Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint - Fortune
Today, the Nasdaq Composite looked like a V: down more than 4% by lunchtime, closing off just 1%. Around noon, the AI jitters came back, and traders dumped the highest-beta names—the frothiest, most volatile stuff—like Strategy (MSTR), the leveraged Bitcoin vehicle that had popped Monday; AppLovin (APP); and photonics maker Lumentum (LITE).
California In Talks for Superstar Tech Lawyer to Challenge Paramount’s Warner Bros. Deal (Exclusive) - The Hollywood Reporter
Logo text Robert Van Nest, a superstar trial lawyer for leading tech companies across Silicon Valley facing bet-the-company litigation, is in talks to represent California and other states if they file a lawsuit to block Paramount‘s $110 billion megadeal for Warner Bros. Discovery, The Hollywood Reporter has learned.
Rivian R2 First Drive: The Rivian for the Masses - WIRED
This midsize, five-seat electric SUV, built on an entirely new platform, is not merely a stripped-down R1S. No, the R2 is a ground-up rethink of what a Rivian can be with one crucial target in mind: volume sales.
Live updates: bitcoin tumbles to $60,000 as blowout jobs data, Zcash bug keeps pressure on crypto - CoinDesk
Share this postCopy linkX iconX (Twitter)LinkedInFacebookEmailMajor leverage wipeout across crypto marketsCrypto liquidations on derivatives markets (CoinGlass)It's been a brutal week for crypto traders and not just because prices nosedived. More than $5.3 billion in leveraged long positions, or bullish bets on higher prices, have been liquidated across crypto derivatives markets since Monday, according to CoinGlass data.