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 […]
Tag: AI
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 Afe Funbi Key highlights: The HBAR price is testing $0.12066-$0.13000 after a strong recovery against the dollar and Bitcoin HBAR’s market cap has climbed to $5.4 billion as the token recovers from its recent lows AI adoption could create a new source of demand for HBAR through Hedera’s infrastructure His comments focused on EQTY […]