Automattic rebuilds board after failed attempt to oust Mullenweg
Automattic CEO Matt Mullenweg installed a new board — including a sci-fi novelist and two co-founders of the defunct app IRL — weeks after directors tried and failed to remove him.
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462 storiesAnthropic's founders seek 50.1% voting control ahead of IPO
Anthropic is asking shareholders to approve super-voting shares giving CEO Dario Amodei and his co-founders 50.1% control, according to The Information.
ElevenLabs pacing at $600 million ARR, reportedly valued at $22 billion
ElevenLabs' CEO says the voice-AI company is pacing at $600 million in annual recurring revenue and is reportedly valued at $22 billion by its backers.
Lovable's annualized revenue tops $600M as vibe coding surges
Lovable's co-founder said the vibe-coding startup's annualized revenue crossed $600 million, up from around $500 million in June, as its enterprise business expands.
Disney+ and Hulu raise prices, joining industry-wide hikes
Disney is raising Disney+ and Hulu prices again, with the ad-free bundle rising to $21.99 a month, joining a broader streaming price-hike trend.
Nscale's IPO tests Wall Street's taste for concentrated AI bets
Nscale, a British neocloud whose revenue relies heavily on Microsoft and Anthropic, is going public in an IPO that will test investors' appetite for customer-concentrated AI infrastructure stocks.
Oura's as much as $2.2B IPO mostly pays out existing shareholders
Oura is seeking as much as $2.2 billion in its IPO, but almost two-thirds of the shares being sold belong to existing shareholders, not the company.
Flock Safety offers buyouts as backlash over its tech grows
Flock Safety, facing backlash over its license-plate-recognition technology, offered its most generous-ever buyout package to its 1,500-person workforce, which Wired reports could otherwise face layoffs.
SpaceX backer Valor Equity gives $8.5B in shares to its own investors
Valor Equity Partners, an early SpaceX backer, has given about 8.5% of its SpaceX holdings — worth roughly $8.5 billion, per Bloomberg — directly to its limited partners instead of cashing out.
Cap table platform Pulley is shutting down, referring customers to Carta
Pulley, a cap table management startup that raised over $50 million, is shutting down and has partnered with rival Carta to take over its customers.
Automattic execs signed $8.15M severance deals amid ouster
Automattic's interim CEO and legal chief signed each other's severance agreements — together worth $8.15 million — during the roughly 33-hour window when CEO Matt Mullenweg was on leave.
Amazon raises minimum pay by $1/hour for US operations workers
Amazon is raising minimum pay to $20 an hour and average pay to nearly $24 for U.S. operations workers, a $1-an-hour increase costing over $1.5 billion.
Insight Partners' Deven Parekh explains why the firm won't bet the fund on OpenAI or Anthropic
Deven Parekh, who has co-run Insight Partners for 26 years, told TechCrunch the $90 billion firm is staying diversified even as rivals put 35-40% of entire funds into OpenAI or Anthropic.
Larry Ellison cancels planned sale of around $7.5 billion of Oracle stock
Oracle co-founder and executive chairman Larry Ellison has canceled a planned sale of 50 million Oracle shares worth around $7.5 billion, the company announced Saturday.
Sam Altman says an OpenAI IPO in 2026 would be 'ill-advised'
OpenAI CEO Sam Altman said the company has filed confidentially for an IPO but will not go public this year, calling a 2026 listing "ill-advised" given ongoing AI safety concerns.
Google inks record rice-methane carbon credit deal with Mitti Labs
Google has agreed to buy 1 million carbon credits from Indian climate-tech startup Mitti Labs through 2030, in the largest publicly announced rice-methane carbon credit deal to date.
New iPhones arrive, so Apple raises prices on older models
Apple raised prices on its existing iPhone models by $100 as it unveiled the iPhone 18 and its first foldable, the iPhone Duo.
AI spending per employee slipped at top firms in August
AI adoption growth nearly stalled in August, according to Ramp data showing spend per employee fell at the top 1% of AI-using firms.
Autonomy adds gas cars to save its car-subscription business
Autonomy, a car-subscription startup, is adding gas-powered Ford vehicles to its fleet for the first time after its EV-only bet nearly sank the company.
Hacker steals about $340M from crypto network, then returns most of it
A hacker stole about $340 million in bitcoin from the Liquid Network settlement exchange, one of the largest known crypto thefts this year, before returning roughly 3,400 of the 4,000 stolen bitcoins.