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| Peloton out of favor: The fitness company offered little good news for investors hoping for a turnaround. Its lackluster forecast suggested new treadmills and bikes have failed to catch on, and shares plunged their most in almost three years. Roblox in favor: The video game company’s 144 million daily active users topped analyst estimates and marked growth of 69% over the prior year. Bookings came in at $2.22 billion, beating Wall Street’s projections of $2.09 billion. Its shares jumped as much as 27% in extended trading. Europe ponders social media bans: Germany became the latest European country, joining France and Spain, to consider a social media ban for young teenagers and children. | |
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| Goodfire, a startup the scrutinizes AI models to help improve them, was valued at $1.25 billion in a fundraising round of $150 million led by B Capital. The firm, founded in 2024, is the latest startup to raise millions for AI research, joining a group of companies sometimes called neolabs. | |
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| The huge expansion in capital spending from the leading American cloud companies proceeded like a bidding war. Meta came out with plans for at least $115 billion in spending, then Google raised that to $185 and Amazon capped the reporting season with a round $200 in planned capex for the coming year. This unprecedented spending is spooking markets, writes Brody Ford in today’s Tech In Depth essay. | |
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