Bill Ackman Has a Different Idea for Fannie and Freddie Than an IPO
The Plan Bill Ackman has a different idea for Fannie Mae and Freddie Mac. Don't do an IPO right now. The Trump administration has been discussing plans to list the mortgage giants' stocks for months. The CEOs of the six largest banks pitched the president to be part of the offering. Ackman pitched a different […]
Major Internet Outage Knocks X, Shopify, ChatGPT Offline Tuesday Morning
The Outage Cloudflare was hit by an outage Tuesday that knocked several major websites offline for global users. Many sites came back online within a few hours. By 9:57 a.m. ET, Cloudflare said it had fixed the problem. X, ChatGPT, Shopify, Indeed, Truth Social, and Claude were among the affected sites. Some NJ Transit digital […]
Judge Rules Meta Doesn't Hold Social Media Monopoly, Dismisses FTC Case
The Ruling Meta won its antitrust case against the FTC Tuesday. Judge James Boasberg ruled the agency failed to prove Meta holds a monopoly in social networking. "The agency must show that it continues to hold such power now," Boasberg wrote. "The FTC has not done so." The case started five years ago. It focused […]
Google Shares Jump After Berkshire Reveals Rare $4.9 Billion Tech Bet
The Investment Berkshire Hathaway took a $4.93 billion stake in Alphabet, sending the Google parent's shares up 5.2% Monday. The conglomerate owned 17.85 million shares as of September 30, according to a Friday filing. The purchase marks a rare tech bet by Berkshire amid growing concerns over AI spending as tech giants pour hundreds of […]
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