate cuts by the Federal Reserve this year. The benchmark S&P 500 edged higher after paring losses while the Nasdaq fell, but both chalked up … Read more

Woman told to see doctor after dog starts acting ‘weird’ around her

Woman told to see doctor after dog starts acting ‘weird’ around her

A woman has been left concerned by her dog’s peculiar behaviour and, after seeking advice online, she’s been advised to consult a doctor as there could be a serious underlying health issue. She describes her dog’s “weirdness” as including unusual actions such as never leaving her side, crying inexplicably and incessantly licking at her lips. … Read more

What is Reddit really worth? – podcast | Australia news

What is Reddit really worth? – podcast | Australia news

This episode was first played on our global news podcast, Today in Focus. Reddit is one of the last mainstream social media platforms that still resembles something of how the internet used to be. A place where humour abounds, niche interests are obsessed over, gossip is traded and viral videos are spread. Think of it … Read more

What is Reddit really worth? – podcast | News

What is Reddit really worth? – podcast | News

Reddit is one of the last mainstream social media platforms that still resembles something of how the internet used to be. A place where humour abounds, niche interests are obsessed over, gossip is traded and viral videos are spread. Think of it as Facebook’s subversive cousin, or Wikipedia’s anarchic little brother. But for how much … Read more

Reddit Stock Surges on Its First Day of Trading

Reddit Stock Surges on Its First Day of Trading

A big concern ahead of the public listing was that Reddit, the platform that gave birth to the memestocks of 2021, could also suffer the wild price swings caused by large numbers of investors coordinating their strategy over social media, including Reddit itself on forums such as r/wallstreetbets. Reddit’s IPO is a test of investor … Read more

Reddit IPO Filings Reveal the Company’s Hopes—and Fears

Reddit IPO Filings Reveal the Company’s Hopes—and Fears

The amount of time Reddit reports that users spend with its service hasn’t significantly budged either. In September 2021, the company said that US users on average engaged for 28 minutes a day. It ticked up to 30 minutes that December. In December of 2023, the company specified a figure only for “logged-in” US users, … Read more

Reddit’s Sale of User Data for AI Training Draws FTC Investigation

Reddit’s Sale of User Data for AI Training Draws FTC Investigation

Reddit said ahead of its IPO next week that licensing user posts to Google and others for AI projects could bring in $203 million of revenue over the next few years. The community-driven platform was forced to disclose Friday that US regulators already have questions about that new line of business. In a regulatory filing, … Read more

Can Reddit—the Internet’s Greatest Authenticity Machine—Survive Its Own IPO?

Can Reddit—the Internet’s Greatest Authenticity Machine—Survive Its Own IPO?

Alyssa Videlock was 11 years old when she started searching for people like her on the internet. What she found, back in the early 2000s, was not at all what she’d hoped for. “Being trans online was not really a thing,” she says. “There was fetish stuff for it, and there were stories about transformation. … Read more