Maxwell Strachan
Hedge Funds Have Invaded the Housing Market. A New Bill Would Ban Them.
A sweeping new bill introduced in Congress would essentially ban hedge funds and private equity firms from buying single-family homes.
GameStop Debuts ‘Alarming’ Plan To Let Its CEO Gamble Millions On The Stock Market
But members of the online meme-stock community are already loving it. “Welcome to the new Berkshire Hathaway!”
Jeff Bezos Is Funding a Real Estate Startup Buying Up Family Homes to Rent
Your next landlord could be a bunch of random people backed by Jeff Bezos' money.
‘Buy Now, Pay Later’ Giant To Shrink Human Workforce as It Goes All-in on AI
A Klarna spokesperson said the company will search out all possible AI “efficiencies” before revisiting what “our ‘real people’ requirements are.”
The Kendall Roy Era Is Nigh: Massive Wealth Transfer to Create Nation of Trust Fund Billionaires
Newly minted billionaires are increasingly not “self-made,” but inheriting money from mom and dad, creating American “wealth dynasties” and a society that more closely resembles traditional aristocracies.
Google Agrees To Pay Canadian News Outlets $100M Annually in Rare Win for Media Industry
The agreement is the result of months of negotiations related to the Online News Act, which aims to make “dominant platforms compensate news businesses" for their work.
Drug To Help Dogs Live Longer Has ‘Reasonable Expectation of Effectiveness,’ FDA Says
The San Francisco-based biotech startup that developed the drug celebrated the determination as a "milestone," though there's scant evidence so far that it can reliably lengthen dogs' lifespans.
Binance CEO Changpeng Zhao, Who Crafted a Responsible Image, Is Pleading Guilty to Breaking Anti-Money Laundering Laws
The deal with multiple U.S. federal agencies will end a years-long, multi-agency investigation into the firm.
Everything You Need to Know About the Ridiculously Chaotic 'Coup,' Implosion, and Counter-Revolution at OpenAI
All the news about the “fucking shitshow” fit to print.
Sam Altman Out at OpenAI ‘Effective Immediately’
The CEO was "not consistently candid in his communication with the board," the ChatGPT maker said in an announcement Friday.
An Infamous Silicon Valley VC ‘Party Animal’ Was Just Convicted of Fraud
VC Michael Rothenberg’s extravagant parties had served as inspiration for HBO’s “Silicon Valley"—but the way he spent money led to questions about if anything was amiss.
A Private Island, Downloads From God, and the 'Couples Ruse': Inside the Dangerous World of Tim Ballard's Operation Underground Railroad
A female operator who worked with the controversial anti-trafficking group knew someone was going to get seriously hurt. She just didn't expect that it would be her.