By Michael Adeleke Key highlights: MongoDB stock slumped after CEO CJ Desai resigned to join Meta The stock’s opening-day drop erased about $8 billion in market value MongoDB named former CEO Dev Ittycheria as interim CEO MongoDB stock dropped sharply after the software company’s CEO, Chirantan “CJ” Desai, resigned to take a role at Meta […]
Category: News
By Hassan Shittu Key highlights: Anthropic filed its IPO prospectus targeting a ~$2T valuation, revealing 2025 revenue of $4.6B alongside a ~$42B net loss Computing costs reached $7.33B in 2025 (the largest expense), with $518B in future cloud and infrastructure commitments The IPO is expected after November’s midterm elections, with co-founders pledging 80% of personal […]
By Nynu Jamal Key highlights: Blockchain.com has announced is planning to raise $500 million in an IPO The company’s valuation is expected to reach between $4 billion and $6 billion The details raise will depend on market conditions and the SEC’s review of the registration filing Blockchain.com, a crypto company founded in 2011, is now […]